Deconstruct

Note: This episode was recorded before the state finalized a housing deal. For a detailed break down of what passed check out Senior Reporter Kathryn Brenzel's story here: 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.”

CBRE's LA Head Lew Horne discusses barriers in the LA real estate market like a stagnant office market, new transfer taxes, and bureaucratic permitting processes. He emphasizes the need to regain trust in the development community and not restrict what they build.

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.

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. The Real Deal's Deconstruct chatted with Thomas Whitesell, Kennedy Wilson's head of debt originations, about how the firm is choosing what to lend on, its optimism for multifamily and the difficulties with office-to-resi conversions.

Discussing the NAR settlement and its implications on real estate agent commissions. Exploring the perspectives of industry experts on the changes and the impact on agents and homebuyers. Analyzing the potential effects of altering commission structures on home prices and the evolving dynamics in real estate commissions.

Democrats in Congress introduced a bill to stop hedge fund ownership of single-family homes, affecting developers specializing in build-to-rent. The podcast discusses the rise of institutional investors in the single-family rental market, recent real estate regulation updates, luxury tower sales in downtown LA, and the impact of developers building homes for renting.

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.

Gil Dezer discusses his success in building branded condos in South Florida, including the Porsche Design Tower and Armani Residences. He shares insights on pre-sales at the upcoming Bentley Tower, construction loans, and his confidence in South Florida. Dezer also talks about his love for luxury cars, including recent additions to his collection.

If you're on RETwit (now Real Estate X), you've probably read Don Tepman's posts. You just didn't know it. Tepman, who heads University Avenue Partners, is StripMallGuy, the once anonymous X account that amassed over 200k followers since 2021. Tepman, now unmasked, sits down with Deconstruct to talk why he went public and of course, what's next for strip malls.

The podcast delves into the challenges faced by Arbor Realty Trust due to issues with loans in CLOs, with insights from Vicerory Research. It also explores real estate controversies, risks in the industry, loan refinancing for property rehabilitation, and Arbor's unique borrower negotiation strategies.