Deconstruct - Episodes Tagged with “Development”

Investment lessons from 13th Floor's very active Arnaud Karsenti

The Real Deal — Mon, 18 Nov 2024 05:00:00 -0500

Arnaud Karsenti, the head of Miami-based 13th Floor Investments, has a whopping dozen multifamily projects underway in a city set to break another record for deliveries in 2024. Does Miami have the tenants to meet that supply? Karsenti talks in-migration, demand for housing near public transit and the pros and cons of public-private partnerships at The Real Deal's South Florida Real Estate Forum.

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

The Real Deal — Mon, 29 Apr 2024 05:00:00 -0400

It's not just tax credits. It's not just zoning by right. To make office-to-residential conversion projects work, developers need all of the above, says Bobby Fijan of Philadelphia-based Form Developers. TRD's Deconstruct chatted with Fijan about some of the legislation, policies, subsidies and programs across the country that have helped push these conversions forward.

How Lender Kennedy Wilson Picks a Real Estate Development to Finance

The Real Deal — Mon, 01 Apr 2024 05:00:00 -0400

For the most part, construction lending has dried up across the country, with more and more regional banks pulling back from financing ground-up real estate projects. But Kennedy Wilson, a lender based out of Los Angeles, sees opportunity in that. With more lenders on the sidelines, Kennedy Wilson can take advantage of lending to what it determines are the best borrowers and the best projects. And by being active, it can help take some construction loans off regional banks' balance sheets.

The Real Deal's Deconstruct chatted with Thomas Whitesell, Kennedy Wilson's head of debt originations, about how the firm is choosing what to lend on, its optimism for multifamily and the difficulties with office-to-resi conversions.

The NIMBY vs. YIMBY Battle Takes The Nation

The Real Deal — Mon, 15 Jan 2024 05:00:00 -0500

Pull back the cover of The Real Deal's January issue and you'll find NIMBY vs. YIMBY battles unfolding across the country. Deconstruct talks with TRD senior reporters and bureau chiefs to unpack what's driving development and blocking construction in New York, South Florida, Los Angeles, Austin and Chicago.

Deconstruct Live at TRD's Miami Forum: Using AI to Hack Zoning

The Real Deal — Mon, 08 Jan 2024 05:00:00 -0500

Imagine a scenario where you, a developer, could pick a site on a map and discover exactly what you could build there. No more hiring experts, contacting the city, finding ways to match zoning requirements. Deepblocks, run by Olivia Ramos, is trying to do exactly that and more, using artificial intelligence. Deconstruct sat down with Ramos at The Real Deal's annual Miami Forum last November to chat about the firm, concerns around AI and how its applications are spreading across the real estate industry.

Deconstruct Live at The Real Deal's Miami Forum: Meet Kaizen AI

The Real Deal — Mon, 18 Dec 2023 05:00:00 -0500

In early November, the Deconstruct team flew to Miami for The Real Deal's annual showcase and forum. We're bringing you an interview we did live with the founders of Kaizen AI, Jay Shah and Anuj Shah. Kaizen uses artificial intelligence to analyze building designs, then retrofits them to be the most profitable project for any given space, taking developer wants into account.

Deconstruct Live at The Real Deal's Miami Forum: Inside Miami's Resi Market

The Real Deal — Mon, 20 Nov 2023 05:00:00 -0500

In early November, the Deconstruct team flew to Miami for The Real Deal's annual showcase and forum. We're bringing you two interviews we recorded on site at the event. First, you'll hear from Miami star broker Dora Puig about the state of the residential market. After that, Edgardo Defortuna and Ana Christina Defortuna at Fortune International Group talk about the hotel-branded residence market, new development in South Florida and why there are so many New York restaurants in Miami.

As New Development Stalls, Swire Properties is Still Reshaping Miami

The Real Deal — Mon, 09 Oct 2023 05:00:00 -0400

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 mainland office supertall it's building with Related.

Why Related Companies Is Still Building Office

The Real Deal — Mon, 18 Sep 2023 05:00:00 -0400

Related 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.

Reinventing the American Mall With Bill Shopoff

The Real Deal — Mon, 15 May 2023 05:00:00 -0400

For 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

'Shvo-ing' It Up: Why Michael Shvo Is Bullish on Office

The Real Deal — Mon, 20 Feb 2023 05:00:00 -0500

Michael 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.

SL Green Bets On a Future Times Square Casino

The Real Deal — Mon, 16 Jan 2023 05:00:00 -0500

Times 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 of the State 2023 address

What Happens When California Cities Fumble Housing Plans?

The Real Deal — Mon, 31 Oct 2022 05:00:00 -0400

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 get a deluge of new housing.

The New Kings of New York's Adam Piore

The Real Deal — Mon, 21 Mar 2022 07:00:00 -0400

At 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.

How SoFi Stadium Kickstarted Inglewood's Boom

The Real Deal — Fri, 11 Feb 2022 07:00:00 -0500

Last 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, Henry Manoucheri, the CEO of Universe Holdings, and Peter Belisle, JLL's southwest region president.

Credit:
“Little economic benefit from new stadium” — Investigative Post interview with Michael Leeds; “Why do taxpayers pay billions for football stadiums?” — Vox

Redeveloping Miami Beach's Hottest Strip

The Real Deal — Mon, 15 Nov 2021 09:00:00 -0500

Miami 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.