How Far Will Commercial Real Estate Values Have to Drop to Start Making Sense? by John McNellis • Jul 31, 2023 • 101 Comments Some asset classes, notably industrial and self-storage, have scarcely declined at all. Others, having flown too close to the sun, have plunged into the sea.
My Company Ended Up with Some Exposure to Silicon Valley Bank: I Warned about Monogamy’s Downside Years Ago by John McNellis • Mar 26, 2023 • 55 Comments In 2011, I published an essay on the need for multiple banking relationships that hits the SVB coffin nail on the head.
I Asked What it Would Take to Get Gen Z Back to the Office: “Private Offices, Man. Microsoft Gives Them to Everybody” by John McNellis • Nov 24, 2022 • 226 Comments What? Old-school offices work better than WeWork playpens? Reinstalling private offices in the growing legions of ghost buildings may be worth a try.
The “Under-Demanded” Office Market by John McNellis • Aug 6, 2022 • 120 Comments “There’s almost no liquidity in the office market. No one knows where pricing will be when one of these towers finally sells.”
Riding Out the Recession in Commercial Real Estate: Time to Hold? by John McNellis • Jul 3, 2022 • 198 Comments Our property with a Walmart store has arguably declined 25% in value in the last six months. But cash-flow hasn’t changed.
Commercial Real Estate’s Early Autumn: We Now See Price Cuts, Blown Deals, Widening Bid-Ask Spreads by John McNellis • Jun 18, 2022 • 151 Comments We listed a 40-unit apartment building in the East Bay, a couple months too late, and a shopping center in Silicon Valley. Here’s what happened.
Time to Put Down the Shovel? So Far this Year, We’ve Dropped Three Projects due to Breathtaking Construction Cost Estimates by John McNellis • May 28, 2022 • 117 Comments His number came in 100% more than the cost of our last store, and the deal no longer penciled out.
Brick-and-Mortar Pharmacies in the Cross Hairs by John McNellis • Mar 5, 2022 • 108 Comments If you have a building with drug store that’s only making money in its pharmacy, your years of collecting fat rent checks are likely numbered.
My Thoughts on Selling a Successful Family Business: McNellis by John McNellis • Jul 31, 2021 • 89 Comments Rushing down a mountain can kill you, rushing to sell a business can cost you a fortune.
Modular Construction: “Not there yet” by John McNellis • May 31, 2021 • 175 Comments “There is only one way for a modular project to go right, and a million ways to go wrong.”
