Some indications that ride sharing may be reducing car ownership

BL, a reader of this blog, sent me an interesting article yesterday about the interaction between Uber/Lyft use and car ownership. Regular readers know I regard ride sharing as a major force that will re-shape the nature of in-fill real estate development. If you’re just joining us: As the price of ride sharing falls (which … Continue reading “Some indications that ride sharing may be reducing car ownership”

1129-1135 N Virgil coming right along

Thought you’d appreciate seeing some progress photos from a project we have going at 1129-1135 N Virgil, right by Sunset Junction. It’s a complex of three duplexes and a single family home, all with parking and private outdoor space. When we started in our business, Hoover was definitely the western boundary of Silver Lake. These … Continue reading “1129-1135 N Virgil coming right along”

Some thoughts on the fight at the CA Coastal Commission

There’s a big fight brewing on the California Coastal Commission. In a nutshell: The Coastal Commission board, which includes a lot of relatively pro-development members appointed by Governor Brown, is in the midst of throwing out the current director, mostly because he’s insufficiently pro-development. The usual suspects, mostly environmental groups, are all up in arms. … Continue reading “Some thoughts on the fight at the CA Coastal Commission”

Why we’re going to build a lot of studios not one beds

As you know, Adaptive is moving towards doing more ground-up construction projects. As we do, we’re learning more and more about the zoning code and how it shapes what gets built here. And as I learn, I’m going to share with you. So, that said, here’s an interesting factoid: The LA zoning code makes it almost … Continue reading “Why we’re going to build a lot of studios not one beds”

Vacation

Am headed to Costa Rica for vacation this week, so posting will be light (again). The good news is that we’ve got an interesting ground-up deal in contract and are circling another interesting repositioning play. You knew I couldn’t actually not work for a week, right?

A short post day

Am heading down to Irvine with Jon to participate in a panel on mid-market acquisitions. So, in lieu of a longer post, here’s a group pic from the Adaptive holiday party last night… we’ve come a long way in three years!