The Real Estate Espresso Podcast

On today’s show we are talking about the conversion of office space.  The problem with most office buildings is that they are the wrong shape to build apartments. Many office buildings are square in shape and most apartment buildings are rectangular, or L shaped, or U shaped.  Apartment buildings need lots of windows. Living rooms need windows and bedrooms need windows. Offices do benefit from nat...

On today’s show we are looking at what might become another tectonic force in the world of real estate investing.  The White House provides a steady stream of topics that are worthy of discussing on any real estate podcast. This week is no exception. On Tuesday of this week, the President floated the idea that maybe houses will be exempted from capital gains tax. The thinking is that this would st...

On today’s show we are looking at the impact of data centres on the local economy where these are located. We are looking at the energy component, and the technology life cycle.  You have no doubt heard the statement that “energy is the economy.” It is true that for every unit of GDP there is an equivalent unit of energy consumed somewhere in the world.  But in this instance, energy is the lifeblo...

On today’s show we are talking about changes in lending policies and how these are affecting commercial real estate loans.  But first. I’d like to give the listeners to the podcast the opportunity to be among the first to get visibility of an exciting new project that will form part of our industrial portfolio. The project is located on a 21 acre parcel in Bradenton Florida. This is an area that h...

On today’s show we are talking about math. Yes, I know, not everyone likes math. We are going to be talking about the concept behind the time value of money and the different measures that are used to describe the time value of money.  So when we are talking about time value of money, we can talk about the present value, the future value, and rates of return as all related by the same types of mat...

Zach Westerfield is based in Forsyth Georgia where he specializes in renovating historic properties. The economics of these projects are impossible without the inclusion of either Federal or State tax credits that are confined to specific historic districts and properties that meet the historic designation criteria. This is a fascinating segment that is often overlooked. To connect with Zach, visi...

Jace Graham is with Rising Phoenix Capital where he invests in oil and gas leases. This is the real estate end of the oil industry which is entirely based on royalties. To learn more, visit https://www.laplatapeakfund.com/ ---------------- **Real Estate Espresso Podcast:**  Spotify: [The Real Estate Espresso Podcast]( https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1 )    iT...

I’d like to give the listeners to the podcast the opportunity to be among the first to get visibility of an exciting new project that will form part of our industrial portfolio. The project is located on a 21 acre parcel in Bradenton Florida. This is an area that has an acute shortage of property that is even zoned for industrial uses. The project is not open yet for investment. This is an opportu...

On today’s show we are talking about how some trade measures make no sense whatsoever. If you have children who grow into adults, you know that if those children become overly dependent on their parents, they ultimately fail to launch. These are the children in their 30’s and 40’s still living at home with their parents and having their parents subsidize their lifestyle. There is no incentive for...

We keep hearing the refrain that there’s billions of dollars sitting on the sidelines for commercial real estate. Well if that’s true, then why is it so hard to raise capital in the current environment? Every investor and every developer I speak with is saying that investors are sitting on their wallets.  There is a substantial amount of dry powder available for commercial real estate investment a...

If you’ve been listening to this show for a while you will know that I’m a proponent of the law of supply and demand. To me, the law of supply and demand is a little like gravity. If you choose to try and fool gravity, you’re probably going to end up on the losing end of that bargain. It’s the same with supply and demand.  On today’s show we are looking at three forms of downward pressure being ex...

On today’s show we are talking about access to US Federal low income housing tax credits. This is something that frankly has not made headlines.  The Low-Income Housing Tax Credit (LIHTC) program is the primary federal program for encouraging the development and preservation of affordable rental housing in the United States. Here's how bonding capacity links to LIHTC and how recent legislation...

Ross Slutsky is a commercial appraiser based in Orlando Florida. On today's show we are talking about valuation methods that can result in significant tax savings, particularly if there are future events that can make the realization of that value contingent on those events. You can learn more by visiting pcecompanies.com or emailing Ross directly at rslutsky@pcecompanies.com . --------------...

Cheri Kuhn is an implementor with EOS Worldwide and is based in Seattle Washington. EOS is the Entrepreneurial Operating System that is currently used by thousands of small businesses across North America. It's based on the work of Gino Wickman who wrote "Traction" and "Rocket Fuel" and numerous other books on how to run a business successfully. On today's show we are t...

On today’s show we are talking about a growing trend in the office market. This was reported last week in Urban Land Magazine. It seems that U.S. Office Tenants Are Becoming Buyers. Deep discounts, favorable financing, and long-term benefits are turning users into owners. ------------- **Real Estate Espresso Podcast:**  Spotify: [The Real Estate Espresso Podcast]( https://open.spotify.com/show/3Gv...

Today’s show is another AMA episode (Ask Me Anything). Marc asks, “We received a quote from a general contractor that is way above the expected averages for the actual square footage of the building. I’ve attached a copy of the quote and the drawings for the building. I’d love to get your thoughts on whether I need to readjust my expectations for what this project will cost to build.” -----------...

At Y Street Capital, we are specialists in storage and light industrial. If you are interested in getting exposure to a portfolio of storage projects including retail, industrial and boat & RV, our storage fund might be perfect for you. To learn more visit ystreetcapital.com On today's show we are talking about how pension funds manage asset allocation and whether individual investors can...

Today’s show is the second in a mini-series on the changing face of business. On Friday’s show we talked about how Google is keeping search traffic on the Google platform and is not sending organic search results to the source pages in the way it used to. Traffic to businesses is dramatically reduced. This will cause many businesses who relied largely upon organic search to either adapt to whateve...

Jim Ross is based in Phoenix Arizona where he is a partner at the accounting firm Pro Vision. On today's show we are talking about the provisions of the latest US tax legislation that was signed into law on July 4. The focus of our conversation is the aspects that specifically affect real estate investors. To connect with Jim, visit https://www.provisionwealth.com/ ------------ **Real Estate E...

Robby Butler is Managing Director and head of capital markets at Y Street Capital, our development company. On today's show we are talking about attacking complexity and simplifying business processes. To connect with Robby, he can be found on LinkedIn at https://www.linkedin.com/in/robby-butler/ or at Y Street Capital . ------------- **Real Estate Espresso Podcast:**  Spotify: [The Real Estat...

On today’s show we are talking about the changing face of business. This is the first in a two part series that explores the connection between the online world and the offline world. We live in the offline world, even though it seems at time that we spend much of our time with a device in our hand.  I need to first start with a distinction between marketing and sales. On today’s show we are talki...

On today’s show we are looking at a divergence between lumber futures prices and current lumber composite prices.  These two graphs always tend to track each other, sometimes with a small delay. But the prices always follow the futures. However, this is a moment in time when the lumber futures are diverging.  The week-to-week framing lumber composite price fell by 0.5% on June 27, 2025, declining...

On today’s show we are looking at what the Fed could do that would cause a major increase in demand for US Treasuries. If the demand for Treasuries were to increase, the prices would rise and the market rate for those bonds would fall.  The US Treasury would no longer be dependent on the interest rate guidance coming from the Federal Reserve. That could save hundreds of billions per year in intere...

Genesis is a profound exploration of how artificial intelligence is reshaping the human experience—our cognition, ethics, politics, and even our sense of self.  Our book this month was co-authored by three people. Eric Schmidt who was the CEO of Google for nearly 20 years. In the last 15 years Eric Schmidt and Henry Kissinger developed a deep friendship which turned into several collaborations. He...

On today’s show we are taking a look at two different measurements of the exact same thing. Imagine for a moment that you wanted to cut a piece of wood. You take out your trusty tape measure and measure the distance you think you need. But then along comes an economist who says, “Oh no. You’re not going to use that simple tape measure are you? That will only give you a nominal measurement. There a...