Commercial Real Estate in the Age of Coronavirus: Investor Sentiment Update by PwC

Commercial Real Estate in the Age of Coronavirus: Investor Sentiment Update by PwC

Last week PricewaterhouseCoopers published a special update to their quarterly Real Estate Investor Survey, looking at the impact of the COVID-19 pandemic on commercial real estate, specifically the retail, office, industrial and apartment sectors of the market.  The results reflect considerable uncertainty in the market, but not surprisingly vary by property sector. With much of … Continue reading Commercial Real Estate in the Age of Coronavirus: Investor Sentiment Update by PwC

Container Housing

Container Housing

Are Recycled Shipping Containers the Answer to Affordable Housing? I recently reposted an article from the Long Beach Business Journal about CRATE Modular, a company that repurposes shipping containers for habitable use.  A specific project mentioned was Potters Lane, a 16-unit apartment development for homeless veterans in Orange County, constructed entirely from recycled shipping containers.  … Continue reading Container Housing

Inglewood: A Case Study of Home Prices

Inglewood: A Case Study of Home Prices

Residential price trends are often reported for large geographical areas, like MSA’s and counties; a popular index tracks the six-county Southern California market, an area of more than 20 million people.  But while macro-economic factors have a broad market impact, submarkets are strongly influenced by local issues.  These issues often have minimal impact on local … Continue reading Inglewood: A Case Study of Home Prices

The Future of Transportation?

The Future of Transportation?

What on earth does the decidedly ordinary-looking home in the photo have to do with the future of transportation, you might ask. In 2016, Elon Musk, founder and CEO of Tesla and SpaceX, was stuck in traffic and decided to start digging – tunnels – to offer yet another transportation alternative.  The Boring Company thus … Continue reading The Future of Transportation?

Appraisals Under Assault (again)

Appraisals Under Assault (again)

Appraisers have been in the crosshairs of the lending industry and regulators for decades – licensing, de minimis thresholds, HVCC and Appraisal Management Companies (AMC’s), Automated Valuation Models (AVM’s), Collateral Underwriter, evaluations, appraisal waivers and hybrid appraisals. Now a working paper titled “Appraising Home Purchase Appraisals” published by the Federal Reserve Bank of Philadelphia in … Continue reading Appraisals Under Assault (again)

Remembering 9/11

Remembering 9/11

Most of us remember where we were when life-changing world events happened. I’m old enough to remember being on an elementary school playground when a voice over the loudspeaker announced the assassination of President Kennedy in 1963. And I’m certain most of us remember where we were and what we were doing when news broke … Continue reading Remembering 9/11

The Face of Homelessness

The Face of Homelessness

I’ve befriended a homeless guy. His name is Kenny – a Vietnam vet with family out of state, lived in his own apartment and worked decades for an aerospace company before retiring in 2012. At which time, for reasons that still aren’t quite clear, Kenny became homeless. He currently hangs out on the street by … Continue reading The Face of Homelessness