quitting retwit anon (ex Industrial RE ANON)
@YOCspread
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send the analyst to the jobsite trailer
California, USA
Joined September 2012
I told guys at Investment Committee that make $5MM-$10MM a year that Cap rates don’t matter and was immediately fired.
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Twitter makes fun of w2’s but I know someone with $700k in watches and 30 days PTO A year so there is that.
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My little MEP designer who was probably a $10MM company got bought out by Michael Baker and immediately their service sucks.
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It shocks me how there are big developers out there who truly do not understand (without knowing) how to properly review a time claim delay from a GC. Just because there was a delay it does not mean the GC is entitled to add to their completion date. You need to understand -
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City hosts an Industrial round table with all the institutional owners on a call soliciting feedback on some new zoning use definitions. It’s amazing how dumb some Principals will make themselves look on a zoom call in front of all your peers.
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This is why I am spending more time in Texas.
The "Inland Empire industrial real estate is bulletproof" lie is about to get exposed. Millions' SF of Vacancy. When your manufacturing, logistics or service tenants/businesses realize that $0.45/kWh, $25/hr minimum wages, work comp, lawsuits, fuel costs, etc aren't "the cost
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Who are these $400k plus earners over 40 years old who look at the 2020 graduate on LinkedIn with a podcast raising money thinking this is a sweet opportunity? I don’t think there are any. There can’t be.
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The analyst when he visits the Jobsite trailer
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Recruiter: “we are a very flat organization and you just get to work with so many people. Titles don’t really matter much here” Buddy who works at said firm- Wtf no way bro, it’s a caste system. Associate, manager, senior manager, director, VP, svp,md all make $150 to$2MM wtf
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If you are a developer in Texas and can’t get your site to pencil we are active buyers for class A industrial . Will take permitting risk and are completely in house. All cash buyers. Long term owners. We pay brokers their full fees too. DM.
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I’m quitting everything retwit to focus on what Twitter was really meant for: memes, sports and propaganda. My email remains open to talk about anything real.
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Stealing primary power cables is ballsy. FYI this is why our infill developments have full time security prior to a building being fully leased. $20-40k a month. Given the bart rails in background I’m guessing near international blvd somewhere.
In broad daylight, this truck went from location to location stealing copper. A neighbor called the cops and no one even answered. Oakland city hall is all talk and no action.
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California greenfield development - I annexed a site that was already zoned industrial into the City (to build industrial). Surrounded by other adjacent industrial sites. The only “homes” nearby were bought up by trucking companies and illegally being used as parking. We said
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Got a new investor to seed my emerging GP platform developing class A industrial in Texas. They are called CTT Oil Exploration and Cattle.
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When dealing with wetlands on a site. Why you may not want to pursue an Army Corps of Engineers Individual Permit vs a Nationwide Permit in TX: Out of the Fort Worth TX office, I have been told that office handles 2/3 of the entire state projects, and there are 3 plan reviewers.
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Top shelf winter lunch I’m passing to my kids: Borscht Salad olivieh Piroshki
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been working 2 different markets the last 2 years that look like this: 150k building CA: $85/sf TX; $65/sf Land cost CA: $50-60/LSF TX: $15/LSF Rents: CA: $1.90/sf TX: $1/sf
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To all the asset managers and property managers of industrial real estate. Let me offer something. Your company developed a new industrial building on clay soils with a natural Potential Vertical Movement of 5-6”. Your soils report was probably designed to mitigate that
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