Results for ‘Uncategorized’ category

Re-thinking for sale development

Had drinks with a friend who is an architect / developer last night. We got to talking about a big piece of land he owns in Echo Park. He is currently planning to develop it as a small lot subdivision and sell off the resulting homes. I told him this may be a mistake, and

132 N Alvarado is done

Just completed this 4plex on Alvarado just south of Echo Park. This one is near to our hearts, because it’s the first building Jon and I ever built from the ground up. The units are 3 bed / 1 bath and have two parking spaces each. The downstairs ones are particularly cool; they have huge

My problem with WeWork

Have been doing some thinking about WeWork’s business model and I’m not impressed. In case you haven’t run into WeWork, it’s kind of the prototypical co-working company. They develop and manage nice, shared office spaces that individuals and small companies can rent on a week-to-week basis. The reason WeWork exists is that there is a mismatch between

Mixed feelings about a house for my folks

Am inspecting a house for my parents today in Silver Lake. It’s a very odd feeling to see them paying $1MM for a house which they could easily have bought for $700-800k just a few years ago. Obviously, my deal-doer alarms are ringing, particularly because this is a single family house where, if they rented it

A short appreciation of America

The day after July 4th, want to take the opportunity to express my appreciation for this country. I was born here. But many in my family were not. In fact, a whole bunch of my family members had the misfortune of being born Jews in Eastern Europe in the early 20th Century. Most of them

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