Writing on logistics and industrial real estate, what ownership actually costs, and where AI is useful in practice. Published first on LinkedIn, archived here in full.
A data center, a cross-dock adding fleet charging, 400 homes and an LP are all waiting for the same thing. The Dutch ration what exists, the UK re-ranked the queue, Ireland says yes if you build your own generation, and Texas lets you connect and curtails you later.
In Europe and the United States they are separate asset classes, with separate funds and separate hurdles. In the Gulf that line was never drawn. The Sharjah–Oman corridor opened in May 2026 as a way around the Strait of Hormuz, and was put together in months.
A water bill that ran 1,000 gallons a month for seven years, then 22,000. Twenty emails, two utilities, three meter serial numbers, and a ten dollar test that settled it. Where AI is actually useful in asset management, worked through on a real asset.
Poland has been the easiest place in Europe to build for 20 years. On 31 August the zoning route that made it possible closed for two thirds of the country. What warunki zabudowy was, why it lasted 23 years, and how Poland reads against Germany and the Netherlands.
Forty thousand square feet in Martinsburg, West Virginia. Eleven years, a personal guarantee, a fence for a tenant we lost and a parking lot for one we had not yet met.