Deconstruct - Episodes Tagged with “Office”

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.

Moody's Checks In on the Wall of Office Maturities

The Real Deal — Mon, 08 Apr 2024 05:00:00 -0400

The foretold wall of CMBS maturities has hit and early data on office loans signals the fears around repayments — that troubled owners won't be able to swing it — are being realized. Deconstruct talks with Moody's Analytics Senior Director and Head of CRE Economic Analysis Kevin Fagan and Director of CRE Economics Matt Reidy.

Have We Hit Bottom? A Price Check on Office

The Real Deal — Mon, 11 Mar 2024 05:00:00 -0400

From 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.

New York Community Bank: Canary in the Coal Mine for CRE Pain?

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

New York Community Bank reported a surprise loss in the fourth quarter, took an axe to its dividend and socked away over $500 million for commercial real estate losses. The bank's stock sunk to a 23-year low and other regional lenders fell in response. Is NYCB a red flag or a one-off for CRE distress in the banking space? Deconstruct digs in.

Brokerage Head Kyle Matthews On What's Next For Commercial Real Estate Across The Sun Belt

The Real Deal — Mon, 29 Jan 2024 05:00:00 -0500

Not many commercial brokers branch out to start their own brokerages. But in 2015, Kyle Matthews did. Today, his Nashville-based firm Matthews Real Estate has done more than $50 billion in deals and about 650 agents. Most of what Matthews is focused on is advising clients — helping buyers and sellers sort out investments and identify pockets of opportunity. At a time when some asset classes (hint: multifamily and office) are struggling across the Sun Belt, Matthews thinks there's never been a better time for brokers to take on this role.

The Real Deal's Deconstruct chatted with Matthews about how values dropping presents an opportunity for buyers and what he's predicting across the Sun Belt in 2024.

A Private Equity Head on Investment Opportunity in "Transitional" 2024

The Real Deal — Mon, 22 Jan 2024 05:00:00 -0500

Heading into 2024, rate cuts are the silver lining on everyone’s mind. Still, Ron Dickerman, founder and president of private equity firm Madison International Realty, sees 2024 as a “transitional year.” As capital cautiously comes off the sidelines, Dickerman talks opportunity in the wall of maturities and which asset classes he’s eyeing. Hint: Cold storage is on the come-up

Wind in the Doldrums? A Look Ahead At NYC Investment Sales

The Real Deal — Mon, 11 Dec 2023 05:00:00 -0500

You know the story: interest rates rose and deal flow slowed. After a year and half of sluggish trading, what's next for NYC's investment sales market? Avison Young's Head of Tri-State Investment Sales James Nelson lays out the market dynamics set to drive office and multifamily deals. Ariel Property Advisors' Founder Shimon Shkury gets granular on the distress affecting the rent-stabilized market.

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.

CrowdStreet, Nightingale and a Crowdfunding Disaster

The Real Deal — Mon, 11 Sep 2023 05:00:00 -0400

In 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

Inside Larry Silverstein's New Lease on Life

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

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.

Inside Downtown LA’s Pain Points

The Real Deal — Mon, 13 Mar 2023 05:00:00 -0400

Brookfield 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

'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.

A Peek at CRE in 2023

The Real Deal — Mon, 19 Dec 2022 06:00:00 -0500

It'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.