Marty Nesbitt on Building The Parking Spot

The speaker reflects on their experience during the early 90s real estate recession while working at JLL. They conducted a retrospective analysis of various asset classes, leading to a preference for parking assets over others like office and retail. This insight inspired the speaker to develop a business idea in the parking space. A chance meeting with Penny Pritzker, who later became the Secretary of Commerce, resulted in a partnership to establish a real estate operating company focused on parking.

What motivated the speaker to start a business in the parking space?

What was the outcome of the collaboration between the speaker and Penny Pritzker?