Deconstruct

How a Summer Camp Empire Raised $200M — Then Imploded Months Later

June 15th, 2026  |  Season 5  |  19 mins 23 secs

bankruptcy court, brokerage consolidation, commercial property, commercial real estate, cre news, david shabsel, deconstruct podcast, george pino, hamptons luxury homes, hamptons real estate, helmsley building, investment news, israeli bondholders, israeli bonds, israeli capital markets, luxury gyms, luxury wellness amenities, miami real estate, michael shabsel, multifamily real estate, new york office market, new york real estate, office building sale, office distress, property market news, real estate analysis., real estate development, real estate finance, real estate headlines, real estate investing, real estate news podcast, real estate podcast, real estate trends, residential brokerage, rxr realty, summer camp bankruptcy, summer camp empire, the real deal, wellness amenities, wellness real estate

A summer camp empire that owns roughly 30 camps across the U.S. raised nearly $200 million from Israeli bondholders—and then spiraled into bankruptcy just months later. Reporter Keith Larsen joins Deconstruct to unpack one of the strangest real estate-adjacent stories of the year, including a controversial $34 million transfer, aggressive lenders, and what happens next for camp operators, investors and families.

Plus, Hannah Kramer and Lilah Burke discuss how wellness culture is transforming real estate, from Hamptons luxury homes packed with saunas and cold plunges to the rapid expansion of luxury gyms and wellness-focused retail.

They also break down RXR's effort to sell Manhattan's iconic Helmsley Building, a major brokerage shakeup involving Christie's International Real Estate affiliates, and the closely watched manslaughter trial of Miami broker George Pino.

ChatGPT vs. Real Estate Brokers? Plus, Why Billionaires' Row Is in Trouble

June 8th, 2026  |  Season 5  |  24 mins 22 secs

ai, billionaires row, chatgpt, commercial real estate, compass, nyc real estate, office market, real estate

Buyers are using AI to challenge brokers, AI startups are changing office leasing, and Billionaires' Row developers are facing tough realities. This and more on this episode of Deconstruct, a podcast from The Real Deal.

BGO's Chief Economist on The Fed's Next Move

June 24th, 2024  |  Season 3  |  17 mins 57 secs

business, commercial real estate, economics, federal reserve, interest rates, investing, new york city, news, offices, real estate, real estate news

The Real Deal podcast Deconstruct talks to BentallGreenOak's chief economist, Ryan Severino, about expectations around the Fed, interest rates, and how commercial real estate will be affected.

Opportunity, Opportunity, Opportunity: Goldman Sachs' Alternative Capital Lead on Real Estate Lending

June 3rd, 2024  |  Season 3  |  27 mins 24 secs

banking, business, commercial real estate, finance, goldman sachs, investing, lending, new york city, news, private credit, real estate, real estate lending, real estate news

The Real Deal podcast Deconstruct chats with Goldman Sachs' co-head of alternative capital formation, Jeffrey Fine, about where the firm is looking to make new commercial real estate loans and the general state of lending.

Dealing with Syndications 101 with LP Adviser Aleksey Chernobelskiy

May 28th, 2024  |  Season 3  |  27 mins 41 secs

business, commercial real estate, distress, investing, multifamily, new york city, news, real estate, real estate news, real estate syndication, retail investment, sun belt, syndication

The Real Deal's Deconstruct chats with Aleksey Chernobelskiy, who advises retail investors and limited partners in real estate syndications.

Looking at the Legislation Critical to Making Office-to-Residential Conversions Work

April 29th, 2024  |  Season 3  |  32 mins 41 secs

bobby fijan, business, commercial real estate, conversions, development, distress, financing, form developers, housing, investing, legislation, new york city, news, office, office-to-resi, office-to-residential, policy, real estate, real estate news, zoning

The Real Deal's Deconstruct chats with Philadelphia-based developer Bobby Fijan of Form Developers about what legislation, policies, subsidies and programs have helped push forward office-to-residential conversions.

The Closing With CBRE's LA Head Lew Horne

April 15th, 2024  |  Season 3  |  35 mins 51 secs

business, cbre, commercial real estate, investing, lew horne, los angeles, office market, real estate, real estate news, the closing, the real deal

The Real Deal spokes to CBRE's LA head, Lew Horne, about L.A.'s transfer taxes, the city's office market, his family and career. Deconstruct is airing an extended version of this interview, which appeared in the April issue of The Real Deal's magazine. To read the interview online, head to TheRealDeal.com.

Gil Dezer on Luxury Development, Financing and the South Florida Boom (Plus His Love For Cars)

March 4th, 2024  |  Season 3  |  24 mins 57 secs

business, capital markets, commercial real estate, condo market, construction financing, dezer development, gil dezer, investing, miami, new york city, news, porsche design tower, real estate, real estate news, south florida

The Real Deal's podcast Deconstruct chatted with Gil Dezer of Dezer Development about developing high-end, luxury condo towers in South Florida, financing availability and why he'll always be bullish on Miami.

The Real Guy Behind StripMallGuy

February 26th, 2024  |  Season 3  |  17 mins 14 secs

commercial real estate, don tepman, real estate investing, strip malls, stripmallguy, university avenue partners

If you're on RETwit (now Real Estate X), you've probably read Don Tepman's posts. You just didn't know it. Tepman, who heads University Avenue Partners, is StripMallGuy, the once anonymous X account that amassed over 200k followers since 2021. Tepman, now unmasked, sits down with Deconstruct to talk why he went public and of course, what's next for strip malls.

The Short-Seller And The REIT: Inside Arbor Realty Trust's CLOs

February 19th, 2024  |  Season 3  |  29 mins 14 secs

arbor realty trust, business, capital markets, commercial real estate, investing, multifamily, new york city, news, real estate, real estate news, reit, sun belt, syndication

The Real Deal's Deconstruct looks at Arbor Realty Trust's earnings and speaks to Viceroy Research's Gabriel Bernarde about short selling Arbor's stock.