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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
To Mod or Not to Mod?
Educational

To Mod or Not to Mod?

Modular construction promises factory precision and compressed schedules. It delivers them — sometimes. This explainer walks through when modular pencils and when it quietly destroys a budget. The Three Questions That Matter Is your design repetitive enough to amortize factory…

Brad Hargreaves·May 13, 2026
Zoning Reform Is Finally Shipping
Housing & Urban Policy

Zoning Reform Is Finally Shipping

For a decade, zoning reform was a conference panel topic and little else. In the past two years it has become statute in a growing list of states and cities, and the development math is shifting with it. Watch the By-Right Pathway The reforms that matter are the ones that make…

Phil Kirschner·Apr 28, 2026

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Most read

  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
The Permitting Bottleneck Is the Whole Story
Housing & Urban Policy

The Permitting Bottleneck Is the Whole Story

Capital is available. Land is available. The binding constraint on housing supply in most expensive metros is the months — sometimes years — it takes to get a permit. Time Is the Tax Every month of entitlement delay is carrying cost, rate risk, and political risk compounding…

Dom Beveridge·Apr 26, 2026
What Minneapolis Actually Proved
Housing & Urban Policy

What Minneapolis Actually Proved

Minneapolis became the case study everyone cites and few read carefully. The reform was real, the effects were measurable, and the lessons are more nuanced than either side admits. Supply Responds — Slowly Ending single-family-only zoning did not unleash an overnight building…

Nadia Okonkwo·Apr 23, 2026
Inclusionary Zoning's Hard Math
Housing & Urban Policy

Inclusionary Zoning's Hard Math

Inclusionary zoning requires a share of new units to be affordable. The politics are intuitive; the economics are unforgiving, and getting the ratio wrong stops production entirely. The Feasibility Cliff Set the affordability requirement too high and developers simply do not…

Marcus Feldman·Apr 20, 2026
The Quiet War Over Parking Minimums
Housing & Urban Policy

The Quiet War Over Parking Minimums

Required parking ratios are a hidden tax on housing — land and capital spent on cars instead of people. Eliminating them is among the highest-leverage reforms available, and it costs the public nothing. Less Concrete, More Homes When cities drop parking minimums, infill projects…

Priya Raghavan·Apr 18, 2026Premium
Conversions Are Harder Than the Headlines
The Future of Office

Conversions Are Harder Than the Headlines

Office-to-residential conversion is the policy world's favorite solution to two problems at once. The reality is that the overwhelming majority of office buildings are terrible candidates. Floor Plates and Risers Decide Deep floor plates leave windowless interiors; central…

Priya Raghavan·Feb 12, 2026