Transforming the Real Estate Landscape with Peter Cocoziello
Peter Cocoziello is chairman, founder, and CEO of Advance Realty Investors, a company specializing in real estate development, construction, and property management. Over decades of fluctuating market cycles, Peter led Advance Realty to service major corporations with build-to-suit developments, including G.H. Bass, Phillips Van Heusen, Allied Beverage, FedEx, Bayer, and United National Bank.
In this episode, Peter shares how he launched Advance with only $5,000, and then both entered and eventually dominated various real estate verticals in the northeast. He also discusses how the Penn State Cocoziello Institute of Real Estate Innovation is supporting cross-disciplinary collaboration, and what technological innovations mean for the future of the real estate industry.
Episode Chapters
1:53 – 3:32 From humble beginnings in the small town of Fairchance
3:32 – 8:12 The business of a paper route
8:12 – 9:41 From failing exams to becoming an honors finance student
9:41 – 12:37 The banking world as a foray into real estate
12:37 – 17:39 Launching Advance Realty with $5,000
17:39 – 19:42 Entering various real estate verticals
19:42 – 21:27 Taking advantage of the market environment
21:27 – 25:32 Build to suit and buy to suit real estate market
25:32 – 27:25 Launching the Penn State Cocoziello Institute of Real Estate Innovation
27:25 – 30:58 Technology’s role in shaping the real estate industry
30:58 – 36:08 Student section