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Fried on Business: Miami Market Update and Impact of Covid-19 on MLB

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Episode 568: 6-10-20

Miami Market Update and Impact of Covid-19 on MLB

 

Jim Fried hosts residential real estate experts Jared Ringel to discuss the impact of Covid-19 on Downtown Miami.

Then Jim welcomes sports & entertainment specialists Jeffrey A. Glusman the practice director and longtime MLB player turned wealth advisor Scott Proctor of the Level Four Advisor Services team to get their insights on the impact of Covid-19 on major league baseball players.

 

About our Guests

Jared Ringel
Jared Ringel
Founding Agent,
The Atlas Team Compass Florida

 

 

 

 

 

 

 

 

 

 

A diligent and respected real estate professional with an expert command of the South Florida market, Jared brings passion, tenacity. Nothing excites Jared more about real estate than recognizing a client’s wants and needs and helping them bring their dreams to life. Passionate about architecture and design, he loves showing his clients the vast options available throughout South Florida, meeting new people and making lasting connections within the community. Specializing in single-family and condominium sales throughout Broward, Dade and Palm Beach Counties, Jared knows the South Florida market through and through. Known for his witty personality and friendly demeanor, Jared strives to make the home search process a fun and rewarding experience for his clients—and never stops until the job is done.

 

Jared began his real estate career in commercial leasing before finding his true passion for residential sales. While living in New York City after graduating from college, Jared knew he wanted to be involved in real estate in some way. He got his start as a commercial leasing agent, working on high-producing teams in NYC and New Jersey. While he enjoyed the experience, it lacked the intimacy and interaction with clients he was seeking. After successfully founding and running his own business for seven years, Jared sold his online platform and relocated with his family to South Florida, where he hit the ground running in the residential sales market. He is proud to count a long list of celebrities, athletes (NHL, MLB, NFL) and high-net-worth professionals among his loyal clientele.

 

When he’s not representing clients in real estate, Jared spends as much time as he can with his wife, Jeri, two amazing kids, Max and Ella, and dogs, Fiona and Marley and cat Coco. An ocean lover, he enjoys scuba diving and relaxing on the beach with his family. Jared holds a BA in American Studies from Rutgers University.

 

Jeffery Glusman
Jeffery A. Glusman
Practice Director
Level Four Sports & Entertainment 

Jeffrey Glusman is the Sports & Entertainment Practice Director for Level Four Advisory Services LLC. This division operates and covers all clients irrelevant of occupation, league and level of wealth along with the wealth advisor specialists in the division. He has been in the financial services industry since 2001. His focus is bringing comprehensive and highly customized personalized financial solutions to athletes and high-net-worth families. Jeffrey holds the professional designation of Chartered Retirement Planning Counselor (CRPC®).

 

Scott Proctor

Wealth Advisor

Proctor was drafted in the 17th round of the 1995 Major League Baseball draft by the New York Mets but decided to attend Florida State University, where he played for the Florida State Seminoles baseball team. Proctor made his Major League Baseball debut for the Yankees on April 20, 2004.  He then played for a number of teams including the LA Dodgers, Florida Marlins, Atlanta Braves, and more.   He now serves as a wealth advisor as part of the Level Four Sports & Entertainment team. 

 

Episode 568: 6-10-20

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Every successful business has an origin story—and so does Fried On Business. In this special Episode 880, Jim Fried takes listeners back to where it all began, sharing the story of how a commercial real estate professional found himself behind a microphone on 880 AM The Biz in Miami and eventually built one of South Florida's longest-running business programs.

Jim reflects on the early days of AM radio, when the opportunity to host a business show opened the door to conversations with entrepreneurs, developers, civic leaders, and innovators from across South Florida. What started as a local radio program grew into something much larger: a platform dedicated to connecting people, sharing ideas, and celebrating the region's business community.

The episode also chronicles the industry's transformation. As traditional radio evolved and 880 AM The Biz eventually went off the air, Fried On Business adapted by embracing podcasting and digital distribution. Jim explains how technology allowed the show to continue reaching audiences through streaming, social media, and podcast platforms while preserving the mission that inspired it from day one.

Along the way, Jim expresses gratitude to the producers, guests, sponsors, and listeners who helped make the journey possible. He shares behind-the-scenes stories from the show's early years, reflects on memorable moments, and discusses how broadcasting became an unexpected extension of his career in commercial real estate.

More than a history lesson, this episode is a reminder that careers often grow from opportunities we never planned. Sometimes saying "yes" to something unfamiliar opens doors that shape the next chapter of your life.

Whether you've listened since the radio days or recently discovered the podcast, Episode 880 celebrates the relationships, resilience, and curiosity that have defined Fried On Business for nearly two decades.

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

Every successful business has an origin story—and so does Fried On Business. In this special Episode 880, Jim Fried takes listeners back to where it all began, sharing the story of how a commercial real estate professional found himself behind a microphone on 880 AM The Biz in Miami and eventually built one of South Florida's longest-running business programs.

Jim reflects on the early days of AM radio, when the opportunity to host a business show opened the door to conversations with entrepreneurs, developers, civic leaders, and innovators from across South Florida. What started as a local radio program grew into something much larger: a platform dedicated to connecting people, sharing ideas, and celebrating the region's business community.

The episode also chronicles the industry's transformation. As traditional radio evolved and 880 AM The Biz eventually went off the air, Fried On Business adapted by embracing podcasting and digital distribution. Jim explains how technology allowed the show to continue reaching audiences through streaming, social media, and podcast platforms while preserving the mission that inspired it from day one.

Along the way, Jim expresses gratitude to the producers, guests, sponsors, and listeners who helped make the journey possible. He shares behind-the-scenes stories from the show's early years, reflects on memorable moments, and discusses how broadcasting became an unexpected extension of his career in commercial real estate.

More than a history lesson, this episode is a reminder that careers often grow from opportunities we never planned. Sometimes saying "yes" to something unfamiliar opens doors that shape the next chapter of your life.

Whether you've listened since the radio days or recently discovered the podcast, Episode 880 celebrates the relationships, resilience, and curiosity that have defined Fried On Business for nearly two decades.

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

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Artificial intelligence is transforming the way we work, communicate, and solve problems—but it also comes with new risks. In this episode of Fried On Business, Jim Fried explores a growing reality: AI is incredibly powerful, but it's also waiting to embarrass anyone who relies on it without careful review.

Drawing from real-life examples and personal observations, Jim shares several stories that demonstrate how AI-generated mistakes can damage credibility, create confusion, and undermine trust. From inaccurate information and fabricated details to poorly reviewed content and embarrassing public errors, the lesson is clear: AI is an extraordinary assistant, but it is not a substitute for human judgment.

Throughout the episode, Jim emphasizes that the greatest danger isn't the technology itself—it's overconfidence. Professionals who blindly accept AI-generated output without verifying facts, reviewing context, or applying critical thinking expose themselves to unnecessary risk. Whether drafting emails, preparing presentations, creating marketing content, or conducting research, the responsibility ultimately remains with the person using the tool.

Jim also discusses how AI can become a tremendous competitive advantage when used thoughtfully. The most successful professionals will combine artificial intelligence with experience, expertise, and common sense. Rather than replacing human decision-making, AI should enhance productivity while leaving final judgment in the hands of knowledgeable people.

Listeners will walk away with practical advice on using AI responsibly, protecting their reputation, and avoiding preventable mistakes. As artificial intelligence becomes integrated into everyday business, the organizations and individuals who maintain strong quality control will distinguish themselves from those who simply trust whatever the machine produces.

This episode is both entertaining and cautionary—a timely reminder that while AI can save you countless hours, it can also create lasting embarrassment if you stop thinking for yourself.

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

Artificial intelligence is transforming the way we work, communicate, and solve problems—but it also comes with new risks. In this episode of Fried On Business, Jim Fried explores a growing reality: AI is incredibly powerful, but it's also waiting to embarrass anyone who relies on it without careful review.

Drawing from real-life examples and personal observations, Jim shares several stories that demonstrate how AI-generated mistakes can damage credibility, create confusion, and undermine trust. From inaccurate information and fabricated details to poorly reviewed content and embarrassing public errors, the lesson is clear: AI is an extraordinary assistant, but it is not a substitute for human judgment.

Throughout the episode, Jim emphasizes that the greatest danger isn't the technology itself—it's overconfidence. Professionals who blindly accept AI-generated output without verifying facts, reviewing context, or applying critical thinking expose themselves to unnecessary risk. Whether drafting emails, preparing presentations, creating marketing content, or conducting research, the responsibility ultimately remains with the person using the tool.

Jim also discusses how AI can become a tremendous competitive advantage when used thoughtfully. The most successful professionals will combine artificial intelligence with experience, expertise, and common sense. Rather than replacing human decision-making, AI should enhance productivity while leaving final judgment in the hands of knowledgeable people.

Listeners will walk away with practical advice on using AI responsibly, protecting their reputation, and avoiding preventable mistakes. As artificial intelligence becomes integrated into everyday business, the organizations and individuals who maintain strong quality control will distinguish themselves from those who simply trust whatever the machine produces.

This episode is both entertaining and cautionary—a timely reminder that while AI can save you countless hours, it can also create lasting embarrassment if you stop thinking for yourself.

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

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Drawing on memories from the nation's Bicentennial celebration and his travels across the United States, Jim shares how experiencing America's people, communities, and landscapes reinforced his appreciation for the nation's diversity and resilience. He reflects on the remarkable ability of individuals from different backgrounds, beliefs, and experiences to come together under a shared commitment to liberty and opportunity.

Throughout the episode, Jim discusses why gratitude matters. While no nation is without challenges, he believes America's greatest strength has always been its willingness to innovate, adapt, and continually strive toward a better future. He explores the entrepreneurial spirit that has fueled generations of business owners, inventors, and dreamers, and explains why freedom creates the conditions for creativity, hard work, and economic opportunity.

Jim also reflects on the responsibilities that accompany those freedoms. Citizenship, community involvement, and respect for one another are essential to preserving the values that have allowed the country to prosper. He encourages listeners to celebrate not only America's history but also its ongoing potential.

Whether you're listening during the Fourth of July holiday or any other time of year, this episode serves as a reminder that optimism, gratitude, and civic responsibility remain powerful forces. Jim's message is ultimately one of appreciation—for the opportunities America provides and for the people who continue to build its future every day.

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

As America celebrates another Independence Day, Jim Fried takes a break from discussing markets, real estate, and business strategy to share something more personal—a heartfelt tribute to the country that has shaped his life and career. In this special episode of Fried On Business, Jim reflects on the freedoms, opportunities, and values that continue to make America extraordinary.

Drawing on memories from the nation's Bicentennial celebration and his travels across the United States, Jim shares how experiencing America's people, communities, and landscapes reinforced his appreciation for the nation's diversity and resilience. He reflects on the remarkable ability of individuals from different backgrounds, beliefs, and experiences to come together under a shared commitment to liberty and opportunity.

Throughout the episode, Jim discusses why gratitude matters. While no nation is without challenges, he believes America's greatest strength has always been its willingness to innovate, adapt, and continually strive toward a better future. He explores the entrepreneurial spirit that has fueled generations of business owners, inventors, and dreamers, and explains why freedom creates the conditions for creativity, hard work, and economic opportunity.

Jim also reflects on the responsibilities that accompany those freedoms. Citizenship, community involvement, and respect for one another are essential to preserving the values that have allowed the country to prosper. He encourages listeners to celebrate not only America's history but also its ongoing potential.

Whether you're listening during the Fourth of July holiday or any other time of year, this episode serves as a reminder that optimism, gratitude, and civic responsibility remain powerful forces. Jim's message is ultimately one of appreciation—for the opportunities America provides and for the people who continue to build its future every day.

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

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Every successful real estate transaction begins with a critical question: what is the best way to structure the deal? In this episode of Fried On Business, Jim Fried sits down with attorney Thomas J. Handler, Esq. to explore the legal, financial, and strategic considerations that drive effective real estate deal structuring.

Thomas explains that there is no one-size-fits-all solution. The ideal structure depends on the goals of the parties involved, the nature of the asset, the capital sources being used, and the risks each participant is willing to assume. From joint ventures and limited liability companies to preferred equity and complex capital stacks, every structure creates different incentives and outcomes.

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Jim and Thomas also explore the importance of alignment. A deal structure should not only work financially—it should support the long-term relationship among the parties involved. When expectations are clearly established at the outset, conflicts become less likely and opportunities become easier to pursue.

Listeners will gain practical insight into how experienced professionals evaluate risk, protect their interests, and create flexibility within a transaction. Thomas shares how legal preparation can help avoid costly disputes while preserving the value of a deal.

Whether you're an investor, developer, broker, entrepreneur, or simply interested in how sophisticated transactions come together, this episode offers valuable guidance on one of the most important aspects of real estate success.

The right property matters. The right financing matters. But as Thomas Handler explains, the right structure may matter most of all.

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

Every successful real estate transaction begins with a critical question: what is the best way to structure the deal? In this episode of Fried On Business, Jim Fried sits down with attorney Thomas J. Handler, Esq. to explore the legal, financial, and strategic considerations that drive effective real estate deal structuring.

Thomas explains that there is no one-size-fits-all solution. The ideal structure depends on the goals of the parties involved, the nature of the asset, the capital sources being used, and the risks each participant is willing to assume. From joint ventures and limited liability companies to preferred equity and complex capital stacks, every structure creates different incentives and outcomes.

The conversation focuses on how investors, developers, and business owners can think through ownership, governance, control, and liability before committing to a transaction. Thomas discusses common mistakes made during negotiations, including failing to clearly define responsibilities, profit distributions, dispute-resolution mechanisms, and exit strategies.

Jim and Thomas also explore the importance of alignment. A deal structure should not only work financially—it should support the long-term relationship among the parties involved. When expectations are clearly established at the outset, conflicts become less likely and opportunities become easier to pursue.

Listeners will gain practical insight into how experienced professionals evaluate risk, protect their interests, and create flexibility within a transaction. Thomas shares how legal preparation can help avoid costly disputes while preserving the value of a deal.

Whether you're an investor, developer, broker, entrepreneur, or simply interested in how sophisticated transactions come together, this episode offers valuable guidance on one of the most important aspects of real estate success.

The right property matters. The right financing matters. But as Thomas Handler explains, the right structure may matter most of all.

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

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Jim explains that change itself isn't the problem. The challenge lies in how people respond to it. Those who resist market realities often struggle, while those who remain flexible and disciplined discover opportunities hidden within disruption. Whether it's adjusting underwriting assumptions, reevaluating investment strategies, or embracing new ways of communicating with clients, adaptation has become a critical skill.

Throughout the episode, Jim discusses how maintaining perspective helps avoid emotional decision-making. Markets have always moved through cycles, and while today's conditions present unique challenges, history demonstrates that change also creates openings for those prepared to respond thoughtfully.

Listeners will learn practical approaches for staying ahead of market shifts, including improving communication, strengthening relationships, preserving flexibility, and continually reassessing assumptions. Jim emphasizes that adaptability does not require abandoning principles. Instead, it requires applying timeless fundamentals to evolving circumstances.

The conversation serves as a reminder that uncertainty can be a catalyst for innovation and growth. By embracing change rather than fearing it, professionals position themselves to lead rather than react.

Whether you're an investor, broker, developer, or business owner, this episode offers practical guidance for remaining resilient and effective through transition.

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

Real estate markets are constantly evolving, but today's pace of change feels different. Higher interest rates, shifting consumer expectations, new technologies, and changing capital dynamics are forcing industry professionals to adapt quickly. In this episode of Fried On Business, Jim Fried explores what it means to successfully navigate change in an increasingly unpredictable marketplace.

Jim explains that change itself isn't the problem. The challenge lies in how people respond to it. Those who resist market realities often struggle, while those who remain flexible and disciplined discover opportunities hidden within disruption. Whether it's adjusting underwriting assumptions, reevaluating investment strategies, or embracing new ways of communicating with clients, adaptation has become a critical skill.

Throughout the episode, Jim discusses how maintaining perspective helps avoid emotional decision-making. Markets have always moved through cycles, and while today's conditions present unique challenges, history demonstrates that change also creates openings for those prepared to respond thoughtfully.

Listeners will learn practical approaches for staying ahead of market shifts, including improving communication, strengthening relationships, preserving flexibility, and continually reassessing assumptions. Jim emphasizes that adaptability does not require abandoning principles. Instead, it requires applying timeless fundamentals to evolving circumstances.

The conversation serves as a reminder that uncertainty can be a catalyst for innovation and growth. By embracing change rather than fearing it, professionals position themselves to lead rather than react.

Whether you're an investor, broker, developer, or business owner, this episode offers practical guidance for remaining resilient and effective through transition.

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

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In business, we talk constantly about culture, integrity, and purpose — but where do those values actually come from? In this episode of Fried On Business, Jim Fried sits down with Rabbi Mendel Potash, Director of Midtown Chabad Miami, to explore how Jewish ethical tradition offers a powerful and practical framework for the way we work, lead, and build.

Jewish ethics aren't abstract theology. They are a living system — developed over thousands of years — that addresses exactly the tensions modern professionals face: How do you compete without compromising your character? How do you build wealth while honoring your obligations to others? How do you lead with authority and humility at the same time?

Rabbi Potash walks through core Jewish values like emet (truth), tzedakah (justice and generosity), and chesed (loving-kindness) and shows how each one applies directly to the decisions we make in business every day. Whether you're negotiating a deal, managing a team, or building a company, these principles offer guidance that no MBA program teaches.

Jim and Rabbi Potash also discuss what Jewish tradition says about the relationship between success and service — and why the two are not in conflict. The Torah doesn't discourage ambition. It channels it toward something greater.

Listeners will come away with a fresh lens for evaluating their own business conduct, along with practical questions to ask themselves before the next big decision.

Regardless of your background or faith, this conversation will challenge you to hold yourself to a higher standard — and show you why that standard has stood the test of thousands of years.

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

In business, we talk constantly about culture, integrity, and purpose — but where do those values actually come from? In this episode of Fried On Business, Jim Fried sits down with Rabbi Mendel Potash, Director of Midtown Chabad Miami, to explore how Jewish ethical tradition offers a powerful and practical framework for the way we work, lead, and build.

Jewish ethics aren't abstract theology. They are a living system — developed over thousands of years — that addresses exactly the tensions modern professionals face: How do you compete without compromising your character? How do you build wealth while honoring your obligations to others? How do you lead with authority and humility at the same time?

Rabbi Potash walks through core Jewish values like emet (truth), tzedakah (justice and generosity), and chesed (loving-kindness) and shows how each one applies directly to the decisions we make in business every day. Whether you're negotiating a deal, managing a team, or building a company, these principles offer guidance that no MBA program teaches.

Jim and Rabbi Potash also discuss what Jewish tradition says about the relationship between success and service — and why the two are not in conflict. The Torah doesn't discourage ambition. It channels it toward something greater.

Listeners will come away with a fresh lens for evaluating their own business conduct, along with practical questions to ask themselves before the next big decision.

Regardless of your background or faith, this conversation will challenge you to hold yourself to a higher standard — and show you why that standard has stood the test of thousands of years.

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

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