DevelopLex

In this episode, we sat down with Clarence Cundiff, a seasoned real estate investor and appraiser. Clarence shares his unique journey into real estate, his extensive experience with appraisals, and his investments in commercial properties. Dive into the nuances of property valuation, the challenges and opportunities in the Lexington real estate market, and insights into future development. Clarence also discusses his foray into property development and the intricate process of appraisals for large-scale projects, making this episode essential for real estate enthusiasts and professionals. Don’t miss Clarence’s expert tips on navigating the ever-evolving real estate landscape.

00:00 Introduction to Clarence Cundiff

00:50 Clarence's Journey into Real Estate

03:36 Understanding the Appraisal Process

06:36 Challenges and Changes in Appraising

10:20 Clarence's Real Estate Investments

15:59 Becoming a Developer

20:00 Renovation Costs and Inflation Impact

20:21 Valuation and Lending Issues

21:04 Craftsman Contractors Advertisement

21:36 Appraisal Process Insights

29:35 Challenges in Land Valuation

37:04 Lexington's Real Estate Market

38:06 Conclusion and Contact Information

⁠⁠Subscribe to the DevelopLex newsletter here⁠⁠⁠⁠

Hosted by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Weston Lockhart⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ross Boggess⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

DevelopLex is proud to be supported by:

⁠⁠⁠Community Trust Bank⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠SVN Stone Commercial Real Estate⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Craftsmen Contractors⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Learn more about Middle Tech and our network of shows at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠MiddleTech.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Intro music by SmithTheMister

In this episode, we welcome Doug Gibson, a distinguished member of the Gibson Company and a pivotal figure in the development of Lexington, Kentucky. Doug shares his extensive experience as a commercial realtor, discussing his involvement in the city’s organized real estate activities and major developments like the IBM and Toyota plants. He emphasizes the importance of quality of life and maintaining Lexington's unique character amidst growth. Doug also offers advice for aspiring professionals and reflects on the collaborative and evolving nature of Lexington’s real estate industry.

00:00 Introduction and Guest Welcome

00:44 Doug Gibson's Early Life and Career Beginnings

01:43 The Evolution of Real Estate in Lexington

03:12 Lexington's Growth and Development

05:02 Impact of Major Industries on Lexington

11:10 Toyota's Influence on Central Kentucky

12:21 The Bourbon Industry's Resurgence

22:27 Transylvania University's Historical Significance

26:49 The Rise of Commercial Real Estate

30:47 The Evolution of Real Estate Education

32:17 The Importance of Property Management

33:47 Changes and Constants in the Real Estate Industry

41:31 The Birth of Commercial Real Estate Brokerage

45:52 Toyota's Impact on Lexington

52:22 Advice for the Next Generation

⁠Subscribe to the DevelopLex newsletter here⁠⁠

Hosted by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Weston Lockhart⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ross Boggess⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

DevelopLex is proud to be supported by:

⁠Community Trust Bank⁠

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠SVN Stone Commercial Real Estate⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Craftsmen Contractors⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Learn more about Middle Tech and our network of shows at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠MiddleTech.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Intro music by SmithTheMister

In this episode of DevelopLex, we welcome Luther Deaton, the chairman, president, and CEO of Central Bank, to share his incredible journey from humble beginnings in Breathitt County to becoming a prominent business leader in Lexington, Kentucky. Luther discusses his early life, entry into the banking industry, and his profound impact on the community through various charitable organizations. He also sheds light on the changes in banking over the decades and the importance of public-private partnerships in addressing Lexington's affordable housing crisis. Tune in to learn about his leadership philosophy, community involvement, and vision for the future of Lexington.

In this episode of DevelopLex, hosts Ross and Weston hold a round table discussion touching on various topics related to real estate in Lexington.

⁠Subscribe to the DevelopLex newsletter here⁠

00:00 Welcome to the Developlex Round Table

00:10 Ross's Return and Podcast Goals

01:43 Personal Updates: Real Estate and Home Life

02:19 Retail Real Estate Focus

03:55 Mixed Income Housing Projects

06:04 Lexington's Quality of Life

08:20 Commercial Real Estate Advice

13:55 Mentorship and Community Building

16:40 Lexington's Development Challenges

24:01 Vision for Lexington's Future

30:18 Call to Action and Closing Remarks

Hosted by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Weston Lockhart⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ross Boggess⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

DevelopLex is proud to be supported by:

Community Trust Bank

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠SVN Stone Commercial Real Estate⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Craftsmen Contractors⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Learn more about Middle Tech and our network of shows at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠MiddleTech.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Intro music by SmithTheMister

This week we were thrilled to welcome on the founders of Bluegrass Hospitality Group, Bruce Drake and Brian McCarty
Bluegrass Hospitality Group consists of Malones, Drakes, Harry’s, and OBC Kitchen and has scaled into a powerhouse restaurant brand across the Southeast, all run from Lexington, KY where the founders are vital members of the community.
Bruce and Brian discussed with us the inception of the concept of BHG, hard learnings through failure and trials along the way, and their expansion strategy and big picture thinking for the company and how that fits into Lexington.

In this episode, we sit down with Wes Murry, an entrepreneur and investor known for his strategic involvement in diverse ventures across Lexington and beyond. Wes discusses his move from Lancaster to Lexington, his initiation into the hedge fund world, and his extensive experience in real estate development. He also shares insights into his approach to investment and his commitment to enhancing community spaces through thoughtful development. The conversation illuminates Wes's entrepreneurial spirit and his ability to transform vision into substantial community value. Join us as Wes provides a glimpse into the mindset and mechanics behind his successful projects, from the revitalization of historic sites to the creation of new community landmarks.

Hosted by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Weston Lockhart⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠Subscribe to the DevelopLex newsletter here⁠⁠⁠⁠⁠⁠⁠

DevelopLex is proud to be supported by:

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠SVN Stone Commercial Real Estate⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Craftsmen Contractors⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Learn more about Middle Tech and our network of shows at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠MiddleTech.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Intro music by SmithTheMister

On this weeks episode, we were stoked to welcome on Mike Hynes, President and CEO of Winterwood.

Winterwood Development, part of a family-owned business that has been serving families for over 40 years, is committed to developing high-quality housing throughout our region. The offer a variety of services but where we spent most of our time on in this episode was the significant issues Lexington (and beyond) is having in trying to address affordability in the housing sector. 

Specifically, we talked about case scenarios of affordable housing development and how that relates to Lexington, policy, and the feasibility of solution based thinking in our city.

Hosted by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Weston Lockhart⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠Subscribe to the DevelopLex newsletter here⁠⁠⁠⁠⁠⁠

DevelopLex is proud to be supported by:

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠SVN Stone Commercial Real Estate⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Craftsmen Contractors⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Learn more about Middle Tech and our network of shows at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠MiddleTech.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Intro music by SmithTheMister

Daren Turner is a seasoned entrepreneur and CEO whose roots are firmly planted in Lexington, Kentucky. His 27 years of marriage to Kirsten and their three children, Seth, Hadley, and Luke, reflect his commitment to family and community ties in his hometown.

Transitioning into leadership roles at Amteck in 1992, Daren rapidly absorbed the business side. Taking the helm in 2000, he drove impressive growth through strategic acquisitions and championing innovation. After selling to private equity in 2015, his unwavering dedication saw him reacquire Amteck in 2020 and orchestrate another successful sale in 2021 while remaining CEO.

Parallel to his electrical business successes, Daren has carved out a formidable real estate development career spanning residential, office, industrial, senior living, and more. His current project, The Commons, channels his passion for real estate into transforming Lexington's skyline, integrating mixed-use innovation to invigorate the urban experience. It's a project close to his heart, aiming to unite work, leisure, and community in a vibrant, sustainable development reflective of Lexington's spirit.

We were able to discuss the steps in getting infill redevelopment projects done in Lexington, large scale mixed use development and the hurdles that coincide, as well as pockets of Lexington with the most upside.

Hosted by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Weston Lockhart⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠Subscribe to the DevelopLex newsletter here⁠⁠⁠⁠⁠

DevelopLex is proud to be supported by:

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠SVN Stone Commercial Real Estate⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Craftsmen Contractors⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Learn more about Middle Tech and our network of shows at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠MiddleTech.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Intro music by SmithTheMister