Results for ‘Development’ category

A little taster from the front lines of LA’s parking wars

If you’re wondering why we have a shortage of housing in Los Angeles, I’m here to shed a little light. We recently bought a duplex with the plan of adding a second story and two more units. This is exactly the type of deal the city should love: We’re adding additional housing to a neighborhood

The two sides of our business

One of the weird things about our business is how different it looks to Jon and me. On my end, most deals are almost abstract. I can tell from the location, the building, the existing rents, and the price whether we can make money and how much. For me, then, it’s mostly about passively looking

Why we avoid pre-1920s buildings

I love buildings built in the 1920s, but I rarely buy buildings built before that. Why? It has to do with how the buildings were built. By the 1920s, Los Angeles construction practices were not that different from today’s. Layouts, door width, ceiling height, spacing between studs, size of lumber used – all are quite similar to

Another idea for real estate entrepreneurs

At the ULI discussion last night, I was asked about opportunities I see for young entrepreneurs wanting to get into real estate. I gave a fairly macro answer about the middle class returning to big cities and how that is going to continue to drive increases in rents and property values in urban centers. But

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