Jim Lewis

[Jim Lewis @PortlandCRE]

@andy_matuschak In many areas, that ground floor commercial space is required by the city. There may be no market demand but developers have to build it anyways to get approval for the apartments. Now add in the high cost to build out of space for a tenant. Weak demand + high cost = vacancy

[Jim Lewis @PortlandCRE]

@pdxmoderate Yes Portland has some very bad policies that are affecting livability and pushing businesses out of town. Also true is that these steep value drops in office are happening all over the US right now. And many more to come in Portland and around the US in the next 12 months.

[Jim Lewis @PortlandCRE]

@moseskagan Robert Harris’s there part series on Cicero starting with Imperium. If you like Roman history this is fantastic.

[Jim Lewis @PortlandCRE]

@chamath I’m not sure who is on the edge of the cliff here?

[Jim Lewis @PortlandCRE]

@shawngorham 99% of Buffets net worth has accumulated after he turned 65. Sounds like you are in great shape Shawn.

[Jim Lewis @PortlandCRE]

@TreppWire @ADeermount Percentage seems high but total dollars seem relatively low at around $160 million. I wonder how that compares to other top 50 metros?

[Jim Lewis @PortlandCRE]

@realEstateTrent I hope that helps them ace the test. Nothing worse than getting that far along in a purchase and sale transaction and having it unravel because of an appraisal issue.

[Jim Lewis @PortlandCRE]

@moseskagan Looks great what/who do you use for kitchen and bathroom cabinets.

[Jim Lewis @PortlandCRE]

@Oregonian Literally sick to my stomach after reading this article. Such a bad idea in so many ways and for so many reason and for so many people.

[Jim Lewis @PortlandCRE]

@heIpfullandlord I played the board game LIFE with my daughter recently. I bought every property I landed on and barely had any cash through the whole game. She bought nothing but had a bunch of cash. At the end we added everything up. I won! I think there might be a lesson in there somewhere…

[Jim Lewis @PortlandCRE]

@bairdk Sultan, great thread and congrats on your deals. Can you elaborate on how you manage 40k sf will relatively little onsite staff? What task are you having them perform vs. your remote team?

[Jim Lewis @PortlandCRE]

@EddieAZCRE In-place or proforma?

[Jim Lewis @PortlandCRE]

@morganhousel Metal dust pan my grad father made in jr high shop class. He’s 96 now and it still works great.

[Jim Lewis @PortlandCRE]

@StudentRentPro Question: are you going to buy it next time it comes on the market?

[Jim Lewis @PortlandCRE]

@jefffeldman Totally agree Jeff. And I’m seeing, in many asset classes, the operating environment is really strong despite the disruption in the capital markets.

[Jim Lewis @PortlandCRE]

@ColinCowherd @elonmusk Jonathan Smith at Oregon State is a great story. It would be great to hear you cover that on Monday!

[Jim Lewis @PortlandCRE]

@RealFrugalMogul With 25% down your mortgage is going to be $1,200-$1,500 then property taxes and insurance on top of that. If you break even out of the gates that’s not too bad. Over time, if things go right, it should work out well. In 10-15 years you’ll be glad you did it.