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Independent, expert-reviewed analysis on the future of the built world — newest first.

AllAdviceCapital RaisingDeal StructuringEducationalFinancial InnovationHousing & Urban PolicyMacroMultifamilyNew CitiesProptechReal Estate InvestmentThe Future of Office
The New-City Playbook, Honestly Assessed
New Cities

The New-City Playbook, Honestly Assessed

Announcements of brand-new cities arrive with stunning renderings and enormous ambition. A sober look at the category reveals which approaches have any chance and which are perpetual press releases. Demand Before Density The new cities that progress start from a real demand…

James Kaminsky·Jan 24, 2026
The Culinary Anchor Bet
New Cities

The Culinary Anchor Bet

A handful of developers are betting that food — a chef-run hall, a producers' market, shared culinary infrastructure — can anchor a community the way a golf course once did, at a fraction of the land cost. Identity You Can Taste A culinary anchor gives residents daily ritual and…

Marcus Feldman·
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  1. 1The Return of the Operator-Led Fund
  2. 2Underwriting in a Higher-for-Longer World
  3. 3Secondaries Come for Real Estate
  4. 4The Case for Boring Assets
  5. 5The AI-Powered GP Report
Jan 13, 2026
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Build-to-Rent Grows Up
Multifamily

Build-to-Rent Grows Up

Build-to-rent single-family went from curiosity to a core institutional allocation in a few short years. With maturity comes a more sober understanding of where it works and where it has been overbuilt. Operations Are the Differentiator Scattered horizontal product is…

Daniel Cho·Jan 8, 2026