

Housing permits, considered a leading indicator for future construction activity and the broader economy, surged to a 15-year high in January. The jump was supported by increases in the dominant single-family category and the multifamily category. Total housing starts...
Housing permits surge in January

US real estate market cycles, 4Q2020
A physical market cycle analysis of four property typesacross 54 metropolitan statistical areas (MSAs) for 4Q2020. GDP ended 2020 at a negative -3.5% annual growth rate, after the largest decline (2Q20) and bounce-back (3Q20) in history. Covid revenue growth, while...
US real estate market cycles, 4Q2020

Investor gossip from NYC – the office evolves
For almost a year, we have personally witnessed friends and colleagues sharing pictures of their working-from-home digs. At the onset of the pandemic, we would see shots of a laptop on a bistro table situated on patios, balconies or even poolside. By last summer, we...
Investor gossip from NYC – the office evolves

The future of the quick-service restaurant industry
“Drive-through and pickup-only is the quick-service restaurant business model of the future.” I remember having that conversation with prospective buyers in 2018 when I was selling a single-tenant Dutch Bros Coffee in Payson, Arizona. For those of you who are...
The future of the quick-service restaurant industry

Get ready for the 21st century’s own Roaring Twenties
The Roaring Twenties hold a certain nostalgia in the collective American mindset, harkening back to the days of flappers, speakeasies, and the headiness of the economic boom that preceded the Great Depression. While most have some recollection of the period from their...
Get ready for the 21st century’s own Roaring Twenties