Driving through Hollywood Hills more than a year ago, I was awed by the view, the homes and the unusually large number of “For Sale” signs. But I was struck even more by what I couldn’t see-a sense of foreboding or impending doom. Something just didn’t feel right, though I was clueless to say what.
Back in New York, I shared the experience with a commercial real estate broker I’d called to discuss technology. And he knew exactly what I was referencing. “Real estate,” he acknowledged, “has a heartbeat. And sometimes you hear it, even when you don’t want to.” Continue reading