Serious investment thinking that doesn’t take itself too seriously.
Conferences are an occupational hazard in our business. Real estate remains, still and at heart, a people business in a way that, say, equities, bonds or commodities are not. Notwithstanding the marvels of data - capture and technology, the length and complexity of transactions involving real...
What if, the companies which had gained the most in the stock market in recent months and years had a positive impact on property prices and rents in the areas in which they operate?
And that means the future of real estate capital isn’t public or private. It’s both. It’s modular, liquid, and programmable.
No signs of capital flight yet. Just two quick charts on the “Fade America, Long Europe” trade that’s become de jour. The basic premise is that big bad Trump is...
Other things equal, a higher valuation for an asset should make it less attractive. Returns are being pulled from the future to the present. So why does the reverse often seem to...
Well, I suppose Trump doesn’t actually chicken out of everything. The U.S. has bombed Iran’s three nuclear enrichment facilities. Here was Trump’s announcement of the strikes on...
If there’s a truth I’ve learned working on projects across 25 countries last year, people are more alike than they are different.
A quiet shift is gaining momentum in Japan which has the potential to reshape the country’s commercial real estate landscape. After years of slow progress, corporate governance...
A trade deal between the U.S. and China was supposed to be one of the things that would mark a return to normality for the markets and maybe even ignite the next leg of the bull...
There are a few theories, but none of them really satisfies. I recently wrote a post arguing that globalisation didn’t hollow out the American middle class (as many people...