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Why things are slow right now

For most businesses, the problem is demand. In other words, they can make an infinite amount of product; the issue is how much they can sell. In our business, interestingly, it’s the total opposite. There is a structural imbalance in LA between the number of apartments (growing slowly) and the number of people who want

Thought you would appreciate seeing some “after” pics on a 16 unit apartment complex we’re just finishing up in Echo Park. Absolutely love the way this one turned out. And will always remember hiring armed guards to accompany me when I went to make a deal with an ax-wielding psycho who lived¬†there when we bought

A bit of inspiration

In light of all the doom and gloom about our country bouncing around during this election season, thought I’d share a story that inspires me every time I think about it. Our gardener in in his 70s. He came here from Mexico a million years ago. He and his company care for the landscaping at

Tax return absurdity

  Late last week, one day before the deadline, I submitted my personal return for 2015. Now, in light of what’s gone on with Trump’s return, I think I should begin by noting that, as an “active real estate investor”, I probably get more tax breaks than anyone. So I’m not in any position to

Finally, we’re in the ground

Thought you all might appreciate some pics of the beginning of our latest ground-up development project. It took forever to get the permits on this, despite the project being totally by-right. But it’s going to be worth it, because the neighborhood in question is on a tear and it’s impossible to buy anything to rehab

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