- December 18, 2025
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When cousins Jonathan Levy and Lee Burdman formed Redstone Commercial nearly three decades ago, the pair decided to develop properties with the intention of owning them for several years.
At the time, the concept had fallen out of vogue. Development giants like the Trammell Crow Co. and other merchant builders were making fortunes in the late 1980s and early 1990s by developing real estate with plans to shed it upon completion and stabilization.