
Eric Weatherholtz: LA's ‘Vibe Economy’ and a New Strategy for Connecting Hospitality to Capital
Twenty years ago, Eric Weatherholtz closed on a rundown movie theater on Colorado Boulevard in Pasadena, teamed up with CIM Group, and signed a lease with Tiffany & Co.. That single deal flipped the market rent on the entire street within a month and proved to Eric that one exceptional tenant can create exponential value for everyone around it, a philosophy that has shaped everything he's built since. Eric is the co-founder of Healey Weatherholtz Properties and the founder of Automatic, the invitation-only membership connecting the country's best retail and hospitality operators with the developers who can back them. Automatic is making its West Coast debut here in LA at the Maybourne Beverly Hills on September 28 and 29 , and Eric joins me to talk through the inspiration behind it. We get into the six-year transformation of the land around Atlanta's old Braves stadium into Summerhill, which is a case study in revitalizing a local economy. And we close on Los Angeles itself: why Highland Park and Eagle Rock are pulling energy away from the Westside, Eric’s theory that cool is LA’s greatest export, and who we can expect to see at Automatic West Coast. Episode Outline (05:13) First-hand examples of how much value a great retailer impacts neighborhood value (14:18) Why 14 restaurant leases, before a single door opened, triggered deals for over 1,700 nearby housing units (26:16) The gap between who creates a neighborhood's value and who captures it, and how Automatic aims to close it (33:07) The deal that penciled on paper and died anyway: a lesson from the historic San Francisco Metro Theater (36:10) Eric's take on why LA remains one of the most desirable places to live in the world Resources Mentioned Events Automatic West Coast — September 28-29 at the Maybourne Beverly Hills Places King Ranch - Houston Postino WineCafe - Phoenix Summerhill - Atlanta MVW Partners' redevelopment of Miami's Little River Stir Crazy People Radom Capital - Houston Runyon Group - LA CIM Group Platform LA Media The Vibe Economy, Eric's Substack post on Asphalt Jungle Anthony Bourdain: Parts Unknown - S7, E4 with Jim Harrison Guest Info Connect with Eric on LinkedIn Learn more about Automatic Learn more about Healey Weatherholtz Properties More From Building LA Visit the Building LA website Connect with Sam on LinkedIn Follow Building LA on LinkedIn Learn more about Lincoln Property Company Follow Lincoln Property Company on LinkedIn













