“Khaneman and Tversky are more responsible than anybody for the powerful trend to mistrust human intuition and defer to algorithms.” The thought of distrusting ourselves at all costs is a very uneasy one for most of us, because so often we have been told by our parents, mentors, and partners to “trust our gut feeling.” […]
Don’t Just Lose the Gut, Don’t Trust It Either Read More »
“Putting is like wisdom – partly a natural gift and partly the accumulation of experience.” -Arnold Palmer Not long ago I was playing golf at a very difficult course, the kind where they have professional caddies, because it would be impossibly difficult without a bit of help. On one hole I hit a good approach
Chip or Putt? / Lease or Purchase? Read More »
Growing CRE Capital in 2016 Written two years ago, the thoughts below were a look forward in an attempt to define a strategy that offered upside while protecting against downside as is seemed an asset bubble was forming through easy money policy. Today, at the end of January 2019, the stock market has continued to
A look back…were we right? Read More »
The Situation… A client I was working with had identified an office suite that was perfect for the relocation of his business. The building was for sale, but with one big problem — there was a tenant in place. After reading the lease and the lease terms, I learned three valuable facts: 1) the tenants
Medical Requirement Recap Read More »
In the classic 1980 comedy movie Caddyshack – Rodney Dangerfield’s character Al Czervik exclaimed -“I tell ya, golf courses and cemeteries are the biggest wastes of prime real estate.” This morning I read an article entitled, “The end of the urban golf course?” by Herb Tousely, the head of Shenehen Center for Real Estate at the
The Timeless Wisdom of Caddyshack Read More »
Plotting a course of action under an extremely short timeframe, and building in contingencies for the just incase scenarios. The Situation… A longtime client and mentor was meeting with his estate planning attorney who expressed he was going to be in the market for a new office. Upon hearing this the client passed along the
HOW TO GROW WITHOUT UNDUE RISK Searching for a new acquisition can be a daunting process full of risk and uncertainty, but the best solution in successfully reducing the risk and uncertainty could be to begin the search in your own backyard. At the end of 2014, through an online platform, ownership acquired a 37,,000
Strategic Concurrence Read More »
How, if at all, does a good CRE professional move with the capital flows of the marketplace as they move through property types. We preach specialization, but might there be times when comps don’t take enough into account? “When you’re a hammer, everything looks like a nail.” About ten years ago apartments began their amazing
As Black Friday and Cyber Monday have come and gone I find myself thinking back to the evolution of retail from my perspective as a commercial real estate professional. Looking back over the last few years I have become more active in retail property through the assumption of responsibilities for retail assets in Southwest FL.
Owning Good Retail Centers Read More »
Today’s situation The future holds a difficult reality for those expecting to enjoy retirement from 401(k) or IRA savings programs, pensions, or self-directed investments. Returns that were once commonplace, have gone into hiding. This is no different for real estate investors who have watched opportunities to invest in properties that deliver historical returns of 7-10%
Smart Capital Growth Read More »