“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.” …
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 …
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 …
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 …
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 …
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 …
Pro-Active Brokerage In over a decade of leasing and owning various types of commercial real estate, I have developed the belief that brokers and landlords should focus on two major themes in order to create a professional and effective leasing environment to welcome prospective tenants. · Mutual Understanding- Accepting that the devil is in the details, …
THE SITUATION A personal owner is involved in a partnership holding an asset which has been substantially depreciated and mortgaged, creating a situation where a sale would result in minimal after-tax cash flow. However, contrary to the personal owner’s opinion, the majority of partners decide the time is right to sell the asset without reinvesting …
The Art of Balancing analytics and creativity to secure short and long-term financing from recourse and non-recourse lenders to reposition a 1970’s Office Park Picture this – a 1970’s industrial park with considerable vacancies, needing some serious updating, upgrading and modernization, commonly known as Capital Improvements. When tasked with leasing and financing the modernization and …