Results for ‘Success’ category

3100 London is in lease-up

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

What a good deal looks like

Sometimes, this is what victory looks like: That’s a wire from Crown Escrow (a Silver Lake-based, family-owned escrow company which I strongly endorse, fyi) for $2.59MM, the net proceeds of our refinance of 201 N Ave 55, a 12 unit building we purchased in Highland Park in June 2014. As I believe I’ve mentioned here

Thinking about expected value with Elon Musk

Just started reading the Elon Musk biography and am feeling inspired. In case you don’t know of him: Musk started and sold Zip2 and then PayPal, then started Tesla, SpaceX, and SolarCity. The latter three ventures push the boundaries of what is possible with technology in electric cars, space exploration and renewable energy, respectively. From a

What’s keeping me up at night

Do you know what’s keeping me up at night lately? It’s the following question: To what extent are apartments downtown and in Hollywood substitutes for the apartments we are renovating in East Hollywood, Silver Lake, Highland Park, etc.? I mean “substitutes” in the economic theory sense: “A product or service that satisfies the need of

Uh-oh… they’re baaaa-aaaccckkkk

We’ve now reached the point in the cycle where brokers describe their over-priced apartment deals as “condo conversion opportunities”. Why would a broker do this? Well, if your client demands a price so high that no buyer could actually achieve any kind of yield on their investment, you don’t really have many options. But, in all

Page 1 of 512345