McNellis Partners
Bed Bath & Boomerang
By Billy the Broker (I just want to stay anonymous) In August 2025, Marcus Lemonis, the executive chairman of Beyond, Inc.—which is to...
McNellis: F*** Real Estate?
Publisher’s Note What began over a decade ago as a series of candid, sharp-witted articles written for The Registry has grown into one of the...
McNellis on CMBS: “Commercial Mortgage BS”
By John McNellis This essay is taken from John’s forthcoming 3rd edition of Making it in Real Estate. I was leaning against the bar...
McNellis to Accountants: Gimme Shelter
(Editor’s note: this essay is taken from John’s forthcoming 3rd edition of Making it in Real Estate which, with only a bit of...
McNellis: Death of a Deal
By John McNellis In Rochambeau, paper beats rock. In life, paper sometimes beats deals. We own a shopping center in a Sacramento suburb...
McNellis’ Easter Tale: Countering Expectations
By John McNellis I probably shouldn’t put this in print, but here goes: we counter every offer we get. Even if we’re thrilled...
McNellis: Bad Settlements Beat Good Lawsuits
By John McNellis This is a true story. A well-to-do investor—let’s call him Sam—owns a charming three-story brick office building in a city that...
McNellis: Resuscitation Hardware
By John McNellis I shorted a stock once. As a Kmart landlord 20 years ago, I saw firsthand how badly that discounter was...
McNellis on AI: Time to Brace Yourself
By John McNellis When ChatGPT hit the street in late 2022, a close friend began amusing himself—and occasionally, me—by having it rewrite my...
