Herbert D. Weitzman is Executive Chairman of Weitzman. In 1990, after nearly 30 years in the real estate business, Weitzman founded the company, a full‐service commercial real estate brokerage firm that now ranks as one of the largest retail‐focused real estate services firms based in Texas. On the brokerage side, Weitzman leases a retail portfolio of approximately 44 million square feet in Austin, Dallas‐Fort Worth, Houston, and San Antonio. As a property manager, Weitzman is responsible for managing a statewide portfolio of more than 22 million square feet of retail and commercial properties.
On this episode, Chris and Herb discuss:
- Herb's real estate career
- Timeless lessons for success in real estate
- What makes a great retail deal
- Leadership philosophies
- The future of DFW
- Innovation in retail
Links
Weitzman - https://www.weitzmangroup.com/
Topics:
00:00:00 - Intro
00:00:16 - Herb’s career in RE
00:12:46 - Timeless lessons for being successful in RE
00:13:29 - Future growth for DFW
00:15:08 - The opportunity to buy 25% of Highland Park Village for $100k
00:19:29 - What it takes to see the future potential of a market
00:21:55 - Starting Weitzman
00:31:31 - Experiencing the 80’s Savings and Loan Crisis
00:41:46 - Raising capital
00:43:18 - Why have you chosen to stay exclusively in Texas?
00:49:50 - Leadership philosophies
00:53:16 - What makes a great retail deal and what do people get wrong?
00:56:10 - Suburban vs. urban retail
01:01:02 - Ikea
01:02:49 - The importance of relationships in retail
01:07:53 - Thoughts on construction pricing
01:12:54 - What areas of DFW are going to explode over the next 10 years?
01:15:56 - Innovation in retail
01:23:51 - What does work look like for you today?
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