I generally avoid politics on this blog, because there’s no need for yet another place for people to get angry. But today I want to address what seems like a creeping demoralization among Millennials, in particular, that’s causing them to question capitalism. There’s no doubt that Millennials have had it pretty rough. Many of them
Today I want to talk about a little-discussed area of money management: How to handle call-downs. First, what’s a call-down? In most real estate deals, the investors don’t send all their money for the whole deal on the day of closing. Instead, they agree to commit a specific total amount to the project and then leave
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.
Am slammed all day today, but wanted to use this opportunity to give a huge public THANK YOU to two people who don’t get nearly enough credit in our organization: Kris and David F. Together, Kris and David handle all of our bookkeeping, accounts receivable and payable, oversee 50+ bank accounts, produce financial reporting, and
Here’s a question we wrestle with all the time: When should lease-up begin? You’d think this would have an easy answer: When construction is done. But you’d be wrong. Usually, buildings are “showable” (eg look pretty close to complete) 2-4 weeks before the construction is actually done. And, after carrying the building with no cashflow