Results for ‘Uncategorized’ category

One effect of our preference for denser living

One of the themes to which we return again and again on this blog is the shift in consumer preferences from suburban, single-family homes to denser, urban apartments. I obviously love this shift, because it’s very good for our business. But, interestingly, the shift has not been good for housing sector, which is typically a

There are still deals

Just quoted a 4plex fee-for-service deal for a long-standing client. The headline numbers are: All-in for ~$1.45MM, inclusive of all renovation expenses and an acceptable fee to Adaptive 10.7x GRM 7% cap $291 / sq ft When it’s done, I think the owner would be able to refi the property at 75% LTV, pull out

What inning are we in in the multifamily cycle

I think this is kind of an inane game, because the definition of the “game” and an “inning” are so vague. But I think it’s the 7th inning, for what that’s worth. Here’s a piece with the views of a lot of people richer than I am (and who love talking their own books). For

Real estate and the personal brand premium

Have been doing some thinking recently about why people pay the rents that they do. More specifically, I’m interested in understanding why someone would happily pay $2,000 for a 1 bed in Silver Lake, but refuse to pay $1,500 for the same apartment in, say, Mid City. Obviously, there are a bunch of “hard” factors,

865 N. Hoover is done

We just completed renovations on 865 N. Hoover, a 5 unit complex in Silver Lake right near Sunset Junction. This was a pretty painful deal, because we had a long fight with the city over whether we could add some basement space to the two bottom-floor units. In the end, we won, but it was