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Why everyone loses money in real estate

Let’s get this out of the way. If your career is the buying, selling, developing or redeveloping of real estate, you will lose money one day. There are simply too many variables beyond your control — sometimes beyond your imagination — that can slam your project.

‘Hands off my Trader Joe’s’: Oakland neighborhood reels from plan to replace store with housing

Rockridge never saw it coming.

Residents and elected officials in the Oakland neighborhood said they were blindsided by the news Wednesday that a San Francisco developer had submitted plans to shutter the neighborhood’s two-decades-old Trader Joe’s store on a tree-lined stretch of College Avenue and replace it with two residential towers, the taller soaring to 31 stories.

Toward more fine-grained development

Yesterday we spoke about the merits of fine-grained urbanism and why the direct and obvious way to achieve this is to just, you know, encourage more small-scale development. So today, let’s talk about some of the specific things that would likely need to happen in order to unlock all of the small and under-utilized sites that today are not being developed at scale.