Turning CRE chaos into closed deals | Lean Six Sigma Black Belt | San Diego
San Diego, CA
Joined September 2017
- Tweets23.4K
- Following2.5K
- Followers10.4K
- Likes166K
Matthew Smith retweeted
The Bitcoin collapse is gathering steam. I expect the momentum to pick up once Bitcoin breaks $50K. In fact, once it does, it could be a quick trip to the 2022 low below $16.5K. I wouldn't be surprised to see a retest of that level before year-end. If so, it's curtains for $MSTR.
Matthew Smith retweeted
A popular theme park in California was sold to Prologis (largest industrial property owner in the world) and it will now be converted into industrial.
It's California's Great America in the Bay Area.
Cedar Fair (now Six Flags) bought the land (112 acres) from the city in 2019 for $150M.
They then sold it to Prologis in 2022 for $310M (a cool $2.77M / acre).
The lease runs until next year and at that point their closing the theme park down, paving the way for Prologis to re-develop it.
Prologis is the leader in new warehouse development but conceivably this could be a data center or advanced manufacturing facility.
Interestingly, old industrial properties used to be converted into other uses (ie/ apartments, art galleries, pickleball 🙄, etc) but there seems to be a reversal of that trend where high profile real estate parcels are attracting industrial developers.
Thanks @nickeyhorn for sharing the story.
Matthew Smith retweeted
There are multiple large portfolios under contract in Los Angeles right now that are going to fuck up the comps.
Some of the prices I am hearing feel unreal.
Prime real estate trading at 2009 prices.
Wild.
Outlook down? We got you.
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Comment TEMPLATES to get them.
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This is extremely concerning @ReidBennettCCIM you are up next
New: Mayor Brandon Johnson’s CFO resigns after three months on the job, saying she is no longer able to fulfill her duties to provide accurate statements about the city’s finances.
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Matthew Smith retweeted
The scariest thing about this outage -
Is that someone, somewhere is typing up a long LinkedIn post explaining the 5 lessons he learned from the 5 hours Outlook was down.
Or how they overcame the outage to close a deal.
Hoping my fears are overblown.
Matthew Smith retweeted
My 1 Bedroom Condo in PB is probably worth more than my mother's luxury 2BD Condo in the Gaslamp she bought brand new.
San Diego is absolutely fucked to the gills!
This happens to me all the time
It’s INSANE this BS that @Uber drivers pull to SCAM riders out of a cancellation fee is still allowed
The driver accepts your ride, then hides from you, banking on you giving up and paying to cancel
Just happened to me AGAIN in West Palm Beach.
Yet the driver’s still considered “top rated.” What a joke.
At this point, I just order a Lyft and make the Uber scammer give up and cancel himself.
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Matthew Smith retweeted
I am working with a corporate seller that is looking to sell their vacant IOS property in Jacksonville by end of the year.
3 acres with 22k sf building.
Looking to connect with qualified buyers with proof of funds who can get this done.
Seller willing to sell at a discount.
Want an invite to Claude Duet? It’s a new proactive agent, in research preview, that acts as your personal chief of staff to help you stay on top of daily tasks.
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Matthew Smith retweeted
EMAILS ARE DOWN AND FAST FOOD PRICES ARE UP!!
keep ignoring your emails & quote this with #chilis3forme and tell us how much you paid for your last overpriced fast food "value meal" and we'll pick 500 people and give them a free 3 For Me on us!!
OK, this is insane
My brother’s friend drives a Tesla. This is 3 videos of the same accident. The Tesla, on self drive, sees the approaching car coming from behind at excessive speed and moves out of the way. Driver of speeding car was killed. Amazing technology @elonmusk.
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