What I'm Reading Tilting the Scale: Target allocations to commercial real estate increased for the eight straight year in 2021 according to a recent survey by Hodes Weill & Associates and Cornell University. The average target allocations increased to 10.7 percent, up 10 basis points from 2020, indicating the potential...
November 8th – The Weakest Link
What I'm Reading The Weakest Link: Environmental and anti-business regulations make California the absolute worst possible place to be the US focal point for supply chain issues. Wall Street Journal Narrative Violation: Last week's taper announcement was met by rates falling substantially at the long end of the yield curve. ...
October 13th – We’re Number One
What I'm Reading We're Number 1: Money laundering is a problem across the economy but nowhere is it more prevalent than in the real estate - especially in the US. Miami Herald Less for More: While many companies have responded to supply chain shortages and wage inflation by raising prices,...
October 7th – Shop Shop
What I'm Reading Chop Shop: The latest investment trend is buying tiny pieces of everything from real estate and cars, to art, fine wine and memorabilia. Vox Looking Inward: Foreign investors are following in the footsteps of their domestic counterparts, focusing on secondary markets with strong fundamentals over their traditional...
September 29th – Shots Fired
What I'm Reading Shots Fired: The SEC is targeting a crowdfunding portal in its first enforcement action in the space. Regulators sued the operator of a funding portal, TruCrowd Inc., for allegedly failing to heed red flags despite allegedly being told that one of the key players had a criminal...
September 27th – Expect Delays
What I'm Reading Expect Delays: NMHC's latest Construction survey found that a whopping 98% of multifamily developer respondents reported being impacted by a lack of materials, the highest share since the survey began. In addition, 83% of respondents reported delays in permitting and starts, 72% reported deals being repriced by...
September 21st – Logjam
What I'm Reading Logjam: The Los Angeles / Long Beach port logjam has enough containers to cross half of the US if laid end-to-end. Amazingly, the problem is getting worse. The average wait is currently 8.7 days compared with 6.2 in mid-August, according to L.A. gCaptain Respite: The producer price...
July 13th – Risky Business
What I'm Reading Liftoff: With apartment shortages across much of the country, rents are climbing at the fastest pace seen in decades. Smaller growth markets like Boise continue to lead the way. With for sale housing expensive and development not keeping pace with demand in most places, the real risk...
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...
February 25th – Swamped
What I'm Reading Swamped: As the nation begins to climb out of the depths of the COVID-19 crisis, landlords will be forced to fight for office tenants, creating a tenant’s market unlike any other over the past few decades with availability rising 15-20% in some markets. Vestian Hot Spots: Boise,...