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.
In 2011, I published an essay on the need for multiple banking relationships that hits the SVB coffin nail on the head.
What? Old-school offices work better than WeWork playpens? Reinstalling private offices in the growing legions of ghost buildings may be worth a try.
“There’s almost no liquidity in the office market. No one knows where pricing will be when one of these towers finally sells.”
Our property with a Walmart store has arguably declined 25% in value in the last six months. But cash-flow hasn’t changed.
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.
His number came in 100% more than the cost of our last store, and the deal no longer penciled out.
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.
Rushing down a mountain can kill you, rushing to sell a business can cost you a fortune.
“There is only one way for a modular project to go right, and a million ways to go wrong.”