The Real Estate Espresso Podcast

Gino Barbaro is based in St. Augustine Florida where he forms half of the Jake and Gino pairing. On today's show we are talking about the current market conditions and what to look out for. To connect with Gino, visit JakeandGino.com and listen to the Jake and Gino podcast. -------------- **Real Estate Espresso Podcast:**  Spotify: [The Real Estate Espresso Podcast]( https://open.spotify.com/s...

Jon Howard heads up the science lab specialty at the architecture firm of HED. He is based in Chicago, but designs these buildings nationwide. This is an interesting segment that is less dependent on economic cycles. To connect with Jon, visit hed.design ------------ **Real Estate Espresso Podcast:**  Spotify: [The Real Estate Espresso Podcast]( https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0...

On today’s show we are taking another look at interest rates. We’re taking a walk through history. In Wednesday’s Federal Reserve press conference, Chair Jerome Powell suggested that there could be a quarter point cut in interest rates in September if conditions warrant. He said that rate decisions would be data dependent and taken on a meeting by meeting basis.  But I want to take you through his...

On today’s show we’re dissecting the latest Fed rate announcement. While the power of the Fed is often overstated, they do still influence market sentiment in ways that are difficult to fully dissect.  Chair Powell said in his opening remarks that the Fed was making excellent progress against their dual mandate of maximizing employment and maintaining price stability. In meetings over the past two...

On today’s show we are looking at the industrial segment. Warehouses and manufacturing space were the darlings of commercial real estate over the past couple of years. This segment is also showing signs of being overheated.  We have nearly 4 times the amount of new product hitting the market as we have space being absorbed.  ------------ **Real Estate Espresso Podcast:**  Spotify: [The Real Estate...

Today’s show is a case study in due diligence. Last week our company put a property under contract for an industrial storage facility in Jacksonville Florida. We asked the seller for the usual list of due diligence deliverables. But the seller said they were only willing to send the due  diligence items after the property was put under contract.  They provided a complete due diligence file which i...

On today’s show we are taking a look at an economic indicator. This indicator is suggesting that it’s time for the Fed to recognize the economic weakness and start cutting rates.  While rate cuts are positive for real estate investors, we have to remember that a rate cut is a sign of economic bad news. All of this despite this week’s unexpectedly high GDP measure for Q2 which was at 2.8% on an ann...

Mark Natale is based in Atlanta where he helps real estate developers create a brand for their properties on a nationwide basis. This was a great conversation and Mark is clearly an expert in this domain. ---------------- **Real Estate Espresso Podcast:**  Spotify: [The Real Estate Espresso Podcast]( https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1 )    iTunes: [The Real Es...

Howard Lorey is based in Beverly Hills where he is the Executive Vice President and Brokerage Manager for the Beverly Hills office at Nourmand and Associates. On today's show we are talking about the changing face of brokerage and how it's impacting the luxury segment. To connect with Howard visit: https://nourmand.com/agent/howard-lorey --------------- **Real Estate Espresso Podcast:**  S...

A few weeks ago we spoke about the surge in residential real estate in parts of Florida. Inventories are up in several markets. But we are also seeing a surge in condos appearing on the market in South Florida. In fact, the condo sale inventory is up 90% in South Florida and the volume of transactions has fallen through the floor. The number of sale transactions was the lowest it has been since 20...

On today’s show we are talking about what in some locations is a scarce resource. The headlines decry shortages of fresh water. Certain water sheds have been abused over the past century. The Colorado River is one example of those powerful rivers that seemed limitless. It flows through 7 states and 2 states in Mexico. So many communities along its path would not exist if it were not for the water...

On today’s show we are taking a look at the most recent announcement from the Bank of Canada. Today the Bank of Canada lowered its benchmark rate by 0.25% to 4.5%. That means the US and Canada have a full percentage point difference between the benchmark lending rates of the two central banks.  This makes for two back to back rate cuts in Canada. The Bank of Canada cut its key lending rate by 0.25...

On today’s show we are talking about cognitive dissonance. Cognitive dissonance is the discomfort a person feels when someone's behaviour does not align with their values or beliefs. Cognitive dissonance occurs when a person holds two contradictory thoughts at the same time. Here’s an example. Ice cream is bad for me. I want some chocolate ice cream. These two thoughts are seemingly at odds wi...

On today’s show we are talking about mission critical systems and the design principles that sit at the core of these systems. We keep hearing about catastrophic outages of key infrastructure. A few weeks ago the city of Calgary was facing a severe water outage. Over the past month, the network of Chrysler auto dealerships was facing a system wide outage that persisted for several days. This past...

On today's show we are talking about why many people fail to achieve their goals. There is a distinct process that results in a better track record for achieving goals. You're invited to our annual goal setting retreat coming up on November 10. This intensive workshop requires focus and hard work in order to set great goals. To learn more, send an email to podcast@victorjm.com and put the...

John David is based in Miami Florida where he assists developers with public relations on a nation wide basis. On today's show we are talking about the strategies that are most effective when dealing with community opposition to projects. To connect with John, visit davidpr.com --------------- **Real Estate Espresso Podcast:**  Spotify: [The Real Estate Espresso Podcast]( https://open.spotify....

On today's show we are talking about how the US Federal Government manages and disposes of about 1/4 of the entire land mass of the United States. There is a handy report published by the Congressional Research Service which summarizes all of this. The report can be found at https://crsreports.congress.gov --------------------- **Real Estate Espresso Podcast:**  Spotify: [The Real Estate Espre...

On today’s show we are taking a look at what the bond market might be signalling when it comes to the US economy and the global economy.  We have known that the yield curve has been inverted for a record period of time, more than 2 years as of now. An inverted yield curve happens when the short term interest rates are higher than long term interest rates. The classic metric has compared the yield...

On today’s show we are talking about underwriting of residential apartment properties. I look at financial models from other developers on a regular basis. I tend to see the same mistakes over and over again.  On today’s show we’re going to cover the top 7 omissions that I see in financial models. When these assumptions are incorrect, then there is very little the property owner can do to recover...

Building a business is difficult. That’s true of all businesses, regardless of the industry. It takes hard work to build a team and to figure out what works and what doesn’t work. There will be mistakes along the way and corrective action and if not then the business will probably fail. Then there are those people who look for a misguided shortcut. Working with experienced people is the key to com...

On today’s show we are talking about one more headwind that is facing the multifamily apartment market across the US.  2023 was a record year for new apartment completions. There were a total of 440,000 apartment completions in 2023 according to RealPage. Some other estimates put the number as high as 510,000 units.  There are several markets that are oversupplied as a result of this surge in buil...

Billy Brown is based in Nashville Tennessee where he works as a commercial mortgage broker. On today's show we are talking about the types of deals that are getting done, and where deals are struggling. To connect with Billy, visit billybrown.me --------------- **Real Estate Espresso Podcast:**  Spotify: [The Real Estate Espresso Podcast]( https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?s...

Jonathan Miller is based in Denver Colorado where he is part of the leadership team of a national wealth management practice called Parsonex. On today's show we are talking about what wealth management clients are looking for in terms of alternative investments. To connect with Jonathan visit parsonex.com ----------------- **Real Estate Espresso Podcast:**  Spotify: [The Real Estate Espresso P...

What drove the Fed to change their tune? In the most recent testimony in front of a congressional committee, chair Powell spoke about getting closer to their stated 2% target. But clearly the numbers are still elevated. The restrictive monetary policy is serving to bring demand and supply into better balance and to put downward pressure on inflation.  He said that moving too soon or too much could...

 Today’s show is an observation based on years of a particular pattern repeating itself. When that pattern of progress is disrupted, people become dissatisfied and we start to experience fragmentation and chaos. There is an expectation that every year someone wants to get ahead. Even in an inflationary environment, people need to see their income increasing. We know that there is widespread discon...