Building and design. Oakland via Oklahoma. Adaptive reuse of industrial buildings + birds & backpacking. Click link to invest ⬇️ DM's open
Oakland, CA
Joined July 2010
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Land entitlement work is the closest path I’ve found to creating money from thin air in real estate. These projects are available at any scale and don’t require a ton of capital, but do require patience.
We've been touring some *very* vibey warehouses.
Catch our latest update on the Bay Area industrial market at
shiloe dot substack dot com
🫶
Shiloe Bear retweeted
I don’t listen to podcasts as much these days, but when I do @fortworthchris podcast is my go to.
Today I listened to an episode and learned about @shiloebear. As a Bay Area native myself, I genuinely enjoyed this episode.
(Also, v. cool you can identify so many birds! 😂)
Great conversation. Thank you Chris and Shiloe
I'm pleased to announce that I've been added to a new list!
So have @fortworthchris , @kylematthewsceo , @gabebodhi , @joepohlen , and @BobKnakal so it can't be the mild burn it appears to be
Cheers to the Second Tier 🥂😂
xitter.cf/i/lists/16483320707651…
We get hired by lenders to audit the finances/liens and construction progress of developments in default
Business is up and it's bumming me out
This year @REconveneLA felt different.
The overall sentiment was more cautious - there was more talk of risk and distress...
But there was also a distinct camaraderie - a feeling of deepening core friendships and having each other's backs
Thanks to @moseskagan and @SimranKagan for making the magic happen
It was nourishing to reconnect with people I knew and energizing to meet new faces
If we missed each other, DM me and lets meet!
Many entrepreneurs boast about how they’ve never had a job, or could never work for anyone else.
I’ve worked for many people and learned how to lead, how to be a reliable teammate, how to fix the coffee machine when it breaks right before the morning rush.
There is no one way
People always ask how to build their project for less
Instinct is to squeeze the subs or select cheaper materials
I’m here to tell you the only real way to move the needle is to reduce the scope. Draw a big X on the plan and write ‘no work in this area’.
Shiloe Bear retweeted
🚨New Episode: Please welcome @shiloebear to the Fort!
As the founder of Creek Development, Shiloe has completed 63 commercial redevelopment projects and 5 land entitlement plays in the San Francisco Bay Area. Leveraging her deep construction expertise, she challenges project assumptions and incorporates impactful design to achieve remarkable outcomes for her clients and investors.
We discuss:
- Building Creek as an outsourced developer
- Converting industrial buildings into biotech lab space
- A deep dive into the Bay Area RE market
- Why design is such an important aspect of development
00:00:00 - Intro
00:01:11 - Shiloe’s upbringing and journey to doing development in the Bay Area
00:08:25 - What are the projects you work on the most?
00:11:01 - Why is there such a demand for outsourced development?
00:11:47 - What makes your firm different?
00:16:50 - Minimum Viable Projects
00:21:47 - How early in a project do you need to be brought in?
00:25:14 - What are some obvious parts of a project where you can save money?
00:27:30 - How would you describe the Bay Area market right now?
00:33:35 - Office to Residential
00:37:46 - What’s the environment like for Oakland?
00:42:31 - How Shiloe is planning to pivot her business into doing their own developments
00:47:51 - How important are the relationships you’ve developed in The Bay over the past 10 years?
00:53:06 - The BioTech market and development strategy
01:00:55 - Why design matters
01:08:27 - How far out are labs looking for space?
01:09:46 - Lenders, Leases, and hold periods
01:12:36 - Why did this become your niche?
01:14:13 - Shiloe’s bird-watching skills & long-distance running
Contrarian take: With a deep understanding of construction, ground up development is less risky than a rehab. Rehabbing, especially historic buildings has near infinite scope creep
We have a company goal of performing 20% of our work at a 20% discount to local nonprofits. This is the project that started it all
RYSE Youth Center - a new 18k sf campus designed by young people, for young people
Shiloe Bear retweeted
Next week I’m sitting down with @shiloebear for a conversation on the podcast!
What should I ask her?
Tile patterns are the fun part of my work.
I build the patterns in sketchup to get the color right.
This one I installed too (partly because I couldn't get anyone to take it on)
Shiloe Bear retweeted
One of the joys of running @REconveneLA:
Getting to spotlight operators who demonstrate what's possible in the real estate business.
Possibly my favorite example: @shiloebear's talk from last year.
Watch this: