South Florida’s Top Business Podcast

Akerman’s Annual Real Estate Summit

SHARE

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Episode 209: 04-18-2013

We spend the hour speaking with the key presenters from the Akerman Senterfitt Annual Real Estate Summit. Hear what the insiders heard at this invitation-only event.

Thank you to our friends at Akerman Senterfitt for allowing this presentation!

Institutional Market Overview

Len O’Donnell
President & COO
USAA Real Estate

Len O’Donnell is currently the president and chief operating officer for USAA Real Estate. Effective May 1, 2013, Len will assume the position of CEO of USAA Real Estate and be responsible for all of the day-to-day activities of the company, overseeing a portfolio of real estate projects that exceeds $12 billion, including office buildings, industrial projects, land holdings, shopping centers, and hotels. USAA Real Estate Company provides co-investment, acquisition, build-to-suit, and development services for corporate and institutional investors. USAA Real Estate is a subsidiary of USAA, a leading financial services company. Len has over 25 years of extensive real estate experience, serving as president and CEO of Crimson Capital Ltd. and principal of Crimson Real Estate Fund, based in Houston. Prior to Crimson, Len spent 10 years as a leading investment sales broker in Washington, D.C.

Office Investing – Value Add

Darryl W. Parmenter
Chairman & CEO
Parmenter Realty Partners

Darryl Parmenter formed Parmenter Realty Partners in 1989, and capitalizing on his 35 years of expertise has been integral to the firm since its founding. As chairman and CEO, Darryl directs the company’s executive team and oversees property acquisition, development, and disposition of real estate assets. Since its inception, the company has acquired, managed, or developed real estate assets valued in excess of $2 billion. Prior to forming Parmenter Realty Partners, Darryl was a managing partner for 10 years with Lincoln Property Company. In that capacity, he directed the development, management, and property acquisition program for assets valued in excess of $400 million. Among these developments was 701 Brickell Avenue, a 750,000-square-foot, 33-story building in Miami, Florida, where Parmenter Realty Partners is now headquartered. Darryl is an active member of the Urban Land Institute on which he is a Governor, and also served in the Marine Corps with combat command, reaching the rank of Captain.

Eric Rapkin
Shareholder
Akerman Senterfitt

Eric Rapkin has a full-service commercial real estate practice, including the leasing, financing, acquisition, and disposition of office buildings, shopping centers, hotels, and industrial properties for developers, retailers, and institutions, with a strong concentration in major commercial leasing transactions. Eric has been recognized by The Best Lawyers in America and The Legal 500 as a leading Real Estate Transactions and Finance law practitioner in Florida.

Lodging and Hospitality

Andrew S. Robins
Lodging & Lifestyle Practice Chair
Akerman Senterfitt

Andrew Robins has over 20 years of experience advising owners, operators, and developers of hotels, resorts, and mixed-use real estate developments throughout the United States and around the world. He also assists governmental institutions in the development of tourism destinations, the privatization of tourism facilities, the development of fiscal and monetary incentives for tourism development, and the creation of financing mechanisms to supplement tourism development initiatives. Recognized within the hospitality industry as a leading authority on structuring mixed-use resort projects, including hotels, branded residences, rental programs, shared ownership, and clubs, Andy has counseled leading hotel operators on risks associated with evolving lodging products and branding activities as well as complexities associated with branded mixed-use real estate developments.

Market Conditions

Richard Sinkuler
Global Real Estate Markets Leader
Ernst & Young

Rick Sinkuler serves as Ernst & Young’s Global Markets Leader for the real estate practice, which serves more than 4,000 real estate owners/developers, investors, and corporate occupiers worldwide. He has over 24 years of real estate industry experience which encompasses a broad range of assignments including valuation, market analysis, financial restructuring, litigation support, and transaction due diligence. He focuses on all property types, especially large-scale, complex projects and portfolios. Rick has been involved in many significant real estate engagements including serving as a national consultant to the U.S. Department of Housing and Urban Development (HUD) and as the financial advisor for the sale of Illinois’ second largest homebuilder and the disposition of a prominent Chicago hotel.

Richard Bezold
Real Estate Practice Group Chair
Akerman Senterfitt

Richard Bezold is the Akerman Real Estate Practice Group Chair. He has more than 25 years of experience representing clients in the acquisition, development, and financing of office buildings, medical facilities, shopping centers, senior living facilities, multifamily, industrial, and hotel properties. He has served as the lead real estate attorney on numerous national corporate merger and acquisition transactions including those in the automobile, hospitality, rental car, security, and solid waste industries. Richard’s broad range of experience includes commercial landlord and tenant representation, public-private partnerships, infrastructure development, distressed loan and property workouts, and analysis of hazardous material contamination for the acquisition, operation, and clean-up of real property. Board Certified by The Florida Bar in Real Estate, Richard has been recognized by The Legal 500 as one of the leading real estate lawyers in Florida.

Episode 209: 04-18-2013  (To download, right-click and select “Save Link As”.)

Recent Posts

Follow Us

Watch Recent Episode

Neilah Explained: The 'Locking' Moment at Yom Kippur's End

#YoumKippur
#Spirituality

Jim Fried 153 views September 17, 2026 2:35 pm

What exactly is Yom Kippur, why do Jews fast, and what makes it the holiest day on the Jewish calendar?

In Episode 889 of Fried On Business, Rabbi Mendel Potash returns for the second of two special High Holiday conversations with Jim Fried. After explaining Rosh Hashanah in Episode 888, Rabbi Potash now walks listeners through the history, meaning, prayers, and traditions of Yom Kippur—the Day of Atonement.

The conversation begins with the biblical origins of the holiday. Rabbi Potash explains the story of Moses, the Golden Calf, the second set of tablets, and how Yom Kippur became associated with forgiveness and the restoration of a relationship with God.

Jim and Rabbi Potash then explore the major moments of the holiday. They discuss Kol Nidrei and its emphasis on approaching the day together as one people, regardless of background or level of observance.

They also address the question nearly everyone asks: Why fast?

Rabbi Potash explains that the approximately 26-hour fast is intended to temporarily move attention away from physical needs so that people can focus on the spiritual side of themselves and reconnect with what matters most.

The conversation also examines Neilah, the final prayer service, which Jim describes through his own powerful image of passing through the closing gates at the end of Yom Kippur.

For those who have lost parents or close family members, they discuss Yizkor—the memorial prayer and the importance of remembering and elevating the souls of those who came before us.

Finally, they talk about breaking the fast and the joy that follows a day devoted to reflection, forgiveness, and renewal.

The goal of the episode is simple: to help Jewish and non-Jewish listeners alike better understand Yom Kippur—and, in doing so, help bring the community closer together.

Fried On Business is proudly presented by Warren Henry Automotive.

🎙️ New to streaming or looking to level up? Check out StreamYard and get $10 discount! 😍 https://streamyard.com/pal/d/6126418013716480 Yom Kippur Judaism's Holiest Day Explained with Rabbi Mendel Potash

Yom Kippur Judaism's Holiest Day Explained with Rabbi Mendel Potash

Jim Fried 38 views September 16, 2026 4:34 pm

Rosh Hashanah is one of the most important dates on the Jewish calendar, but many people who work alongside Jewish colleagues, clients, friends, and business partners may not fully understand what the holiday means—or what is appropriate to say or do. In Episode 888 of Fried On Business, Jim Fried sits down with Rabbi Mendel Potash for an accessible conversation: “Everything You Need to Know About Rosh Hashanah (But Were Afraid to Ask).”

Rosh Hashanah, literally “head of the year,” marks the Jewish New Year. In 2026, it begins at sundown on Friday, September 11, and ends after nightfall on Sunday, September 13. But Rabbi Potash explains why it is much more than a Jewish version of New Year’s Eve. It combines celebration with judgment, reflection, accountability, prayer, and renewal.

Jim and Rabbi Potash unpack familiar traditions including the sounding of the shofar, apples and honey, and round challah, while exploring the deeper meaning behind them. They discuss Rosh Hashanah as the beginning of the Days of Awe leading toward Yom Kippur, along with teshuvah—the idea of repentance, return, and course correction.

The conversation then moves into the business world. What can leaders learn from setting aside a dedicated time each year to examine their decisions, relationships, priorities, and conduct? Jim and Rabbi Potash discuss ethical leadership, personal accountability, and the value of giving yourself an annual reset.

They also offer practical guidance for anyone who wants to be respectful of Jewish employees, colleagues, partners, and clients: how to acknowledge the holiday, what “Shanah Tovah” means, how scheduling considerations matter, and why thoughtful inclusion can strengthen relationships.

Whether you are Jewish, work with Jewish colleagues, or simply want to understand one of Judaism’s most significant holidays, this episode offers an approachable introduction to the traditions, meaning, and universal lessons of Rosh Hashanah. It is timely, practical, welcoming, and designed for everyone.

Fried On Business is proudly presented by Warren Henry Auto Group.

🎙️ New to streaming or looking to level up? Check out StreamYard and get $10 discount! 😍 https://streamyard.com/pal/d/6126418013716480 Everything You Need to Know About Rosh Hashanah (But Were Afraid to Ask)" with Rabbi Mendel Potash

Everything You Need to Know About Rosh Hashanah (But Were Afraid to Ask)" with Rabbi Mendel Potash

Jim Fried 219 views September 9, 2026 4:30 pm

Miami is transforming before our eyes, and few people have had a closer view of that transformation than architect Kobi Karp. In Episode 887 of Fried On Business, Jim Fried sits down with his longtime friend to discuss the evolution of South Florida, the future of development, and what makes Miami’s rapidly changing neighborhoods unique.

Karp sees Florida as exceptionally well positioned to continue attracting people from across the United States and around the world—not simply for sea, sun, and sand, but for living, education, research, business, and opportunity.

Jim and Kobi explore how South Florida is increasingly becoming a collection of what Jim calls “vertically integrated city states.” Coconut Grove, Miami Beach, Aventura, Fort Lauderdale, West Palm Beach, and other communities are developing increasingly distinct identities and amenities. At the same time, transportation infrastructure such as Brightline is creating new connections between them.

Kobi explains how architecture must respond to those individual communities. A mixed-use project in West Palm Beach’s Northwood District demands a completely different approach from an ultra-luxury oceanfront development in Surfside. Successful design considers not only what a developer or buyer wants, but what the surrounding community needs—from retail and public spaces to beach access and municipal infrastructure.

The conversation also turns toward Miami’s growing skyline. Kobi discusses the realities of designing taller buildings, FAA height restrictions, and why modern projects need connectivity on every side rather than traditional “front” and “back” orientations.

They also reflect on the extraordinary evolution of Downtown Miami, Brickell, Sunny Isles Beach, Surfside, and other neighborhoods that have fundamentally changed during their careers.

And when Jim finally asks Kobi to name his favorite projects, the architect gives an unexpected answer: his two sons.

It’s a conversation about architecture, family, community—and building the future of South Florida.

Fried On Business is proudly presented by Warren Henry Automotive. Starchitect Kobi Karp predicts Miami's future as a metropolis

Starchitect Kobi Karp predicts Miami's future as a metropolis

Jim Fried 12 views September 2, 2026 4:47 pm

“The only constant in business is change” sounds great on an office wall. But how many businesses actually operate that way? In Episode 886 of Fried On Business, Jim Fried explains why accepting change is one of the most important skills in business—and why waiting until change has already happened can leave you permanently behind.

Jim starts with Rabbi Gopin and the remarkable evolution of Chabad in Midtown Miami. What began with a rabbi walking through Wynwood knocking on warehouse doors has grown into a major organization requiring not only spiritual leadership, but executive leadership, delegation, education, outreach, and an expanding team. For Jim, it is a powerful example of embracing change rather than resisting it.

The same principle applies throughout business. AI suddenly dominates conversations. Interest rates shift. Legislation changes. Capital moves. Retail real estate went from a distressed sector to one of the hottest areas in the market, while equity capital that once seemed plentiful has become difficult to raise.

Jim argues that businesses need “slack resources” to survive these transitions: cash reserves, strong relationships, flexible team members, and enough breathing room to respond when circumstances change. In real estate, cash can allow a developer to wait out a market cycle rather than make a desperate decision.

But resources alone are not enough. Change requires leadership.

Jim explains how his own competitive advantage has evolved. Information once came from reading more newspapers and magazines than everyone else. Today, information moves instantly. The new edge comes from face-to-face relationships, problem solving, natural intelligence, and using AI as a tool rather than a substitute for judgment.

Even Fried On Business has continually evolved—from terrestrial radio to Zoom during COVID and ultimately into today's shorter, digital podcast format.

Jim's bottom line: know who you are, recognize change early, build flexibility into your business, and begin evolving before circumstances force you to.

Fried On Business is proudly presented by Warren Henry Automotive.

🎙️ New to streaming or looking to level up? Check out StreamYard and get $10 discount! 😍 https://streamyard.com/pal/d/6126418013716480 Embrace Change or Get Left Behind: Jim Fried’s Business Survival Strategy

Embrace Change or Get Left Behind: Jim Fried’s Business Survival Strategy

Jim Fried 6 views August 26, 2026 8:17 pm

"The Secret to Staying Inspired in Miami Real Estate"

#Mentorship #Inspiration #MiamiRealEstate

Jim Fried 0 views August 21, 2026 2:27 pm

Inspiration rarely arrives on command. When work becomes repetitive, markets slow down, or the summer heat drains your energy, waiting for motivation can leave you stuck. In Episode 885 of Fried On Business, Jim Fried explains why professionals and entrepreneurs need to build their own “inspiration infrastructure”—a repeatable system that generates positive energy, focus, and forward momentum.

Jim begins by asking whether inspiration is merely nice to have or essential to long-term business success. His answer is clear: inspiration is a practical defense against burnout. It fuels the personal engine that helps people take action, connect with others, and continue moving when circumstances feel discouraging.

For Jim, inspiration often comes from helping other people advance. Mentoring younger professionals, introducing people to opportunities, participating in the community, and encouraging others all create energy that returns to him. He also emphasizes surrounding yourself with positive, interesting people who challenge, support, and reinvigorate you.

But inspiration should not depend entirely on chance encounters. Jim recommends creating concrete practices that work when your energy is low. Stay curious. Keep learning. Start somewhere when the task list feels overwhelming. Put one foot in front of the other. Reflect through journaling, recording, or another personal outlet. Maintain a record of your accomplishments so you can remember how many opportunities appeared before you even knew they existed.

Jim shares his own “positive energy file,” filled with letters, communications, awards, and reminders of meaningful accomplishments. When he needs encouragement, that file reconnects him with the value he has created.

He also follows a “no bad energy person” rule, regularly evaluating which relationships elevate him and which ones drain momentum.

The message is practical: do not wait to feel inspired. Build the people, habits, records, and routines that help you create inspiration whenever you need it and keep your best qualities in motion.

This episode of Fried On Business is brought to you by our presenting sponsor, Warren Henry Auto Group.

🎙️ New to streaming or looking to level up? Check out StreamYard and get $10 discount! 😍 https://streamyard.com/pal/d/6126418013716480 Build Your Own Inspiration Infrastructure

Build Your Own Inspiration Infrastructure

Jim Fried 5 views August 19, 2026 4:16 pm

Cash Is King: Build Opportunistic Capital keep your business safe & take advantage of opportunities

Jim Fried 303 views August 15, 2026 7:31 pm

Nobody knows exactly what comes next. Interest rates could fall—or stay elevated. The economy could slow. Artificial intelligence could transform your industry faster than expected. Consumer confidence, inflation, labor markets, and demographics can all change. In Episode 884 of Fried On Business, Jim Fried explains why successful business owners don't need to predict every outcome. They need to build businesses capable of surviving when their predictions are wrong.

Jim's central message is simple: the biggest mistake isn't making the wrong prediction. It's building a business that only works if that prediction comes true.

Using today's real estate market as an example, Jim examines investors who expected interest rates to fall, values to rebound, and capital to become easier to access. Instead, higher borrowing costs have trapped equity in older deals, complicated exits, and left some otherwise viable projects unable to move forward.

So how should business owners respond?

Jim lays out a practical survival guide built around scenario planning, liquidity, flexibility, and leadership. What happens if revenue drops 10%, 20%, or 30%? What if interest rates remain high for another three years? Where can expenses be reduced without damaging the business? Could you act immediately if an extraordinary opportunity appeared?

Jim also tackles AI, arguing that it's another powerful tool businesses must learn to incorporate rather than fear. Technology can generate ideas and improve efficiency, but relationships, experience, communication, and the ability to overcome objections still matter.

Above all, Jim emphasizes preserving "opportunistic capital"—resources that remain available when changing conditions suddenly create opportunity.

The goal isn't simply preparing for the downside. Great businesses remain ready for the upside, too.

Uncertainty is unavoidable. Being unprepared isn't. Jim's message to business owners is to stress-test assumptions, conserve resources, remain flexible, and build a company capable of moving when tomorrow arrives.

This episode of Fried On Business is brought to you by our presenting sponsor, Warren Henry Auto Group.

🎙️ New to streaming or looking to level up? Check out StreamYard and get $10 discount! 😍 https://streamyard.com/pal/d/6126418013716480 Stop Predicting the Future: Build a Business Ready for Anything

Stop Predicting the Future: Build a Business Ready for Anything

Jim Fried 4 views August 12, 2026 4:59 pm