NRE Commercial | eXp | DRE 01946829 Husband & Father of Three - USC Graduate & Former Athlete
Joined June 2010
- Tweets 7,553
- Following 1,357
- Followers 3,216
- Likes 11,607
631 Photos and videos
The world’s most interesting man.
From zinc sunscreen recommendations, to market top predictions.
Send this man all your money.
The biggest bubble in our history is swelling right before our eyes.
I can’t believe it has made it this long.
Prepare while you still can.
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So the question remains…
Why are rents down over the past couple years?
Jun 15
Los Angeles is the aerospace capital of the world.
11,000 new aerospace jobs added in LA County in the last two years.
$141k average salary.
Venture capital funding in LA-area defense tech surpassed $4 billion last year — more than double the prior year.
Greater LA is home to nearly one-third of the nation’s space technology companies and employs — contributing $35B annually to CA GDP.
SpaceX added nearly 4,000 new millionaires to the region last week.
Anduril just announced a $1 billion new campus in Long Beach, adding 5,500 jobs.
NASA JPL, Northrop Grumman, Rocket Lab, Relativity, Boeing, Raytheon are all within 30 miles of each other.
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Cannot stress the importance of your inspection process and inspection teams.
In escrow on a 3.9M industrial deal.
Marketed as 800 amps power (2 meters)
Brought in my electrician to open up the main panel.
Actual? Each meter only getting 200 amps.
Main rated up to 800, but the lines installed were not bringing that to the building.
Roof? Probably 60 years old - never replaced, just patched.
Structural? Separation at the corners in the concrete tilt up.
Sewer main? Original cast iron
Find a good team, this is how you protect your clients and your relationship with them.
Glossing over could cost them half a million dollars.
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Jun 15
Hypothetically speaking…
How would one go about making a former marijuana grow house sparkling clean before an appraiser in two weeks?
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Jun 13
I told you Fable was nuts 😂
Government shut it down.
Jun 13
The US government, citing national security authorities, has issued an export control directive to suspend all access to Fable 5 and Mythos 5 by any foreign national, whether inside or outside the United States, including foreign national Anthropic employees.
The net effect of this order is that we must abruptly disable Fable 5 and Mythos 5 for all our customers to ensure compliance.
Access to all other Claude models is not affected.
We apologize for this disruption to our customers. We believe this is a misunderstanding and are working to restore access as soon as possible.
Read our full statement: anthropic.com/news/fable-myt…
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Jun 12
DFW multifamily market must be soft if I’m getting emails blasts from TX brokers.
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Jun 11
Can confirm.
Fable 5 is absolutely NUTS.
Those in RE not utilizing these tools in every day work flows are falling further and further behind.
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Jun 11
As the Landlard, are you doing this office lease deal?
• 5,389 RSF
• 66-month term
• $12,400 starting rent
• 3% annual increases
• 6 months free rent
• $50/SF TI allowance
• 10 free parking spaces - normally $95 each per mth
Actual buildout cost came in at $115/SF - $619,735
Meaning tenant is coming out of pocket roughly $65/SF, or about $350K.
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Jun 11
Lot of real estate investors praying for lower rates.
Not a good sign with the European Central Bank is RAISING interest rates.
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Jun 10
If you’re selling an apartment building and don’t have keys to all your units.
Please do everyone a favor and re-key before you go under contract.
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Jun 10
Too many think you need to be at a big brokerage shop to have “reach.”
Incorrect.
You can actually have BETTER reach because you’re not stuck using a 10 year old product.
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Jun 10
CPI not great for interest rates and real estate as a whole
BUT will be helpful for CA multifamily owners needing rent increases under AB 1482 whose max rent increases are calculated as 5% CPI.
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Jun 10
Qualifying manufacturers using SBA 504 financing can have certain SBA fees waived under the “Big Beautiful Bill.”
One example: the annual SBA service fee, roughly 20 basis points on the SBA portion of the loan.
Not the entire loan, but still meaningful when a business is trying to buy its building.
Policy can feel abstract until it shows up in the economics of a real deal.
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My @CoStarGroup research representative turns over every 3-6 months 😂
Company lost its way a long time ago.
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Trump has now mentioned we are on the brink of a deal with Iran 37 times.
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I just got a conventional quote from @BankofAmerica for a conventional owner user industrial $4M purchase at 20% down.
5.55% rate, 25 year amortization.
Is B of A back!?
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To each their own.
Those of us in the rental biz are a sick bunch, that much I know 😂
Jun 4
Rental properties can hurt your career and lifestyle.
They drain your energy, add stress, and tie you to a specific location.
Your career is usually the biggest driver of long-term wealth, and I do not want rentals distracting me from it.
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