STEVEN WEINSTEIN’s business background is wide and varied, and as a result, he brings a unique view to every endeavor he becomes involved with. Mr. Weinstein started his career as a journalist, with Associated Press in Boston; Jackson, Mississippi; Richmond, Virginia and New York; and after that at Reuters in New York and London. Mr. Weinstein transitioned to marketing, technology, mergers and acquisition posts while at Reuters. His initiatives included putting PC’s on currency and equity traders’ desktops, real-time data through Windows, the first artificial intelligence system for news processing, and the first graphical interface for news and pictures ever created to display news as it was happening.
After leaving Reuters in 1991 and returning to the United States from England, Mr. Weinstein advised a variety of clients, including the European Commission, on general data and cross-border business and language strategy and implementation. He formed a telephone services business in 1992, MagnaCom, which grew organically and through leveraged acquisitions, and was sold in 2000 to a public company, Premier Global. Immediately thereafter, he and some of the other members of the Marketmaker Capital team (Joey Tuttle, Tony Barone and Peter Johnson) repositioned a wireless software company, Salsa Systems, which was sold to Broadbeam in 2001.
From 2001 to 2004, the Marketmaker team bought and sold telecom assets, and in 2004 transitioned the business to a real estate advisory model. Marketmaker, with Mr. Weinstein at its helm, advised on hundreds of millions of dollars worth of real estate transactions, primarily in the Tenant-in-Common (TIC)/1031 exchange space, but the company also financed other real estate assets, sponsors and developers.
Because of Marketmaker’s wide range of capabilities, it is often contacted by corporate advisors — lawyers, accountants, bankers and others — to help sort out or provide direction, quietly, to companies that may have lost their way, need to transition to a new business strategy, establish critical venture relationships or access the capital markets. Marketmaker has excelled in these areas.
Mr. Weinstein holds a Bachelor of Arts degree in English Literature from Tufts University and subsequently completed executive management education in conjunction with the Harvard Business School and Insead in 1990. Mr. Weinstein lives in Los Angeles with his wife and two teenage sons.