MARK TONGE
THE JOURNAL · EVERY TUESDAY

Written from the desk.

Capital and structuring, development, the market and the long view. Written from the desk, every Tuesday.

  1. THE LONG VIEW · 27 OCTOBER 2026 · 2 MINWhat a 3,300-acre farm taught me about building anythingAlongside the developments, I ran a working farm for years. It taught me more about building durable things than any deal ever did.
  2. DEVELOPMENT · 27 OCTOBER 2026 · 3 MINWhat good developments get right before anyone sees themA development's visible success is built early, in four quiet decisions about price, certainty, structure and focus. Lessons from thirty years of subdivision.
  3. CAPITAL & STRUCTURING · 27 OCTOBER 2026 · 4 MINWhy good deals still can't find money — and what actually moves capitalMost stuck deals aren't stuck because they're bad. After close to thirty years in property and capital, here is what moves money: legibility, speed and structure.
THE TUESDAY LETTER One considered note, each week. The week's article and a short market note. Read by developers, lenders and private investors.