@tyleralley is right, and I’ve been hearing this across the board.
The real big money strategy is locking up 3+ acres for economies of scale, ground leasing at least one of the pads, selling another, and using that reduced land basis to make the BTS numbers work.
Retail development used to be very tenant-relationship driven.
I think that play (with some exceptions) is mostly dead.
Or at the very least can't be the heart of a retail developer's strategy anymore.
Here's why 🧵
@jalenbrunson1 is the champ I didn’t know we needed.
The man is all class, great attitude, and hard work.
Other than Bron, haven’t seen a champ like this since Kobe.
The NBA is so back baby.
My wife wanted to hire a handyman for (probably a few hundred dollars) because our washer kept restarting anytime it spun heavy items and showed an instability error.
- New suspension rods: $30
- Time required to fix: 2 hours
Proving yet again that we don’t need a handyman: priceless
You can’t help but appreciate hearing a guy in Los Angeles, wearing a t-shirt, shorts, and flip flops walking by saying:
“It’s just an LOI. It’s non-binding…”
Whoever you were giving them hell in front of KatsuBar on Wilshire Blvd at 12:30pm today, I hope you close that deal!!
Here’s an unpopular truth in CRE that rarely gets said out loud: If you’re a buyer -- befriending active agents who control a good amount of inventory is one of the highest-ROI moves you can make.
And no, I’m not saying that because I’m an agent. I’m saying it because it’s often forgotten, underestimated, or maybe even ignored entirely.
Agents spend many hours every week prospecting for enticing deals, tracking and building rapport with owners, servicing our best clients, and curating opportunities. Given the high demand of certain opportunities, those often times don't hit the market. And the buyers who strengthen relationships with brokers the same way brokers strengthen relationships with sellers… consistently win more deals.
No special tricks. No secret shortcuts. Just two requirements in either scenario: performance and character.
Ideally every deal crosses the finish line! But the reality is some won’t. What matters just as much is how both sides show up. If everyone operates in good faith, communicates transparently, and genuinely tries to execute, that's usually the only other acceptable currency outside of an actual closing.
In CRE, deal flow follows trust. Build that, and everything else becomes easier.
The best leaders aren’t always the most naturally gifted. They’re the ones who had to fight their way into the room, learn from experience, and build systems around their skills. Leadership isn’t about brilliance—it’s about clarity.
#NegotiationSkills#BlackSwanMethod #BlackSwanGroup