What I'm Reading Boxed In: Steeper borrowing rates and high prices in the housing market are leading many buyers to give up. That is welcome news for owners of single-family rental homes. Wall Street Journal Moment of Truth: A recession will either be the catalyst that forces employees back to...
September 23rd – Teeing Off
What I'm Reading Teeing Off: After years of languishing, demand for private golf club community amenities is at an all time high. The sport - and real estate developments centered around it - had been experiencing declines as younger generations tended to show less interest than their parents. Then the...
May 21st – Clogged
What I'm Reading Clogged: This week's housing starts number was a big disappointment, especially given the lack of supply that has helped lead to rising prices. It has a lot to do with a lack of finished lot inventory that has caused a major bottleneck, forcing builders to slow down. ...
May 18th – Everything Must Go
What I'm Reading Everything Must Go: San Francisco's biggest tech companies are sitting on a mountain of empty office space that has come available for sublease. Unlike landlords, these companies are not in the business of leasing real estate and are willing to take big impairments to sublease at a...
May 5th – Upping the Stakes
What I'm Reading Risk On: According to CBRE's 2021 Investor Intentions Survey, most core or core-plus investors expect their unlevered target returns to fall slightly or stay the same. However, those playing in the value add and distressed spaces anticipate that returns will increase, especially those based in the US. ...
March 11th – Bailed Out
What I'm Reading Bailed Out: The latest round of federal stimulus will provide San Francisco with about $600MM over the next two years, wiping out the vast majority of its $650MM budget deficit and likely sparing it from substantial budget cuts. This was always the bullish case for blue cities...