McNellis: Desperately Chasing Yield

By John McNellis To paraphrase a vulgar aphorism, self-delusions are like opinions—everybody has one. Some have many. Self-delusions are sometimes tragic—consider the starving anorexic who considers herself fat. Occasionally they...

Calif. Contracts No Longer Set in Stone

By Scott D. Rogers and Theodore K. Klaassen A new California Supreme Court ruling involving the terms of a real estate loan has reversed the settled law of the last...

McNellis: A Delight of Developers

By John McNellis One of the more amusing ways the Brits keep their societal distinctions crisp is through the upper class’s use of outlandishly imaginative group names for the animal...

McNellis: Rosy Predictions for the New Year

By John McNellis Just as there are few atheists in foxholes, true pessimists are rare among developers. A portrait of a famous developer next to the phrase "irrational exuberance" in...

McNellis: Abusing Power

By John McNellis Just as historians still question the precise date the Romans became the Italians, developers are by no means in agreement as to exactly when every pothole or...

Spiegel: Volatile Insurance Pricing Touching New Development

By Joan Spiegel The San Francisco Bay Area is perhaps the most active development market in the country today, with the construction of multiple large corporate headquarters and too many...

La Eace: San Francisco Housing Rents Climbing Faster Than Most Know

By Rob La Eace As of late, it seems the only things hotter than our home sales market is our rental market—and of course our San Francisco Giants! Who would...

McNellis: On Private Equity and Real Estate

By John McNellis “Behind every great fortune lies a great crime,” Honore de Balzac, the French novelist, supposedly claimed. While this may be true in France, (besides the tactical retreat,...

McNellis: The Chapter After Eleven

By John McNellis Put Mervyns, Blockbuster and Lassie together, and what do you have? Two dogs and a money-maker. If you own retail property, what did you have with Chevys...

McNellis: To Everything There is a Season

By John McNellis The Bible’s book of Ecclesiastes tells of a time to every purpose under heaven. A time to rend and a time to sew. A time to kill...