It’s hard to overstate how volatile this year has been for capital markets—and for those of us navigating development, dealmaking, or capital raising in commercial real estate, the last thing we needed was another curveball. Yet, just days ago, we got one: a sweeping...
The Week in Review – May 2025Before the headlines turned to Vatican smoke signals and Bitcoin’s victory lap, a new U.S.–UK “trade deal” made its debut from the Oval. I use that term loosely. Call it a framework, call it a handshake, but don’t call it clarity.The big...
There was a time when Wall Street’s biggest risk factor was something tangible—oil prices, war, a Lehman moment. But this week, the markets got spooked not by a natural disaster or geopolitical conflict, but by something far more elusive: a passing comment about...
The big money is moving quietly, but deliberately.Family offices—those private entities managing the capital of ultra-wealthy families—are ramping up their exposure to commercial real estate in 2025. And not by accident. According to the latest Knight Frank Wealth...
Yesterday, I spent the day at the Milken Institute Global Conference in Los Angeles — the annual collision of finance, tech, and policy that turns the Beverly Hilton into ground zero for dealmaking, bold claims, and off-the-record truths. And while the coffee was...
In an industry obsessed with next quarters and next exits, the most powerful thing you can do is play the long game. Warren Buffett did that better than anyone.This weekend in Omaha, amid 40,000 people hanging on every word at what’s basically Coachella for capital...
