Before bed last night, I came across this New Yorker article from 2016 that I thought was fascinating and broadly useful for both life and business. In it, Maria Konnikova talks about how people learn to become resilient. And she starts by citing the work… Read More
Monthly archives of “April 2021”
The price of lumber is up about 193%
Many of you are probably acutely aware that the cost of lumber has risen dramatically over the last year. Builders are building and many people seem interested in renovating their home right now — so demand is outstripping supply. But here is a chart from… Read More
The sources of wealth
Back in the old days, and by the old days I mean the 1980s, there were a handful of ways in which you were likely to get rich. You either inherited it, or you made it in oil or real estate. The Forbes list of… Read More
Building on top in London — how airspace developers are creating new housing supply in a tight market
London has a breed of specialist developers that are known as rooftop or airspace developers. What these developers do is build on top of existing and occupied buildings — mostly residential. Firm examples include Upspace and Apex Airspace. According to this recent WSJ article, the… Read More
A circular spaceship in Winnipeg
Winnipeg has a building along its waterfront that, I am told, is affectionately referred to as the “spaceship.” Designed by the award-winning architecture practice, 5468796, the spaceship is a 41-unit circular condominium building that is raised up on 35 foot stilts in order to fabricate… Read More
Just how valuable is public transit?
Benjamin Dachis and Rhys Godin of the C.D. Howe Institute have a new report out talking about the effect of COVID-19 on the future of public transit in Canadian cities. In it, they make the argument that public transit is a key enabler of the… Read More
How the world changed over the last 37 years
Google Earth has a feature called Timelapse that combines millions of different satellite images to show you how the world has changed over the last 37 years — sometimes for the better and sometimes for the worse. It’s a feature that’s been out for a… Read More
Essential food logistics
Blair Welch, co-founding partner of Slate Asset Management, was recently interviewed by Don Wilcox of RENX about the company’s recent acquisition of the Commercial Real Estate Business of New York-based Annaly Capital Management. As part of the deal, we also acquired $0.4 billion of grocery-anchored… Read More
New York City rolls out contactless fare payment at every single subway station
I’m late to the party here, but I was reading this morning about how New York City recently completed the rollout of its One Metro New York (OMNY) fare payment system. What this does is allow you to use contactless payment systems, like Apple Pay,… Read More
London super prime and the City Trifecta Index
The latest (15th) edition of Knight Frank’s annual The Wealth Report was published last month. I find these interesting because they give you a global view of how and where capital is flowing into real estate (specifically prime real estate). London, for example, did rather… Read More