What I'm Reading Payoff: Gov. Gavin Newsom says California will pay off all the past-due rent that accumulated in the nation's most populated state because of the fallout from the coronavirus pandemic, a promise to make landlords whole while giving renters a clean slate. I'm sure that its just a...
May 10th – Leading Indicator
What I'm Reading Out Ahead: Zumper's National Rent Report last week showed some improvements in most, but not all of the expensive coastal cities that were hit especially hard by COVID. IMO, the big news was in some of the raw search data that wasn't in the report but rather...
May 3rd – Chopping Block
What I'm Reading Chopping Block: The credit tenant net lease sector will be particularly hard-hit if the 1031 exchange is eliminated as proposed in the Biden tax plan. Globe Street Passed Along: Skyrocketing lumber prices have added $36k to the price of new homes, according to the NAHB. Housing Wire...
April 27th -The Great Migration
What I'm Reading The Churn: California is undergoing a major population shift, with coastal residents relocating to more inland locations in search of more space and a lower cost of living. Washington Post Its Time: Americans overwhelmingly believe that marijuana should be legal for recreational or medical use in the...
April 8th – Deflating
What I'm Reading Deflating: A new study by data firm VTS, which tracks tens of thousands of negotiations across the U.S. between landlords and tenants found that big companies are sticking with their city-center office buildings. However, they are also cutting back on space, likely driving down rent for years...
April 5th – Chugging Along
What I'm Reading Chugging Along: The Zillow-Case Shiller Housing Price Forecast showed a 12% YoY increase in February, up from 11.2% in January, with the authors of the forecast commenting that there appears to be "no end in sight." At some point, I have to imagine that rising mortgage rates...
February 15th – Straw Man
February 11th – Blunt Challenge
What I'm Reading Blunt Challenge: The number of marijuana stores in the U.S. is poised to grow in 2021 and 2022 as more states legalize the narcotic, the federal government toys with legalization at the national level, and already large sales chains seek to get larger. This despite often complex...
February 5th – Out of the Bottle
What I'm Reading Out of the Bottle: The CRE industry has been notoriously slow to embrace technology. However, COVID has led to a substantial acceleration in the adoption of technology as a means to adapting. Now that the genie is out of the bottle, things are unlikely to go back...
January 29th – Behind the Scenes
What I'm Reading Behind the Scenes: Unless you live under a rock, you have probably heard about the massive short squeezes (and crashes) in troubled retailer GameStop and struggling theater operator AMC over the past couple of weeks. Both companies' stocks have soared but, despite the increases in valuation, both...