Pamela Mikus is the founder and owner of Premiant Development LLC, a real estate development firm concentrating in mixed-use projects in New York and California. She is a licensed New York State real estate broker, and her firm is New York City and Port Authority of New York and New Jersey WBE Certified.
Mikus has an extensive real estate background, with two decades of direct development experience totaling approximately $750 million in project value primarily in the New York City and California marketplaces. Her expertise spans the acquisition, entitling, design, financing, building, and stabilizing of nearly 5,000 residential units and nearly 400,000 square feet of commercial space. She has broad experience with the local public review processes in both regions, having served as the person responsible for securing the local approvals for all of these projects. Mikus has negotiated numerous commercial leases and tenant improvement contributions for tenants that include Duane Reade, Chase Bank, Starbucks, and New York Sports Clubs, and she has developed relationships with lenders and financial institutions such as Citibank, Chase, WNC, and Wells Fargo.
In addition to real estate development, in 2015 Premiant secured $15 million in refinancing proceeds for two existing multifamily developments in the state of Utah. Mikus worked with the owners to find the best terms, rates, and leverage to buy out the existing limited partners; pay off subsidy loans and higher interest rate debt; and secure new financing for the properties through Freddie Mac Targeted Affordable CME loans.
With the founding of Premiant, Mikus achieved her goal of combining a passion for real estate with a commitment to education. Her firm donates a percentage of its developer fees to college students of low-income families, helping defray their cost of higher education. Mikus was herself the recipient of similar assistance contributed by donors during her advanced education.
Prior to starting Premiant, Mikus served as executive vice president of development at The Richman Group, a firm that consistently ranks among the nation's top 10 multifamily residential owners. In 2008, Mikus relocated to California to head up a newly established development office for Richman. While there, she initiated and then served as the lead project manager for numerous projects including rehabilitations and mixed-use developments, where, she says, she "demonstrated an ability to vision, imagine the change, and make it happen." Prior to working at Richman, Mikus was the project manager at the New York City Economic Development Corporation.
With many fond memories of her time at Cornell, Mikus says her career choices and success are directly related to her Cornell education.
"I learned to be a critical thinker and this skill alone has helped me immensely in my career. At Cornell, I was surrounded by the sharpest minds, both among my classmates and my professors, especially professors Barclay Jones and Susan Christopherson," says Mikus. "They encouraged me to continue with my thesis topic, and to publish, publish, publish."
Mikus holds two bachelor degrees from Boston University in addition to her master of regional planning degree from Cornell, and she is a cochair of the AAP Advisory Council.