Why Hockey is The Sport of Real Estate Development

The story behind the Wayne Gretzky jersey on my chair

By Ziad El Chaar
March 31, 2025
Why Hockey is The Sport of Real Estate Development

People always ask why I love hockey. And why there's a Wayne Gretzky jersey on my chair.

I always answer: Because hockey is the sport of real estate development.

Let me explain.

šŸ­. š—§š—µš—¶š—» š—œš—°š—² šŸ’ Players skate on thin blades. One misstep and they fall. šŸ™ Real estate runs on leverage, uncertainty. One shift and everything changes.

šŸ®. š—¦š—½š—²š—²š—± š—Ŗš—¶š—»š˜€ šŸ’ Blades on ice makes the game super fast so speed controls the play. šŸ™ Speed to market, to sell, to deliver separates the best from the rest.

šŸÆ. š—§š—²š—®š—ŗ š—£š—¹š—®š˜† šŸ’ Players rotate in and out continuously, supporting each other to stay ahead. šŸ™ Success relies on collaboration across design, sales, marketing, execution.

šŸ°. š—™š—¶š—²š—æš—°š—² š—–š—¼š—ŗš—½š—²š˜š—¶š˜š—¶š—¼š—» šŸ’ Fights break out on the ice: brutal (even bloody), but part of the game. šŸ™ Bidding wars, deal negotiations, and market battles are just as inevitable.

šŸ±. š—£š—æš—¼š˜š—²š—°š˜š—¶š—¼š—» š—¶š˜€ š—£š—æš—¶š—¼š—æš—¶š˜š˜† šŸ’ No player steps onto the ice without safety gear. šŸ™ No developer succeeds without the right financial and legal safeguards.

šŸ². š—”š—¼ š—˜š—®š˜€š˜† š—Ŗš—¶š—»š˜€ šŸ’ A small net, a big goalie, a puck the size of a saucer. Scoring isn't simple. šŸ™ A tough market, scarce deals, cutthroat rivalry. Closing isn't a given.

šŸ³. š— š—¶š˜€š˜š—®š—øš—²š˜€ š—¦š˜š—æš—¶š—øš—² š—›š—®š—æš—± š—®š—»š—± š—™š—®š˜€š˜ šŸ’ A penalty pulls a player off the ice, shifting momentum in seconds. šŸ™ The cost of real estate mistakes hits fast. Like a player benched in an instant.

šŸ“. š—§š—®š—¹š—²š—»š˜ š—œš˜€ š˜š—µš—² š—”š˜€š˜€š—²š˜ šŸ’ Finding and keeping players is costly, but it wins games. šŸ™ Recruiting and retaining top talent is an investment, but it pays off.

šŸµ. š— š—®š—¶š—»š˜š—²š—»š—®š—»š—°š—² š— š—®š˜š˜š—²š—æš˜€ šŸ’ Every game needs a Zamboni to keep the ice in top shape. šŸ™ Every project needs continuous upkeep to hold value.

šŸ­šŸ¬. š—¦š—°š—¼š˜‚š˜š—¶š—»š—“ š˜š—µš—² š—™š˜‚š˜š˜‚š—æš—² šŸ’ Hockey teams find young talent before they peak. šŸ™ Developers secure 'young' land before it booms.

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