Real Estate John McNellis Real Estate John McNellis

Empty Offices: A Life Science Solution?

Very, very few office buildings lend themselves to residential conversion, and even the handful of skinny buildings that do would require massive public subsidies to pencil out. Some landlords have another idea: converting their emptying portfolio into life science buildings.. How hard could such a conversion be?

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The Art *on* the Deal

“There is no there there.” When Gertrude Stein wrote that deathless line about Oakland, it seems she wasn’t being snarky after all; she was grieving over the loss of her girlhood home to its path of growth. What would the poet say today?

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California Flame-Out?

“Scotts Valley evacuated. Our Safeway center is shut down,” my partner texted last Friday. That meant four of our shopping centers in Northern California were threatened by wildfires.

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A Vaccine for Retail?

Retail has the virus. Just as with people, different retailers are reacting to this infection very differently. Ailing merchants with comorbidities are suffering — or dying — while those without long-term illnesses are asymptomatic, even healthy.

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