Alexander @A_Steele2
RE Development | I like to talk about building SFH Subdivisions and Commercial Development. British Columbia, Canada. Joined May 2012-
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Office floor plates in Texas are crazyyy. vacancy is around 20%, surprised it isn’t higher
Just landed in Texas, so far stereotypes are holding up.
Losses from 2021 vintage are starting to pile up, pre-sales still seem hot though.
Losses from 2021 vintage are starting to pile up, pre-sales still seem hot though.
Development is about finding a path forward no matter how many “no’s” you face.
Wow. Where do you start with these posts? The entitlement and arrogance in them are embarrassing. Physicians and professors are public servants, paid by the public purse. For them to say they're okay with taking a pay cut to provide services to others isn't a sign of altruism.…
Wow. Where do you start with these posts? The entitlement and arrogance in them are embarrassing. Physicians and professors are public servants, paid by the public purse. For them to say they're okay with taking a pay cut to provide services to others isn't a sign of altruism.…
I ran the Sun Run in my #Canucks jersey today, Nashville has no chance tonight.
My first time in Texas next week 🇺🇸🇺🇸 Im heading to Austin for a bachelor party, pretty excited to visit and experience Texas urbanism. 🦅
The Sun Run better look like this tomorrow
$1.8m for a studio 🤮 But also how are these floor plans so bad, 837 and they can’t figure out a bedroom?
$1.8m for a studio 🤮 But also how are these floor plans so bad, 837 and they can’t figure out a bedroom?
The neighbourhood is the amenity. Walkable, bike friendly and cafe patios line the streets.
3-6 months of having no idea what you're doing is the barrier of entry to a rare life.
The Pivotal Role of Real Estate Developers Real estate developers are the central figures in the development industry, acting as catalysts to transform ideas into tangible projects. Developers exhibit an entrepreneurial mindset, adept at uncovering opportunities, negotiating…
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“How do you motivate your team to keep making cold calls in such a tough market?” Sometimes you gotta get creative
319 sqft unit here in KC. Don’t mind the layout.
As verbalized by the Dirt Dogs during our development meeting this week, “Is it too soon to call on some of those great corners in the Midwest that no longer have buildings on them from the tornadoes?” @ADeBryCRE @DanEngle_CRE
A few months ago I dropped a deal I'd been under contract on for over a month Initially I'd thought I’d be stabilizing at a 12% yield, my equity multiple would be almost 3x & my profit would be $2.6MM+ in just 3 years During my DD process, I realized I was wrong So what went…
Interesting upside of my modeling test tweet; a number of hungry/scrappy analysts have DM'd me saying "give me a shot!" If you're hiring analysts or want to hire them in the future, reply here, and hopefully, they will reach out to you.
12 units. Single family lot. Minneapolis. No elevator. No parking. Co-developed with Left Lane Ventures. Designed by Christian Dean Architects.
#Canucks travelled a long way to score one 5-on-5 goal in two games here. And now have a big time fight on their hands knowing they're going to have to come back here for a Game 6 (and a trip) they wanted no part of
have been fortunate to be at some great events over my years in this biz. This one was something else. The entire day was wild. The goalie drama. The contrast of first 57 minutes vs frantic comeback. The OT win. The silence of 18,000. Really fortunate to have been here to see it
gotta say, pretty subdued on the normally festive streets around Bridgestone as I leave the rink.I think people are still stunned by what they just saw
as I interviewed Casey DeSmith in his stall yesterday after practice, he was replacing the laces in his skates...you know, as if he was preparing to use his skates today. Really strange development.
Full transparency here: I currently have about $200,000 cash. My intuition tells me to invest it into an S&P 500 fund until I find another worthwhile venture. For those with more knowledge than myself, is this a bad plan?
the other night was full of hollering from #Canucks room postgame. Tonight, I think it’s shocked silence as they pack up to leave town after a heist
@khzny subsidizing and encouraging private home development might yield similar results but the prevailing political narrative is that for-profit real estate development is somehow public enemy #1 ?
2023 Honda Profit: $4.82 billion Government of Canada EV battery plant subsidy: $5 billion. 2023 Volkswagen profit: $20 billion Government of Canada EV battery plant subsidy: $14 billion. Yet, Canada faces an unsolved housing crisis of epic proportions.
Legalize simple, beautiful, mid-block buildings everywhere 🤩
Twitter has changed my life. 3 years after beginning to share my work and life on this app, my life has changed for the better in so many ways. How? Why? Last night, at the gala in New York, in conversation after conversation, I was reminded why. Connection. Support.…
I’m going to count every building over 50 stories in NYC. Over/ under?
I’ve gotten a fair amount of requests to analyze smaller deals Here’s a good example of a smaller deal where you have a pretty direct path to making $100k profit in under a year These types of deals are everywhere – as I’ve mentioned before, the sub-$1MM range is not difficult…
Legalize minimalism 🤩
‼️ Canada’s per capita output drops 7% below trend, new Statscan report says Productivity is the bedrock of per capita growth. Over the four decades leading up to the pandemic, increases in productivity accounted for 93 per cent of the improvement in real GDP per capita A…
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