801 arthur godfrey rd

suite 600

miami beach, florida 33140

 

T: 305 695 8700  

 

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Privacy Statement

Website Terms of service and privacy policy

PLEASE READ THE FOLLOWING TERMS AND POLICIES CAREFULLY. WHEN YOU USE OUR WEBSITE YOU ACKNOWLEDGE THAT YOU HAVE READ, UNDERSTOOD, AND AGREE TO BE BOUND BY THESE TERMS AND POLICIES, AND YOUR CONTINUED USE OF OUR WEBSITE SIGNIFIES YOUR ACCEPTANCE OF THEM.

TERMS OF SERVICE

Informational Purposes Only: The material on the Terranova Corporation (“Terranova”) website has been prepared and published for informational purposes only. This website may contain links to other resources on the internet, both those of affiliated companies, and of third parties. We take no responsibility for the content, accuracy, or timeliness of those other websites, nor do we endorse any commercial products that may be advertised or available on those websites.

License and Website Access: Terranova grants you a limited license to access and use this website solely for personal noncommercial purposes. You may not download (other than page caching) or modify it, or any portion of it, except with the express prior written consent of Terranova. This license does not include any resale or commercial use of this website or its contents; any collection and use of any property listings, descriptions, or prices; any derivative of this website or its contents; or any use of data mining, robots, or similar data gathering and extraction tools. This website or any portion of this website may not be reproduced, copied, sold, resold, visited, or otherwise exploited for any commercial purpose without express prior written consent of Terranova. You may not frame or utilize framing techniques to enclose any trademark, logo, or other propietary information, including, but not limited to, images, text, page layout, or form, or use any meta tags or any other "hidden text" utilizing Terranova's name or trademarks, without the express written consent of Terranova. You are granted a limited, revocable, and nonexclusive right to create a hyperlink to the home page of Terranova, so long as the link does not portray Terranova in a false, misleading, derogatory, or otherwise offensive manner. You may not use the Terranova logo or other proprietary graphics as part of the link without the express written permission of Terranova.

Copyright: All content included on this website, such as text, graphics, logos, button icons, images, audio clips, digital downloads, data compilations, and software is the property of Terranova protected by the United States and international copyright laws. The compilation of all content on this website is the exclusive property of Terranova and protected by U.S. and international copyright laws.

Trademarks: terranovacorp.com and the Terranova name and other Terranova graphics, logos, page headers, button icons, scripts, and service names are trademarks of Terranova . These tradmarks may not be used in connection with any product or service that is not Terranova's, in any manner that is likely to cause confusion among customers, or in any manner that disparages or discredits Terranova.

Illegal or Abusive Usage is Strictly Prohibited: You may not use this website for any illegal or unauthorized purpose. International users agree to comply with all local law as regarding online conduct and acceptable content. We may block or withhold your access to the website if we have reasonable grounds to suspect any breach by you of these terms and conditions, that we or any user has incurred or may incur any liability in connection with the website, or if your use of the website is otherwise inappropriate. You may be subject to legal action should you be found to have engaged in illegal or abusive usage of our website.

Disclaimer and Indemnity: Terranova disclaims any and all liability for any loss, damage, or other liability whatsoever arising from the use of this website or the terms and conditions in connection with this website and specifically excludes all warranties, conditions and terms, whether express or implied to the fullest extent permitted by law. You agree to indemnify Terranova against any liabilities, claims, and expenses that may arise from your use of the website and any breach of these terms and conditions by you, your employees, or agents.

Modification of Terms and Conditions: Terranova may modify these terms and conditions at any time by post of the new version on the website. You will have agreed to such revised version if you continue using the website after the change or modification is posted. You should check the terms and conditions periodically to ensure that you are aware of and are complying with the current version.

Online Privacy Policy

Terranova respects the privacy rights of our online visitors and recognizes the importance of protecting the information collected from you.

Terranova will not sell, borrow, or share your contact information with any outside parties. All information collected (which will be limited to name, e-mail address, physical address, and phone number) will only be used and accessible to selected Terranova representatives. We respect your privacy and will only use your information to improve customer service, website functionality, and to communicate with you. Communications may include, but are not limited to:

  • Responses to your inquiries
  • To send periodic news and company updates
  • To share research reports created by our internal Marketing department

If you have any questions or concerns regarding any information presented in this policy, please contact us by telephone at 305.695.8700.

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including market trends in the industry, events, future development projects and more.

After Four Decades, Stephen Bittel’s Terranova Has Mastered Navigating Down-Business Cycles

TYCOON STORY — JULY 1, 2021 While the cause of an economic cycle to this day is still a hotly debated topic amongst economists, the one thing that can be agreed upon is the economy experiences periods of growth and recession in a cyclical nature. This cycle has been broken down into four distinct phases: expansion, peak, contraction and trough. During expansion, there is increased employment, economic growth and upward pressure on prices, which eventually comes to the highest point of the business cycle known as the peak. After a peak, the economy typically contracts, entering into a correction during which growth slows, employment declines, and pricing pressures subside. The trough is the point at which the economy has hit a bottom, and is the point from which the cycle starts itself over again.

At the heart of every entrepreneur’s aspiration for their business is longevity. Few people start a company without the intention of watching it evolve over the years, surmounting obstacles and growing to celebrate the years in business and eventually decades. However, in order for any entrepreneur to have their business not only survive but also thrive, they must be aware of the inevitability of business cycles and be able to effectively navigate them.

Stephen Bittel, founder and chairman of Terranova Corporation, has managed to master such navigation tactics. Terranova is currently in its 41st year of business and has grown from Bittel’s home office to become one of the top commercial real estate companies in Southern Florida. In that time, the company has made its way through six recessions including the one that is currently ongoing as a result of the coronavirus pandemic, and thanks in part to Bittel’s leadership has come out of each one stronger than before. Below, we explore how the business has handled some of the major recessions and what Bittel believes is the right course of action for doing so.

Born and raised in Miami, Bittel was a product of the Miami-Dade County public school system, attending from first grade through to his senior year of high school. Seeking experiences vastly different from what he had grown up with, Bittel decided to attend university in Maine at the highly selective liberal arts school Bowdoin College. A fish out of water, although he initially felt overwhelmed by the demand for academic rigor of a private university in comparison to his public school education, he was eventually able to adapt to the school’s demands and graduated magna cum laude from the university in 1978 with a degree in economics. During his final year at the college, Bittel was awarded the Thomas J. Watson Fellowship, a grant that enables graduating seniors to pursue a year of independent study outside the United States.

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