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Climate change and compliance - David Kirk
October 14, 2022
Net Zero Emissions zoning and building codes are proposed in (several) major metropolitan jurisdictions. The implications for infrastructure, the grid and power production, are calculable if not complete. The public private partnership (PPP) for climate change is being expanded
Done deal: Enough reasons to invest, develop and expand - by David Kirk
September 16, 2022
Not so fast. Inflation, hybridization, recovery, recession, COVID, credit crunch. All works in progress. Evolution, revolution, innovation. The deal has not yet gone down. Both upside and downside risks, that balance, for many, establish a stability with
Recession and Recovery - by David Kirk
August 12, 2022
The Counselors of Real Estate will crack the code at the annual meeting in Boston September 11-14. Cheers, Chowder and Change promises a current comment on ground zero. Cash is loaded in a cluster of barrels, all prepared to unload.
Reckoning with recession - by David Kirk
July 8, 2022
The economic trends are a starting point for any strategy. Because time and the current dynamics in the market are pressing change, any reckoning is complicated and even short-term forecast challenging. The Fed has put emphasis on
Less is more, as in balance sheets. - by David Kirk
May 13, 2022
The FOMC announces a 0.5% increase on rates to 0.75%-1% for a soft landing. More job offerings than job seekers and wage gains should persist. Lending should increase the rate in borrowings, easing expansion, fueling inflationary pressures
Wake up and live. Fix it. Clean. - by David Kirk
April 8, 2022
Infrastructure is the only way to provide a safe and strong and connected built environment to serve all of our constituencies. For the comfort and well-being of our communities, we must focus on the changing environment and the new behaviors and demographics as they evolve, and we observe them.
Forecast - Two per cent! - by David Kirk
January 14, 2022
Seasonally and algorithmically adjusted data is spilling forth. The Fed has reported that rate action, guiding inter-bank lending and borrowing, can be expected to increase in 2022 significantly. Other quantitative easing, primarily Fed portfolio purchases
Pandemic patterns in micro markets - by David Kirk
December 10, 2021
Omicron variant has appeared in North America and local economic activity will be impacted by the newly emergent variant. Pandemic patterns in micro markets have varied considerably. The performance of built environment is dependent upon the local economy
Get the shovels out. Let’s get moving. - by David Kirk
November 12, 2021
Climate and Pandemic Ready Infrastructure. Cultural Community Compliance and BUILD BACK BETTER. Much ado about everything. Avoid confusion. Pork and puff. Power and punch. From Wi-Fi to healthcare, and everything in between, it’s all connected and so are we.
Aggregations, algorithms, AI and judgment - by David Kirk
October 8, 2021
Judgement continues to be the discerning characteristic in commercial property investment and development. And in the analysis supporting underwriting and appraising commercial property. Not necessarily in defiance of the ubiquitous data and traditional methodologies
For rent: The ecosystem - by David Kirk
August 13, 2021
Daily rates available. Do not try to run the show. We are always in rehearsal! The built environment is a derivative of the economy and the ecosystem. Subject to factors of supply and demand for the built inventory, operators manage, developers build and adapt
The buffet, bathrooms and benches post-COVID-19 - by David Kirk
July 9, 2021
The buffet has reopened, and we have customers and clients prepared to make choices and check lists. The CBRE investor survey data for multifamily shows robust rebounding appeal and expectations. Because the variety of risks and rewards are plentiful,
All property sectors are showing signs of improvement - by David Kirk
June 11, 2021
All property sectors are showing signs of improvement. For hospitality, entertainment, travel and retail, operations continue to lag substantially pre-pandemic performance and operations are forecast for extended short to long term uncertainty. Housing and places of employment are still strong and getting stronger as the economy recovers remarkably broadly.
The FED and Functional Monetary Fit - by David Kirk
April 9, 2021
The FED released in mid-March the FOMC meeting updates, the FED forecast and the Fed Beige Book summaries. All three are relatively consistent and upbeat, not without caution and qualification. All three highlight
Underwriting the pandemic. Blustery markets prevail - by David Kirk
March 12, 2021
Blustery markets prevail in most property types, in most geography. Uncertainty and a combination of recessionary and expansionary economic forces impact activity and the property market conditions. Underwriting risks is the challenge of
Pelletier of Kirk&Company joins faculty at Salve Regina University
February 12, 2021
Newport, RI Brett Pelletier, COO of Kirk&Company: Real Estate Counselors has been appointed to the Business and Economics faculty at Salve Regina University. David Kirk, said,
Fresh start in 2021 - Nustart and restart - by David Kirk
January 15, 2021
New Year’s resolutions. Newly minted constituencies. Healthcare, education and care. And the caregivers, teachers and elderly are at the top of the list. The national Centers for Disease Control have recommended the essential caregivers and vulnerable elderly receive
Prepare to pivot - by David Kirk
December 11, 2020
Vaccines are expected to be delivered in Massachusetts shortly before the holiday season. Centers for Disease Control and Prevention (CDC) has prioritized healthcare workers and nursing home residents for initial vaccination, the most essential and the most vulnerable.
Pandemic and vaccine - by David Kirk
November 13, 2020
Surveillance and diligence have prevailed in commercial real estate during rent ups, adaptive reuse and new construction. Contagion in schools and small and large gatherings have spiked virus data broadly as predicted. Prevention of local trends in behavior and contagion from spreading to built environment is the challenge for commercial real estate.
Transmogrification - Moving forward - by David Kirk
October 9, 2020
Transforming in a surprising or magical manner does offer some direction if not specificity. The FED recently released the Beige Book, the monthly FOMC statement and the FED forecast all of which provide fiscal stability for the foreseeable future (for as much as two years). The pandemic has prevailed