Mohammad Yousof Hakemy

Dallas Is Taking Significant Steps to Expand Internet Access

A longtime resident of Dallas, Texas, Mohammad Yousof Hakemy is a seasoned entrepreneur and business owner who guides Hakemy Businesses and Property Management. With a career spanning three decades, Mohammad Yousof Hakemy oversees numerous properties in the Dallas sphere and keeps up to date on changes in the Dallas business markets.

In Dallas, city officials want to make sure that enough is being done to help students bridge the digital divide. The COVID-19 pandemic emphasized the need of ensuring that everyone in the city had access to the internet. The city’s Broadband & Digital Equity Strategic Plan is being re-evaluated by officials due to speculation that a highly contagious delta variant would lead to increased online learning.

Dallas spent $8.8 million in CARES Act funding in 2020 to finance all durations of projects that aim at narrowing the digital gap. The Broadband and Digital Equity Strategic Plan were commissioned using some of the funds. Cooperation with the Dallas Independent School District was part of the endeavor.

Internet for Dallas, which brings together more than 40 organizations, businesses, and NGOs with whom the city and DISD have worked on numerous connectivity initiatives, was also created. The alliance focuses on four key issues: internet access, affordability, device availability, and teaching digital skills. They served about 40,000 kids last year but are now searching for more long-term alternatives.

Luby’s Dissolution Presents North Texas Investment Opportunity

Mohammad Yousof Hakemy is a Dallas business executive who has led Hakemy Businesses and Property Management for more than three decades. Maintaining a wide range of commercial properties, Mohammad Yousof Hakemy has a strong interest in the real estate and property development sphere.

As reported in the Dallas Business Journal, Luby’s Inc., recently announced that it would go through a liquidation and dissolution process. Holding a total of 80 properties, the firm maintains 19 restaurants across the North Texas region. Most of the properties are standalone structures with their own pad sites. These encompass Luby’s, Fuddruckers, and Fuddruckers-Luby’s combo locations, and range from 4,500 to 13,100 square feet. The restaurants are equipped to provide dine-in, takeout, and delivery services.

According to the Dallas Business Journal, the liquidation of the business presents a significant opportunity to area investors, as Luby’s is planning to sell all operations and assets, with a number of retail locations staying open throughout the process. The Dallas Central Appraisal District provides information on square footage, acreage, and market or assessed value that investors can use as a guidepost in planning strategy moving forward.

Retail Store Management Activities

Mohammad Yousof Hakemy is a Texas-based investor, entrepreneur, and founder of Hakemy Business & Property Management, where he and his team focus on identifying exceptional property acquisition opportunities. From working at a retail store to owning several businesses, including real estate properties, Mohammad Yousof Hakemy also invests in retail stores.

Although every retail store manager’s goal is to increase sales and profits, it’s essential to outline the ways to achieve it. The retail manager can start by generating useful data to help inform significant decisions for the store by measuring everything, including sales, employee productivity, and foot traffic.

Retail managers can improve sales by revisiting and changing marketing strategy, display, and merchandise mix. They should practice cash control by maximizing inventory turns, managing payroll, avoiding unnecessary expenses, and keeping detailed financial records.

Retail managers also need to understand and be well versed in business practices. At the same time, they’ll need to possess a clear idea of target markets, market segments, product selection, pricing tactics, customer service, and promotional activities.

Given that customers are the primary determining factor of whether a business thrives or crumbles, taking time to understand customer needs and stocking products that reflect those needs will ensure continuous patronage. In addition, offering loyalty programs and features like free Wi-Fi can help entice new customers while retaining existing shoppers.

Factors That Could Affect Real Estate Development

Businessman and real estate developer, Mohammad Yousof Hakemy attended the Afghan Institute of Technology in Kabul. He later founded Hakemy Business & Property Management, a Dallas-based property acquisition and development company. Mohammad Yousof Hakemy has managed his company for 34 years, during which he has had to navigate many changes and developments in the real estate market.

In the last couple of years, the affordability of houses has become an issue, as demand rises and supply remains low. Demographic changes are also having an impact, with four generation groups influencing both commercial and residential real estate demand and supply. These factors will affect the property types that are viable for developers.

Another factor is e-commerce growth. It accounted for more than a quarter of all American retail as of 2018. But with the recent COVID 19 pandemic, online sales have skyrocketed. This has profound implications for the commercial development and rental market. The closure of physical retail establishments has been accelerated due to declining business and movement restrictions. The rise in people working remotely is another cause for concern as many companies are planning to adopt this mode permanently, reducing the need for office space.

Other issues include weather-related risks as these affect buyers’ decisions. There is also the rise of disruptive technology and changing government regulations, especially zoning laws.

Property Development: The First Stage

Mohammad Yousof Hakemy is an alumnus of the Afghan Institute of Technology and a real estate developer. He is the principal of Hakemy Businesses and Property Management, a company based in Dallas, Texas. Mohammad Yousof Hakemy enjoys running and biking as much as he loves acquiring, developing, and selling properties.

Real estate development entails a lot of time and money, and the process is complicated. However, the first stage or pre-development phase is one of the most important. During this stage, the focus is mainly on the endeavors necessary to acquire the property. The first set of activities includes market analysis and feasibility studies, determining the best place to acquire land, and identifying the permits needed. The second set of actions is environmental assessment, surveys, and getting site plans, building plans, and development plans.

Sometimes, developing a property may require some infrastructural changes to nearby buildings. After this is determined and received, it’s time to go to the final step of the pre-development stage, which is arranging construction financing. The different activities in the first stages of property development may take several weeks to conclude. However, they’re essential parts of the process, and a developer should take them seriously.

Three Questions to Ask Before Buying a Commercial Property

Texas entrepreneur and real estate investor Mohammad Yousof Hakemy serves as the principal of Hakemy Business and Property Management in Dallas. In this capacity, Mohammad Yousof Hakemy handles the development and acquisition of retail and other commercial properties.

When it comes to buying commercial real estate, there are several questions you should ask to ensure a property is a good value. Here are just a few examples of these questions:

Is there sustained demand?
There might currently be demand for commercial property in a particular area, but this does not mean the demand will persist over a long period of time. For this reason, you must carefully assess the sustained demand of a location and examine whether it will remain appealing to target tenants for years to come. Good sustained demand is linked to better investment returns and capital growth potential.

Does the zoning code match your plans?
As you likely know, certain properties are zoned for specific uses, such as residential or commercial. However, these zoning regulations can also dictate how a particular property is used, and even limit your building freedom. Before buying a commercial property, make sure the property is zoned for what you plan on doing with it, whether that means building an addition or moving roads around.

What are the tenants like?
Assuming the building you’re looking at buying already has tenants, take some extra time to review the existing lease agreement, payment history, and tenant obligations of everyone at the property. You can also determine whether the tenants have paid a deposit or have the right to relocate. This gives you a good idea of the quality of tenants and how they may impact your bottom line.