A weekly look at the business, legal, and investment dynamics of the property types beyond office, retail, industrial, and multifamily.
Subscribe on LinkedInPermits, reserves, entitlements, and scarcity — the value that isn't in the dirt.
Operating-asset value the real estate appraisal missed.
Contaminated and Superfund properties, priced for the upside.
Landfills, ports, water, and energy — scarcity economics and durable demand.
Every edition, archived in full as it publishes on LinkedIn.
One sewer system, three defensible values on the same day. Part 1 of Public Works, Private Capital: why an investor-owned utility earns on rate base rather than price, how more than a dozen state statutes disagree on what reaches it, what recent buyers paid per connection, and why the pumps, drives and switchgear deserve a schedule of their own.
Read the full edition →Five minutes of national farm television, written out in full. Why syndicated easements settle for pennies while family-farm easements finally have funding, why 125% of appraised value can still be a short check, and why a combine has a dozen values.
Read the full edition →Three days with aggregates and construction-materials owners in Austin. Data rights, short contracts and indemnity sized to the loss — and why every clause they described will show up later in an appraisal, a lender's file or an estate return.
Read the full edition →The IRS created a permanent Office of Conservation Easements and ended its settlement program in the same release. Over 1,100 open cases, a 5% to 7% baseline, a 40% penalty — and five ways a deduction dies before anyone opens the appraisal.
Read the full edition →A $41.6 million deduction resting on two core holes. Nine decided cases, read in the order a valuation actually gets built — and the six places the courts keep stopping.
Read the full edition →A claim over $820,000 that produced a deduction of zero. The before-and-after standard, what changed for 2026, and what has to exist in the file before a casualty loss number goes on a return.
Read the full edition →A $100 billion campus, an 85% tax discount, and fifty-seven employees. State auditors are cutting their own job counts by 70%, the clawback has almost never been pulled, and the largest transfer isn't the tax break — it's the utility bill.
Read the full edition →Nuisance class actions a mile wide, octave-band noise standards, and dark-sky rules — how a facility can pass the county's meter and still end up a defendant, and what that does to the buildable envelope.
Read the full edition →In most eastern states a water withdrawal permit isn't property — it's a revocable license. What that means for the deal, the diligence file, and the loan collateral.
Read the full edition →Powered land, notice defects, and utility contracts that may not survive a closing — a field guide for attorneys, CPAs, and lenders on data-center sites.
Read the full edition →Estate plans, charitable deductions, and IRS enforcement collide on working land — what RPTE attorneys and CPAs need to verify before the deed records.
Read the full edition →A landfill is not dirt with waste — it is a regulated infrastructure asset whose value lives in permitted airspace, tipping-fee economics, and closure obligations.
Read the full edition →Cleanup status, regulatory obligations, and continued operating capacity — how contaminated and remediated sites actually trade, and where the mispricing hides.
Read the full edition →Cranes, berths, rail, labor, and politics — why a terminal lease renewal is an infrastructure negotiation, not a rent review.
Read the full edition →Quarries as operating platforms: reserves, entitlements, and haul economics — and why fast-growing markets keep running out of aggregate.
Read the full edition →Why water access is part of the operating platform — rights versus infrastructure, groundwater regulation, and the diligence questions owner-users miss.
Read the full edition →Why a depreciated asset register can't support market value — USPAP standards, appraiser competency, and nine places real and personal property get confused.
Read the full edition →Appraising a proposed dry-stack expansion on a submerged land lease — cost, sales, and income approaches with the machinery separated out.
Read the full edition →A Louisiana hay farm whose highest and best use flipped to silica-sand extraction — what the Haynesville Shale taught everyone at the closing table.
Read the full edition →A Caribbean super-yacht refit yard mid-renovation: leasehold premiums, fixture-versus-personalty lines, and the economics nobody publishes.
Read the full edition →Valuing a proposed Boston-area C&D processing facility while the Northeast runs out of disposal capacity — realty, machinery, and regulatory risk separated.
Read the full edition →Misclassify real versus personal property and deals collapse — and expert testimony fails under Daubert. Two toolkits, one defensible number.
Read the full edition →Land-based salmon farming as infrastructure-grade protein production — what RAS facilities mean for underwriting, counsel, and capital.
Read the full edition →A Southeast granite deposit from core testing to cash flow — where the rock ends and the enterprise begins.
Read the full edition →Notes from the Counselors of Real Estate national convention in Detroit — urban transformation, economic headwinds, and Real Estate 2050.
Read the full edition →The investment case for controlled-environment agriculture near East Coast metros — adaptive reuse, robotics, and ESG capital.
Read the full edition →Weekly, for attorneys, CPAs, lenders, and investors who work where value gets complicated.
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