JF3448: Blueprints for Growth: Navigating Real Estate Development ft. Eugene Gershman
The Best Ever CRE Show
Best Ever CRE
4.8 • 983 Ratings
🗓️ 12 February 2024
⏱️ 30 minutes
🧾️ Download transcript
Summary
In this episode, Joe Cornwell interviews Eugene Gershman, CEO of GIS Development Core, discussing real estate development, Gershman's entry into the field through his family business, the importance of planning and team expertise in projects, challenges faced, and the evolution of their business model focusing on partnerships and geographic diversification.
Key Takeaways:
- Eugene Gershman's journey in real estate began with a family business, highlighting the advantage of having a construction and development background.
- The importance of meticulous planning, team expertise, and not cutting corners in real estate development for project success.
- GIS Development Core's business model focuses on partnerships, leveraging land value, and strategic project planning to navigate market challenges and achieve growth.
Eugene Gershman | Real Estate Background
- CEO, GIS Development Corp
- Portfolio:
- 320 unit apartment in permitting
- 18-unit boutique mix use condo
- Based in: Bellevue, WA
- Say hi to him at:
- Best Ever Book: Oversubscribed by Daniel Priestley
- Greatest Lesson: Multiple delays and re-work due to incomplete design and coordination.
Sponsors:
Transcript
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| 1:05.0 | Quick disclaimer, the views and opinions expressed in this podcast are provided for informational purposes only and should not be construed as an offer to buy or sell any securities or to make or |
| 1:15.6 | consider any investment or course of action. |
| 1:18.8 | For more information go to best ever show.com. |
| 1:22.0 | That could easily range from 3 to 5 to 7 percent depending on the size of the project. |
| 1:26.0 | That contractor normally would charge. |
| 1:29.0 | In our case, we would roll it in and acquire equity in the project using death |
| 1:33.3 | contractors profit. |
| 1:34.3 | Welcome to the best ever show, the world's longest running daily commercial real estate |
| 1:38.8 | podcast. Our hosts interview commercial real estate experts every day to get you the best advice ever with none of the fluffy stuff. |
| 1:47.0 | Best ever listeners welcome to the best real estate and best advice ever show. |
| 1:50.6 | I'm your host Joe Cornwall and today I'm joined by Eugene Gershman. |
... |
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