Dick Gushman
CEO of DGM Group, Trustee of the Estate of James Campbell
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Richard W. Gushman, II was born in Washington, DC in 1946, and raised in Lima, Ohio, where he graduated from Lima Shawnee High School as a scholar athlete. He attended Ohio Wesleyan University as a philosophy major and was an all-conference outside linebacker. In 1967, Mr. Gushman's education was interrupted for two years of military service in the United States Army. He was honorably discharged in 1969 at the rank of Staff Sergeant E-6. Upon his discharge, Gushman was accepted into the School of Real Estate and Building Industry at the College of Business Administration, University of Denver, where he stayed for one additional year, from 1969-1970.
Dick Gushman's real estate career began early. From the beginning, his family environment was oriented towards real estate and development, as both of his parents were active in the business. His mother was a trained architect, graduating from Ohio State University, and his father was a developer and general contractor. Mr. Gushman began working on construction projects for the family at age 12, and stayed in the construction trades during high school and college. Before moving to Hawaii in 1972, Mr. Gushman, a licensed securities salesman, sold real estate investment trust shares and worked on commercial real estate leasing and development projects.
In 1972, Gushman began his real estate career in Hawaii as a development project manager for the McCormack Land Company, then Hawaii's largest residential brokerage company. In 1973, he left to start his own development practice, and which, sometimes partnering with other real estate investors and developers, has continued for over 31 years.
Richard Gushman has owned and developed projects throughout Hawaii, the US mainland and Guam over the past 30 years. These ventures include single family housing, multi-family low rise condominiums, high-rise condominiums, resort condominiums, low to mid-rise office, single-user and multi-user industrial, specialty retail, neighborhood anchored retail, historic renovation and adaptive reuse, big box power centers, public storage, leased fee acquisitions, and a $250M participating mortgage business which he ran for several years with the Bank of Hawaii as a co-owner. Notable development projects include Waikele Center, Guam Shopping Center and Premier Outlets, Model Progress and Hawaii Pacific University Buildings, Kaanapali Royal Condominiums, Spaulding House, Pali Momi Medical Center, Costco Center, and the historic Merchant Square and Wing Wo Tai buildings. Mr. Gushman's latest real estate venture includes developing a $100M retail complex in Waikiki known as Waikiki Beach Walk, together with Outrigger Enterprises, Inc.
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