Commercial Real Estate Insights
Life Lessons from “The Dude”
“The Dude” is a sage for modern times. A man of distinctive charm and Zen-like detachment, he lives on his terms. His wisdom, delivered in quirky one-liners and simple musings, delivers a message about life, identity, and the pursuit of happiness. Here are my favorite lines and what they mean to me:
Deal or No Deal – There is always something!
Our clients’ needs constantly change, so it’s crucial to adapt and anticipate – even if they are unaware, they need help. Most clients or soon-to-be clients don’t know what they don’t know.
Golf and Selling Property
“You know, when I was your age, I’d hit the ball right over that tree.”
With the challenge before him, the young man swings hard, hits the ball, watches it fly into the branches, rattle around, and land with a thud a foot from where it had started.
“Of course,” says the old man, “when I was your age, that tree was only eight feet tall.”
Why Do I Do This?
Intelligent, successful people do not like to be sold or knowingly persuaded.
“Luke, I am your father.” Would you like to buy my building?
801 K Street - arguably the most significant casualty from COVID 801 K Street, known as the Darth Vader Building or Renaissance Tower, is up for auction after falling out of contract with Ethan Conrad. 801 K Street was built in 1989; Wells Fargo...
The Beautiful Game
I went to the Screening of “The Beautiful Game” sponsored by Lance Hastings, the Director of CMTA. It turns out that the members of this year’s class of Leadership Sacramento were there. The Guild Theater in Oak Park is a great venue that seats...
Transforming Sacramento – ULI – Studies and Theories with a Practical Touch
Batter Up! Transforming Sacramento. During a walkthrough of a client's new office, I noticed two red wires dangling from the entrance to my client’s building. The wire had been connected to a new security camera; I hope they got the heist on...
Sacramento Rotary – Making the community better every day!
On September 30th at about 5:00 AM about 1500 Cyclists will start arriving on Capitol Mall to ride through the Delta on behalf of the Cause.
Buildings for Nothing, Tenants Still Flee!
The investor can undercut market rents when they buy a building for 25 cents on the dollar. This creates tough sledding for many office building owners. It is particularly perilous because lenders are not lending on office deals.
Understanding Key Ratios Commercial Lenders Use
Properties of all shapes and sizes are under the Lender’s microscope. Even property “owners” with long-term relationships with multiple assets with the same lender are under the lender's microscope. Lenders use ratios, and when the ratios don’t...
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