Kyle Redinger

real estate development º startups º CrossFit º

[Kyle Redinger @kyleredinger]

Albemarle Business Campus starts construction in about two weeks.

We have great spots for breweries and restaurants with large outdoor patio space.

Just saying!

https://t.co/1KorxsUUQS

[Kyle Redinger @kyleredinger]

Happy 4th Everyone!

In patriotic fashion, I asked Gemini to do some deep research and create a USA political corruption index.

Corruption is growing exponentially and getting worse.

https://t.co/iMLAw9nJq7

[Kyle Redinger @kyleredinger]

@mtgillikin City projects are more complicated, because you can only build up, so your cost per unit goes up as adding stories increases costs vs a garden style in the County.

[Kyle Redinger @kyleredinger]

@mtgillikin which is not really an incentive in commercial real estate, especially when risk free assets are north of 4%. Also, you can’t really build anything for $200k/unit right now, so even the figures are overly optimistic.

[Shyam Sankar @ssankar]

In 2021, we spent $7.5bn for a 500k electric-vehicle charging stations.

3 years later, only 8 had been built.

Not 8,000. Not 800. 8.

If this were a one-off, we could treat it as an unfortunate case study of waste and inefficiency. But it’s not.

[Kyle Redinger @kyleredinger]

@mtgillikin These guys are from Charlottesville and have a superior solution: https://t.co/hRyzvMWiMK

[Kyle Redinger @kyleredinger]

Pretty funny that every commercial broker wants to be your best friend to sell and lease your commercial buildings, but they never do you any favors when they have off market deals.

[Joey Politano 🏳️‍🌈 @JosephPolitano]

So immensely wild that North Carolina builds basically as much housing as California now, despite having a population 28M smaller. Complete indictment of California housing policy here.

[Kyle Redinger @kyleredinger]

So, I did a little thing called making an EP...

Listen here:

#OrganicHouse #musicproduction #newhobby #EcoBeats

https://t.co/JmF39MEsbC

[Kyle Redinger @kyleredinger]

Absolutely insane Charlottesville will spend $500k/unit for a garden style multifamily project (excluding land cost).

https://t.co/S3ZpX28A0l

[Kyle Redinger @kyleredinger]

Has any developer ever had a good experience with elevator company, ever?

Maybe I should start a non-scamming, non-shitty elevator Company?

[Gummi @gummibear737]

Let me get this straight:

College administrators have created a bunch of meaningless jobs…

to employ a bunch of useless people…

who graduated with unemployable degrees…

and are passing off the costs on our children…

while raking in billions of tax payer 💵

It’s a racket

[Kyle Redinger @kyleredinger]

This property may be in Charlottesville, VA

[m. stanfield @resetbasis]

Jfc, here's a pitch I just got.

- property is currently losing ~130k per month
- proforma NOI 2.2M (because...math and stuff)
- Two fatalities in the past 12 months
- Seller "not interested in taking a loss"

That's right you small-time fucks, us big guys see all the prime deals

[Kyle Redinger @kyleredinger]

@UVA also a NIMBY... Incredible.

[Kyle Redinger @kyleredinger]

@StevenLJohnson @Topofthe5th I think it's a shortage near campus that's the problem. I mean we could build 200k of office for UVA at 5th Street, but they don't want to be there.

Not to mention they gave up on their office park up 29N.

[Kyle Redinger @kyleredinger]

Commercial RE in trouble.

[MacroEdge @MacroEdgeRes]

@DonMiami3 @TreppWire 10.8% of office CMBS is delinquent (or) already in the special servicing default process:

[Kyle Redinger @kyleredinger]

@Topofthe5th @StevenLJohnson UVa defaulting and/or stopping growth would be very harmful to the region. I can't even imagine how bad that would be, but the hospital system has 10% y/y growth; hard to see that slowing in near term

UVA also has so must prestige vs avg higher ed. Hard to see that changing.