No Cap by CRE Daily

In this engaging discussion, Bob Knakal, Chairman and CEO of BK Real Estate Advisors and one of NYC's top brokers, shares his inspiring journey in real estate. He emphasizes the criticality of market knowledge and strategic prospecting for success. Knakal also explores the unique aspects of the New York market, offering practical advice for aspiring brokers. Additionally, he highlights the transformative role of social media in expanding reach and building a professional legacy in an increasingly competitive landscape.

Season 2, Episode 3: C-PACE Financing: The Best-Kept Secret in Real Estate? In this episode of No Cap by CRE Daily, hosts Alex Gornik and Jack Stone are joined by Robbie Pinkas, Senior Vice President of PACE Loan Group. They dive into the world of C-PACE financing, explaining how it works and how it can fund energy-efficient improvements, making your property more sustainable and valuable. They also discuss how C-PACE fits into the broader financing landscape, its differences from traditional loans, and why it's important to fully understand the details before jumping in. If you’re wondering whether C-PACE financing is the right fit for your next project, this episode has everything you need to know! CHAPTERS: 0:00 - Introduction 3:23 - Barry Stern's Return of Starwood Hotels 10:11 - Chrysler Building Leasehold Loss 15:31 - Loan Modifications and Financing Trends 19:47 - What is C-PACE Financing? 26:57 - Sound Stage in St. Louis 29:36 - Downtown LA Office Tower 36:17 - Getting in Touch with Robbie Pinkas We want to thank our sponsor Greysteel.  For more episodes of No Cap by CRE Daily visit https://www.credaily.com/podcast/ Watch this episode on YouTube: https://www.youtube.com/@NoCapCREDaily About No Cap Podcast Commercial real estate is a $20 trillion industry and a force that shapes America’s economic fabric and culture. No Cap by CRE Daily is the commercial real estate podcast that gives you an unfiltered ”No Cap” look into the industry’s biggest trends and the money game behind them. Each week co-hosts Jack Stone and Alex Gornik break down the latest headlines with some of the most influential and entertaining figures in commercial real estate. About CRE Daily  CRE Daily is a digital media company covering the business of commercial real estate. Our mission is to empower professionals with the knowledge they need to make smarter decisions and do more business. We do this through our flagship newsletter (CRE Daily) which is read by 65,000+ investors, developers, brokers, and business leaders across the country. Our smart brevity format combined with need-to-know trends has made us one of the fastest growing media brands in commercial real estate.

In this conversation, Anoop Dave, co-founder of Victrix Investment, shares his expertise in transforming old office spaces into vibrant residential communities. He discusses the rising trend of adaptive reuse as a solution to housing shortages, shedding light on the civic support needed and the federal government's role. Anoop also addresses the challenges of converting offices in urban areas like NYC, highlighting success stories and the financial hurdles developers face, all while emphasizing the long-term benefits of such projects for communities.

Season 2, Episode 1: No Cap by CRE Daily is back and we're kicking things off with a deep dive into the biggest headlines shaping commercial real estate in 2025. Fannie & Freddie might finally go private—but what does that mean for mortgages, multifamily lending, and the housing market? Trump’s 2025 policies could bring major changes, and soaring insurance costs from LA wildfires are hitting property values hard.   Join our hosts Alexander Gornik and Jack Stone as they break it all down   TOPICS 0:00 – Introduction 02:15 – Will Fannie & Freddie Go Private? 06:09 – What Happens If Fannie & Freddie Go Private? 10:45 – How Privatization Could Impact Homeowners & Investors 16:20 – Trump’s 2025 Real Estate Policies 20:57 – Will the U.S. Sell Off Federal Real Estate? 28:46 – Hot Rental Markets in 2025 35:39 – Wildfires, Insurance Crisis & Falling Property Values 43:47 – The Biggest Real Estate Loans of 2024 50:10 – 2025 Market Predictions   We want to thank our sponsor Greysteel.    For more episodes of No Cap by CRE Daily visit https://www.credaily.com/podcast/   Watch this episode on YouTube: https://www.youtube.com/@NoCapCREDaily     About No Cap Podcast Commercial real estate is a $20 trillion industry and a force that shapes America’s economic fabric and culture. No Cap by CRE Daily is the commercial real estate podcast that gives you an unfiltered ”No Cap” look into the industry’s biggest trends and the money game behind them. Each week co-hosts Jack Stone and Alex Gornik break down the latest headlines with some of the most influential and entertaining figures in commercial real estate.     About CRE Daily  CRE Daily is a digital media company covering the business of commercial real estate. Our mission is to empower professionals with the knowledge they need to make smarter decisions and do more business. We do this through our flagship newsletter (CRE Daily) which is read by 65,000+ investors, developers, brokers, and business leaders across the country. Our smart brevity format combined with need-to-know trends has made us one of the fastest growing media brands in commercial real estate.

Season 1, Episode 13: This season finale of No Cap by CRE Daily features a rare conversation with Richard Byrne, President of Benefit Street Partners and CEO of Franklin BSP Capital Corp. Join hosts Jack Stone and Alex Gornik as they explore Richard’s incredible career—from his early jobs and rapid rise at Merrill Lynch in the 80s to his transition into real estate lending at Benefit Street Partners.   TOPICS 00:00 – Introduction 00:27 – Richard’s Early Life and First Jobs 03:10 – Climbing the Ladder at Merrill Lynch in the 80s 08:29 – From Casinos to Deutsche Bank 12:50 – Transition to Real Estate Lending 20:49 – Early Involvement with RFT 22:28 – Exploring FBRT and Other Service Lines 24:47 – The Role of Opportunistic Debt Funds (ODFs) 31:51 – Optimism in Today’s Real Estate Market 34:57 – Who’s Still Pursuing Multi-Property Deals 38:38 – Risk Management in Today’s Market 41:15 – Standing Out in the Industry 47:13 – A Banker’s Path to Jiu-Jitsu 58:32 – Advice for Young Professionals 01:01:27 – Conclusion   We want to thank our sponsor Viking Capital.    For more episodes of No Cap by CRE Daily visit https://www.credaily.com/podcast/   Watch this episode on YouTube: https://www.youtube.com/@NoCapCREDaily     About No Cap Podcast Commercial real estate is a $20 trillion industry and a force that shapes America’s economic fabric and culture. No Cap by CRE Daily is the commercial real estate podcast that gives you an unfiltered ”No Cap” look into the industry’s biggest trends and the money game behind them. Each week co-hosts Jack Stone and Alex Gornik break down the latest headlines with some of the most influential and entertaining figures in commercial real estate.     About CRE Daily  CRE Daily is a digital media company covering the business of commercial real estate. Our mission is to empower professionals with the knowledge they need to make smarter decisions and do more business. We do this through our flagship newsletter (CRE Daily) which is read by 65,000+ investors, developers, brokers, and business leaders across the country. Our smart brevity format combined with need-to-know trends has made us one of the fastest growing media brands in commercial real estate.

Season 1, Episode 12: In this episode of No Cap by CRE Daily, we sit down with Jilliene Helman, founder and CEO of RealtyMogul, to explore her entrepreneurial journey and the evolution of RealtyMogul in the real estate industry. Jilliene shares how her background inspired the launch of RealtyMogul, details the platform’s first deal, and explains the three businesses that form its foundation. We discuss what RealtyMogul looks for in sponsors, the early days of crowdfunding, and the impact of the 2012 Jobs Act on real estate investing.    TOPICS 00:00 — Intro 00:47 — Jilliene’s background and what led to creating RealtyMogul 02:19 — RealtyMogul’s first deal 04:10 — What RealtyMogul is, and the 3 businesses that make it up 05:43 — The value RealtyMogul brings to the table 07:10 — What RealtyMogul looks for in sponsors 09:05 — The first iteration of RealtyMogul, and how it got crowdfunded 12:50 — How crowdfunding worked in its earliest stages 14:35 — What the 2012 Jobs Act changed, and what stayed the same 19:03 — How RealtyMogul handled capital calls 20:46 — What a REIT is, and why RealtyMogul got into them 23:20 — The future of RealtyMogul 25:26 — Why balancing investors and deals is so challenging 29:35 — What sponsors should be looking for 31:18 — The secret to RealtyMogul’s longevity 32:34 — Jilliene’s family background 34:17 — What Burning Man is like, and why so many successful people attend 37:50 — How Jilliene stays creative 39:23 — Jilliene’s favorite travel destinations, and what she loves about Japan 40:43 — The potential of the new city being built outside San Francisco 43:40 — Why RealtyMogul is bullish on Columbus, Ohio 46:18 — The future of crowdfunding in real estate   We want to thank our sponsor Viking Capital.    For more episodes of No Cap by CRE Daily visit https://www.credaily.com/podcast/   Watch this episode on YouTube: https://www.youtube.com/@NoCapCREDaily     About No Cap Podcast Commercial real estate is a $20 trillion industry and a force that shapes America’s economic fabric and culture. No Cap by CRE Daily is the commercial real estate podcast that gives you an unfiltered ”No Cap” look into the industry’s biggest trends and the money game behind them. Each week co-hosts Jack Stone and Alex Gornik break down the latest headlines with some of the most influential and entertaining figures in commercial real estate.     About CRE Daily  CRE Daily is a digital media company covering the business of commercial real estate. Our mission is to empower professionals with the knowledge they need to make smarter decisions and do more business. We do this through our flagship newsletter (CRE Daily) which is read by 65,000+ investors, developers, brokers, and business leaders across the country. Our smart brevity format combined with need-to-know trends has made us one of the fastest growing media brands in commercial real estate.

Season 1, Episode 11: In this episode of No Cap by CRE Daily, hosts Jack Stone and Alex Gornik sit down with Aleksandr Gampel, Co-Founder of Cuby, to explore how Cuby is revolutionizing the construction industry. They dive into Cuby's mission to industrialize the construction process through transportable factories that minimize human error, reduce timelines, and bring cost transparency without sacrificing design.     Aleksandr shares his insights on the housing shortage, the waste in traditional construction, and Cuby’s innovative use of digital twins and lean manufacturing. Listeners will also hear how Cuby’s software and operating system streamline the entire building process and why Gampel believes the best construction companies are really supply chain companies.      TOPICS 00:00:00 - Introduction 00:00:42 - The Story Behind Alex and Alex’s First Meeting 00:03:35 - Cuby’s Vision: What is Cuby and Its Mission? 00:04:20 - Personal Connections: Do You Know Someone in Construction? 00:07:34 - The Big Question: Can Construction Be Industrialized? 00:09:04 - Alex’s First Principles Approach to Building Homes 00:12:43 - Addressing the Crisis: The Lack of Affordable Housing 00:14:17 - Waste in Construction: Why the Industry Produces So Much Waste 00:15:26 - Technology Insight: What Exactly is a Digital Twin? 00:16:51 - Building for the Future: The Machine That Builds the Machine 00:19:12 - How Cuby Can Streamline Your Construction Projects 00:27:33 - A Deep Dive into Cuby’s Software and Its Capabilities 00:30:02 - Understanding Cuby’s Operating System and Its Functionality 00:36:28 - Why Cuby? The Value Proposition for Working With Cuby 00:38:54 - “The Best Construction Companies Are Supply Chain Companies” 00:44:12 - Cuby Today: Current Status and Milestones 00:52:00 - Expanding Horizons: Cuby’s Market Expansion Strategy 00:56:09 - The Role of Venture-Backed Companies in the Defense Space 00:58:35 - Closing Moments     We want to thank our sponsor Viking Capital.      For more episodes of No Cap by CRE Daily visit https://www.credaily.com/podcast/   Watch this episode on YouTube: https://www.youtube.com/@NoCapCREDaily     About No Cap Podcast Commercial real estate is a $20 trillion industry and a force that shapes America’s economic fabric and culture. No Cap by CRE Daily is the commercial real estate podcast that gives you an unfiltered ”No Cap” look into the industry’s biggest trends and the money game behind them. Each week co-hosts Jack Stone and Alex Gornik break down the latest headlines with some of the most influential and entertaining figures in commercial real estate.     About CRE Daily  CRE Daily is a digital media company covering the business of commercial real estate. Our mission is to empower professionals with the knowledge they need to make smarter decisions and do more business. We do this through our flagship newsletter (CRE Daily) which is read by 65,000+ investors, developers, brokers, and business leaders across the country. Our smart brevity format combined with need-to-know trends has made us one of the fastest growing media brands in commercial real estate.

Jonathon Barkl, the CEO and co-founder of AirGarage, shares his transformative journey in the parking industry, starting from college frustrations to revolutionizing parking with tech innovations. He discusses the shift from 'Airbnb for driveways' to partnering with real estate owners, unlocking underutilized spaces. The conversation covers dynamic pricing, the importance of understanding parking occupancy, and how a technology-first approach can enhance user experience. Jonathon’s insights challenge outdated systems and highlight the future of seamless parking.

Season 1, Episode 9: In this episode of No Cap by CRE Daily, Alex and Jack chat sit down with Michael Santora, CEO and co-founder of Logic. Michael discusses his robotics platform, which automates supply chains and optimizes warehousing. The group dives into the impact on warehouse and distribution centers, where the industry is heading, and other applications of Logic’s systems.     TOPICS 00:00 — Intro 00:52 — How Alex & Michael Met 02:15 — Michael’s Early Architectural Background 04:15 — How the 2008 Market Crash Impacted Michael 05:53 — Michael’s Journey into Industrial Design 06:41 — Solving for Spatial Efficiency in Warehouses 09:35 — Are the Robots Running the Warehouses? 11:06 — How Much is Wasted Using Forklifts? 13:06 — Logic’s Initial Company Focus 15:48 — Replacing Aisles in Warehouses 21:45 — Charging Docks for Logic’s Pallets 25:52 — Inefficiency of Delivery Trucks in Big Cities 28:40 — Michael on Going Back to School 30:09 — Consulting With Space Force 32:44 — Logic’s Commercial and Defense Operations 37:10 — Logic’s Pallets Loading C-130 Hercules 37:50 — Logic’s Pallet Composition 40:12 — Logic Pallet Delivering Pizza 43:45 — Conclusion     We want to thank our sponsor Viking Capital.      For more episodes of No Cap by CRE Daily visit https://www.credaily.com/podcast/     Guest Information: For more information on Meta Logic, click here. To connect with Michael on LinkedIn, click here.     About No Cap Podcast Commercial real estate is a $20 trillion industry and a force that shapes America’s economic fabric and culture. No Cap by CRE Daily is the commercial real estate podcast that gives you an unfiltered ”No Cap” look into the industry’s biggest trends and the money game behind them. Each week co-hosts Jack Stone and Alex Gornik break down the latest headlines with some of the most influential and entertaining figures in commercial real estate.     About CRE Daily  CRE Daily is a digital media company covering the business of commercial real estate. Our mission is to empower professionals with the knowledge they need to make smarter decisions and do more business. We do this through our flagship newsletter (CRE Daily) which is read by 65,000+ investors, developers, brokers, and business leaders across the country. Our smart brevity format combined with need-to-know trends has made us one of the fastest growing media brands in commercial real estate.

Season 1, Episode 8: In this episode of No Cap by CRE Daily, Alex and Jack discuss Dallas' rise as a finance hub, major developments from Goldman Sachs and Wells Fargo, and Trimont's acquisition of Wells Fargo's $475B CRE loan portfolio. They also cover JLL's $18M fraud loss, South Florida's condo challenges, Sonder's Marriott partnership, and the latest on retail closures and CRE mortgage originations.   TOPICS 0:18 — Alex’s Weekend in the Hamptons 2:19 — "Y’all Street Journal" and Dallas' Financial Boom 3:57 — Trimont's $475B Wells Fargo Acquisition 5:38 — Mr. Cooper Buys Flagstar’s Mortgage Servicing 6:46 — JLL Hit by $18M Multifamily Loan Fraud 9:36 — Florida Condo Market Crisis  15:49 — Marriott Rescues Sonder with Strategic Deal 19:38 — U.S. Retail Store Closures Surpass Openings 22:24 — Alex Witnesses a Robbery in Real Time 25:00 — TSA-Level Security at CVS & Walgreens 28:24 — Multifamily Market Shows Signs of Stabilization 31:44 — Merch Giveaway    We want to thank our sponsor Viking Capital.    For more episodes of No Cap by CRE Daily visit https://www.credaily.com/podcast/   About No Cap Podcast Commercial real estate is a $20 trillion industry and a force that shapes America’s economic fabric and culture. No Cap by CRE Daily is the commercial real estate podcast that gives you an unfiltered ”No Cap” look into the industry’s biggest trends and the money game behind them. Each week co-hosts Jack Stone and Alex Gornik break down the latest headlines with some of the most influential and entertaining figures in commercial real estate.   About CRE Daily  CRE Daily is a digital media company covering the business of commercial real estate. Our mission is to empower professionals with the knowledge they need to make smarter decisions and do more business. We do this through our flagship newsletter (CRE Daily) which is read by 65,000+ investors, developers, brokers, and business leaders across the country. Our smart brevity format combined with need-to-know trends has made us one of the fastest growing media brands in commercial real estate.