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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

Losing a good deal to make a better track record

Am looking at a deal now that has an interesting problem: While ZIMAS and the county both show 12 units, the certificate of occupancy shows 11 units. The building only has 11 parking spaces, so it was pretty clearly built as 11, with the final unit added at some point along the way, most likely illegally.

A rising tide of (petty) crime

We’ve managed a bunch of buildings in gentrifying areas of LA for a long time, and I can tell you with a high degree of certainty that property crime (theft, tagging, etc.) has gone up markedly over the past few years. Most recently, we have a building where cars have been broken into in the

Thinking about the path not taken

Recently, I’ve been doing a lot of thinking about where we are in the cycle, debt, risk and asset allocation. You see, many of my contemporaries have been doing fairly high-leverage development deals and doing very well with them. We at Adaptive have shied away from those sorts of deals, for two, related reasons: You

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