We’re just beginning leasing on 3100 London, the largest project ever undertaken by Adaptive. This one was a bear. Among other things, we upped the unit count from 24 to 27, totally reconfigured all the units, re-vamped most of the entrances, constructed private outdoor spaces for all the units and resolved a majorly painful situation
From the “This Ain’t Just Capital Deployment” files: What did you do at your job yesterday? Me? Oh, I negotiated and then personally oversaw voluntary move-out by a guy who had been arrested for threatening his neighbors with an ax. Of course, I brought along two armed guards, plus a crew to help move his
“Hey Jacob. What did we get for the last 2/1 we rented at X?” I think I ask that question of Jacob, who runs our management business, 4-5 times per week. Why? Because we’re constantly recycling the market information we glean from leasing back into our acquisitions underwriting. The go/no go decision on each deal is
Our local artists graced us with yet another of their masterpieces yesterday. You have to be a real genius to destroy your own neighborhood, huh?
Am traveling right now (to attend my father’s retirement party – 43 years teaching at RPI!) so am going to keep this brief. Santa Monica is close to passing a law that would effectively ban sh0rt-term rentals where the owner of the property is not present. So, basically, you can rent out a room in