Lay of The Land #226: Terry Coyne (Terry Coyne Properties) — Risk, Patience & Opportunity
Terry Coyne is an Executive Vice Chairman of Newmark and Principal of Terry Coyne Properties. Over his 25-plus-year career, Terry has become one of Ohio’s most accomplished commercial real estate leaders, negotiating more than 2,000 transactions totaling over $5 billion in value. In Cleveland alone, over the past five years, he and his team have brokered 250 transactions worth more than $1.2 billion.
In our conversation, we cover Terry’s unique philosophy and strategy on real estate, risk, and patience — which have led him to a diverse range of opportunities, from representing companies like GOJO and L’Oréal, to redeveloping the old Chrysler Plant, building the MidTown Tech Park in Cleveland, and now leading the 670+ acre site at Rickenbacker adjacent to Anduril’s new Arsenal 1 Hyperscale Manufacturing Facility.
We also break down Terry’s views on Ohio’s regional markets, what he’s learned from his father, the intersection of real estate and entrepreneurship, and his perspective on the future of the state’s economy — from data centers and energy policy to the cultural ambition needed for Ohio to continue its rise.
00:00:00 - Introduction to Terry Coyne and His Career
00:25:48 - Exploring Ohio's Unique Markets
00:30:38 - Land vs. Real Estate: Understanding Value
00:37:16 - The Future of Work: Remote vs. In-Office
00:42:59 - Taxation and Its Impact on Real Estate
00:49:48 - Hidden Gem
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LINKS:
https://www.linkedin.com/in/terrycoyne/
https://terrycoyne.com/terry-coyne-properties/
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SPONSOR:
Roundstone Insurance is proud to sponsor Lay of The Land. Founder and CEO, Michael Schroeder, has committed full-year support for the podcast, recognizing its alignment with the company’s passion for entrepreneurship, innovation, and community leadership.
Headquartered in Rocky River, Ohio, Roundstone was founded in 2005 with a vision to deliver better healthcare outcomes at a more affordable cost. To bring that vision to life, the company pioneered the group medical captive model — a self-funded health insurance solution that provides small and mid-sized businesses with greater control and significant savings.
Over the past two decades, Roundstone has grown rapidly, creating nearly 200 jobs in Northeast Ohio. The company works closely with employers and benefits advisors to navigate the complexities of commercial health insurance and build custom plans that prioritize employee well-being over shareholder returns. By focusing on aligned incentives and better health outcomes, Roundstone is helping businesses save thousands in Per Employee Per Year healthcare costs.
Roundstone Insurance — Built for entrepreneurs. Backed by innovation. Committed to Cleveland.
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Past guests include Justin Bibb (Mayor of Cleveland), Pat Conway (Great Lakes Brewing), Steve Potash (OverDrive), Umberto P. Fedeli (The Fedeli Group), Lila Mills (Signal Cleveland), Stewart Kohl (The Riverside Company), Mitch Kroll (Findaway — Acquired by Spotify), and over 200 other Cleveland Entrepreneurs.
Connect with Jeffrey Stern on LinkedIn — https://www.linkedin.com/in/jeffreypstern/
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