StripMallGuy

True life hacks: -asking for things -delayed gratification -knowing how to follow up without being too annoying -being comfortable with silence -a sense of urgency -genuine curiosity The people who possess all these traits cannot be stopped.

City is telling us every parking spot needs to be within 50 feet of a tree. Which state? Texas

Everybody has that one key employee. You know, you love them, they're a huge part of what you do, and they mean so much to your company. But, when you look down and see their name pop up on your phone, it's rarely good news, and you usually have a new issue to solve😆

Wild to think that just a few years ago the 5-year Treasury yield hit 0.2 percent, and many thought that was the new normal. No, not 2%, which was crazy in itself .2%. Point, two, percent. How did we not all think that was nuts! Today's rates that seem crazy? Quite normal

Friday morning walk. Going through every one of our properties in my head. What to prioritize. What the bottlenecks are. Who’s doing what. Always leads to new ideas and problems getting solved, and new notes jotted down. Most productive part of my day.

Latest investor update just went out! I don't know that many share this enthusiasm for writing long updates, but you may have noticed that I sort of love to write 🤓 Short excerpt: "The trends of the past couple of years persist, as the retail market continues to benefit from a near all-time low vacancy rate of around 4%, and very little new product. Retail asking rents continue to rise nationally as tenants compete for limited space, and small, well-located spaces commonly attract multiple offers from both local and national tenants. Although we are currently marketing only two of our properties for lease, we are already seeing rental rates that are exceeding our initial projections."

Yesterday I drove through San Francisco for the first time in a while. South of Market, through the heart of Downtown, Pine Street, and then to the Marina. No idea how it happened, but it's the cleanest I've seen San Francisco in over ten years. Very unexpected surprise!

Broker listed our restaurant building for sale last week. One offer has already come in, another expected today. I asked him what he’s doing: “We’re cold-calling every single damn restaurant operator in the market!” Shout out to Yuri Sergunin, CCIM 🙏

Feels like transaction volume has slowed down further as sellers gain conviction in their belief rates will indeed come down.

Witnessed a family of four having a meal at a sit-down restaurant today. Mom-and-pop owned. The dad complained about the meat having too much fat on it. As they wrapped up, the owner refused to accept any money from him. “If you’re not happy with the food, I’m not taking your money.” The customer insisted, kept trying to give the owner a $100 bill. He wasn’t having it. He wouldn’t take his money. It was a first-time customer. Genius.