@notxnote @Mr_Neutral_Man @rhunterh @RealAssetsValue
How low can $clpr go?
Is there going concern risk?
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caiguy
2.8K posts
$CLPR The financial ruin of Clipper Realty Inc happened because executives David Bistricer and Sam Levinson borrowed too much money and stopped paying it back. The problems started on 07/10/2024, when the company failed to make payments on a 100.000.000$ loan for a building at 141 Livingston Street, causing a debt collector to demand 2.200.000$ in reserve payments, 1.200.000$ in late fees, and 10.417$ in daily penalties. By 20/03/2025, Wells Fargo sued the company to take the building away. The defaul...
Excerpted from the original publication. Read the full deep dive at notxnote.com.
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Two initiatives being proposed. One for Oakland. The other for Unincorporated Alameda County.
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Group is beginning petition drive to place a $30 an hour minimum wage by 2030 for large corporations on the ballot this November in Oakland and Alameda County.
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$4.899 this am at Costco (less 5% iykyk)
Tanker driver says "this is last of winter blend, Summer blend will add $0.40"
(April 1-Sept 15)
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@HighyieldHarry Today I learned Costco also has a private label law firm
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congratulations, couldn't have happened to a more kindhearted team
Wall Street Rollup@WallStRollup
Partners at Kirkland & Ellis took home a record $11.1mn each last year as it became the first law firm to break $10bn in annual revenue (Financial Times)
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@GrahamStephan The California Dream.
JuSt pAy tHe TaXeS bRo!
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$15,000,000 In Labor
$5,000,000 For Materials
$80,000,000 To Friends / Family... /s
NY Post Opinion@NYPostOpinion
California’s unfinished wildlife ‘bridge to nowhere’ tops $100M trib.al/WVpKAoB
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@SMB_Attorney When you’re founder led and massively profitable, you can burn 100s of billions and still be a hero.
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No big deal. It’s not like he renamed the entire company after this or anything
Polymarket@Polymarket
JUST IN: Meta announces they'll be shutting down the Metaverse, after pouring $80,000,000,000.00 into the project.
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PMI: Ex-dividend tomorrow
Amount: $1.47 (yield: 3.5%)
Payment Date: April 13
$pm -4.1% to $165.8 amid broad weakness in consumer staples
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When the REIT who trades at a discount to NAV has to decide between A) buying back shares and shrinking the company or B) doing 6 cap stabilized development deals in tier 1’s
GIF
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@caiguy @for_yield They used to have an industrial one at dodgers stadium. Never tried the home one
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Modelo had a great run in the first half of the 2020s. Guinness, same with you in 2025 through Q1'26
Asahi is taking the place as the number 1 beer in the US for the next 12 months
Pints Of Beauty@PintsBeauty
Plot twist…it’s not Guinness. Let's take a breather from the black stuff and showcase the beauty of 2 ice Cold Asahi in Osaka, Japan 🇯🇵
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@YahwehOrBust @for_yield Unfortunately the reviews for the machine seem bad or average at best…
#averageCustomerReviewsAnchor" target="_blank" rel="nofollow noopener">amazon.com/Kirin-Frozen-S…
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@realsaadasad Maybe we stop growing alfalfa and corn in the desert and there will be no water shortage
GIF
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The Colorado River is so overdrawn that some Arizona cities face complete cutoffs.
San Diego's proposed fix — selling river entitlements to fund ocean water production — is financially logical but tiny in scale: 10,000 acre-feet against a potential 4-million acre-feet shortfall.
latimes.com/environment/st…
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@junkbondinvest The richest part of this is that the public markets marked their mortgage REIT 40% below book value and then they said "lol, who cares, good thing we can just offload it at par to Athene"
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The most telling line in the Bloomberg piece on Apollo’s daily mark push:
“Those who are less able to bear losses are less willing to confess to them.”
Apollo can afford to take the marks. The mid-tier managers with 30% software exposure and retail redemption pressure cannot.
This isn’t transparency for transparency’s sake.
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At a Santa Clara restaurant and it’s just a sea of nvidia backpacks
-5 aura
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lol this is so short sighted and stupid, it's obviously impossible to pay too much for a trophy location you just have to hold it longer. if it still hasn't made money in 20 years, then again, just hold longer
BarryRoland19@BarryRoland19
You often hear people (even pros) say something like, "just buy RE in the best location and let it ride." Was just looking at a commercial property that sold in 2019 for $11.8M on Sunset and Santa Monica. This is arguably the most prime retail corner in LA right now. ~$13/SF/MO + CAM. Since the building was purchased, insane amounts of development have occurred on both sides. An Erehwon opened a few hundred feet away. A sweetgreen opened. An Alfred Coffee. And what will the net sale proceeds be to the owner, after 7 years of ownership? About $11.5M.
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Berkeley is getting its tallest building ever...and it’s student housing.
Construction just started on a 23-story dorm on Bancroft Way near UC Berkeley.
It will include:
• 1,625 beds
• A 500-seat dining hall
• Study lounges + open space
More housing for students = less pressure on the city’s rental market.
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And that's *if* it sells for asking.
RIP "location, location, location"
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You often hear people (even pros) say something like, "just buy RE in the best location and let it ride."
Was just looking at a commercial property that sold in 2019 for $11.8M on Sunset and Santa Monica. This is arguably the most prime retail corner in LA right now.
~$13/SF/MO + CAM.
Since the building was purchased, insane amounts of development have occurred on both sides.
An Erehwon opened a few hundred feet away. A sweetgreen opened. An Alfred Coffee.
And what will the net sale proceeds be to the owner, after 7 years of ownership?
About $11.5M.
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Most companies: "Let's make sure design alligns with corporate branding"
The White House:
The White House@WhiteHouse
UNDEFEATED.
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