McNellis on Spring Rituals: A Full Accounting

FEBRUARY 1, 2012 By John McNellis Like daffodils, if not quite as lovely, accountants are among the earliest signs of spring. When ours called the other day to ask for details...

McNellis on Developers and Contractors: General Relativity

December 13, 2011 By John McNellis With major construction about to blossom all over the Bay Area—campuses for Salesforce, Google and Apple, the Transbay Transit Center and an armada of other...

McNellis: Lords of the Pipeline

The worst is over and recovery begins. November 1, 2011 By John McNellis At last. September’s ICSC Western States Conference in San Diego was more upbeat than beat-up; it had more site...

McNellis on Governance: Rescue Our Horse

John McNellis The annual meeting of America’s foremost real estate organization, the Urban Land Institute, took place last week in Los Angeles. Its mood was as somber as an Irish...

McNellis: A Sod Roof Too Far

November 1, 2011 By John McNellis In addition to sounding tres sophistiques, the word triage embodies a very reasonable concept. If you’re running out of blood transfusions, give them to those who...

McNellis: Working Without a Net Worth

Cash flow is real estate’s real value. By John McNellis Franklin D. Roosevelt’s first vice president, John Nance “Cactus Jack” Garner, is remembered for having observed that the vice presidency isn’t...

McNellis: Lies, Damn Lies and the IRR

September 1, 2011 By John McNellis Outright fraud in sales packages is about as rare as total amnesia. However negligently prepared offerings may be, they seldom contain jaw-dropping lies. If one...

McNellis: Da to Kapital

Retail landlord finds hope amidst the rubble. July 1, 2011 By John McNellis In Red Square, Russia stages day-long parades to display its military might; troops, tanks and world-ending rockets endlessly rumble past...

McNellis: Brokers with Principals

Give a little to get a lot. June 1, 2011 By John McNellis Before examining a few mistakes this undervalued profession makes so often, it’s worth noting that practically everyone is a...

McNellis: Monogamy and Its Downside

Bankers like exclusivity, but developers should be less enamored. April 1, 2011 By John McNellis In an issue devoted to infrastructure—yes, sadly, it’s all falling apart and, yes, we all need to...