McNellis Partners
McNellis on CMBS: “Commercial Mortgage BS”
By John McNellis This essay is taken from John’s forthcoming 3rd edition of Making it in Real Estate. I was leaning against the bar...
McNellis to Accountants: Gimme Shelter
(Editor’s note: this essay is taken from John’s forthcoming 3rd edition of Making it in Real Estate which, with only a bit of...
McNellis: Death of a Deal
By John McNellis In Rochambeau, paper beats rock. In life, paper sometimes beats deals. We own a shopping center in a Sacramento suburb...
McNellis’ Easter Tale: Countering Expectations
By John McNellis I probably shouldn’t put this in print, but here goes: we counter every offer we get. Even if we’re thrilled...
McNellis: Bad Settlements Beat Good Lawsuits
By John McNellis This is a true story. A well-to-do investor—let’s call him Sam—owns a charming three-story brick office building in a city that...
McNellis: Resuscitation Hardware
By John McNellis I shorted a stock once. As a Kmart landlord 20 years ago, I saw firsthand how badly that discounter was...
McNellis on AI: Time to Brace Yourself
By John McNellis When ChatGPT hit the street in late 2022, a close friend began amusing himself—and occasionally, me—by having it rewrite my...
McNellis: A Vaccine for Retail?
By John McNellis Retail has the virus. Just as with people, different retailers are reacting to this infection very differently. Ailing merchants with...
McNellis: Plagued Retail and the View from the Trenches
By John McNellis “I have two options that are non-negotiable. I’m going bankrupt (chapter 7). COVID happened, and I cannot survive. I’d rather...
McNellis: The Post-Plague Office
Real Estate in the Plague Year By John McNellis Last week, Mark Zuckerberg said he believes that half of Facebook’s employees will be working...
McNellis: Death of the Elevator
By John McNellis Real Estate in the Plague Year Without the elevator…there could be no downtown skyscrapers or residential high-rises, and city life...
McNellis: Working the Recession
By John McNellis Recession: a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall...
