Real Estate Moguls

Michael Fassnacht has built a career on taking risks, thinking ahead, and, above all, showing up. As the Chief Growth Officer and President of Chicagoland at Clayco, one of the largest design-build firms in the country, he has a front-row seat to the future of real estate and economic development. But his path to this leadership role was not a straight shot. It was shaped by international experiences, deep civic involvement, and a willingness to step into the unknown.

Growing up in Germany, Michael’s early years were defined by curiosity and ambition. After spending time in Africa as a missionary, he returned to Europe to begin his professional career with Lufthansa. The corporate world introduced him to high-stakes decision-making, but it also reinforced a critical lesson. Success is not just about talent. It is about showing up and putting yourself in the right rooms.

His move to the United States was driven by something deeply personal, his wife. With their future together in mind, he left Frankfurt and started fresh in San Francisco. There, he launched one of the first SaaS companies in the marketing tech space, an endeavor that proved both challenging and rewarding. Five years later, after successfully selling the company, another opportunity knocked. This time in Chicago

Stepping into a leadership role at one of the world's most renowned advertising firms, Foote, Cone & Belding, Michael quickly became a key figure in Chicago’s business landscape. His civic engagement grew as well, leading him to serve on various boards, including the Chicago Public Library Board and the Civic Consulting Alliance. These roles eventually led to a pivotal call. Mayor Rahm Emanuel asked him to help pitch Chicago for Amazon’s HQ2.

That bid, while unsuccessful, ignited something in him. The process of selling Chicago to the world opened his eyes to the broader impact of economic development. It was not just about business. It was about shaping a city, creating opportunities, and building a legacy that outlived a single project. That realization led to his time as Chief Marketing Officer for the City of Chicago and later as CEO of World Business Chicago, where he played a crucial role in driving investment and innovation.

Now at Clayco, Michael is bringing his global perspective to real estate development. With projects that span manufacturing, data centers, and life sciences, the firm is quite literally building the future. But beyond the numbers and high-profile deals, his approach remains deeply personal. Mentorship, leadership, and the philosophy of showing up.

“The most important advice I give young people nowadays is show up,” he says. “Leave your bedroom, leave your house, leave your apartment. You have to go to meetings, you have to go to events. You have to meet people face to face. You have to show up with your work, with your writing, with your thinking, with your voice.”

This mindset is not just advice. It is how Michael has built his career. Whether in boardrooms, on construction sites, or in civic leadership meetings, he understands that no amount of preparation can replace the value of being present. It is a lesson that applies across industries, from aspiring entrepreneurs to corporate executives looking to make an impact.

For those looking to follow in his footsteps, Michael emphasizes one more thing. Maintaining emotional independence from work. “You cannot give power over your emotional well-being to the corporation you're working for,” he says. Dedication is important, but so is the ability to step back, reflect, and ensure that success does not come at the cost of personal fulfillment.

Through all his ventures, from pitching billion-dollar investments to shaping the next generation of leaders, Michael Fassnacht remains a student of life. Always learning, always building, and always showing up.

Nick DeGregorio

Nick DeGregorio is a faith-driven entrepreneur whose journey from football to leadership in roofing and real estate is grounded in integrity, community impact, and personal growth. Guided by his faith in Jesus Christ, Nick integrates professional success with a mission to uplift lives and foster authentic connections. Through strategic collaborations, thought-provoking podcasts, and impactful events, he inspires others to pursue success while staying true to values of faith, love, and service.