Had a wild memory today from the old 2014-18 days I totally forgot about. I was brokering apartment deals in Long Beach, CA with two clients who were buying deals at 100%+ LTV. The bridge lender we worked with would cross collateralize their other properties and lend up to

Bullish for rent growth.

TI allowances are 63.2% higher than they were pre-pandemic on average. Brutal stat for office landlords.

Office leasing coming in waves these days. Very little traction for 3 months and then BOOM. 3 LOI’s in two weeks totaling about 21k square feet. Would be a nice 7% boost to occupancy for the project.

Is anyone out there actually buying Chipotle NNN deals at 4.25% caps in Conroe, TX?!

Yikes. DOJ files antitrust lawsuit against RealPage multifamilydive.com/news/doj-realp…

*Notice to SoCal multifamily owners* Antiquated electrical systems will impact your building’s value by at least 20%.

Who wants to play for this psychopath!? Get a grip guy.

Wells Fargo Chief Economist says the FED will cut 125 bps by end of this year. What kind of economy would we have to be in to warrant that kind of a drastic cut? gvwire.com/2024/08/28/how…

10 year has been drifting lower since the end of April. Interest rates are drifting lower. The window for buying fundamentally sound deals that have been taken down alongside the market might be dwindling. If you’re waiting on the sideline for the perfect time to get in

Quoted 5.50% today on a 5 year rate with 3 years IO. Let the games begin!

Big question this morning: Sit down desk vs. Stand up desk

Anyone in SoCal have a good/reasonably priced roofer?