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 Podcast00:46 Meet Stephen Bittel: A Real Estate Icon01:51 Early Life and Education02:32 Starting a Career in Real Estate05:36 Founding Terranova Corporation08:56 Navigating Market Cycles and Challenges11:06 Building a Third-Party Management Business18:30 Shifting Focus to Equity Trades20:29 Surviving the Great Financial Crisis22:37 Managing Petroleum Realty During Lehman's Collapse25:57 Navigating the 2008 Financial Crisis26:19 Opportunities in the 2010s30:46 The Impact of COVID-1937:08 Adapting to Market Volatility42:07 Building a Lasting Legacy46:40 Advice for the Next Generation

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