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Isabella Far and Susanna Cavanagh are the hosts of The Real Deal podcast. This week, they look at what's driving some of the commercial distress we're seeing in New York. They bring on two guests to talk about it: Bob Knackel from JLL and Sam Chandon with NYU Stern School of Business.

As distress descends on commercial real estate, Deconstruct analyzes how past financial crises can inform how borrowers, banks and policy makers handle this down cycle. Guests include: Bob Knakal, JLL Senior Managing Director, Head of New York Private Capital Group; and Sam Chandan, Professor of Finance and Director of the Chao-Hon Chen Institute for Global Real Estate Finance at the New York University Stern School of Business.