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Industry Contributors & Editorial

WeCompany, WeLive, WeGrow, WeBank, SoftBank, Gemdale Properties, WeWork, Four Seasons, McNellis Partners, Palo Alto, office rents

McNellis: Does WeWork at All?

Company discloses $1 billion losses in bond offering By John McNellis Wall Street’s biggest houses just hawked $702 million in junk bonds for WeWork. The junk pays 7.875 percent interest and...
California Association of Realtors, Central Valley, San Francisco Bay Area, San Francisco County, Southern California, Central Valley, Sacramento County

Housing Bubble 2 Hits Rough Spot in California

by Wolf Richter Tripped up by “eroding affordability and persistently low inventory.” Pending home sales in California, based on signed contracts, fell 2.6% in October compared to a year ago, the...
Facebook, Amazon, Sports Authority, Golfsmith, Borders Books, Circuit City, HH Gregg, Barnes & Noble, Kohls, Office Depot & Staples, Oakland, International Council of Shopping Centers, John Cumbelich & Associates

McNellis: Leaving Retail

By John McNellis I received an invitation to attend a cocktail party in Los Angeles at next week’s International Council of Shopping Center (ICSC) meeting. In declining, I explained that we would...
S&P CoreLogic, Case-Shiller National Home Price Index, Housing Bubble, Boston, Seattle, Denver, Dallas-Fort Worth, Atlanta, Portland, San Francisco Bay Area, Los Angeles

The US Cities With The Biggest Housing Bubbles

But red-hot Seattle has first back-to-back declines since 2014! By Wolf Richter The S&P CoreLogic Case-Shiller National Home Price Index for October, released this morning, jumped 6.2% year-over-year (not-seasonally-adjusted), up from 6.1%...
Velcro, Business, brokers, principals, comission agreement, listing agreement, purchase contract, brokerage, client, agent, offers, deals

Screwed: Brokers Tell-All; A John McNellis Column

“Business is the polar opposite of a high school dance—you can always find someone to screw you.” By John McNellis “Dear John: I think you should write about how everyone is a...
Los Angeles, Dodgers, Compass, New York, Paragon Real Estate Group, San Francisco, Avenue Properties, Seattle, Cow-Calf, Wikipedia, Bay Area, Silicon Valley, Facebook, WeWork

McNellis: A Broken Compass?

By John McNellis Does outspending your competition buy you the best talent? Of course. Does it guarantee you the World Series championship? Not so much. Just ask last year’s Los...

McNellis: Hollowing out the Museum

By John McNellis “A full-fledged housing crisis has gripped California…” New York Times 17 July 2017 Yes, our housing crisis is so critical those envious bastards at the Times are proclaiming...
video

McNellis: Could California Flame Out?

By John McNellis The phone rang early yesterday. “Well, our center’s still standing,” my partner said. “Whoa.” “The fire’s only a couple blocks from us, the whole town of Lakeport’s been evacuated....
San José, Bay Area, Gensler, Silicon Valley, Apple, Nvidia, Google, Facebook, SPUR, The Knight Foundation, San José Downtown Association, Diridon Station

Revitalizing Downtown San José: Design’s Evolution and Impact

By Kevin Schaeffer Downtown San José is well positioned to become the next urban destination. An expanding job market, investment in public transit and more affordable real estate than other parts...
1031 exchange, California, Canadians, American, property, real estate, S&P 500, Walgreen, South Dakota, taxes, investment

McNellis: Is the 1031 Exchange Panacea or Placebo?

By John McNellis Upon selling a supermarket last week, we deposited our proceeds into a 1031 exchange account. Call this maneuver the triumph of hope over experience, because we have...