))
Navigating CRE Cycles and Building a Billion-Dollar Portfolio with Stephen Bittel
Manage episode 483896994 series 3328411
Content provided by Matthews Real Estate Investment Services™. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Matthews Real Estate Investment Services™ or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
In this episode of The Matthews Podcast, host Matthew Wallace sits down with Stephen Bittel, chairman and founder of Terranova Corporation, to discuss his extensive career in commercial real estate. With over four decades of experience and a portfolio exceeding a billion dollars, Steven shares his journey from his early days in Miami to founding one of South Florida's premier real estate investment firms. The conversation delves into market cycles, the impacts of significant economic events, and strategies for success in this changing market. Learn about Stephen's incredible path, the growth of Terranova Corporation, and his advice to aspiring professionals. Tune in for an insightful discussion on resilience, opportunity, and leadership in commercial real estate.
00:00 Introduction to The Matthews Podcast
00:46 Meet Stephen Bittel: A Real Estate Icon
01:51 Early Life and Education
02:32 Starting a Career in Real Estate
05:36 Founding Terranova Corporation
08:56 Navigating Market Cycles and Challenges
11:06 Building a Third-Party Management Business
18:30 Shifting Focus to Equity Trades
20:29 Surviving the Great Financial Crisis
22:37 Managing Petroleum Realty During Lehman's Collapse
25:57 Navigating the 2008 Financial Crisis
26:19 Opportunities in the 2010s
30:46 The Impact of COVID-19
37:08 Adapting to Market Volatility
42:07 Building a Lasting Legacy
46:40 Advice for the Next Generation
34 episodes
Share
