Results for ‘Development’ category

Why we don’t announce closings

If you’re at all active in real estate, your email account is spammed daily by brokers announcing the closings of their latest deals. Why do they do this? Because doing so: Shows everyone in the market how active the broker is Keeps the brokers’ name in front of potential clients, increasing the chances potential clients call

What I do all day

Mostly, it’s underwriting deals. Here’s what happens: Either I find a deal on the MLS, Loopnet, etc. or else a broker or client sends it to me I get my hands on the rent roll (surprisingly hard, sometimes) I look at the property on google maps to get a sense for the location and, critically,

Sorry, Westlake, I was wrong

In February of 2012, I wrote a piece confidently predicting that Westlake, the neighborhood roughly south of Silver Lake and Echo Park and west of Downtown, would never gentrify. Here is my piece in all its glory. To lazy to click the link? Here’s my (flawed) argument in a nutshell: The housing stock is incredibly dense,

Why NELA

Sometimes clients ask me why we’re so focused on Northeast LA (Silver Lake, Echo Park, Highland Park, etc.). After all, LA is a big place and there are plenty of other places to buy apartment buildings. So why the focus on the hipster areas? Hint: It ain’t because we love asymmetrical haircuts, beards and artisanal pickles.

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