Tale of Two Valuations: Buyer vs. Seller Cap Rates
Development is hard, very hard. Just ask our clients. So is predicting what your project is worth after it is completed and what the returns will look like. Here is our take on how to best navigate modeling an exit, which has evolved from numerous conversations with our clients and equity partners. – Capitalization rates […]
Ready, Aim, File? Getting CEQA back on track
It is well known that California’s attractive environment supports a high standard of living and ample demand for housing. What should be more well-known, however, is how California’s environmental legislation, while well intentioned, can prevent that demand from being satisfied. It has been Jennifer Hernandez’s and her colleagues at Holland & Knight’s goal to prove […]
WeWork is Insanely Over-valued.
Shorting a public stock is easy. Shorting a private company… well, not so much. If shorting was easy, here’s my take on why making a bet against WeWork’s $21 billion value makes sense. First, I have nothing against WeWork. I like the concept and much of what they do. I think they’re visionary […]
Part 2: The Sunshine Tax
In Part 1: National Housing Trends, our recap of the past decade indicated that the United States continues to experience a large housing shortage since household construction fails to keep up with household formation. To supplement this, much of our follow-up research showed which metros get hit the hardest and uncovered important implications for our […]
