I read last week that Blockbuster Video is down to its last store in Bend, Oregon. Years ago, my young family frequently visited the store near us. Blockbuster Video stores were everywhere. In 2000, Blockbuster had a chance to buy Netflix for $50 million. Netflix is now worth $173 BILLION. Blockbuster Video made four critical […]
New research from the Urban Land Institute shows that the population of urban neighborhoods in many metropolitan areas is growing as quickly or nearly as quickly as that of suburban neighborhoods, reflecting ongoing consumer demand – particularly among younger households — for living environments that are convenient to jobs, transit, and urban amenities, and which are highly […]
For science fiction movie fans, Star Wars is a franchise that seemed like it could never fail. But Solo: A Star Wars Story has shown that the historic franchise can produce a flop, and provides several lessons that developers and apartment owners can learn from. Solo: A Star Wars Story has “only” garnered $210 million at the domestic box […]
More than a year ago, our hockey team didn’t exist. There were no players under contract but the team’s leadership had a plan. Apparently what’s supposed to happen for any professional expansion team is that it takes years to groom talent. Years of miserable seasons as established teams of veterans run roughshod over them. […]
Every management company owner has a different story about why he or she decided to start a business. Some knew from the outset that they would eventually work for themselves. Others come up with ideas while working for someone else and decide to take the entrepreneurial leap. Every owner will agree on one thing – owning your […]
When Bezos started Amazon on “Day 1,” the Seattle startup was mostly selling books online and building out its infrastructure. On that first day, he wrote a letter to early shareholders on his aspirations for the company, one he continues to attach to his annual letter today. It was Day 1 for both Amazon and the […]
Rent control policies are laws that limit or cap rents and are usually implemented for the purpose of improving housing affordability. Like many other instances where government leaders try to manipulate economic principles, these laws do just the opposite. The National Multihousing Council (NMHC) just published an in-depth review of academic research on the issue […]
Investing in Opportunity Zones allows real estate investors to defer or eliminate short-term and/or long-term gains on the sale of real property or other similar investments. An important tax incentive provision for real estate investors, developers and professionals were included in the federal Tax Cuts and Jobs Act that was enacted in December 2017. A […]
I recently watched the movie The Founder on Netflix, starring Michael Keaton. The Founder is a compelling story about American inspiration, ambition and greed. Love it or hate it, McDonald’s is one of America’s most recognized brand names and greatest success stories. Its success is partly because of its ability to streamline its operations and give […]
Earlier this month, I was in New York City at the IMN Middle Market Multifamily Conference moderating a panel discussion for property owners who are considering creating their own management firms. As a partner in one of the industry’s larger outsourced accounting firms, I help clients make that decision every day. The discussion included some […]
