Welcome back to Market Mondays! In this clip, we sit down with Don Peebles, a renowned real estate developer, to discuss the complexities of urban real estate development. Don shares his valuable insights on what separates successful urban development projects from the ones that fall short. With a career spanning major cities like DC, New York, and Miami, Don provides a unique perspective on the current state and future of real estate in urban landscapes. *Key Highlights:* - *Real Estate Fundamentals:* Don starts by emphasizing the straightforward nature of real estate as a supply and demand business. Using examples from cities like New York and LA, he explains how supply constraints and demand influence prices and investment opportunities. - *City Comparisons:* Learn about the distinctive challenges and opportunities in different major cities, including LA, New York, DC, Charlotte, Chicago, and San Francisco. Don compares the dynamics of these urban centers, highlighting why some rebound faster than others post-COVID. - *The Future of Office Spaces:* Troy Millings raises an essential question about the possibility of converting commercial spaces into residential areas. Don responds with his expert analysis on the feasibility, challenges, and economic efficiency of such conversions. - *Tax and Business Policies:* Don dives deep into the importance of pro-growth policies. He explains how cities like Dallas, Austin, and Nashville are experiencing growth due to favorable tax and business environments. - *Government Initiatives:* Discover the various measures taken by cities like New York, Chicago, and Los Angeles to incentivize the conversion of underutilized office spaces into residential or other profitable uses. Don shares his predictions on upcoming financial incentives and federal tax policies that may promote real estate development. - *Experience Matters:* Don talks about the advantage of experience in identifying economically viable projects, sharing his extensive two and a half-decade experience in converting office spaces into other uses. Whether you're an investor, developer, or just interested in the mechanics of urban real estate, this episode is filled with valuable information that can help you navigate the complex landscape of city development. Don't miss out on Don Peebles' expert advice on long-term competitive markets, the impact of remote work, and the potential for future growth in urban centers. Make sure to like, comment, and subscribe for more expert insights on real estate, investments, and market trends. Check out our previous episodes for more in-depth discussions with top industry professionals. *Timestamps:* 00:00 - Introduction 00:29 - What Separates Successful Urban Development from Failure? 01:11 - Supply and Demand in Real Estate 01:59 - Market Dynamics in LA vs. New York 02:58 - Long-term Competitiveness in Urban Markets 03:26 - Growth in Pro-Business Environments 04:16 - Conversion of Commercial to Residential Spaces 05:10 - Government Incentives for Real Estate Development *Hashtags:* #MarketMondays #UrbanDevelopment #RealEstateInvesting #DonPeebles #RealEstate #InvestmentStrategies #NYCRealEstate #UrbanEconomics #PropertyDevelopment #MarketTrends Subscribe and hit the notification bell so you never miss an episode of Market Mondays. Thanks for watching! Disclaimer: All investment strategies and investments involve the risk of loss. Nothing contained in this video should be construed as investment advice. Support this podcast at — https://redcircle.com/marketmondays/donations Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy