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Terranova’s blog on real estate, retail related market trends, upcoming events, and more!
Chairman Stephen Bittel talks real estate, trends, and building better communities.
2019 Enters With a Storm
January 2, 2019 - I continue to get asked where we are in the commercial real estate cycle, with a good bit more urgency after the last tumultuous weeks. So much of where we are going as an economy is better understood by a quick explanation of where we have been. 2018 experienced the long anticipated increases in interest rates throughout the year. While rates are still low compared to historic levels since 1979, when I…
Bittel Announces Parkinson’s Foundation Centers of Excellence
October 15, 2018 - Amidst a real storm in the Florida panhandle and a tornado of political activity all over the country as the midterm elections quickly approach, we took time out recently to visit the Cleveland Clinic in Cleveland and the Medical University of South Carolina (MUSC) in Charleston to see our investment in the Parkinson’s Foundation Centers of Excellence program come to life. Both facilities are at the leading edge of the diagnosis and…
Take a look into Stephen Bittel’s real estate crystal ball
August 20, 2018 - WHERE ARE WE IN THE CYCLE???? This seems as recurrent a daily ask as brushing my teeth in the morning. I keep my crystal ball perfectly dusted off to give me the clearest view possible looking into the future, while cognizant of the past. Amidst a rising but choppy stock market, increasing interest rates, 6 months of growth in retail sales, and the start of inflation, we should pause and assess where…
Parkinson’s Foundation New Centers of Excellence
July 25, 2018 - The Parkinson’s Foundation designated three new Centers of Excellence yesterday expanding their care network to 45 centers, worldwide. These exceptional centers currently treat 127,000 patients with Parkinson’s disease (PD). Twenty-three of the Centers are participating in the Parkinson’s Outcomes Project the largest clinical study of Parkinson’s. A center can only receive this sought after status by meeting the highest levels of care, research, education and outreach standards. So far, our Terranova…
Napa, Yosemite, and Rapid City – West Coast Family Vacation
July 12, 2018 - Just back from a one week family vacation where we visited some remarkable parts of our country. The week in Napa was a wine and food centric five days, amidst an agricultural heaven featuring the freshest local fruits, vegetables, cheese and wine. Within this incredible area of natural beauty and abundance, was the visible reminder of the charred trees and lonely foundations of homes burned in last summer’s wild fires. Even…
Terranova’s Lincoln Eatery Food Hall – A Miami Beach Destination
June 20, 2018 - Our Lincoln Eatery food hall is wrapping up construction this week as we turn over stalls for our tenants to begin their work. A unique collection of local food chef/entrepreneurs are joining together in what one writer termed, the sharing economy of food. Preleasing is at almost 75% signed and or committed, with just a handful of spaces still available. What a learning exercise this has been for our team, led by…
Bittel at Bowdoin College Reunion
June 11, 2018 — Last weekend I attended my 40th Bowdoin College reunion, replete with the expected Maine lobsters in full and in roll, and all the accompanying Maine specialties like chowder, steamed clams, whoopie pies, and the like. What was more remarkable was the commitment to the Common Good that was an intrinsic part of our Bowdoin education and has remained a driver in the lives of so many members of our tiny class,…
Terranova at ICSC RECon 2018
May 24, 2018 — Just back home to Miami after my 35th year in a row attending the International Council of Shopping Center’s annual RECon convention in Las Vegas with a big team from Terranova. It was an intimate gathering of nearly 40,000 of our closest friends in the retail real estate industry including tenants, lenders, debt and equity capital providers, owners, developers and all the attendant professionals and vendors from lawyers and architects, to maintenance…
SOLVE at MIT 2018
May 18, 2018 — Flying back right now from the SOLVE at MIT 2018 conference in Cambridge. What a remarkable gathering of social and environmental entrepreneurs and funders engaging together with an enduring passion to improve the world. The exchange of ideas and coaching was extraordinary. Two “solvers” selected from the sustainable urban communities track were amongst eight social entrepreneurs chosen in 2017, really igniting my passion. Komal Ahmad is the Founder and CEO of…
May 17, 2018 — A few months ago, 17 innocent people were murdered at Majorie Stoneman Douglas High School in Broward County, Florida. Students and teachers alike had their lives senselessly ended with a weapon of war. an AR-15 assault weapon. Families wept at their loss and survivors mobilized to, once and for all, demand our elected officials stand up to the gun lobby and act to save lives. Common sense laws in the form…
Welcome to Bittel on Business
We have raised a family and built a business in our South Florida community for many years. Responsibility to our broader community has been a part of our lives for as long as I can remember. The success of our business is inextricably linked to the success of the communities, where are investments are located. Our team has always endeavored to play a leadership and advisory role in every facet of community life and leadership. While…