americas | The Property Chronicle

The sucker at the table

by Phil Bak | Jun 3, 2024 | The Analyst, zNewsletter

$120,000 for a banana. This was December, 2019, at Art Basel in Miami. An Italian artist duct taped a banana to the wall. It sold for $120,000. The state of modern art, ladies and gentlemen. It’s easy to laugh at the decadence of the art world. It’s not as easy to...

More housing fixes (almost) everything

by Art Carden | Jun 3, 2024 | Residential Investor, zEditor's pick, zLead Article

Bryan Caplan does not write to be popular. He writes not for causes he thinks are likely to win but for causes that deserve to win. I’ve reviewed almost all of his books: The Myth of the Rational Voter (2007), Selfish Reasons to Have More Kids (2011), The Case Against...

Valuations and Write-Downs: Notes from a recent private meeting of USA real estate investors, thinkers and operators

by Norm Miller | May 24, 2024 | The Professor, zEditor's pick, zLead Article

Background: The Hoyt Institute is an invite only think tank based in North Palm Beach, Florida, where industry research leaders and academics partake in a few days of in-depth discussions on topics of interest to the commercial real estate industry and housing...

Winners of REIT earnings season

by David Auerbach | May 20, 2024 | The Analyst, zNewsletter

Over 200 US REITs and homebuilders have reported first-quarter earnings results over the past four weeks, providing critical information on the state of the commercial and residential real estate industry. A microcosm of the past two years across REIT world, interest...

Buying US Offices: Time to get greedy

by Phil Bak | May 13, 2024 | The Analyst, zEditor's pick, zLead Article

You could buy a skyscraper for a million bucks. I still remember that, probably always will. A friend of mine, well connected in Detroit real estate, telling me how bad things had gotten. Telling me that I could buy an entire skyscraper in downtown Detroit for one...