The Joshi Story
Born in India August 31, 1946, Joshi attended St. Xavier’s Boys Academy and St, Xavier’s
College in Bombay, prior to coming to the USA in 1964 for undergraduate studies. Joshi enrolled
at the University of Akron in Ohio where he acquired his Bachelor’s in Economics and then
completed his Master’s degree in Business Administration.
The Indian Government having no foreign exchange inU.S. Dollars could not allow Joshi to
receive any funds from India. He had enough musical education in India that helped him land a
teaching job at a local music store. Thus began the Americanization of Joshi.
Joshi completed his college education by teaching music and musical instruments and spent many
nights playing music at the local coffee houses. In return, he received enough money to put himself
through college, learn the ways of American family life and the English Language. In his senior
year of college, at the age of 22, he bought the music store in which he taught. The fact is that a
pupil of Joshi, was the son of a bank president and helped him obtain the required loan without
collateral. Now that is the ultimate“Businessman’s Dream”!
In 1973, Joshi met Edward J. DeBartolo, owner of the San Francisco 49ers and one of the
largest real estate developers in the country. He suggested that Joshi become a tenant in shopping
malls with retail store R.J. Music. Over the next two years, Joshi opened and operated 11 music
stores in DeBartolo’s shopping malls across the East Coast.
In 1974, he sold his company to a NYSE listed company and under and exclusive contract he
expanded retail operations to 160 more stores in shopping malls over the next two years in the U.
S., Canada,and Mexico. When this contract expired, Joshi decided he wanted to develop retail
malls, a natural progression. He contacted his good friend and developer Jack Jacobs in Chicago
who agreed to work with him and “teach him the ropes.”
Three years later Joshi was ready and in 1979 at the request of K-Mart, Albertsons Sears and
JC Penny, he moved to California and opened Joshi & Associates for the development of
neighborhood, community and regional mall shopping centers. In the eighties, he employed over
one hundred professionals to plan, design, finance, construct, manage and promote real estate in
the states of Washington, Oregon, California, Arizona,Utah and New York.
In the early nineties, representing Costco, Wal-Mart,Home Depot and Smith’s, Joshi and
Associates embarked on redevelopment Agency projects in California, Florida, and Arizona
requesting repayment of sales tax revenues for financing acquisition and infrastructure costs for
their developments. Joshi assisted Price Club and Wal-Mart’s expansion into the interior of
China and negotiated Hong Kong’s first publicly financed Disney Theme Park. Think of
complicated right-of-way; the city purchased 500 acres of the Bay of Lantau Island near the
airport highway for Disney.
From 1996 thru present day Joshi & Associates based in Las Vegas, Nevada USA has been
promoting Mixed Use Master Plan Developments by financing, purchasing and altering
entitlements for adding value to the assets. Joshi &Associates with its vast contact networking
and experience in real estate industry is poised to continue its efforts in the expanding global
markets and emerging nations.
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