Deconstruct

The Syndicator's Dilemma: A Multifamily Boom Goes Bust

October 30th, 2023  |  Season 3  |  32 mins 6 secs

commercial real estate, distress, interest rates, investment, multifamily, rate hikes, sun belt, syndicators

Two years back, when money was still cheap, a new crop of investors was getting in on the red-hot multifamily market. Syndicators — investors who pool money to buy properties — turned to floating-rate debt to quickly close deals when demand was at its peak. After a year and a half of rate hikes, many of those fledgling investors are now grappling with distress. Nuvo Capital Partners' Brian Underdahl discusses the catalysts behind that boom and how his firm is working with borrowers to save troubled deals.

The Distress Roiling the CMBS Markets

October 23rd, 2023  |  Season 3  |  28 mins 37 secs

business, cmbs, commercial mortgage-backed securities, commercial real estate, debt, investing, lending, new york city, news, office market, polpo capital, real estate, real estate and finance, real estate news, securities

The Real Deal's Deconstruct looks at the distress hitting commercial mortgage-backed securities.

The Father of CMBS Talks Origin Stories, Great Recession and Today's Distress

October 16th, 2023  |  Season 3  |  29 mins 53 secs

cmbs, commercial real estate, ethan penner, great recession, loans, mortgages, structured finance

The Real Deal's Deconstruct podcast chats with the creator of commercial mortgage-backed securities, Ethan Penner.

As New Development Stalls, Swire Properties is Still Reshaping Miami

October 9th, 2023  |  Season 3  |  27 mins 9 secs

branded residences, brickell, brickell key, development, miami, office, related, south florida, swire properties

Tighter 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 office supertall it's building with Related on the mainland.

Filling the Gap: The Private Players Turning to Real Estate

October 2nd, 2023  |  Season 3  |  27 mins 36 secs

arkhouse, business, commercial real estate, investing, m&a, new york city, news, private credit, private equity, real estate, real estate news, the real deal

The Real Deal's podcast Deconstruct chats with the managing partners of Arkhouse, an activist investment firm that looks for opportunities to take public real estate investment trusts private.

The Agency's Mauricio Umansky Talks Resi Rebound and Reality TV

September 25th, 2023  |  Season 3  |  22 mins 21 secs

buying beverly hills, mauricio umansky, residential brokerage, the agency, the dealmaker

Mauricio 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.

Why Related Companies Is Still Building Office

September 18th, 2023  |  Season 3  |  33 mins 50 secs

austin, business, chicago, commercial real estate, development, investing, jeff blau, new york city, news, office, office market, real estate, real estate news, related companies, stephen ross, tenants

The Real Deal's Deconstruct chats with Related Companies' head of office development, Philippe Visser, about the attraction of newer office properties, struggling markets and the fundamental market shifts.

CrowdStreet, Nightingale and a Crowdfunding Disaster

September 11th, 2023  |  Season 3  |  29 mins 16 secs

atlanta, business, commercial real estate, crowdfunding, crowdstreet, fundraising, fundrebel, investing, new york city, news, nightingale properties, office, real estate, real estate news, syndication

In June, a group of investors who invested in a deal on CrowdStreet found out their money was missing. The Real Deal's podcast Deconstruct looks at what happened, the risks with crowdfunding and a new platform that is trying to differentiate itself.

Inside Larry Silverstein's New Lease on Life

September 5th, 2023  |  Season 3  |  22 mins 55 secs

apartment, business, commercial real estate, investing, new york city, news, office, real estate, real estate news, residential, silverstein properties

At 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.

We're baaack! Deconstruct Season 3 Coming Soon

August 28th, 2023  |  Season 3  |  1 min 54 secs

larry silverstein, office market, premiere, related, season 3, syndicators

The Real Deal's Deconstruct is back with a fresh season of interviews, deep dives and market analysis Tuesday, September 5. After that, catch us every Monday on Apple, Spotify, TheRealDeal.com or wherever else you love to listen.

RXR Realty CEO Scott Rechler Talks Distress, Slowdowns and Opportunity

June 26th, 2023  |  Season 2  |  40 mins 52 secs

business, commercial real estate, distress, investing, lending, new york city, news, office market, real estate, real estate news, rxr realty, scott rechler

The Real Deal's Deconstruct sat down with RXR Realty CEO Scott Rechler to talk about where he's finding opportunity in all the commercial real estate distress.

Too Hot to Handle: The Hamptons Housing Crunch

June 19th, 2023  |  Season 2  |  18 mins 15 secs

hamptons, luxury homes, rentals, sales, southampton

It’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.

Why Palm Beach is Seeing Record Mansion Pricing

June 12th, 2023  |  Season 2  |  22 mins 29 secs

business, florida, housing, investing, luxury market, miami, new york city, palm beach, real estate, real estate news, todd michael glaser, tom ford

The Real Deal podcast Deconstruct looks at how record mansion deals are still dominating the housing market in Palm Beach, despite a slowdown in home buying across the country.

Could 16M Vacant Homes Solve the Housing Crisis?

June 5th, 2023  |  Season 2  |  24 mins 10 secs

affordability, housing crisis, investment, new western, real estate investment, residential

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.

Is Texas Immune From Distress?

May 29th, 2023  |  Season 2  |  25 mins 11 secs

business, commercial real estate, distress, homebuilders, investing, news, real estate, real estate news, texas

The Real Deal looks at whether distress is hitting commercial and residential real estate players in Texas, as homebuilders slow down developments and office owners struggle with subleases.

New York's Rent Law Battle Enters Its Third Act

May 22nd, 2023  |  Season 2  |  26 mins 11 secs

Nearly four years after landlords challenged New York’s sweeping set of rent reforms, their suit has finally landed where they'd hoped: the doorstep of the Supreme Court. 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.