#328 - Herb Weitzman - Executive Chairman @ Weitzman -The King of Texas Retail The Fort - An Entrepreneurship Podcast

Herb 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


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Topics:
(00:00:00) - Intro
(00:04:06) - Herb’s career in RE
(00:16:02) - Timeless lessons for being successful in RE
(00;16:42) - Future growth for DFW
(00:18:18) - The opportunity to buy 25% of Highland Park Village for $100k
(00:22:21) - What it takes to see the future potential of a market
(00:24:38) - Starting Weitzman
(00:33:10) - Experiencing the 80’s Savings and Loan Crisis
(00:42:08) - Raising capital
(00:43:45) - Why have you chosen to stay exclusively in Texas?
(00:49:30) - Leadership philosophies
(00:52:25) - What makes a great retail deal and what do people get wrong?
(00:55:01) - Suburban vs. urban retail
(00:59:22) - Ikea
(01:00:53) - The importance of relationships in retail
(01:05:33) - Thoughts on construction pricing
(01:10:02) - What areas of DFW are going to explode over the next 10 years?
(01:12:50) - Innovation in retail
(01:19:44) - What does work look like for you today?

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