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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

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

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

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