@caisson68

Business owner

 Colorado
Joined August 2021
  • Tweets2K
  • Following955
  • Followers1.1K
20Media
This one is long overdue. We've had this conversation multiple times through the years, so here it is memorialized for anyone who may benefit. It's also a great glimpse into how we negotiate construction agreements. The tl;dr is, if you have a completion guarantee, signing a GMP before you've substantially bought out hurts the project more than it helps.
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Having a tough time with that refinance? Just remember...
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Not only is there no peaceful solution to what's happening in France and the U.K., there's really no solution at all - demographics is destiny.
Visegrád 24
@visegrad24Oct 1
Fire rises from attacked schools across Bordeaux as the riots by second and third-generation migrants continue spreading across France
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Replying to @karol @AlecMacGillis
It’s genuinely maddening that journalists never call out Progressive politicians and celebrities on their double standards when it comes to Israel and “Palestine.”
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Replying to @AlecMacGillis
Always fascinating to see Progressives obsess over Israel and Gaza but magically have no thoughts on China’s treatment of Uyghurs, the plight of the South Sudanese, women and gays in Afghanistan, etc. It’s a mystery.
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Let’s be brutally honest, big-city public school systems are (by and large) *terminal* at this point, there’s no fixing them, and any parents who can, should get their kids out of them ASAP.
Thomas Chatterton Williams
@thomaschattwillSep 20
Replying to @thomaschattwill
This is insane
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$52K/per student…the real purpose of big city public school systems is to function as job and patronage mills for union employees, everything else is secondary. Get your kids out.
Jack
@tracewoodgrainsSep 20
This is the per-pupil funding for the elementary school Nikole Hannah-Jones sent her daughter to. If you subscribe to the funding theory of education, how much would have been enough? It's already crossed the average per capita annual income threshold. Maybe $100k? $200k?
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As we hit our 50s and the kids leave home for good, IMO one of the biggest “holes” in the market is the lack of really nice, new houses (NOT townhomes) between 2,500-3,500 SF…
Coby
@CobylefkoSep 17
Pretty remarkable recent study which anyone interested in housing should take note of: Houston reduced its minimum lot sizes to 1,400 sf and the resulting redevelopments produced far higher quality homes, that were dramatically more affordable, than the ones they replaced
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I remember watching this gate agent say this in a 9/11 documentary and being stunned, and also demoralized at how powerful and dangerous political correctness had become.
Wylfċen
@wylfcenSep 2
Reading about 9/11, and I’d never heard this part of the story. What the hell
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The ironic thing is that some private equity execs and their spouses are the most obsessed, obnoxious and poorly-behaved parents on the youth sports sidelines (IYKYK)...!
Carrie Courogen@carriecourogenAug 25
Burn private equity to the ground.
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Would be really funny to see the reaction of Bay Area tech nerds if someone tried to put a data center in Los Gatos, Atherton, Tiburon, Larkspur, etc…
Adam Singer
@AdamSingerAug 23
It’s amusing that Bay Area nerds, who live in the NIMBY capital of America with neighbors who demand 1,000-page environmental reports and block projects to protect “historic laundromats” want Middle America to build data centers like it’s StarCraft. (I’m for it, it's just funny)
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It’s ironic and revealing that Trump (who always wears a suit and tie) is more popular with working class Americans than a “rough” guy like Platner.
Megan McArdle
@asymmetricinfoJul 8
Platner is a private school screwup, of a type familiar to people who went to private school. The fact that he was cast as a man of the people by elites, while the working class rejected him, seems kind of emblematic of the whole progressive project right now.
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Exile on Main Street is a "boring-ass album" is one of the all-time worst musical takes on this platform, and that's saying something
Kerwin Fjøl@zermatistJun 8
I just listened to "Exile on Main St" in its entirety for the first time. It really is a boring-ass album, I think everyone was right to reject it at first. The Rolling Stones are the only band I can think of where the big hits really are the best of what they have to offer.
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REDMF retweeted
Leyla
@LeylaKuniMay 26
Story time: In early 2021, I got pitched on a multifamily deal. Big one. 300+ units, newer vintage, in Texas. Not your average syndicator bread-and-butter value-add play.. The group pitching it was relatively new. Naturally, there was an obligatory doctor capital-raiser on the team. They were very proud of winning the deal despite their short track record, and raising equity apparently wasn’t an issue. So I asked who the second-highest bidder was. A non-traded REIT. Now it gets even better. They wouldn’t share their “proprietary” underwriting model, but you could see errors in it with the naked eye. One line item was broadly labeled “economic vacancy.” When asked what exactly was included in that number, nobody knew. They just used a flat 8%.
REDMF@caisson68May 26
If you’re a passive/retail investor putting money into a multifamily syndication that’s buying an institutional-size property, you have to ask yourself…why aren’t institutions putting their money into the deal? @LeylaKuni
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Empty words from @RegentHubbard …yes it’s very difficult to control tenured faculty but UMich Regents and administrators knew his views before they OFFERED him the commencement speaker spot. Pathetic.
Sarah Hubbard, Regent, University of Michigan
@RegentHubbardMay 3
While I wasn’t there yesterday to see it in person, what I have seen is incredibly troubling and disappointing. It is very difficult to execute meaningful consequences on tenured faculty but as a leader I can help set the tone and expectations for their conduct. His conduct was unbecoming for a leader of the greatest university in the world. As the Board of the university we have an opportunity to make lasting changes that will change the course of this conduct. I look forward to that discussion with my colleagues on the Board of Regents and the university Administration.
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David Lichtenstein is always good for a banger CRE quote. In conversation with him last week: Voltaire said, 'It is dangerous to be right in matters on which the established authorities are wrong.' Politics has become a line item on your underwriting these days.
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Replying to @caisson68 @michelletandler
And btw there is no way it will even come in at 30 mil. They will certainly go over budget. Nor will it be finished in three years.
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Replying to @caisson68
Thank you for weighing in! What would be the normal costs for a grocery store construction project?
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REDMF retweeted
REDMF@caisson68Apr 14
Replying to @michelletandler
Developer here; $1,000 PSF to build a grocery store on FREE LAND is absurd; the amount of fraud and waste here is off the charts.
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How on earth can it cost $30 million and three years for the NYC government to build a grocery store in Harlem? There are *dozens* of grocery stores for sale, all over New York City, for less than $5M. Many are less than $1M. This seems like a scam. (or vanity project)
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