Search
 

Stiles Corp.'s Terry Stiles

'You're going to see things get back in balance.'

By Carl Cronan | Updated on April 12, 2009

Invest, build and manage are the new buzz words for Stiles Corp., a Fort Lauderdale-based family concern that touches on practically every commercial real estate sector in all of Florida’s major metropolitan markets. Terry Stiles, chairman and CEO, has been at the company helm since 1971 yet admits to unprecedented challenges in the current environment. He took time out recently to talk with GlobeSt.com about coping with the current downturn and getting ready for the eventual recovery.

GlobeSt.com: Last year was a tough one for your company, having to make job cuts after your best year ever in 2007. How bad was it for you?

Stiles: That was probably one of our toughest years. One of the reasons we had our best year ever was the incredible job we did with expanding Dolphin Stadium, a good job with a very short time horizon. We normally do about $230 million a year, and we only hit about two-thirds of that in 2008.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.