Today we learned that the mayor over-ruled his own planning commissioners to approve a high-rise building in K-Town. Here’s the money-quote from the LA Times explaining the opposition to the project: “Such a huge project would be ‘wildly inappropriate’ for the location, said Commissioner Maria Cabildo, an affordable housing developer. “I’m probably one of the biggest advocates
Just got done reading this piece in Pando, which is basically Sarah Lacy complaining about Lyft’s new Lyft Line service, which is basically paid car pooling (eg the software lets you split the cost of a car service with some strangers, thereby reducing the cost). Buried in the piece is an extraordinary insight from Lacy: That
During my visit to Troy, NY, I was enchanted, as usual, by the large number of stunning old brick industrial buildings sitting vacant along the Hudson River. These buildings are the kind that developers die for… brick (in an area with no earthquakes!), high ceilings, original casement windows, etc. You can take buildings like those and
Periodically, I write pieces on here about how our knowledge of achievable rents cycles back into our acquisition process. Wanted to give you a concrete example. There’s a deal we looked at several months ago that sold in the $700-750k range. At the time, not knowing as much about achievable rents, we thought the deal
Recently, I’ve found myself repeating the same piece of advice over and over, so I’m going to share it here. The context is as follows: Someone comes to me for help in optimizing her real estate business. He wants to figure out how to generate more revenue per deal or how to do more deals in