My partner Brent is of Samoan heritage. One of his roles is to review and approve title on new development sites. Yesterday he read this recorded doc. The plat was from 1946 and possibly even more wild this restriction was not removed until 1995 on this CO site.

Imagine the chaos. It’s Sunday, you are a property manager and you get a call that the power is out on a building that has 3 restaurant tenants. Our team didn’t panic, they locked in and solved the problem. In a short 47 hours we went from a fried breaker to power back on.

Dirt Dog’s Weekly Retwit Recap Here are the best things I read on X this week from a Comercial Real Estate (CRE) perspective What else did you like this week? Comment, repost & share that is what makes our community great

Peter Cancro is a BEAST. It was announced this week that after selling Jersey Mikes for $8 B to Blackstone that Peter was pursuing a 400 store development agreement in the UK and Ireland as a franchisee!! Who exits in the B’s and chooses to sign up as a franchisee?? 🤯🤯

I produce 2 newsletters All info relating to brokerage: buying, selling and leasing of CRE has moved to our brokerage website Legend Commercial All info relating to owning, developing and managing CRE has moved to Forza Commercial Parker dropped a banger on IOS this week:

Ordering a new sign for the office. Basically if you do anything related to CRE we have you covered.

From eating Cap’n Crunch watching the Price is Right to getting his Mom’s sewing machine out and making the first ever LoveSac to taking the company to $700 MM in sales in 2024. This episode with Shawn Nelson, Founder and CEO of LoveSac was 🔥 Out everywhere you podcast

25 episodes in 💪🏽 👊🏽 Who should we talk with next?

Necessity is the Mother of Invention There are no McDonald’s in Iceland. During the Great Financial Crisis Iceland had massive financial troubles as a country. That caused their Krona Dollars to tank. The local franchisee Jon Ogmundsson was paying big $$ for corporate required menu items. For example a kilo of onions from Germany was equivalent to the cost of a good bottle of whiskey. He closed the 3 locations as McDonald’s and re-opened them as Metro’s. Today there are 3 Metro’s operating in Iceland and are all located in Reykjavik. The restaurants and menu have been adapted to more local ingredients and with an Iceland flare on the flavor profiles. McDonald’s has yet to return to Iceland. There are other franchised chains here such as Domino’s & KFC but those concepts source most of their ingredients locally. What are you ordering first?

It's a no brainer to subscribe to my newsletter, because at least 50% of the articles are written by real pros from my office. This morning Chloe dropped truth bombs about using personal branding to grow in CRE. Link 👇

Hey @elonmusk I love my Cyber Truck but can we fix this? I was standing in front of my In N Out Burger I just finished building. I was with my friends Jason + Tyler whom were in suits. We were talking about how great triple net properties are. Then this… Why the hate?

The development team got the cubes done just in time. Let’s go!

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Value = NOI / Cap Rate Return on Cost = NOI / Total Cost Developers discussing spread are talking about the delta between Return on Cost & Cap. For example building a Dutch Bros to a 6.75% Return on Cost with an anticipated exit cap of 5.25% produces a 1.50% cap rate spread.

I'm on the phone with my construction manager and a Mexican Electrical Supply House talking logistics this am. It's a whole new world in 2024 trying to find electrical gear...