Detroit’s $1 Billion Riverfront Gift Shows What Turnaround Markets Really Lack
Dan Gilbert’s nonprofit pledge for the Renaissance Center and East Riverfront shows that in turnaround markets, the missing pieces are patient capital and public financing, not ideas.
Detroit’s $1 Billion Riverfront Gift Shows What Turnaround Markets Really Lack
Dan Gilbert’s nonprofit pledge for the Renaissance Center and East Riverfront shows that in turnaround markets, the missing pieces are patient capital and public financing, not ideas.
Builders Are Permitting but Not Finishing, and the Cost Clock Keeps Running
September data shows 1.4 million permits against 1.19 million completions, while JLL says 3% to 6% annual cost growth is the new baseline, which makes waiting for lower rates an expensive bet.
New York’s 99-Unit Ceiling Shows the Tax Code Is Now the Architect
New York’s latest 485-x filings show developers stopping one apartment short of stricter rules, and the math explains why the city keeps getting smaller buildings than its land can hold.
Florida’s Homestead Tax Cut Doesn’t Make Housing Cheaper, It Moves the Bill
Amendment 3 would cut bills for established Florida owners, but the cost lands on renters, newcomers, and local services in a state already losing its migration edge.
Millionaires Are Renting by Choice, and That Tells Us Who the Market Serves
RentCafe counts more than three times as many million dollar renter households as in 2020, a small group that explains a lot about optionality, capital, and a split housing market.
Faster Permits and Robot Factories Help, but the Lot Is Still the Bottleneck
Bloomberg's grants to 30 city halls and D.R. Horton's robotics deal each attack a real cost of building a home, and both leave the hardest one untouched.
Power Is the New Zoning, and Most Land Underwriting Has Not Caught Up
Site selectors now rank electricity above labor, and a grid emergency covering 67 million people shows why the megawatt has become the scarcest input in land.
Texas Built Its Way to a Buyer’s Market, and the Accidental Landlords Are the Fine Print
Bidding wars have mostly vanished across Texas while Houston leads the nation in sellers turning landlord, a split that rewards supply and punishes the 2022 to 2024 buyer.
The Bridge Loan Bet Is on the Wrong Side of Higher for Longer
Green Street shows the CRE price recovery stalling as the 10-year holds above 5%, while owners keep rolling floating rate bridge debt and betting that rates blink first.
The Rent Squeeze Is Climbing the Income Ladder Just as the Supply Cushion Runs Out
Middle-income renters are falling behind even after three years of softer asking rents, and the apartment supply wave that made those rents possible is now fading.
The Next Starter Homes Are Hiding on Golf Courses and Small Lots
A city golf course sale in Virginia Beach and a lot size ballot question in Massachusetts show that the housing shortage is a land and entitlement problem first.
Seven Percent Mortgages Are Back, and the Supply Problem Is Next
A quarter point weekly jump in the 30-year rate is a buyer problem this fall, but the bigger cost of higher long rates is the housing that never gets financed.
Why We’re Buying Land, Not Building, in This Part of the Cycle
Kaufman & Company’s President & CIO on why the platform is running its land pipeline harder than its construction pipeline right now, and what has to change before that flips back.
What Lean Six Sigma Taught Me About Modular Construction Timelines
Oldivai Capital’s COO, a Lean Six Sigma Black Belt, on applying manufacturing-floor discipline to a modular housing schedule, and where most operators still let variance creep back in.
The Entitlement Process Is the Real Underwriting: What Kills Deals in Zoning
Kaufman & Company’s General Counsel on why the spreadsheet is the easy part, and the planning department is where most deals actually live or die.
Private Credit Has Quietly Replaced the Regional Bank for Mid-Market Developers
Kaufman & Company’s CFO on a structural shift in construction and bridge financing that most sponsors under $50M in annual originations haven’t fully priced in yet.
What Emergency Medicine Taught Me About Underwriting Workforce Housing
Oldivai Capital’s CEO, a practicing emergency physician, on the diagnostic discipline he brought from the ER into real estate, and why housing instability shows up in his patients before it shows up in any market report.
The Case for Fewer, Larger Positions: How We Think About Concentration Risk
Diversification is supposed to be free risk reduction. Kaufman & Company’s CIO argues that past a certain point, it just means owning more deals you understand less well.
Ground Leases Are Having a Moment, and Most Sponsors Don’t Understand Why
Kaufman & Company’s General Counsel on the structural reasons ground leases are reappearing in deals that wouldn’t have considered them five years ago.
On-the-ground investor reporting curated from KeyCrew’s real estate desk, market by market, deal by deal.
Loading investment intel…
Deal announcements, launches, and groundbreakings across the Kaufman & Company platform and the wider industry.
Loading industry wire…
LandBriefing Hot Spots
A weekly read from LandBriefing, Daniel Kaufman’s National Land Opportunity Watchlist published by Kaufman Real Estate & Consulting, 14 metros scored for land-investment opportunity. Hover a marker for the read, click through for the full brief.
LandBriefing Mountain Watch
A monthly read from LandBriefing, Daniel Kaufman’s tracker for land and housing opportunity across America’s mountain resort and gateway towns, scored by asset class — affordable housing, market rate, luxury, land, commercial, and hospitality. Hover a marker for the read, click through for the full breakdown.
25+ Years, $2B+ Deployed, One Discipline: Underwrite the Downside First
Daniel began his career building, lending, and investing in Detroit in 1992. He now leads Kaufman & Company, a permanent-capital holding company spanning ten operating companies, from workforce housing to data-center infrastructure, and writes on real estate and capital markets for the Journal, Substack, and Medium.
Perspectives, deal news, and investor intel, twice a week, no fluff.