
Deconstruct
In Deconstruct, The Real Deal breaks down the most important ideas in real estate. We follow the money from Los Angeles to New York City 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.
Latest episodes

May 23, 2022 • 11min
Are Hotels Back?
Last weekend, more than 4.3 million people flew across the U.S. — about 1 million more people than the same days last year. But has this pickup in travel trickled down to hotels? Deconstruct looks at how hotels in some markets have completely bounced back from the effects of the pandemic — and others haven't. You'll hear from Kevin Davis, the CEO of JLL’s hotels and hospitality division for the Americas.
Credit: CNBC, U.S. Transportation Security Administration

May 16, 2022 • 12min
Housing Bubble 2.0?
If you’ve tried to buy a house within the past two years, you know first hand how tough it’s been. Inventory is scant, prices are sky-high and if you do find a diamond in the chaos, chances are you’ll have to compete with other buyers to actually secure a winning bid. But now that mortgage rates are rising, are we seeing signs of a housing bubble? The Real Deal's Deconstruct chats with George Ratiu, an economist at Realtor.com and TRD reporter Kathryn Brenzel about how concerned buyers should really be.
Credit: CNN

May 9, 2022 • 9min
The Mystery Behind Traded
Traded has emerged as a very popular site for brokers, developers and industry professionals to see what has recently, for lack of a better word, traded, and as a way to advertise their own deals. But, who is behind the mysterious account?
For this month’s issue of The Real Deal, Joe Lovinger, a reporter at The Real Deal, set on a mission to find out. Deconstruct chats with Joe about Traded and how he did a lot of digging to find out who was behind this account.

May 2, 2022 • 12min
The Have and Have-Nots of Chicago's Office Market
Over two years into the pandemic, office towers across the U.S. are still struggling with high vacancy rates. Among the nation’s largest metros, one central business district has emerged as a venerable ghost town — downtown Chicago. Deconstruct chats with TRD reporter Sam Lounsberry about how the Chicago office market has fared.
CREDIT: ABC7, WGN News, CBS Chicago

Apr 25, 2022 • 15min
Why Investors Are Housing Students
Last week, Blackstone announced it was buying American Campus Communities for $13 billion. And it's not the only firm getting into student housing. As colleges and enrollment numbers have grown and admission rates have dropped, investment firms and developers have started investing in and building more and more apartments around college campuses. But when did the asset class become so institutionalized, and why?
Deconstruct talks to Justin Gronlie, Harrison Street's head of education real estate, CBRE's Jaclyn Fitts and Core Spaces COO Chad Matesi.
Credits: Yahoo! Finance and CNBC.

Apr 18, 2022 • 10min
Navigating New York's Rent-pocalypse
If you’re a New York renter, chances are if you haven’t been hit with a rent hike yet, you’re bracing for one. But those colossal jumps don't necessarily mean the market has hit it’s peak. TRD's Deconstruct looks at how rents in New York have come soaring back and how experts think more rent rises are to come.
You'll hear from Jonathan Miller, the CEO of appraisal firm Miller Samuel, David Kazemi of Bond New York, Devin Someck, the co-founder of Living New York and Stan Broekhoven of Keller Williams.

Apr 11, 2022 • 11min
Behind the Scenes of Zillow Gone Wild
In the market for a mansion in Connecticut with a potato shed? How about a Friends-themed two-bedroom home? On social media page Zillow Gone Wild, Samir Mezrahi posts the craziest, wackiest and most outlandish homes found on Zillow. TRD's Deconstruct chats with Mezrahi about how the page has grown over the last two years and some of the wildest homes he's seen.
Credits: NBC's "Saturday Night Live," Zillow sketch from Feb. 2021.

Apr 4, 2022 • 9min
Short-Term Rentals Are Here to Stay
Demand for short-term rentals has soared during the pandemic. Companies like June Homes, Blueground and Landing carved out their own niches in the Airbnb-dominated market as renters looked for flexible living during work-from-home periods. Deconstruct's Suzannah Cavanaugh looks at whether these growing rental firms will see continued demand, as companies finalize plans for employees to return to the office.
You'll hear from Jamie Lane, vice president of research at AirDNA, and Daniel Mishin, the founder and CEO of June Homes.

Mar 28, 2022 • 16min
The Feasibility of Home Flipping in California
Home flippers in California are taking advantage of high housing prices and demand for turnkey homes. But, they could face a 25 percent tax on properties under a proposed state bill. TRD's Deconstruct looks at how it may become more difficult to flip homes and whether it's still a profitable investment opportunity.
You'll hear from Page Turner, a broker and home flipper on HGTV's new "Fix My Flip," Tami Pardee, the CEO of Venice-based brokerage Pardee Properties, and Eric Sussman, an adjunct professor at the UCLA Anderson School of Management.
Credits: HGTV, Fox 5 San Diego

Mar 21, 2022 • 12min
The New Kings of New York's Adam Piore
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.