Name: Filling the Gap: The Private Players Turning to Real Estate | Deconstruct
Uploaded: 2023-10-02T21:07:29Z

In Deconstruct, The Real Deal’s Isabella Farr and Suzannah Cavanaugh break down the most important ideas in real estate. We follow the money across the country to explain what investors, brokers and developers are focused on right now. This is essential listening for understanding the great, big world of real estate.

Check out earlier episodes of Deconstruct on Apple and Spotify.

DECONSTRUCT - PODCAST

Matthew Mannion is auctioneer to the stars of New York City real estate. He handled the Flatiron Building's two-parter, the Times Square Margaritaville's flameout and most recently the UCC auction of Cohen Realty Enterprises' interest in a potpourri of assets.
As foreclosure filings keep ticking up, Mannion shares stories from the courthouse steps and the inside scoop on how auctions get done.

The Guy Holding the Gavel at the Fortress v. Cohen Auction | Deconstruct

After years of negotiations, Albany has finally fleshed out the framework for a housing deal. Tenants call it a give away to developers. Landlords have their own gripes with an intended boon for rent-stabilized owners. Deconstruct sits down with The Real Deal's Kathryn Brenzel to talk Gov. Kathy Hochul’s “parameters of a conceptual agreement.”

New York finally gets a housing deal | Deconstruct

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. Check out the full episode wherever you get your podcasts.

Moody's checks in on the wall of maturities | Deconstruct

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.

How lender Kennedy Wilson picks a real estate development to finance

In December, Democrats in Congress introduced a bill that would put an end to hedge fund ownership of single-family homes. As demand for single-family rentals continues to grow, developers specializing in build-to-rent claim they'll get burnt. #deconstruct breaks down who's in the crosshairs and the likelihood that legislation can rein in the investment giants.

Why Congress is going after #hedgefunds over #singlefamilyhomes  | Deconstruct #realestate

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. Listen to the full episode here: https://open.spotify.com/episode/1vP4W58S7W1KWs7m05pC5M

Have we hit bottom? A price check on office | Deconstruct

South Florida is covered in cranes. In the latest episode of Deconstruct, TRD talked to Dezer Development's Gil Dezer about the booming market in Miami. 

Gil Dezer on the South Florida boom | Deconstruct

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.

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

The Real Deal podcast Deconstruct chatted with Kyle Matthews, the CEO of Matthews Real Estate Services, about starting his own brokerage and where he sees the Sun Belt’s commercial real estate sector heading in 2024.

Kyle Matthews on What’s Next For Commercial Real Estate Across The Sun Belt | Deconstruct

Rate cuts are the silver lining on everyone’s mind this year. But Madison International Realty's Ron Dickerman sees 2024 as a "transitional year." As capital cautiously comes off the sidelines, the private equity expert talks opportunity in the wall of maturities and which asset classes he’s eyeing.

A Private Equity Head on Investment Opportunity in "Transitional” 2024 | Deconstruct

YIMBYs are gaining ground in the battle against their development-averse opponents — but the conflict is far from over. On this week's Deconstruct, Isabella Farr and Suzannah Cavanaugh talk 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.

The NIMBY vs. YIMBY Battle Takes The Nation | Deconstruct

Airbnb's head of global real estate Jesse Stein talks San Francisco recovery, why your next co-working space may be at an Airbnb and the company's push to grow its international listings.

Airbnb's Head of Global Real Estate Jesse Stein

“A slow-moving trainwreck.” That's what Polpo Capital's Daniel McNamara calls the wall of maturities — the massive amount of commercial mortgage-backed securities coming due in the next year or two — on the latest ep of #TRDDeconstruct. Many are facing a triple threat: the triple whammy of higher #interestrates, lower valuations and more conservative lending. All of that is making it difficult for commercial landlords to refinance and leaving #CMBS investors at risk.

The Distress Roiling the CMBS Markets | Deconstruct

As 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. TRD’s Deconstruct chats with Jonathon Blackwell managing partner of Arkhouse, a private equity firm focused on deals to privatize public real estate investment trusts and how they see opportunity in the private credit boom.

Filling the Gap: The Private Players Turning to Real Estate | Deconstruct

Even in a downmarket, The Agency is expanding. Last year, founder Mauricio Umansky expanded the brokerage with an office in New York, then The Hamptons. Umansky chats with Deconstruct about when he sees the residential market rebounding and what to expect for Season 2 of his realty tv show Buying Beverly Hills

The Agency’s Mauricio Umansky talks resi market turnaround and Season 2 of Buying Beverly Hills

On the newest episode of #Deconstruct, CEO of #crowdfunding platform FundRebel, Mark Drachman, breaks down the regulations governing the space and what sets his platform apart from his embattled peers.

CEO of Fundrebel Mark Drachman talks crowdfunding regulations on Deconstruct

At 92 years old, Larry Silverstein, the man who redeveloped the World Trade Center site, is still shaking things up. The founder of @SilversteinProperties is spearheading a mammoth office-to-residential conversion. He's thrown his hat in the ring for the city casino bid. And he's turned a new page in his social life, embedding himself with the young new crowd that has flocked to Lower #Manhattan. 

Larry Silverstein talks conversions, casinos and his new lease on life | Deconstruct

Season 3 of TRD’s podcast Deconstruct is coming your way! Hosted by TRD’s Isabella Farr and Suzannah Cavanaugh, this season will showcase Silverstein Properties' Larry Silverstein, FundRebel CEO Mark Drachman, Arkhouse co-managing partners Jon Blackwell and Gavriel Kahane, Related Companies' office development head Philippe Visser and more! Tune in for the season premiere, Tuesday 9/5/23, available on Spotify, Apple, or wherever you listen to your podcasts!

Season 3 Premiere of Deconstruct!

Can a developer lose a unit in his own project? Amir and Eric explain.