David and Jared Friedman, Co-CEO’s of Friedman Real Estate, recently discussed family business succession on CBRE’s The Weekly Take podcast, in an episode titled “Who’s Next: Leading family-run firms through change, succession“.
Hosted by Spencer Levy, the podcast featured a panel discussion at an ICSC Detroit event, including David Schostak, CEO of Schostak Brothers & Company. The conversation centered on the challenges and opportunities of transitioning leadership in family-owned real estate firms.
Key Discussion Highlights
- Succession Planning: David Friedman emphasized establishing governance for a smooth transition to the next generation.
- Generational Dynamics: Jared Friedman shared his experiences navigating family and business roles, stressing collaboration.
- Business Philosophy: David Friedman highlighted Friedman Real Estate’s focus on long-term relationships and community impact.
- Challenges and Opportunities: The discussion included navigating market cycles and maintaining financial stability.
- Growth: Jared Friedman detailed Friedman Real Estate’s expansion into S&F Capital and ground-up construction to enhance client services.
Advice for Entrepreneurs
- Jared Friedman advised aspiring business owners to be prepared for significant responsibility and challenges.
- David Friedman underscored the rewards of building a legacy.
Listen to the full episode here: https://www.cbre.com/insights/podcasts/2025-ep16-whos-next
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