This Father-Son Team Built A $1.3 Billion Empire (Here's How) Shawn and Edan Evenhaim

Описание: Father-son duo Shawn Evenhaim and Edan Evenhaim are reshaping the Los Angeles skyline through Balaciano Group and the iconic The Q brand. With nearly 3 billion in transactions and multiple Builder of the Year awards, they share how they build, brand, and manage modern multifamily properties in one of the most challenging real estate markets.

In this in-depth conversation they cover:
Starting as an immigrant in construction and evolving into large-scale multifamily development
The power of true vertical integration: in-house entitlement, architecture, general contracting, and property management
Why controlling the entire process delivers better design, quality, and community outcomes
Building a premium residential brand inspired by Tesla and Louis Vuitton - cohesive identity, no concessions, standing behind the product
Creating genuinely smart apartments with integrated technology at scale
Using detailed data tracking (amenity usage, fob scans, equipment analytics) to constantly improve buildings
The realities of developing in Los Angeles: regulations, Measure JJJ, ULA, rent control concerns, and their impact on housing supply
Family business dynamics - respect, generational differences, and wanting the next generation to surpass you
Calculated risk-taking, surviving major market cycles (including 2008), and knowing when to slow down
The critical role of relationships, political access, community involvement, and philanthropy in real estate success
Advice for younger developers: start slow, learn from others, avoid over-leveraging, question everything

Whether you're interested in multifamily development, branding in real estate, smart-home technology in apartments, vertical integration, Los Angeles real estate challenges, or family business succession, this discussion offers rare insight from operators actively building and managing thousands of units in a high-regulation environment.

Chapters
0:00 – Every day you learn something
0:05 – Introducing Shawn & Edan Evenhaim
0:17 – Father-son duo transforming LA skyline
0:35 – Advice on patience in business and life
1:39 – How it all began: immigrating and starting in 1989/1994
2:29 – Starting slow with custom homes during recession
3:05 – Evolution from infill to larger projects and Measure JJJ impact
3:51 – Current portfolio: thousands of units, ~100 employees
4:09 – True vertical integration explained
4:57 – Control vs cost savings in vertical integration
5:50 – Family business dynamics and mutual respect
6:41 – What the younger generation brought to branding & design
9:31 – Learning without a formal mentor
10:40 – Continuous learning and improving every day
11:54 – First-mover vs learning from others
13:02 – Creating truly smart apartments in LA
14:42 – Building The Q brand from concept to reality
15:56 – Data-driven iteration (amenity tracking, usage analytics)
18:11 – Tesla-inspired branding philosophy
19:54 – No concessions during COVID - protecting brand value
22:27 – Financial independence: no outside investors or partners
24:40 – Dealing with black swan events and regulatory headwinds
26:55 – Future of investing in Los Angeles - on the horizon for change
29:03 – What real leadership could fix in LA housing
31:40 – Importance of relationships & political engagement
33:55 – Advice for the next generation of developers
37:58 – What makes Shawn exceptional
40:01 – Biggest risk taken and how they survived 2008

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Sponsor - AI for CRE Collective
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Keywords: Los Angeles real estate, multifamily development, vertical integration real estate, The Q brand, smart apartments, family business real estate, LA housing crisis, developer interview, multifamily branding, real estate in Los Angeles, Measure JJJ, ULA tax impact, calculated risk real estate, immigrant success story developer

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