801 arthur godfrey rd

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Privacy Statement

Privacy Statement

Website Terms of service and privacy policy



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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Stephen Bittel Maneuvers Terranova Through a Post-Pandemic World with $55 Million Refinance of Coral Gables Properties

The coronavirus pandemic and subsequent lockdowns brought about unprecedented changes to practically every industry. While the economic cycle has shown that over time it is to be expected that there will be periods of growth followed by periods of recession, the abrupt and sweeping shutdowns across nearly every country and sector made an impact unlike any we’ve seen before. As we round the corner on two years since COVID-19 first came into our radar there are still many unknowns as to what shape the future will take. Will outdoor dining be a part of our future forever? Will air travel ever be as simple as it once was? Is remote work the new normal or will there be a hybrid model?

The future of commercial real estate will inevitably be affected by the answers to all of these questions, and for Stephen Bittel this has meant maintaining a delicate balancing act. As chairman of the South Florida commercial real estate company Terranova Corporation, Bittel has acknowledged that work must be done to simultaneously sure up operations and finances while still remaining flexible and open to take advantage of any opportunities that may arise. It may feel safe for many business owners during times of economic downturns to simply seek shelter and wait there to weather the storm, but Bittel has recognized throughout his four decades of work within commercial real estate that times of uncertainty can also be advantageous if one knows how to react.

Case in point, Bittel’s work refinancing loans for Terranova Corporation’s urban retail properties, taking advantage of the historically low interest rates that have been available. The Miami-based company recently secured a $55 million refinance of its Miracle Mile portfolio in downtown Coral Gables, consolidating and replacing loans from three lenders on 14 properties, including 220 Miracle Mile, 300 Miracle Mile and 253 Miracle Mile. Additionally, just one month earlier Terranova refinanced its Marshalls/Lincoln Eatery building in Miami Beach with a $23 million loan, with the financing for all properties being provided by City National Bank. Bittel has said that the money will be used to repatriate some of the company’s capital, and also accommodate tenant improvements, as well as return some of its originally invested capital. While the economic damage caused by the coronavirus pandemic certainly isn’t an ideal scenario for any business owner, by seeing the time as an opportunity rather than detriment Bittel has set himself up for success.

Who is Stephen Bittel?

As founder and chairman of Terranova Corporation, Stephen Bittel is leader of one of the top commercial real estate firms in Florida. A native of Miami, Bittel was born and raised in The Sunshine State before moving up the eastern coast to attend Bowdoin College in Brunswick, Maine. Trading palm trees and sandy beaches for fall foliage and snow, he soon adapted to the initial culture shock of transitioning from a public school education to a highly selective private liberal arts school, and was able to thrive in the academically rigorous environment. During his senior year of university he applied for and was awarded the prestigious Thomas J. Watson Fellowship, a grant that enabled him to pursue a year of independent study outside of America, and Bittel spent a year traveling abroad researching the motivations behind European investment in the United States.


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