Ground Up Grind
@groundupgrind
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Real life: real estate principal, family capital, mostly ground-up development. Twitter life: trolling people for investing in garbage in the sunbelt.
Joined January 2021
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GPs who are successful but have no clue why often attribute it to some skill that allows them to feel innately but amorphously talented. Building art is my favorite example of same.
Fine Art in NYC’s Post-COVID Commercial Real Estate: Everyone’s a Critic
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RT @GoodGuyGuaranty: It's fitting that one of the most destructive actors in NY housing - the head of the Landmarks Preservation Commission….
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RT @steelbridgecap: This is an excellent textbook chart from @TreppWire on two kinds of insanity we have seen in real estate in the last f….
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“The project's developers have already delivered 1.1M SF of apartments, offices and retail to the waterfront site, but they are considering a pivot for part of the site to data centers.”.
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Oh good, a fresh hell!.
Data Centers Could Be Coming To Baltimore Waterfront Megaproject
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RT @JMGregorchuk: Be me:. Build homes in LA. Have them sit vacant for 5 months while you wrestle different LA departments to figure out wh….
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SEC is the most harmless group to come after Paramount in a minute tbh.
Paramount Discloses SEC Investigation After Paying Millions To Companies Affiliated With CEO
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RT @SqueezeMetrics: Real estate investing seems really great for tax planning purposes and money laundering, but I'm not seeing the benefit….
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Another month, another article citing Colliers leasing numbers (impressive) without citing Colliers net absorption numbers (literally the whole ball game).
Manhattan Office Leasing Shows Strength and Resilience for July
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RT @trdny: Wesley LePatner, who rose through the ranks to become chief executive officer of Blackstone Real Estate Income Trust, died yeste….
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RT @CleanTo2ndLien: Bankruptcy delayed due to borrower traveling in Europe is the feel good text I needed today.
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RT @trdny: For-profit owners can gut-renovate six or eight rent-stabilized units for the same price as nonprofits’ building one affordable….
therealdeal.com
In response to my column “Educating Zohran: What nonprofit housing actually costs,” about a Broome Street project costing $921,000 per unit, a reader pointed out that it would cost a lot less to...
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In my markets, I could draw wetlands lines from memory, know every other player's liquidity position, can recite chain of title going back before digital records. Guy I know told me the other day he won't buy anything without a market study. You can make money both ways but. .
My biggest game-changer career realization was that the hyper-localized approach to buying real estate is outdated. The same idea applies to brokerage. I used to believe the ancient narrative that your biggest advantage was specializing in one small area. Totally false.
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Guy who literally cannot imagine the existence of alpha.
I kinda hate this. But the only way to get properly wealthy is to go giga long high beta. (cue the top signal). But it’s true. There’s no real way to generate legitimate wealth other than equity compounding. And if you’re young, you need to lever up and take risks (prudently).
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(No, I don't have a RE play, I literally just think this would be amazing).
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