Results for ‘Development’ category

The CA Supreme Court just screwed up

Am a little late to the party on the California Supreme Court’s recent decision to allow so-called inclusionary zoning, but think it’s important to comment on what I regard as a total travesty. First, some background: Five years ago, the City of San Jose passed a law requiring that 15% of units in new buildings of 20

807 N Madison is DONE

Am thrilled to announce the completion of yet another apartment repositioning project, this one the 10 unit front structure at 807 N. Madison. This deal has an interesting back-story. I helped the owners buy the building way back in 2012, pretty early in the history of Adaptive. In many ways, it was a typical Adaptive

Some more thoughts about microunits

Bisnow has an interesting piece on the state of the art in microunits. For those who don’t know, “microunit” is the name given to super-small studios being developed in expensive coastal cities. The idea is to create a self-contained 220-350 sq ft apartment which, in theory, ought to be affordable for younger tenants who care

A small problem with putting solar on your roof

There’s a slight problem with putting a solar system on your roof: You may be radically reducing the value of your property. Now, this doesn’t go for all homes. It’s specifically the case with home in cities where the zoning allows for denser development. So, for example, consider an old 800 sq ft single family home

Comparing multifamily to office investing

And… we’re back. (I was at Princeton Reunions over the weekend and my flight didn’t get me back to LA until 3AM Monday morning.) Thought you might be interested in this article, which advocates that institutional investors consider allocating real estate investment dollars to multifamily instead of office. The argument should be familiar to regular

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