#328 - Herb Weitzman - Executive Chairman @ Weitzman -The King of Texas Retail

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 We'd appreciate you filling out our audience survey, so we can continuously work on providing relevant content to our listeners.  https://www.thefortpod.com/survey Links Weitzman Support our Sponsors RE Cost Seg: https://bit.ly/3oC7JcY Better Pitch: https://bit.ly/42d9L0I Fort Capital: https://bit.ly/FortCapital Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Chris on Social Media: Twitter: https://bit.ly/3BYIjcH LinkedIn: https://bit.ly/45gIkFd   Watch The Fort on YouTube: https://bit.ly/3oynxNX Visit our website: https://bit.ly/43SOvys Leave a review on Apple: https://bit.ly/45crFD0 Leave a review on Spotify: https://bit.ly/3Krl9jO  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? The FORT is produced by Johnny Podcasts