Shows
DeconstructHave We Hit Bottom? A Price Check on OfficeFrom Chicago to San Francisco, office buildings continue to trade at astonishing discounts and reappraisals show value declines as high as 80 percent. But is there further left to fall? The Real Deal's Chicago Bureau Chief Sam Lounsberry and West Coast Bureau Chief Isabella Farr weigh in.
2024-03-1127 minDeconstructThe Distress Roiling the CMBS Markets"A slow-moving train wreck." That's what Daniel McNamara, the founder of Polpo Capital, calls the upcoming wall of maturities — the massive amount of commercial mortgage-backed securities coming due in the next year or two. Many, especially those who used floating-rate debt are facing a triple threat: the triple whammy of higher interest rates, lower valuations and more conservative lending. All of that is making it difficult for commercial landlords to refinance and leaving CMBS investors at risk.
2023-10-2328 minDeconstructThe Father of CMBS Talks Origin Stories, Great Recession and Today's DistressIn the early '90s, Ethan Penner pioneered the commercial mortgage-backed security. Thirty years later, the father of CMBS breaks down the investment product's origin story, the writing on the wall before the Great Recession and the CRE downturn of today.
2023-10-1629 minDeconstructAs New Development Stalls, Swire Properties is Still Reshaping MiamiTighter lending conditions have proved a thorn in the side of many Miami developers. But not Swire Properties. Henry Bott, the new president of the firm's American arm, discusses development plans for the last piece of land on Brickell Key, plus the mainland office supertall it's building with Related.
2023-10-0927 minDeconstructFilling the Gap: The Private Players Turning to Real EstateAs the market for traditional lending, through regional banks or commercial mortgage-backed securities, has dried up, more private credit lenders and financiers have hopped into the real estate space. And Arkhouse, a private equity firm focused on deals to privatize public real estate investment trusts, sees opportunity in that.
The Real Deal's Deconstruct chats with Arkhouse managing partners Gavriel Kahane and Jon Blackwell about why they think the public markets undervalue real estate and why this boom in private credit is good for their business.
2023-10-0227 minDeconstructThe Agency's Mauricio Umansky Talks Resi Rebound and Reality TVMauricio Umansky is a busy guy. His brokerage The Agency opened a New York office last year, then a Hamptons outpost early this summer. His firm and family star in the Netflix series Buying Beverly Hills. Season 2 wrapped filming in July. And this spring the broker released his first book — The Dealmaker. It's a guide to success in business and in life.
In Fresh Air's 'How Parking Explains The World' host Terry Gross interviews author Henry Grabar on how parking codes, lots and garages limit the creation of affordable housing. Listen here.
2023-09-2522 minDeconstructWhy Related Companies Is Still Building OfficeRelated Companies is building offices in Chicago, Austin and West Palm Beach. That's right — offices. At a time when so many firms are pausing office development, citing a lack of tenant demand and the shift towards remote work, Related is plowing ahead with developments. The Real Deal's Deconstruct chatted with Related's head of office development, Philippe Visser, about why the firm is still building new office stock, despite market headwinds.
2023-09-1833 minDeconstructCrowdStreet, Nightingale and a Crowdfunding DisasterIn June, a group of investors who invested in a Nightingale Properties-sponsored deal on crowdfunding platform CrowdStreet found out their money was missing. The Real Deal's podcast Deconstruct looks at what happened, the risks with crowdfunding and FundRebel, a new platform that is trying to differentiate itself.
Guests:
Ian Ippolito, founder of Private Investor Club and the Real Estate Crowdfunding Review
Mark Drachman, FundRebel CEO
Credits:
CrowdStreet, WFAA
2023-09-1129 minDeconstructInside Larry Silverstein's New Lease on LifeAt 92 years old, Larry Silverstein is shaking things up. The founder of Silverstein Properties is spearheading a mammoth office-to-residential conversion. He's thrown his hat in the ring for the city casino bid. And he's in with a new crowd: the young folks of Lower Manhattan.
2023-09-0522 minDeconstructWe're baaack! Deconstruct Season 3 Coming SoonThe Real Deal's Deconstruct is back with a fresh season of interviews, deep dives and market analysis on Tuesday, September 5. After that, catch us every Monday on Apple, Spotify, TheRealDeal.com or wherever else you love to listen. Talk soon!
2023-08-2801 min
Restaurant Idea FactoryRIF027: Rick Bayless On The Bear, Alternative Meats In Restaurants, NextBite AcquisitionRIF027: Rick Bayless On The Bear, Alternative Meats In Restaurants, NextBite Acquisition
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Meet Land Lovers: A Startup Looking to...
2023-06-301h 03DeconstructRXR Realty CEO Scott Rechler Talks Distress, Slowdowns and OpportunityRXR Realty CEO Scott Rechler's year has centered on "Project Kodak" — a strategy of separating older, obsolete office buildings from a younger product that can still pull the tenants and rents to thrive. TRD's Deconstruct sat down with Rechler to unpack how that strategy has evolved, why he's pegged multifamily as the next shoe to drop and whether the Fed's recent rate pause will lift the gates on investment sales.
Credits: CBS New York
2023-06-2640 minDeconstructToo Hot to Handle: The Hamptons Housing CrunchIt’s no secret the Hamptons boomed during the pandemic. New Yorkers fled the city in search of year-round vacation properties, stoking for-sale demand that flooded over into rentals. As the market enters its first Covid-free summer (fingers crossed), brokers say that surge has receded. In its wake stands a housing market transformed.
Guests: Dana Trotter, managing partner at The Agency; Cindy Scholz, partner on Compass’ Hudson Advisory
2023-06-1918 minDeconstructWhy Palm Beach is Seeing Record Mansion PricingReal estate is a sport in Palm Beach. And billionaires are still making moves, despite an overall slowdown in home buying across the country. The luxury market in the South Florida town has been propelled by "inter-island moves" — wealthy homebuyers hopping from one mansion to the next. Deconstruct chats with TRD senior reporter Katherine Kallergis about why Palm Beach is continuing to see record deals trade and the most expensive listing currently on the market in the area.
2023-06-1222 minDeconstructCould 16M Vacant Homes Solve the Housing Crisis?The U.S. is short 6.5 million homes, Realtor.com estimates. The solution, argues Kurt Carlton, co-founder of investment platform New Western, are the 16 million houses that sit vacant. Deconstruct breaks down how small-time investors are fixing up empty properties to put supply back on the market.
2023-06-0524 minDeconstructIs Texas Immune From Distress?In the pandemic, a wave of new residents flooded into Texas. No income tax, cheaper homes and plenty of good barbecue joints. Six of the 15 fastest growing cities in the country from July 2021 through July 2022 were in Texas, the only state with more than three on the list. That presented a massive opportunity for developers, with homebuilders such as Lennar developing entirely new cities on the outskirts of Austin, Houston and Dallas. But will a bust come after the boom? Deconstruct chats with The Real Deal reporter Joe Lovinger about where investors are starting to see signs of distress...
2023-05-2925 minDeconstructNew York's Rent Law Battle Enters Its Third ActNearly four years after landlords challenged New York’s sweeping set of rent reforms, their suit has finally landed where they'd hoped: U.S. Supreme Court's doorstep. Deconstruct breaks down owners’ two-pronged approach to a rent law rollback and what drama could come from the rent guidelines board vote next month.
2023-05-2226 minDeconstructReinventing the American Mall With Bill ShopoffFor many, the U.S. mall is an institution. But for others, as more brick-and-mortar stores face trouble, malls are an opportunity. More and more developers are looking at malls to redevelop them into apartment complexes, with restaurant and retail components. The Real Deal’s podcast Deconstruct chatted with Bill Shopoff of Shopoff Realty Investments, which is leading some of these conversions in California.
Credits: CBS New York
2023-05-1523 minDeconstructFannie Mae’s Chief Economist on How Bank Collapses Spurred a Fed PauseAfter approving another rate hike, The Federal Reserve left the door open for an interest rate pause when it meets next in June. Fannie Mae’s Chief Economist Douglas Duncan details how a trio of bank collapses helped drive that potential pause and what a mild recession means for the mortgage market.
2023-05-0828 minDeconstructInside First Republic’s WoesIn the wake of the collapse of Silicon Valley Bank and Signature Bank, First Republic, a prominent mortgage lender in San Francisco, lost billions in deposits. But what does that mean for lending and can the bank survive? The Real Deal's Isabella Farr looks at First Republic Bank's financial health and how some of its long-term mortgages are posing issues for the bank's balance sheet. Plus, Deconstruct chats about the New York state budget and New York Community Bank’s earnings.
Disclaimer: This story was recorded before the FDIC seized First Republic Bank and sold it to JP...
2023-05-0124 minDeconstructCan Airbnb Bridge the Landlord-Tenant Divide?Last November, Airbnb launched its tenant-friendly apartment venture, a product that allows renters to list units with their landlords’ consent. The firm pegs the service as a win-win that offers on-the-books income for tenants and perks for owners. Jesse Stein, Airbnb’s global head of real estate breaks down the product’s potential and which national landlords are already on board.
2023-04-2422 minDeconstructWho Flakes On The Flatiron Building?When Jacob Garlick, a relative unknown in the small world of New York real estate, secured the winning bid on the Flatiron building, he told NY1 the moment had been a “lifelong dream since he was 14 years old.” Two days later he flaked on the down payment. The Real Deal's Deconstruct chats with senior reporter Keith Larsen on the man behind the botched buy and why Garlick is still gunning for the building.
Credits: NY1
2023-04-1721 minDeconstructThe Robots Are Coming: Should Real Estate Worry?The launch of ChatGPT last year presented an existential problem for residential brokerage: Would the new tech transform into a beloved virtual assistant or the type of threat that could undermine their role in real estate?
2023-04-1018 minDeconstructKeeping The Heat: Inside Miami’s Luxury MarketWe all know the story: wealthy buyers flocked to pour money into homes in South Florida. But is the demand still there, given rising interest rates? The Real Deal's Deconstruct chats with TRD's residential bureau chief Katherine Kallergis about how the market has softened, but some are plowing ahead with exorbitant buys. Plus, Deconstruct chats about the Flatiron building, Chicago's upcoming election, Blackstone's multifamily loans and First Republic's balance sheet.
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Credits: CBS News
2023-04-0319 minDeconstructFrom The '90s to Now: Making Sense of CRE's DownturnAs distress descends on commercial real estate, Deconstruct analyzes how past financial crises can inform how borrowers, banks and policy makers handle this down cycle. Guests include: Bob Knakal, JLL Senior Managing Director, Head of New York Private Capital Group; and Sam Chandan, Professor of Finance and Director of the Chao-Hon Chen Institute for Global Real Estate Finance at the New York University Stern School of Business.
2023-03-2722 minDeconstructAn ‘Existential Weekend’: How Two Bank Collapses Roiled Real EstateLet's talk about last week. The Real Deal’s Deconstruct explains the catalysts behind the collapse of Silicon Valley Bank and Signature Bank last week and the lasting impact on regional banks, real estate lending and the Fed’s next steps.
Credits: CNBC, ABC News, NBC News, CBS, CNN, Forbes
2023-03-2029 minDeconstructInside Downtown LA’s Pain PointsBrookfield has defaulted on $784 million worth of loans connected to office towers in Los Angeles. Starwood foreclosed on the completely vacant Broadway Trade Center. A deal to sell a 40-story tower has been delayed for the 10th time. So what is going on with Downtown L.A.‘s office market? Deconstruct chats with Michael Soto, a research director at Savills, about the pain we’re seeing across the city’s center and how we ended up here.
Credits: CNBC
2023-03-1325 minDeconstructAs Equity REITs Flounder, Fundrise CEO is Bullish on CreditFor the past year, public real estate investment trusts that own or manage office buildings, hotels and multifamily have traded at steep discounts as investors feared rising rates would take a whack to profits and property values. Amid that downturn, Ben Miller, CEO of investment platform Fundrise, has set his sights to credit. Tune in for the lowdown on why Miller sees opportunity in debt and which asset classes he’s eyeing once equities markets recover.
2023-03-0633 minDeconstructThe Myths of Multifamily’s Sun Belt BustWhat goes up must come down, right? That’s one of the myths that has followed the Sun Belt’s multifamily market for decades, says Real Page Chief Economist Jay Parsons. It’s the idea of a boom and bust cycle, wherein strong periods of investment give way to supply levels that overserve demand. In practice, though, the Sun Belt has proved itself a market as or more resilient than many coastal cities. Here’s the rundown on why 2023 will likely be no different.
2023-02-2722 minDeconstruct'Shvo-ing' It Up: Why Michael Shvo Is Bullish on OfficeMichael Shvo doesn't care about how other people's office buildings are doing, just his own. He also thinks it's time for some of New York's office buildings to be demolished and rebuilt. TRD's Deconstruct sat down with the luxury developer to discuss the capital he deployed during the pandemic, why he's bullish on the office market in New York and San Francisco, and how he's taking advantage of a lack of office space in Miami Beach.
2023-02-2027 minDeconstructRent Control Enters the ChatFrom LA to D.C., tenant protections have emerged as the policy du jour after two years of rising rents cemented affordaiblity as a headline issue. Los Angeles has rolled out a patchwork of renter-friendly policies; the White House made a push for better regulation of the rental market and six states are eyeing reforms that would allow cities to instate their own versions of rent control. So what’s the rub? Economists say capping rents is the best way to kill affordability. Deconstruct has the break down and also looks at the top news of last week.
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2023-02-1334 minDeconstructHow The Fed’s Latest Hike Could Kickstart the Mortgage MarketLast week, the Federal Reserve hiked interest rates for the eighth time in less than a year, sending benchmark rates to their highest level since 2007. For a mortgage market that has seized in the wake of higher financing costs, another rate hike would seem to be bad news. But Nadia Evangelou, senior economist at the National Association of Realtors, says the slowing pace of hikes could offer markets the type of certainty that could revive mortgage demand.
2023-02-0622 minDeconstructTwitter’s Debacles Aren't Helping San Francisco's Office MarketTwitter has stopped paying its rent, auctioned off furniture and let go half of its employees. None of that is helping Shorenstein and JPMorgan refinance a $400 million loan on the company’s San Francisco headquarters. Deconstruct chats with TRD reporter Emily Landes about Twitter's fights at the building and how it's emblematic of the larger impact of tech's shakeup on the San Francisco Office Market.
2023-01-3021 minDeconstructThe Hotel Market's Uphill BattleTimes Square hotels are headed to bankruptcy. Investors are clawing at distressed properties in Chicago. High interest rates are making it harder for investors to transact. And in California, more supply is coming offline, as developers look to hotels for adaptive reuse projects. Deconstruct chats with Atlas Hospitality Group president Alan Reay about the looming distress across the hotel industry, but where investors are finding pockets of hope.
2023-01-2319 minDeconstructSL Green Bets On a Future Times Square CasinoTimes Square is already full of tourists, billboard glitz and Broadway shows. SL Green, New York's largest landlord, is now bidding to build a casino in the entertainment hub. The firm has placed a bid with the city to take up one of three casino licenses up for grab in Downstate New York. The Real Deal's Deconstruct chats with SL Green executive Brett Herschenfeld about why the firm chose Times Square and why it has teamed up with Caesars on its plans.
Further reading: https://therealdeal.com/2022/12/05/going-for-the-jackpot-a-look-at-the-high-rollers-competing-to-build-nyc-casinos/
Credits: New York Governor Kathy Hochul's State...
2023-01-1619 minDeconstructHochul's Priorities for New York Real EstateOn Tuesday, Jan. 10, Gov. Kathy Hochul delivers her State of the State address for 2023. Deconstruct has the scoop on where the governor's priorities lie when it comes to New York real estate. Hint: Affordable housing is a huge one.
2023-01-0924 minDeconstructA Peek at CRE in 2023It's the end of the year as we know it, and investors feel — uncertain. Rate hikes have slowed deals in the second half of 2022 and Fed Chair Jay Powell said there's more pain to come. But how long will all the available dry powder stagnate on the sidelines? Deconstruct breaks down 2023 forecasts for multifamily, retail, industrial and office and chats with Moody's Senior Economist Thomas LaSalvia about when the deal dam might break.
2022-12-1916 minDeconstructAlternative Investment Goes Mainstream: Harrison Street's Recs for a Down MarketHigh rates and uncertain times have seen traditional CRE transactions falter in recent months. But for deal-hungry investors, Harrison Street CEO Christopher Merrill says there's an alternative — alternative assets. The executive makes the case that once-fringe investment vehicles like student housing or self-storage hold the recession-proof demand and repricing power investors are craving.
2022-12-1220 minDeconstructCommercial Brokerages Feel The PainAfter low interest rates propelled investment sales to a record-breaking year in 2021, commercial brokerages including CBRE, Newmark and JLL, are now feeling the brunt of the impact. They're pushing to cut costs, some have laid off employees, but all agree the macroeconomic environment has made it hard to do business. Deconstruct chats with TRD reporter Patrick Ralph about the reasons behind the brokerages’ pain and whether the firms will see relief in the future.
2022-12-0518 minDeconstructThe Safest Bet in Retail: Grocery StoresAs commercial real estate deals have sputtered under the pressure of a rising rate environment, one asset has proved a safe bet: grocery-anchored retail. Sales of shopping centers with a supermarket soared during the pandemic and should hold steady as other trades falter.
2022-11-2815 minDeconstructTo Lend or Not To Lend?With rising interest rates, major institutions have cut back on lending. Issuances of commercial mortgage-backed securities dropped 35 percent in the third quarter, compared to the second. Deconstruct chats with Madison Realty Capital's Josh Zegen about what opportunities are still out there — coming from distress, loans on loans and creative refinancings.
Credit: NBCLA
2022-11-2117 minDeconstructCompass Points to Its FutureCompass CEO Robert Reffkin had a busy Nov. 10. Hours after speaking at a TRD forum in Miami, Reffkin got on a conference call with analysts to discuss the company's much anticipated earnings results for the third quarter. Compass lost $157 million from July through September — more than it lost in the second quarter. Deconstruct looks at the state of the brokerage, why it's struggling and where it goes from here.
Guests: TRD reporter Harrison Connery, TRD deputy web editor and South Florida reporter Katherine Kallergis.
2022-11-1419 minDeconstructHines Takes On the Improbable Office-to-Resi PlayIndustry experts agree: Converting unused office towers to residential buildings is great in theory, but a moonshot to pull off. Despite the grab bag of obstacles that make these projects so difficult, the developer and office landlord Hines is getting in on the action. The Real Deal breaks down how Hines' Salt Lake City project pencils out and what it signals about the right building for the job.
Guests: Steven Paynter, studio director at Gensler's Toronto office; Dusty Harris, senior managing director of Hines' Utah and Oregon investment activity.
2022-11-0721 minDeconstructWhat Happens When California Cities Fumble Housing Plans?After the city of Santa Monica failed to submit a state-approved housing plan on time, developers raced to capitalize on the city's failures. Under California state law, developers in cities whose housing plans fall out of state compliance can turn to filing so-called “builder’s remedy” projects that do not require the usual consent of municipal councils or planning commissions.
But how did this happen? TRD's Deconstruct chats with reporter Trevor Bach about why the city of Santa Monica is set to get more than 5,000 new units, whether cities can challenge these projects and how other regions may ge...
2022-10-3119 minDeconstructWill Single-Family Rentals Survive Inflation?Investors have flocked to purchase single-family homes across the U.S., as technology has made the asset class scaleable. But, how will the sector fare with inflation, increasing interest rates and a potential recession on the horizon?
Deconstruct chats with Doug Brien, the CEO of single-family rental management and investment firm Mynd about why he's still bullish on the asset class.
2022-10-2426 minDeconstructCan WeWork Make a WeSurgence?Ahead of its third quarter earnings, TRD's Deconstruct chats with senior reporter Keith Larsen about where WeWork stands and how it’s going about cutting costs under CEO Sandeep Mathrani. The company faces a difficult road in its effort to bounce back from its disastrous 2019 IPO attempt and navigate a struggling office fundamentals at the same time.
2022-10-1717 minDeconstructIn Powell v. Inflation, the Housing Market is a CasualtyWe all know how mortgage rates have shot up over the last few months, as the Fed has hiked up rates to fight inflation. But, home prices remain stubbornly high across the country. So, what's the deal? Deconstruct chats with Redfin's chief economist Daryl Fairweather about discussed the impact of the rate shifts on first-time homebuyers and why a slowdown in sales activity has not coincided with a decline in prices.
2022-10-1022 minDeconstructThis Key Construction Material is Now An Endangered SpeciesIt’s real estate trivia this week. A workhorse of the construction industry is now a disappearing resource. The catch: Few recognize the material is quickly slipping through our hands. TRD’s Deconstruct chats with reporter Kathryn Brenzel about the root of the crisis and how the industry can best adapt.
2022-10-0320 minDeconstructRyan Serhant On Going Solo, Brokerages and MoreWhen celebrity broker Ryan Serhant left Nest Seekers in 2020 — striking out on his own months into a pandemic that had all but shut down New York City’s real estate market — the industry thought he was crazy. Deconstruct chatted with the former "Million Dollar Listing" star about his decision, the state of the housing market and why some residential brokerages are struggling right now.
2022-09-2624 minDeconstructReal Estate Navigates Legalized CannabisCannabis might be legal in New York, but no legal dispensaries are out there yet. State lawmakers have budgeted $200 million to build out 150 dispensaries by 2024, but the first licenses are yet to be given out. So how are landlords navigating all of this to bring in dispensaries as tenants? Deconstruct chats with TRD's Cailley LaPara about the issues both landlords and tenants are facing as the state looks to open its first cannabis stores.
2022-09-1920 minDeconstructThe New Asset Class of SoundstagesEarlier this year, New York City's Department of Buildings approved Wildflower Studios: a $600 million, vertical soundstage project in Queens. Wildflower Ltd, run by Adam Gordon, is behind the project, with the help of Robert de Niro. TRD's Deconstruct chats with Gordon about his first foray into studio real estate, which has become a popular asset class among investors.
2022-09-1220 minDeconstructReal Estate's Top EarnersEver wondered how much the top CEOs of real estate firms make? For The Real Deal's August cover story, reporter Joseph Lovinger sifted through records to find out just how much CEOs of public REITs and brokerages made last year. Deconstruct chats with Joseph about how he got the story and what sort of perks these top earners get.
2022-09-0525 minDeconstructThe State of The Luxe Market with Bess FreedmanAfter an insane year for high-end real estate in New York City, things have finally begun to slow. Kicking off a second season, The Real Deal's Deconstruct looks at the state of the luxury market in New York City with Brown Harris Stevens CEO Bess Freedman, who discusses the factors behind this shift and how her firm will adapt.
2022-08-2913 minDeconstructComing Soon: Deconstruct Season 2We're back! The Real Deal’s hit podcast “Deconstruct” is back on Aug. 29 for a second season of breaking down the most important concepts and trends in real estate, with bigger guests and bolder ideas.
Hosts Isabella Farr and Suzannah Cavanaugh will kick off the second season of “Deconstruct” by interviewing Bess Freedman, CEO of Brown Harris Stevens, who will dig into the latest in New York City’s luxury market.
2022-08-2201 minDeconstructIs Multifamily Set to Cool Down?Multifamily was the most popular asset class for commercial real estate investors in the first quarter. This popularity was fueled by extraordinary rent growth and historically low interest rates. Investors could get relatively cheap capital to buy up apartment complexes with steady cash flow. But interest rates are no longer historically low. So will the market start to cool?
You'll hear from Matt Fotis, a senior managing director at Marcus & Millichap in New York City.
2022-06-2710 minDeconstructWill the Industrial Market Ever Slow Down?The industrial market is hot. If you’re in commercial real estate, you’ve heard this a million times. But, as we approach mid-2022, interest rates are up, meaning acquisitions and development are both more expensive. And Amazon, obviously the largest e-commerce company, has told the world it has too much warehouse space. So what does this all mean for the industrial market?
You'll hear from Barbara Perrier, an industrial broker at CBRE, and Jordan Kovalsky, who oversees acquisitions and asset management for Faropoint across the Midwest.
Credits: Reuters
2022-06-1312 minDeconstructWho's Afraid of Fires and Floodwaters?Last month, a two-story home in the Outer Banks, North Carolina, washed away in a storm. We're all seeing rising sea levels, more flash flooding, hurricanes and fires across the country. But are these events of climate change deterring homeowners from buying in certain areas? Deconstruct's Suzannah Cavanaugh chats to Ben Keys, a professor of real estate at The Wharton School at The University of Pennsylvania, Luis Robledo from Douglas Elliman in California and Cristian Salazar, the director of communications at the Center for New York City Neighborhoods.
Credit: Storyful, "Beach house collapses into ocean during storm"
2022-06-0615 minDeconstructThe Hamptons DreamChances are, some of you New Yorkers listening might be spending this Memorial Day weekend in the Hamptons. Some of you might have even bought a house in the last couple of years, some of you might have been lucky to snag a beachside rental property. On this episode, Deconstruct looks at the housing market in the Hamptons and how the dream of lounging on the beach is unattainable for many. You'll hear from Cody Vichinsky, the co-founder and principal of Bespoke Real Estate, and Jeremy Samuelson, the director of planning for East Hampton.
Credits: Music by...
2022-05-3016 minDeconstructAre Hotels Back?Last weekend, more than 4.3 million people flew across the U.S. — about 1 million more people than the same days last year. But has this pickup in travel trickled down to hotels? Deconstruct looks at how hotels in some markets have completely bounced back from the effects of the pandemic — and others haven't. You'll hear from Kevin Davis, the CEO of JLL’s hotels and hospitality division for the Americas.
Credit: CNBC, U.S. Transportation Security Administration
2022-05-2310 minDeconstructHousing Bubble 2.0?If you’ve tried to buy a house within the past two years, you know first hand how tough it’s been. Inventory is scant, prices are sky-high and if you do find a diamond in the chaos, chances are you’ll have to compete with other buyers to actually secure a winning bid. But now that mortgage rates are rising, are we seeing signs of a housing bubble? The Real Deal's Deconstruct chats with George Ratiu, an economist at Realtor.com and TRD reporter Kathryn Brenzel about how concerned buyers should really be.
Credit: CNN
2022-05-1611 minDeconstructThe Mystery Behind TradedTraded has emerged as a very popular site for brokers, developers and industry professionals to see what has recently, for lack of a better word, traded, and as a way to advertise their own deals. But, who is behind the mysterious account?
For this month’s issue of The Real Deal, Joe Lovinger, a reporter at The Real Deal, set on a mission to find out. Deconstruct chats with Joe about Traded and how he did a lot of digging to find out who was behind this account.
2022-05-0909 minDeconstructThe Have and Have-Nots of Chicago's Office MarketOver two years into the pandemic, office towers across the U.S. are still struggling with high vacancy rates. Among the nation’s largest metros, one central business district has emerged as a venerable ghost town — downtown Chicago. Deconstruct chats with TRD reporter Sam Lounsberry about how the Chicago office market has fared.
CREDIT: ABC7, WGN News, CBS Chicago
2022-05-0212 minDeconstructWhy Investors Are Housing StudentsLast week, Blackstone announced it was buying American Campus Communities for $13 billion. And it's not the only firm getting into student housing. As colleges and enrollment numbers have grown and admission rates have dropped, investment firms and developers have started investing in and building more and more apartments around college campuses. But when did the asset class become so institutionalized, and why?
Deconstruct talks to Justin Gronlie, Harrison Street's head of education real estate, CBRE's Jaclyn Fitts and Core Spaces COO Chad Matesi.
Credits: Yahoo! Finance and CNBC.
2022-04-2514 minDeconstructNavigating New York's Rent-pocalypseIf you’re a New York renter, chances are if you haven’t been hit with a rent hike yet, you’re bracing for one. But those colossal jumps don't necessarily mean the market has hit it’s peak. TRD's Deconstruct looks at how rents in New York have come soaring back and how experts think more rent rises are to come.
You'll hear from Jonathan Miller, the CEO of appraisal firm Miller Samuel, David Kazemi of Bond New York, Devin Someck, the co-founder of Living New York and Stan Broekhoven of Keller Williams.
2022-04-1810 minDeconstructBehind the Scenes of Zillow Gone WildIn the market for a mansion in Connecticut with a potato shed? How about a Friends-themed two-bedroom home? On social media page Zillow Gone Wild, Samir Mezrahi posts the craziest, wackiest and most outlandish homes found on Zillow. TRD's Deconstruct chats with Mezrahi about how the page has grown over the last two years and some of the wildest homes he's seen.
Credits: NBC's "Saturday Night Live," Zillow sketch from Feb. 2021.
2022-04-1110 minDeconstructShort-Term Rentals Are Here to StayDemand for short-term rentals has soared during the pandemic. Companies like June Homes, Blueground and Landing carved out their own niches in the Airbnb-dominated market as renters looked for flexible living during work-from-home periods. Deconstruct's Suzannah Cavanaugh looks at whether these growing rental firms will see continued demand, as companies finalize plans for employees to return to the office.
You'll hear from Jamie Lane, vice president of research at AirDNA, and Daniel Mishin, the founder and CEO of June Homes.
2022-04-0409 minDeconstructThe Feasibility of Home Flipping in CaliforniaHome flippers in California are taking advantage of high housing prices and demand for turnkey homes. But, they could face a 25 percent tax on properties under a proposed state bill. TRD's Deconstruct looks at how it may become more difficult to flip homes and whether it's still a profitable investment opportunity.
You'll hear from Page Turner, a broker and home flipper on HGTV's new "Fix My Flip," Tami Pardee, the CEO of Venice-based brokerage Pardee Properties, and Eric Sussman, an adjunct professor at the UCLA Anderson School of Management.
Credits: HGTV, Fox 5 San Diego
2022-03-2815 minDeconstructThe New Kings of New York's Adam PioreAt the turn of the 21st century, something in New York City shifted. The city’s real estate started to change and suddenly, you had billion-dollar developments and $200 million penthouse sales.
In TRD's new book, The New Kings of New York, Adam Piore tracks the biggest players behind New York City's ascent to becoming a global hub for luxury real estate and development — from Kent Swig to Harry Macklowe to Stephen Ross. Deconstruct sat down with Piore to chat about the book.
The New Kings of New York is available for pre-order on Amazon now.
2022-03-2112 minDeconstructThe Fed, Ukraine and The Future of The Mortgage MarketThe Fed is expected to approve a quarter of a percentage point hike on rates, a raise that will make borrowing more expensive for homebuyers and commercial investors. And now the inflation caused by the war in Ukraine has introduced another variable to the lending puzzle. So what should borrowers expect?
You'll hear from Martha Olney, a teaching professor of economics at the University of California, Berkeley, Melissa Cohn, a regional vice president of mortgage for William Raveis Mortgage and Mark Fogel, the CEO and president of ACRES Capital.
Attribution: CNBC, "Here's how Fed Chair...
2022-03-1412 minDeconstructWall Street Bets on Real EstateBankers and Wall Street employees have racked up incredible bonuses throughout the pandemic, as profits and compensation packages have soared to their highest level in a decade. Deconstruct looks at how financial workers are spending their newfound cash on real estate.
You'll hear from Stan Ponte, a senior global real estate advisor and associate broker with Sotheby's International Realty, and TRD reporter Joe Lovinger.
2022-03-0712 minDeconstructReal Estate Twitter's Anonymous AccountsOver the last few years, anonymous real estate-related Twitter accounts have gained thousands of followers, offering up opinions, real estate deals, anecdotes, statistics and real estate jokes and memes. But why is Twitter such an important platform for the real estate industry? And why are some of these anonymous?
We speak to two anonymous accounts, Pink Polo Shorts and Cash Flow Cowboy, about why they stay unknown, as well as Moses Kagan, who runs Los Angeles-based Adaptive Realty, and Keith Wasserman, who runs multifamily specialist Gelt, about the benefits of being on Twitter.
2022-02-2816 minDeconstructBuilding a Home OffsitePrefabricated and manufactured homes are cropping up more and more across the U.S., as more companies look to build housing in new ways, as a way to help alleviate housing shortages, lengthy construction timelines, environmental issues, and now, supply chain issues. The Real Deal talks to a few homebuilders about the benefits and disadvantages of manufactured housing and how exactly you build a home in a factory.
You'll hear from Steve Glenn, the CEO of Plant Prefab, Lauren Tucker, the co-founder of Orbit Homes, and John Geary, the CEO of Abodu.
Credits: CBS' WBBM-TV...
2022-02-2113 minDeconstructHow SoFi Stadium Kickstarted Inglewood's BoomLast year, the Los Angeles Rams' new SoFi stadium in Inglewood finished construction, making it the biggest, most expensive sports stadium ever built. But how has this affected the local real estate market? Just in time for the Super Bowl, The Real Deal's Suzannah Cavanaugh looks at how a new stadium can give surrounding resi markets, the draw it creates for business and the fallout when a team decides to move to another city.
You'll hear from Dr. Mark Rosentraub, the director of the Center for Sports Venues and Real Estate Development at the University of Michigan...
2022-02-1109 minDeconstructThe San Francisco SplitSan Francisco has had nearly two years to recoup the residents it lost when Covid hit. Like other coastal metros, the housing market has recovered by leaps and bounds. The rental market tells another story. Reporter Suzannah Cavanaugh discusses the trends driving the city’s uneven recovery.
You'll hear from Patrick Carlisle, chief market analyst for the Bay Area at Compass, Sylvia Sotomayor, a realtor with MSI Real Estate Services in San Francisco, and Matthew Niksa, a Bay Area reporter for The Real Deal.
Attribution: Vertigo — Alfred Hitchcock, Green Gables opening sequence, NBC Bay Area “SF Nei...
2022-02-0713 minDeconstructThe Death of Luxury CompsThe family office managing the money of Alibaba execs Joe Tsai and Jack Ma recently purchased a condo at 220 Central Park South for around $190 million — a condo that last sold for $93 million. This extraordinary, almost 100 percent return shows how its becoming difficult to use comps as a way to compare luxury home sales across certain markets in the U.S.
You'll hear from Hiten Samtani, The Real Deal's associate publisher, and Jonathan Miller, who runs an appraisal firm called Miller Samuel.
2022-01-3114 minDeconstructReal Virtual Real Estate in the MetaverseIn November, a company called Tokens.com bought 116 parcels of land for around $1.2 million. Only that land wasn't really land. The plots are located in Decentraland — a metaverse, or online virtual world.
Tokens.com is one of many firms that are buying up virtual real estate in the metaverse. But, what exactly are these firms using this land for? And is it actually real estate?
The Real Deal's Isabella Farr speaks to Tokens.com CEO Andrew Kiguel, as well as Janine Yorio, the CEO of metaverse investment firm Republic Realm and Michael Phillips, the President of...
2022-01-2415 minDeconstructCheap Old Houses: An Interview with Elizabeth and Ethan FinkelsteinElizabeth and Ethan Finkelstein are the hosts of Cheap Old Houses, a show on HGTV, and run an Instagram account under the same name, as well as a listing website called Circa Old Houses. We chatted over Zoom about why they got into the business of finding, promoting and restoring Cheap Old Houses, and how their Instagram account blew up to 1.8 million followers.
2022-01-1712 minDeconstructThe Texas DrawTexas, the second largest state by population in the U.S., has seen unprecedented growth over the last year. Tech firms have flocked to Austin. Homebuyers are swarming to major metros. On the heels of launching our coverage of Texas, The Real Deal looks at what's driving growth in Texas and how developers are cashing in on the action.
You'll hear from Jacob Sudhoff, the CEO of Douglas Elliman Texas, and Dr. Luis Torres, a research economist at the Texas Real Estate Research Center at Texas A&M University.
Credits: Democracy Out There by Lobo...
2022-01-1014 minDeconstructTrend Watch: 2022For our last episode of the year, The Real Deal's Suzannah Cavanaugh and Isabella Farr discuss whether the rebound of retail, industrial and commercial real estate will continue into 2022 with JPMorgan Chase's Kurt Stuart and excerpts from CBRE's 2022 Outlook Briefing. You'll also hear from Rhino CEO Paraag Sarva discuss how consumer-friendly tech is here to stay.
Credits: CBRE's 2022 Outlook Briefing, including excerpts from CBRE's global chief economist, Richard Barkham, global head of industrial and logistics research, James Breeze, and its global head of occupier thought leadership, Julie Whelan.
2021-12-2714 minDeconstruct2021: The Year Of The Metaverse, Single-Family Rentals and Eviction MoratoriumsA look back at the year that was 2021. From the $82.5 million sale of a condo at 220 Park Avenue South in New York City to buying virtual property in the metaverse to WeWork's IPO, we look at the biggest events, deals and trends across the real estate world this year.
2021-12-2011 minDeconstructA Retail Renaissance (for the Holidays)Between the pandemic, supply chain issues, labor shortages and now, a new variant, this shopping season is somehow stranger than the last. But, as restrictions have lifted and more of the country are getting booster shots, TRD reporter Suzannah Cavanaugh looks at whether are shoppers are returning to brick-and-mortar retail this holiday season.
You'll hear from Ethan Chernofsky, vice president of marketing at Placer, CBRE's Jamie Brooks based in Los Angeles, and CBRE's Annette Healey, who works for the firm's retail brokerage services across the New York Tri-State region.
2021-12-1313 minDeconstructThe Attraction of the Hudson ValleyThe Real Deal's Isabella Farr looks at the housing craze that has gripped the region from Westchester up to Albany as buyers have flocked there from near and far during the pandemic.
You'll hear from a number of local brokers, including Sally Slater of Douglas Elliman, Nancy Felcetto-Horowitz of Brown Harris Stevens and Raj Kumar and Annabel Taylor from the Lillie K Team at Select Sotheby’s International Realty. We also speak to Katherine Lanpher, a senior editor at Grist, about why she moved to a hamlet in Albany County last year.
2021-12-0612 minDeconstructThe Zillow FiascoEarlier this month, Zillow quit the iBuying business. The firm would no longer buy and sell homes.
TRD reporter Erin Hudson discusses what happened and why Zillow's exit from the iBuying industry is so significant. You'll hear from Trulia co-founder Sean Black, who sold his firm to Zillow in 2015, as well as Rick Palacios Jr., who leads research at John Burns Real Estate Consulting.
2021-11-2916 minDeconstructSurfside Part Two: The Survivors And A Stalking Horse BidderAfter the Surfside collapse, Damac Properties submit a bid to buy the site for $120 million for redevelopment. Reporter Lidia Dinkova looks at the stalking horse bidder who is vying for the space, as well as who is supporting redevelopment and who is against it.
You'll hear from Martin Langesfeld and Pablo Langesfeld, the family of Nicole Langesfeld, and her husband, Luis Sadovnic who lost their lives in the collapse. Steve Rosenthal, a survivor of the collapse, is also featured.
Credits: Damac Properties commercial for Damac Bay from October 2021: and a 2017 NBC News interview with Hussain...
2021-11-2215 minDeconstructRedeveloping Miami Beach's Hottest StripMiami Beach's hottest clubs. Palm trees. Art deco buildings.
TRD reporter Francisco Alvarado discusses Miami Beach's famous Ocean Drive and how the mayor and city officials are pushing for redevelopment along the strip. Mayor Dan Gelber says redevelopment and a new 2 a.m. last call for alcohol will curb partying, crime and illegal activity. Others, like Mangoes owner David Wallack, say it'll just hurt existing businesses.
2021-11-1514 minDeconstructSurfside Part One: The Causes and the Condo MarketThe first episode of a three-part series focused on South Florida. In this week's episode, we look at the Surfside condo collapse four months after the disaster.
TRD reporter Suzannah Cavanaugh speaks with South Florida reporter Katherine Kallergis on the potential causes of the fall, the players being held accountable and how the catastrophe shook the region’s real estate market. You'll also hear from Jaret Turkell, a broker at Berkadia.
2021-11-0813 minDeconstructNot Your Grandmother's Retirement Home: The Rise of Luxury Senior LivingAs baby boomers are aging in senior living, developers and investors have shifted gears to meet their needs. TRD reporter Suzannah Cavanaugh discusses how the pandemic hijacked development and whether these ultra-luxe communities are pulling the demand they expected.
You'll hear from Rocco Bertini, the executive director at The Watermark at Brooklyn Heights and Watermark's chief investment officer Bryan Schachter; CBRE Valuation & Advisory Services' James Graber who works with seniors housing and healthcare; John Moore, the CEO of Atria Senior Living, and; Bryan Cho, an executive at Related Companies.
2021-11-0113 minDeconstructStar Architects: Bernardo Fort-Brescia and Jonathan Marvel Discuss the Future of BuildingsOpen spaces, greenery and no more rows of cubicles are just a few design trends that have emerged from the pandemic. On Deconstruct, top architects Jonathan Marvel of New York-based Marvel and Bernardo Fort-Brescia of Miami-based Arquitectonica talk about these design trends, why they're so excited about open space, as well as how architecture firms have fared during the pandemic.
You’ll also hear Patrice Derrington, a professor of real estate at Columbia University, discuss trends and how developers and architects are adapting to new ways of living and working.
2021-10-2512 minDeconstructThe Battle to Save or Shut Down New York City Street VendorsStreet vendors, including hot dog carts and art sellers, were hit hard during the pandemic. But are they starting to recover now? TRD’s Sasha Jones talks to two vendors about their businesses, along with Dan Biederman, the head of 34th Street Partnership, about how the real estate industry has clashed with vendors over the years.
You’ll also hear John Rennie Short, a professor of public policy at the University of Maryland, Baltimore County, discuss how New York City is now trying to save the profession.
2021-10-1808 minDeconstructSaying Goodbye to a Couple Months of Free RentTo anyone looking for an apartment in New York City, you unfortunately probably won’t be able to find a sweet deal with three months of free rent anymore. We break down what’s happening in the New York City rental market right now and what’s expected through the end of 2021. TRD speaks to Heather Moore, Greystar’s head of property management in New York, Adrian Savino, the director of leasing at Living NY, as well as Robert Schmidt, the co-founder of the Guarantors.
2021-10-1108 minDeconstructHow to Sell a $65 Million Spec Home in Los AngelesHow does a star broker sell a $65 million home? On this week's episode of Deconstruct, Compass broker Aaron Kirman takes TRD's Isabella Farr on a tour of 1108 Wallace Ridge, a 19,000-square-foot spec home in Beverly Hills currently on the market for $65 million.
2021-10-0410 minDeconstructBetting Big on the Single-Family RentalOver the past few years, institutional firms have spent billions on acquiring and developing single-family rental homes. But what's the attraction? On this week's episode of Deconstruct, TRD speaks to Ed Coulson, a professor at UC Irvine's Center for Real Estate, and Josh Migdal, a real estate attorney in Miami, to discuss why firms like Blackstone, Invesco and JPMorgan like single-family rentals and some of the issues around owning these types of properties.
2021-09-2712 minDeconstructWhere Did All the New Yorkers Go?In March 2020, New York City was proclaimed dead. People fled, looking for more space and cheaper rents, as many could suddenly work from home. But where did they go? And did they come back? On this week's episode of Deconstruct, TRD speaks to Jeff Andrews, a data journalist at Zumper, and Javier Benson-Glanz, a general manager at real estate investment platform Cadre, about how these migration patterns have changed the rental market in New York City.
2021-09-2007 min
Chat 10 Looks 3Ep 34: Isabella BlowJoin Crabb and Sales at Sydney's Powerhouse Museum where they visit the Isabella Blow exhibition, plus a whole list of new podcasts to listen to. • Isabella Blow Exhibition at the Museum of Applied Arts and Sciences • Red Carpets and Other Banana Skins: The Autobiography by Rupert Everett • Vanished Years by Rupert Everett • Isabella Blow and Alexander McQueen photos via Vanity Fair • The Swans of Fifth Avenue by Melanie Benjamin • In Cold Blood by Truman Capote • Comedy Showdown via ABC iView • Here's the Thing a podcast by Alec Baldwin • Slate's Political...
2016-05-1536 min
Dive Into An Uplifting Full Audiobook And Elevate Your Mindset.Isabella: The Warrior Queen by Kirstin DowneyPlease visithttps://thebookvoice.com/podcasts/1/audiobook/221618to listen full audiobooks.
Title: Isabella: The Warrior Queen
Author: Kirstin Downey
Narrator: Kimberly Farr
Format: Unabridged Audiobook
Length: 21 hours 12 minutes
Release date: October 28, 2014
Ratings: Ratings of Book: 4.33 of Total 6
Ratings of Narrator: 5 of Total 4
Genres: Women
Publisher's Summary:
An engrossing and revolutionary biography of Isabella of Castile, the controversial Queen of Spain who sponsored Christopher Columbus's journey to the New World, established the Spanish Inquisition, and became one of the most influential female rulers in history Born at a time when Christianity was dying out and the Ottoman Empire was aggressively expanding, Isabella...
2014-10-289h 12Press Play On The Binge-Worthy Full Audiobook Now, Busy Professionals!Isabella: The Warrior Queen by Kirstin DowneyPlease visithttps://thebookvoice.com/podcasts/1/audiobook/221618to listen full audiobooks.
Title: Isabella: The Warrior Queen
Author: Kirstin Downey
Narrator: Kimberly Farr
Format: Unabridged Audiobook
Length: 21 hours 12 minutes
Release date: October 28, 2014
Ratings: Ratings of Book: 4.33 of Total 6
Ratings of Narrator: 5 of Total 4
Genres: History & Culture
Publisher's Summary:
An engrossing and revolutionary biography of Isabella of Castile, the controversial Queen of Spain who sponsored Christopher Columbus's journey to the New World, established the Spanish Inquisition, and became one of the most influential female rulers in history Born at a time when Christianity was dying out and the Ottoman Empire was aggressively expanding...
2014-10-289h 12
Full Trial Audiobooks in Biography & Memoir, WomenIsabella: The Warrior Queen by Kirstin DowneyPlease visit https://thebookvoice.com/podcasts/1/audiobook/221618 to listen full audiobooks. Title: Isabella: The Warrior Queen Author: Kirstin Downey Narrator: Kimberly Farr Format: Unabridged Audiobook Length: 21 hours 12 minutes Release date: October 28, 2014 Ratings: Ratings of Book: 4.33 of Total 6 Ratings of Narrator: 5 of Total 4 Genres: Women Publisher's Summary: An engrossing and revolutionary biography of Isabella of Castile, the controversial Queen of Spain who sponsored Christopher Columbus's journey to the New World, established the Spanish Inquisition, and became one of the most influential female rulers in history Born at a time when Christianity was dying out and the Ottoman Empire was aggressively expanding...
2014-10-2810 minListen to the Best Full Audiobooks in Biography & Memoir, WomenIsabella: The Warrior Queen by Kirstin DowneyPlease visithttps://thebookvoice.com/podcasts/1/audiobook/221618to listen full audiobooks.
Title: Isabella: The Warrior Queen
Author: Kirstin Downey
Narrator: Kimberly Farr
Format: Unabridged Audiobook
Length: 21 hours 12 minutes
Release date: October 28, 2014
Ratings: Ratings of Book: 4.33 of Total 6
Ratings of Narrator: 5 of Total 4
Genres: Women
Publisher's Summary:
An engrossing and revolutionary biography of Isabella of Castile, the controversial Queen of Spain who sponsored Christopher Columbus's journey to the New World, established the Spanish Inquisition, and became one of the most influential female rulers in history Born at a time when Christianity was dying out and the Ottoman Empire was aggressively expanding, Isabella...
2014-10-289h 12
Get Best Full Trial Audiobooks in Biography & Memoir, History & CultureIsabella: The Warrior Queen by Kirstin DowneyPlease visit https://thebookvoice.com/podcasts/1/audiobook/221618 to listen full audiobooks. Title: Isabella: The Warrior Queen Author: Kirstin Downey Narrator: Kimberly Farr Format: Unabridged Audiobook Length: 21 hours 12 minutes Release date: October 28, 2014 Ratings: Ratings of Book: 4.33 of Total 6 Ratings of Narrator: 5 of Total 4 Genres: History & Culture Publisher's Summary: An engrossing and revolutionary biography of Isabella of Castile, the controversial Queen of Spain who sponsored Christopher Columbus's journey to the New World, established the Spanish Inquisition, and became one of the most influential female rulers in history Born at a time when Christianity was dying out and the Ottoman Empire was aggressively...
2014-10-2810 minGet Best Full Audiobooks in Biography & Memoir, History & CultureIsabella: The Warrior Queen by Kirstin DowneyPlease visithttps://thebookvoice.com/podcasts/1/audiobook/221618to listen full audiobooks.
Title: Isabella: The Warrior Queen
Author: Kirstin Downey
Narrator: Kimberly Farr
Format: Unabridged Audiobook
Length: 21 hours 12 minutes
Release date: October 28, 2014
Ratings: Ratings of Book: 4.33 of Total 6
Ratings of Narrator: 5 of Total 4
Genres: History & Culture
Publisher's Summary:
An engrossing and revolutionary biography of Isabella of Castile, the controversial Queen of Spain who sponsored Christopher Columbus's journey to the New World, established the Spanish Inquisition, and became one of the most influential female rulers in history Born at a time when Christianity was dying out and the Ottoman Empire was aggressively expanding...
2014-10-289h 12