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Title: CEO and cofounder.
What the company does: Developer of retail and mixed-use
projects.
HQ: Danville.
2006 revenue: $2.1 million.
Number of employees: 11
Year founded: 2000
Source of startup capital: Personal funds.
Background: President, chairman and CEO of Western Properties
Trust from 1998 to its merger with Pan Pacific Retail
Properties in 2000. Held management positions at Pacific
Retail Trust and PRT Development Corp. Partner at Spieker
Properties and a project director at Trammell Crow Co.
Age: 49.
Residence: Alamo.
Web site: www.blakehunt.com
Big picture
Reason for starting business: With the sale of Western
Properties Trust, where I was CEO, it was an opportune
time to align with Pan Pacific on an independent basis
and start my own company. I also thought it was a niche
in a market that wasn't being well served -- downtown
suburban infill, high density retail and mixed use.
Most difficult part of decision: Trading the security
of high executive compensation for the entrepreneurial,
risky rewards of profits from development projects.
Biggest plus of ownership: Being able to do whatever
you want, when you want.
Biggest drawback: You take everything very personally.
Biggest misconception: People think it's really easy
to make a lot of money fast. Most people don't understand
the risks that come with opportunity.
Biggest business strength: I'm decisive and productive.
Biggest business weakness: I'm very impatient with process
and more interested in getting to the result.
Biggest risk: Plaza de San Jose -- it was ... in an area
in San Jose that many people were afraid of. It is a Latino-oriented
shopping center. It is 100 percent leased and the retailers
are doing quite well.
Biggest mistake: Investing and sponsoring an indoor soccer
business in Livermore. We over-improved facility relative
to what market was willing to pay. We built "Nieman
Marcus," and no one wanted more than "Marshalls."
I lost several hundred thousand dollars.
Smartest move: We aligned with the right joint venture
partners very early on.
Biggest worry: That liquidity in the capital market will
evaporate.
Top source of inspiration: My family and the people I
work with at my company.
Daily routine
Most challenging task: Making sure I set aside time for
family and friends.
Favorite task: Pursuing new projects and planning and
designing them.
Least favorite task: Dealing with the politics of the
government approval process.
Biggest frustration: I find no frustrations with business
ownership because it's really up to me and my partners
to determine how everything runs.
Source of support in a business crisis: My business partner,
Jerry Hunt. Dreams
Key goal yet to achieve: To retire from worry but not
from work.
First move with capital windfall: I'd make a generous
distribution to our employees and would diversify into
some stable, long-term cash flow generating assets.
Five-year plan: To grow and provide opportunities for
our other partners to create wealth for themselves while
maintaining a tight focus on what we do best.
First choice for new career or venture: A professional
sports team owner. Personals
Most-admired entrepreneur: Ned Spieker (founder of Spieker
Properties Trust).
Most interested in meeting: Muhammad Ali.
Stress reducers: I workout every day.
Favorite pastimes: Playing sports.
Favorite book: "The Fountainhead" by Ayn Rand.
Favorite film: "Caddyshack."
Favorite destination: La Jolla and Maui.
Automobile: 2005 Maserati Quattroporte.
-- Amanda Bishop
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