Michael has built a successful portfolio in commercial real estate development, leasing and property management, student housing, healthcare technology, banking and finance, and energy development. Michael now owns a controlling interest in more than 2 million square feet of office, retail, and mixed-use properties located primarily in Western Pennsylvania.
Michael entered the real estate business in his early twenties as a residential salesperson. In 1984, he moved to Pittsburgh and founded his own company that, in 1987, became Zamagias Properties. In 1988, Michael launched his signature deal at Robinson Town Center, a 766-acre, mixed-use, $500 million, three-phase development.
Launching off of his real estate successes, Michael pursued business opportunities in other fields, most notably Healthcare Technology. In 1991, Michael joined TeleTracking Technologies as the co-investor, when the company was in its earliest phase as a start-up. TeleTracking has grown into a global multi-million dollar annual business that is now recognized as the world leader in healthcare operations management and Operational Command Centers.
In 1991, Michael co-founded Pennsylvania Capital Bank and was instrumental in the selling of this bank to Three Rivers Bank in 2001 which was later acquired by Huntington Bank. In 2002, he began another new venture with the development of over 150 oil and gas wells in Pennsylvania.
To this day, Zamagias Properties remains a multi-faceted business with a proven track record of serving tenants and partners by providing quality services and unparalleled breadth of experience. Michael’s investment decisions are based on successful experiences in the past, and even more importantly, on creating value for the future.
Michael is a board member of Carnegie Mellon University.