Episode Summary
In this episode of Data to Deals, host Geordie Wardman sits down with Steve Timmel, a Senior Vice President at CBRE with over 40 years of experience in investment sales. Focusing on the power of long-term perspective, Steve provides a seasoned veteran’s view on how to navigate the shifting sands of the commercial real estate market.
Beyond mere transaction data, Steve dives deep into the philosophy of wealth, explaining the critical difference between how to find a commercial real estate mentor and how to sustain a multi-decade career. From the nuances of financial structuring to the importance of development feasibility, this episode is packed with actionable advice for brokers and investors aiming for the $2 billion club.
Topics list
- Wealth Philosophy: Why understanding whether you want to "get rich" or "stay rich" dictates your entire investment strategy.
- The Veteran's Edge: How 40 years at CBRE allows Steve to spot market patterns that others miss.
- Asset Strategy: A look at why industrial R&D and income-producing properties are the bedrock of a stable portfolio.
- Deal Mastery: How Steve navigated over $2.4 billion in career transactions by focusing on transparency and data.
- Team Building: Why elite investment sales requires a specialized, high-performing team rather than a solo approach.