4.8 • 983 Ratings
🗓️ 1 January 2023
⏱️ 40 minutes
🧾️ Download transcript
John McNellis is the principal at McNellis Partners, a commercial development firm. In this episode, he tells us why he thinks 2023 will be a challenging year for real estate, his thoughts on the current state of office and multifamily, his advice for beginners investing in retail, and why he believes real estate success is all about supply constraints.
Principal at McNellis Partners, a commercial development firm.
Previous episodes:
Portfolio:
80+ projects — primarily shopping centers, also some office and residential
Based in: Palo Alto, CA
Greatest Lesson: Procrastination is the death of success.
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1:21.7 | Most better run strip centers. |
1:24.0 | You require sales from these tenants. |
1:26.0 | So if I'm going to tie up your shopping center, |
1:29.0 | the first thing I'm going to want to see is the rent roll and the leases |
1:32.0 | and then I want to see what are the |
1:34.2 | sales of these tenants. If they all have good sales, then you're okay. Yeah, those work really well. |
1:39.8 | Welcome to the best ever show, the world's longest running daily commercial real estate podcast. |
1:45.0 | Our hosts interview commercial real estate experts every day to get you the best advice ever with none of the fluffy stuff. |
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