[1] He and his brother became the owner-operator of McDonald's, Wendy's, Days Inn Hotels and other family-style restaurants throughout New York, Florida and California.
[3] In 2005, the homebuilding assets and operations of Transeastern were sold to Technical Olympic USA (TOUSA) for approximately $857 million.
Encore Capital Management is a diversified, multiple fund, real estate investment and development firm.
[7] Encore is developing over 20,000 rental apartments, homes for sale, and residential lots with sell out revenue of approximately $4 billion.
[8] It re-branded the 32-acre project as Plantation Walk in 2017,[9] which will be a mixed-use development comprising office space, luxury apartment rentals, retail, restaurants and hotels.
[11] In November 2019, the developers proposed a new site plan for the second phase that included an office building, senior living facility, supermarket and hotel.
[15] Nearby, Falcone Group is developing Encore Club at Reunion, which consists of vacation rental homes and apartments.
[18] Miami Worldcenter Associates, Forbes Co. and Taubman Centers collaborated on leasing with plans to open stores in 2021.
[25] The developer broke ground in March 2018 on the project, which will be part of Encore's multifamily brand called "The Rise".
[29] In 2006, he was inducted into the H. Wayne Huizenga School of Business Entrepreneurship Hall of Fame at Nova Southeastern University.
[34][35] Two years later, Falcone and his wife Marcy were inducted into the Hall of Fame of the Broward County chapter of the Boys & Girls Clubs of America at a January program.
He founded JA Biz Town, a nonprofit affiliated with Junior Achievement USA to teach students in grades 4-6 entrepreneurship, financial literacy and work-readiness skills.
The program combines classroom learning with a simulation in which the students manage businesses and engage in civic involvement.
[37] Falcone and his wife, Marcy, sit on the boards of Crohn's and Colitis Foundation of America and SOS Children's Villages.