“Without a doubt, the toughest challenge occurred with the economic crash of the late 1980s. It might seem like ancient history, but it changed our business in ways that are still being felt today—particularly in the areas of underwriting and the lack of speculative development. The crash was caused by the convergence of a tax law that gutted the advantages of real estate ownership, a savings and loan crisis, a banking crisis, an oil glut, and a recession. No one could have been conservative enough to come out of this real estate crash unscathed. No one—and I mean no one—was interested in Texas real estate during this period. Still, I founded my company in the middle of the downturn, and the lessons we learned taught us not only how to survive but how to succeed.”
Get the D CEO Newsletter
Stay up to speed on DFW’s fast-moving business community with weekly news reports, interviews, and insights.
Related Articles
Sports News
Greg Bibb Pulls Back the Curtain on Dallas Wings Relocation From Arlington to Dallas
The Wings are set to receive $19 million in incentives over the next 15 years; additionally, Bibb expects the team to earn at least $1.5 million in additional ticket revenue per season thanks to the relocation.
By Ben Swanger
Arts & Entertainment
Finding The Church: New Documentary Dives Into the Longstanding Lizard Lounge Goth Night
The Church is more than a weekly event, it is a gathering place that attracts attendees from across the globe. A new documentary, premiering this week at DIFF, makes its case.
By Danny Gallagher
Football
The Cowboys Picked a Good Time to Get Back to Shrewd Moves
Day 1 of the NFL Draft contained three decisions that push Dallas forward for the first time all offseason.