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Project: New lease

Over the next few days, am going to spend a bunch of time revamping our standard lease. Why would I do this boring job? Aren’t all leases pretty much the same? The answer is, obviously, no way. First, landlord-tenant law changes over time. As new laws are enacted and new court decisions come down, what is

Should I invest in this deal?

Attended a Princeton alumni event last night and got into an interesting conversation with a guy who is considering investing in a syndicated multifamily deal in Arizona. He asked me my thoughts. Here’s what I told him: Focus on the operator, not the deal. Why? First, there’s no way an amateur is going to come to

Re-thinking for sale development

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

132 N Alvarado is done

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

My problem with WeWork

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

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