Back of The Napkin Barrett
@Projected_3Cap
RE Development - Occasionally abused by NYC RE entities - All tweets reflect my employer
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Everyone wants to take on entitlement risk until you realize your 100mm+ dream depends on a board made up of 2 Parks & Rec side characters, an octogenarian retiree w way too much time on their hands, and someone God created to specifically stymie any chance of housing being built
Can someone explain Newark, NJ to me from a RE perspective? How do any of these deals that are being marketed (or sold) remotely pencil?
Am I a simpleton worker bee for thinking this looks like a pretty normal (albeit huge scale) office setup?
Really excited / nervous about busy season coming up (Tons of Halloween candy floating around the office)
Hearing the partner you are working on a deal for say he “hates golf and can’t go skiing anymore cause of a bad rotator cuff” is a new level of dread when you realize he’s also divorced and has adult children but no grandchildren
I think Tik tok should be banned but the videos of those RE bros saying how many doors they own should stay
In the market I work in (NE Coastal) it is basically impossible to get to an UYoC that would get approved by DC without having a blended avg rent of over $3,200/mo. Factor in many of these deals have affordable components that severely drag down the BA. Its just math.
Let's dissect a column in today's @WSJ headlined, "The U.S. Has More Fancy Apartments Than It Is Able to Fill," followed by a sub-headline saying developers "have built a glut of high-end properties instead of badly needed affordable housing." Is it that simple? Let's jump in.
Let's dissect a column in today's @WSJ headlined, "The U.S. Has More Fancy Apartments Than It Is Able to Fill," followed by a sub-headline saying developers "have built a glut of high-end properties instead of badly needed affordable housing." Is it that simple? Let's jump in.
Is there value in office REITs now that JPM made that announcement?
I was part of a group that owned a big piece next to the now infamous LIC Amazon site. I imagine the joy we had in the office when they announced they were coming is similar to what many office owners are feeling today.
JPMorgan, $JPM, to tell all its employees to return to the office five days a week, ending a hybrid-work option for thousands of staff, per Bloomberg
Watching the news and seeing that idiot Janno Leiber talking about how congestion pricing will drive ridership to public transit and then Fox5 cutting to a story on how the MTA is adding more barricades on subway platforms so crazies dont shove people into trains *chefs kiss
.@joerogan you are very wrong on Israel and how the war is going in Gaza. I just got back from Gaza. I am one of the world’s leading experts on urban warfare. Let’s have a conversation about the facts, opinions, disinformation, myths about it and the history of warfare.
Somehow Gary Carrone comes across as even dumber and more of a douchebag than Grant Impressive!
Turns out this guy doesn’t like Hyman because he is rich…..seems to have an issue with the fact that he is Jewish Makes sense why he didn’t Attack Matthews and Reinhart when they scored 50 Would like to think that this guy doesn’t get press credentials to @CanadiensMTL
I’d challenge anyone who follows this guy to unfollow and block him….we talk about what’s bad in hockey culture….and this is it…. Attacking an individual because of a characteristic he has no control of, is no different then attacking a player regarding his religion of his…
Related but unrelated - has the prevalence of legal betting/gambling materially hurt Vegas as a whole? Feel like that’s a classic business insider article I may have missed
This is creepy af. Huge mall is down to just 2 stores. One of which is closing in a month. Who would have ever guessed you’d ever see something like this in the USA 10 years ago?
Granted I suck at hockey but I’m pretty sure scoring 50 as a tap in merchant in the greatest hockey league on earth is *really* hard and takes a ton of skill
This is creepy af. Huge mall is down to just 2 stores. One of which is closing in a month. Who would have ever guessed you’d ever see something like this in the USA 10 years ago?
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