Bittel on Business Archives - Terranova

Cult Movie Director’s New Studio Is Latest Signal Of Miami Beach’s Pivot Away From Partying

admin — Fri, 13 Sep 2024 15:21:35 +0000

BISNOW, by Matthew Wasielewski – September 10th, 2024

WHILE TERRANOVA IS THE LANDLORD OF SOME OF MIAMI BEACH’S SWANKIEST RESTAURANTS, BITTEL SAID THOSE CULINARY DESTINATIONS ARE NOT THE ESTABLISHMENTS LOCAL RESIDENTS MOST OFTEN MENTION TO HIM.

“I’m astonished how many thanks I get for bringing Cheesecake Factory to the beach,” Bittel said, adding that he most likely gets the accolades from friends with children who live near the beach.

“Cheesecake Factory is obviously a very popularly priced restaurant, doing close to $1M a month in sales with no grand opening and no marketing,” he said. “And their core base is our local residents.”

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Florida’s CRE biggest headwind is small banks’ tightness for new debt: Terranova’s Stephen Bittel

admin — Tue, 16 Jan 2024 14:45:15 +0000

CNBC, THE EXCHANGE – December 28th, 2023

“We have never been more excited about our commercial real estate here (in Miami),” Stephen H. Bittel.

Stephen Bittel, Terranova founder, joins ‘The Exchange’ to discuss Florida’s commercial real estate outlook, where investors could find opportunities, and more.

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Pay It Forward: “Outwork Your Competition Consistently”

admin — Mon, 16 Jan 2023 16:55:49 +0000

ALM Globest.com, by Tasha Norman – January 11, 2023

Terranova Corp. founder and chairman Stephen Bittel has dedicated his life to building his business, while promoting the livelihood of his hometown through active involvement.

Stephen Bittel, 66, founder and chairman of Terranova Corp. in Miami Beach, FL. Stephen Bittel is a fixture in both the real estate industry and the community of Miami, FL. With deep roots in the southern coastal city, Bittel has dedicated his life towards not only building his business to be one of the top commercial real estate firms in South Florida (for which in 2005 he was awarded the South Florida Business Journal “Ultimate CEO” award), but also promoting the livelihood of his hometown through his active involvement in it.

Area of expertise or focus: Commercial real estate and private equity investments/capital markets.

How have you overcome obstacles in your industry? The best way to overcome any obstacle in this industry is to build a team with a shared commitment to excellence and a joint belief in consistent hard work.

What about your current role at the company are you most happy with? I am very proud of the senior leadership team we have built over the years. Everyone is well aligned, enabling us to achieve the best results possible in a constantly shifting and challenging market.

What is the best piece of advice you have received that has helped you succeed in your industry, and do you have any advice specifically for the next generation? A common misconception — but balance is not a lifestyle. It is something that happens in a bank account after a lot of hard work. My advice is to outwork your competition consistently so you can outperform them again and again.

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