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	Title	Pub. Date	Duration
	Arbor's Looking Glass and Alexandria's Pipette Dreams	04 Nov 2026	00:35:19
This week, it’s time to address the multifamily distress from the lens of the lender, specifically, one of the biggest ones: Arbor Realty Trust has been walloped on Wall Street- its stock is down 73% this year, it suspended its dividend, it’s the target of short sellers, and it’s been getting twice-bitten on some loans made at the peak. Can Ivan Kaufman pull off a great escape? Next, we put in a call to the men in the white coats: Alexandria Real Estate Equities is selling off large chunks of the life-sci empire it defined a whole category with. Plus, our Punch List rundown of the newsiest industry happenings: Rafi Toledano's comeback; a data center-loving county; Rockpoint's skyscraper etch-a-sketch; Weil Gotshal's collapse; TPG's $5B raise; and BXMT's woes Sponsors: 1) Pensford, the only interest-rate advisory focused exclusively on CRE 2) Bravo Capital, a leading HUD and bridge lender. 3) H Equities, your mid-market go-to on both sides of the capstack. Hit them up for bridge loans of up to $50M, or if you need a co-GP partner for that last 10-20% of equity. Partner Content: "Inside the Capstack" with Gibson Dunn's Eric Meer. Meer discusses the nuances of taking in preferred equity. Up your CRE game: Consider becoming a premium subscriber to The Promote to unlock access to deep dives, bonus content and expert perspectives. Take 10% off annual subscriptions by using this link. Further Reading/Listening Rafi Toledano Steps Back Into the Fray Downtown Office Tower Sells At Foreclosure Auction For $260M Weil E Coyote TPG, ACORE Raise Billions For Opportunistic CRE Funds Viceroy's dossier on Arbor Realty Trust The Double Schlimazel, REO Edition
	The Apollo Program & Dirty Ground Games	29 Oct 2026	00:35:57
This week, we break down an ingenious scheme that has wreaked havoc on several regional banks. Lad of Lakewood Shaya Prager became one of the biggest buyers of suburban office in the pandemic era – everyone wondered how his Opal Holdings could make the numbers pencil – perhaps his lenders should have wondered harder, too. Next, we look at how Apollo is looking to become the Everything Store of CRE finance: Two fresh deals – with UDR and with Mubadala Capital – showcase the breadth of its ambition. Plus, our Punch List rundown of the newsiest industry happenings: 350 Park's construction loan; Webstar's fugazi project; Hines sells to Hines DST; Lower Manhattan's heimish transformation; NYC's nonprofit dibs ruling. Sponsors: 1) Harvard AMDP, the premier advanced leadership program for mid-senior CRE pros. Applications for the Summer 2027 term are now open. 2) LoanBoss, the industry-leading debt management software, now supercharged by AI. 3) Bravo Capital, a leading HUD and bridge lender. Sign up for their upcoming HUD market-rate webinar here. 4) H Equities, your mid-market go-to on both sides of the capstack. Hit them up for bridge loans of up to $50M, or if you need a co-GP partner for that last 10-20% of equity. NYC Live POD: Nov. 5, 2026 - by invitation only. Inquire about sponsorships here. Up your CRE game: Consider becoming a premium subscriber to The Promote to unlock access to deep dives, bonus content and expert perspectives. Take 10% off annual subscriptions by using this link: For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple 🙏 For brand partnerships: Reach out to partnerships@thepromote.com Further Reading/Listening Sleepless in Seattle: The Martin Selig Story Capstack for Citadel’s NYC Tower Takes Shape Atlanta’s Phantom Megaproject Lower Manhattan’s Heimish Era Nonprofits to get first dibs on buying distressed multifamily housing Prager Pain Hits More Banks Lads of Lakewood Apollo To Buy Majority Stake In $2B UDR Portfolio Apollo Sinks Tentacles Deeper Into CRE Credit
	Where Alpha Goes to Die & the CoreWeave Canary	21 Oct 2026	00:37:37
This week, we dive into why the smartest guys in the room keep bellyflopping when it comes to CRE. Two Sigma’s recent retreat is part of a long line of edgy hedgies who’ve been humbled at the brick-and-mortar altar. We then head to the scene of a fast-moving car crash in the world’s hottest asset class: Yields on CoreWeave's junk bonds surged to an alarm-ringing 15% this week, and institutional players from across the CRE universe who've gone all-in on data centers are watching closely. Plus, our Punch List rundown of the newsiest industry happenings: Cain's "Founder Bonds" at One Beverly Hills; EQT-Stockbridge; Pontegadea's Chicago blockbuster deal; and S2 and Rise48's refis and loan mods. Sponsors: 1) Pensford, the only interest-rate advisory focused exclusively on CRE 2) Bravo Capital, a leading HUD and bridge lender. 3) H Equities, your mid-market go-to on both sides of the capstack. Hit them up for bridge loans of up to $50M, or if you need a co-GP partner for that last 10-20% of equity. Partner Content: "Inside the Capstack" with Gibson Dunn's Kahlil Yearwood. Yearwood talks about harnessing AI's potential in loan negotiations. Up your CRE game: Consider becoming a premium subscriber to The Promote to unlock access to deep dives, bonus content and expert perspectives. Take 10% off annual subscriptions by using this link: For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple 🙏 For brand partnerships: Reach out to partnerships@thepromote.com Further Reading/Listening Cain to One Beverly Hills Buyers: Bankroll Our Build More AUM Gobbling ™ : EQT Takes Stockbridge Everett Stays in the Game…And Rise48 Does Too Meet the CRE Guy For the World’s Hungriest Investor Two Sigma Halts Real Estate Unit Fundraising and Cuts Staff Pencils Down at King St. Men With Deep Pockets The Sovereign, the Scion, and the Suit CoreWeave Woes Risk Shutting Down AI Junk Market CoreWeave’s Big Dream Crashes Into Reality as Yields Top 15% CoreWeave targets ‘unlimited’ insurance money to fund AI build-out
	Golden State Gimmes & Lument's Lament	14 Oct 2026	00:31:27
This week, we get into the potential homecoming of a big agency lender: Lument is on the block, and sources point to a round-trip to its original home, the billionaire Hunt family out of Texas. We then head further west to the golden state, where the welfare exemption, a spiritual cousin of the Traveling HFC has created a lucrative loophole for “affordable housing” players. It's a fabulous case study in gaming the system. Plus, our Punch List rundown of the newsiest industry happenings: GO REIT hiccups; Tishman Speyer at the Chrysler; DST fundraising up; David Martin; BDT & MSD x Sunrise sr. living. Sponsors: 1) Harvard AMDP, the premier advanced leadership program for mid-senior CRE pros. Applications for the Summer 2027 term are now open. 2) LoanBoss, the industry-leading debt management software, now supercharged by AI. 3) Bravo Capital, a leading HUD and bridge lender. Sign up for their upcoming HUD market-rate webinar here. NYC Live POD: Nov. 5, 2026 - by invitation only. Inquire about sponsorships here. Up your CRE game: Consider becoming a premium subscriber to The Promote to unlock access to deep dives, bonus content and expert perspectives. Take 10% off annual subscriptions by using this link: For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple 🙏 For brand partnerships: Reach out to partnerships@thepromote.com Further Reading/Listening Is Lument Coming Home? DUS License Frenzy: Fannie Wants to Wet its Beak Anatomy of a Deal: BSP-NewPoint How real estate investors are profiting off a California tax break for affordable housing The Traveling HFC Hangover The Mother of all Tax Loopholes The Promote Insider: Speyers Run it Back Terra-Led JV Lands $507M Construction Loan for South Beach Condo Before Pre-Sales
	Mana From Hedgie Heaven & Blue Owl Force Majeured	07 Oct 2026	00:36:10
This week, we need to dive into the real estate deal of the year – arguably, of any year: Ken Griffin is bringing Carnegie Mellon to Miami, a transformative gift for the 305 in so many ways. We focus primarily on 2 guys – Paul Darrah, who's responsible for making it happen for Griffin, and Moishe Mana, the idiosyncratic mogul who’s just pulled off the most spectacular assemblage exit in the history of that town. Next, we travel to another port city: Bain Capital is in talks to do a rescue recap of a Hong Kong development dynasty, New World. And finally, we consult the French dictionary as Force Majeure surfaces its ugly head in the capital-intensive world of data centers- Oracle is telling Blue Owl it doesn’t really feel like making rent. Plus, our Punch List rundown of the newsiest industry happenings: Interest rate volatility; Hines co-CEOs; Manhattan record office rent; GGP refi; the AI buildout equation. Sponsors: 1) H Equities, your mid-market go-to on both sides of the capstack. 2) Pensford, the only interest-rate advisory focused exclusively on CRE 3) Bravo Capital, a leading HUD and bridge lender. Sign up for their upcoming HUD market-rate webinar here. NYC Live POD: Nov. 5, 2026 - by invitation only. Inquire about sponsorships here. Up your CRE game: Consider becoming a premium subscriber to The Promote to unlock access to deep dives, bonus content and expert perspectives. Take 10% off annual subscriptions by using this link: For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple 🙏 For brand partnerships: Reach out to partnerships@thepromote.com
	Keep Calm and [No] Carry On	30 Sep 2026	00:37:09
This week, it’s time to address the unrealized elephant in the room that is the biggest pain point in institutional CRE: Carry, or more precisely the lack of it. Thousands of the smartest guys and girls in the business have spent the last few years preparing for an outcome that never came. Grappling with that reality is shaping everything from talent moves to firm restructurings. Plus, our Punch List rundown of the newsiest industry happenings: Floyd Mayweather v Jona Rechnitz; Barry Diller-MGM; Gary Barnett's $3.8B financing; LA office market; RIP Nanobanc. Sponsors: 1) LoanBoss, the industry-leading debt management software, now supercharged by AI. 2) Bravo Capital, a leading HUD and bridge lender. Join our upcoming HUD webinar on Oct. 14 here 3) H Equities, your mid-market go-to on both sides of the capstack. Hit them up for bridge loans of up to $50M, or if you need a co-GP partner for that last 10-20% of equity. Partner Content: "Inside the Capstack" with Gibson Dunn's Jennifer Yashar. Yashar talks through structuring leases on ground-up towers from a tenant's perspective. Up your CRE game: Consider becoming a premium subscriber to The Promote to unlock access to deep dives, bonus content and expert perspectives. Take 10% off annual subscriptions by using this link: For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple 🙏 For brand partnerships: Reach out to partnerships@thepromote.com Further Reading/Listening Confessions of a Battle-Scarred GP Paycheck Confidential: A GP Reveals Real Coin Key Blackstone Cub Leaving Lair Private Equity’s Path to Riches Is Getting Harder to Follow
	SF’s Advance Man: Cyrus Sanandaji On the Record	25 Sep 2026	00:22:49
In this bonus episode, we sit down with Presidio Bay’s Cyrus Sanandaji. Cyrus is at the vanguard of the comeback in America’s most important boom-and-bust town – San Francisco. His firm made prescient bets on SF’s recovery as the city began to emerge from the black hole of Covid, while also expanding a national development portfolio that today spans close to 6M square feet and is valued by the firm at $5.4B. We talk through doom loops and boom loops, capstack-sniping and how you cater to an AI industry defined by hypergrowth and extreme volatility. Sponsors: 1) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors. 2) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! 3) H Equities, your mid-market go-to on both sides of the capstack. Hit them up for bridge loans of up to $50M, or if you need a co-GP partner for that last 10-20% of equity. Up your CRE game: Consider becoming a premium subscriber to The Promote to unlock access to deep dives, bonus content and expert perspectives. Take 10% off annual subscriptions by using this link: For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple 🙏 For brand partnerships: Reach out to partnerships@thepromote.com Further reading Inside CXP's Bruising Restructuring The shadow landlords secretly controlling SF’s distressed office towers Inside the Hotel Heist of the Year
	Lurin's FBI Probe & the CapStack Snipers	23 Sep 2026	00:31:43
This week, we take stock of the tale of Lurin Capital, a multifamily syndicator that's now in the FBI's crosshairs. Jon Venetos was cut from very different cloth than the rest of the Sunbelt Dreamers, and his rise and fall are arguably even more cinematic. Next, it's a classic Manhattan tale of capstack sniping. With 245 Park ready to be graced by a $2 billion Refi, we look back at SL Green's Tranche Warfare with HNA at the Skyscraper, and what is already likely a monster payoff. Plus, our Punch List rundown of the newsiest CRE happenings: Benefit Street Partners Leadership Shakeup, 485x's perverse incentives, Pontegadea's latest acquisition, Jeff Greene-Fort Partners, CBRE-Tenet deal Sponsors: 1) Pensford, the only interest-rate advisory focused exclusively on CRE 2) Bravo Capital, a leading HUD and bridge lender. Check out their new SNF market ranking here. 3) H Equities, your mid-market go-to on both sides of the capstack. Hit them up for bridge loans of up to $50M, or if you need a co-GP partner for that last 10-20% of equity. Up your CRE game: Consider becoming a premium subscriber to The Promote to unlock access to deep dives, bonus content and expert perspectives. Take 10% off annual subscriptions by using this link: For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple 🙏 For brand partnerships: Reach out to partnerships@thepromote.com Further Reading/Listening Inside the SL Green Playbook Not Easy Being [SL] Green China’s HNA Found to Owe $185 Million Over Bankrupt Manhattan Skyscraper A hedge funder’s syndication mess
	The Last Tower & Blackstone's Lair Cake	16 Sep 2026	00:34:20
This week, we visit CRE’s alpha lair, Blackstone HQ, where one of the industry’s top execs, global head of real estate Nadeem Meghji, is set to exit. His perch was among the best risk-adjusted seats in all business, but what does someone in that position do for their next act? And why is there so much churn atop the pyramid at BX? Next, we take stock of the most scrutinized real estate project in modern American history, the World Trade Center complex. Twenty-five years after 9/11, Larry Silverstein's final tower is set to rise, and the neighborhood it will serve is dramatically different from the one that existed at the time of the attack. Plus, our Punch List rundown of the newsiest industry happenings: Barnett's $1.3B Torch financing; Steve Ross strikes big in Boca; MF1 sale; Centerspace merger; Kroenke's Angels play. Sponsors: 1) This episode is supported by Bravo Capital, a leading HUD and bridge lender. Check out their new SNF market ranking here. 2) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! 3) This episode is supported by H Equities, your mid-market go-to on both sides of the capstack. Hit them up for bridge loans of up to $50M, or if you need a co-GP partner for that last 10-20% of equity. Partner Content: "Inside the Capstack" with Gibson Dunn's Harry Silvera. Silvera talks through structuring the modern-day capital stack for a trophy office project. Up your CRE game: Consider becoming a premium subscriber to The Promote to unlock access to deep dives, bonus content and expert perspectives. Take 10% off annual subscriptions by using this link: For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple 🙏 For brand partnerships: Reach out to partnerships@thepromote.com Further Reading/Listening Power at Ground Zero: Politics, Money, and the Remaking of Lower Manhattan Larry’s White Whale: More Deets on 2 WTC Deal Lower Manhattan, 25 Years After 9/11 One Attack or Two? Jury to Get Trade Center Insurance Claim Key Blackstone Cub Leaving Lair UC Regents' Trophy Deal Tarnished At Blackstone’s $339 Billion Property Arm, the Honeymoon Is Over Stan Kroenke’s Angels Purchase Puts Angel Stadium Redevelopment Back in Play
	Evergrande Delusions & Chitty Chetrit Bang Bang	26 Aug 2026	00:37:44
This week, we dive into 2 operatic stories of ruin on different continents. We begin with the tale of Hui Ka Yan, a Chinese property tycoon who went from being a steelworker to one of the world’s richest men, before his firm Evergrande collapsed and sank the country’s real estate market with it. Hui has just been sentenced to life in prison. Then, we beam into a New York law firm boardroom, where one of CRE’s preeminent girthy lads, Meyer Chetrit, has given an extraordinary deposition as creditors pursue the Chetrit Group over hundreds of millions of dollars in personal guarantees. And finally, Blackstone’s finding the secular tailwinds in the marina business are strong enough to set sail. Sponsors: 1) This episode is supported by Bravo Capital, a leading HUD and bridge lender. Check out their new SNF market ranking here. 2) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! Partner Content: "Inside the Capstack" with Gibson Dunn's Eric Meer. Meer breaks down an emerging trend of GPs setting captive title insurance joint ventures. Up your CRE game: Consider becoming a premium subscriber to The Promote to unlock access to deep dives, bonus content and expert perspectives. Take 10% off annual subscriptions by using this link: For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple 🙏 For brand partnerships: Reach out to partnerships@thepromote.com Pod's on vacay: We're taking a fortnight off. Our next episode will drop 9/16. Arrivederci! Further Reading/Listening Heat on Chetrit The Big Bank Battle of Chetritstan Chetrits - Checkmated or playing possum? The man from Morocco Evergrande delisting marks end of era for China’s property sector Chinese authorities accuse Evergrande of inflating revenues by $80bn Limit-Up Hotel Kamikazes MarineMax to Be Taken Private by Blackstone-Owned Safe Harbor for $1.5 Billion Exotic Alts
	CW's Inside Man & Newmark's Weekend at Bernie's	19 Aug 2026	00:32:59
This week, we put on our toques and head to the TSX, where Meyer Orbach and Josh Gotlib are on a fascinating multifamily caper with their REIT GO Residential. We then take a back door into a special-servicer war, with Greystone accusing rival CWCapital of stealing its trade secrets to poach its business and talent. Finally, we head to a palatial, soon-to-be-empty office at 125 Park, where we take stock of the legacy of longtime Newmark CEO Barry Gosin – and what exactly a new leader will be coming into. Plus, our Punch List rundown of key industry happenings: BREIT's exit from self-storage, 800 Fifth Ave's financing hunt, Ishbia's UWM mess, Canary Wharf Sponsors: 1) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors. 2) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! Up your CRE game: Consider becoming a premium subscriber to The Promote to unlock access to deep dives, bonus content and expert perspectives. Take 10% off annual subscriptions by using this link: For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple 🙏 For brand partnerships: Reach out to partnerships@thepromote.com Further Reading/Listening GO’s Multifamily AUM Gobbling ™ Loonie Tunes: Orbach, Gotlib Head to TSX A Special Servicer Skirmish Newmark’s Data Center Talent Shuffle Ain’t No Party Like a Lutnick Party Top Brokers Leave Newmark After Suing Firm, Boss Howard Lutnick talks bank failures, Newmark’s competitors and more
	Man on Wire: Michael Stern On the Record	17 Aug 2026	00:28:20
In this bonus episode, we sit down with JDS Development Group boss Michael Stern, one of the builders synonymous with the luxury condo market in New York and more recently in Miami. Stern talks through home runs like Walker Tower in Chelsea, strikeouts (though he disagrees) like the Brooklyn Tower, and 11th-inning odysseys like the skinny Billionaires’ Row supertall 111 West 57th St. Outside of addressing specific litigation (there’s lots of it) and live deals, Michael got seriously candid about all the aspects of the development game that insiders care about, from lining up investors to construction intricacies to the risk-reward math. Plus, our favorite wildcard: how he turned journeyman architect Ralph Walker into a starchitect 💫 📕 . Sponsors: 1) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors. 2) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! Up your CRE game: Consider becoming a premium subscriber to The Promote to unlock access to deep dives, bonus content and expert perspectives. Take 10% off annual subscriptions by using this link: For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple 🙏 For brand partnerships: Reach out to partnerships@thepromote.com Further Reading/Listening The Promote: Stern Ambition Stern, Soffer Near Record JPM Financing in Brickell Michael Stern: the highs and lows of a New York skyscraper king Michael Stern’s projects flash signs of distress, but risk-taking developer has come back from crises and chaos before Ralph Walker: Architect of the Century Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World
	Only Mortals: The Reichmanns, Pt. III	12 Aug 2026	00:40:53
The final part of our special trilogy on the Reichmanns traces how the mother of all megaprojects became a siren song for Olympia & York. Everything that had brought them to these heights – the creative financing, the cinematic self-belief, the ability to convince others and themselves they could pull it all off – worked against them at London's Canary Wharf, and we talk through the aftermath of the collapse and the legacy they left behind. Featuring all-time characters like Kentucky hustler G. Ware Travelstead, Canadian pirate Robert Campeau and the Iron Lady herself, this is the climax of one of the most epic journeys in all business. Sponsors: 1) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors. 2) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! 3) This episode is supported by Real Property Captive, the first group captive insurance for mid-market owners. Check out their platform to tap into the same insurance framework used by the market’s biggest players and get dividends from unused premiums. Up your CRE game: Consider becoming a premium subscriber to The Promote to unlock access to deep dives, bonus content and expert perspectives. Take 10% off annual subscriptions by using this link: For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple 🙏 For brand partnerships: Reach out to partnerships@thepromote.com Further Reading/Listening Men of Destiny: The Reichmanns, Pt. I (Start Here) Apex Predators: The Reichmanns, Pt. II The Reichmanns: Family, Faith, Fortune, and the Empire of Olympia & York Towers of Debt: The Rise and Fall of the Reichmanns In Britain, A Struggle To Stay Afloat The Collapse of a Master Builder Margaret Thatcher's Speech Inaugurating Canary Wharf Secretive tycoon is key to unlocking gem of a deal Building for Eternity, R' Moshe Reichmann Biography
	Apex Predators: The Reichmanns, Pt. II	05 Aug 2026	00:42:00
Pt. II of our special episode on the Reichmanns takes us to the ultimate proving ground of Manhattan. We do a tick-tock of how Olympia & York pulled off the CRE deal of the century, buying 10 million square feet of prime office space for just $33 a square foot and beating up some of the city's blue bloods along the way. Then, they go even bigger: the development of the World Financial Center in Battery Park City is a showcase of all their talents – risk appetite, design, salesmanship, negotiating, creative leverage – coming together at scale. We also look at their legendary alliance with the Bronfman family and their adventures in corporate raiding. Sponsors: 1) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors. 2) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! 3) This episode is supported by Real Property Captive, the first group captive insurance for mid-market owners. Check out their platform to tap into the same insurance framework used by the market’s biggest players and get dividends from unused premiums. Up your CRE game: Consider becoming a premium subscriber to The Promote to unlock access to deep dives, bonus content and expert perspectives. Take 10% off annual subscriptions by using this link: For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple 🙏 For brand partnerships: Reach out to partnerships@thepromote.com Further Reading/Listening Men of Destiny: The Reichmanns, Pt. I (Start Here) The Reichmanns: Family, Faith, Fortune, and the Empire of Olympia & York Towers of Debt: The Rise and Fall of the Reichmanns Inside CRE’s Deal of the Century Canadian Company Becomes a Big City Landlord The Bronfmans' Leveraged Leviathan
	Men of Destiny: The Reichmanns, Pt. I	29 Jul 2026	00:37:50
This special episode dives deep into the story of the Reichmanns, an extraordinary family that probably contributed more to the financialization of CRE than anyone else. It’s a tale of survival, grit, chutzpah, genius (on many fronts), generosity, unchecked ambition, heart-stopping leverage, and eventually, ruin. We follow the family's incredible journey from the Orthodox synagogues of prewar Beled, Hungary to the international free zone of Tangier, to the North American base in Toronto, and eventually, the apex predator of Manhattan. We discuss the tragedies that shaped the Reichmanns and their approaches to both commerce and philanthropy, the deals that set up the juggernaut in Toronto, and the characters at the heart of one of the world's richest, most powerful, and most secretive clans. Sponsors: 1) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! 2) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors. 3) This episode is supported by Real Property Captive, the first group captive insurance for mid-market owners. Check out their platform to tap into the same insurance framework used by the market’s biggest players and get dividends from unused premiums. Up your CRE game: Consider becoming a premium subscriber to The Promote to unlock access to expert CRE content. Take 10% off annual subscriptions by using this link: For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple 🙏 For brand partnerships: Reach out to partnerships@thepromote.com Further Reading The Reichmanns: Family, Faith, Fortune, and the Empire of Olympia & York Towers of Debt: The Rise and Fall of the Reichmanns Zeckendorf: The autobiograpy of the man who played a real-life game of Monopoly Faith And Fortune Letters from Esther #14: What Death Can Teach Us About Life
	Stairway to Heaven & Parkmerced's Odyssey	22 Jul 2026	00:37:52
This week, it’s time for some California dreamin': We ascend Orange County’s Ziggurat, a stairway to heaven or SoCal’s biggest development clusterfuck, depending on your flavor. The hulking structure and the quest to sell it showcase government incompetence at its most extreme. We then head up to San Francisco, where a whirlwind of fascinating dealmaking has gone down at the city's largest rental complex, Parkmerced – New York-based Yellowstone has just taken over the development portion of the property, ending a long quest by Robert Rosania to hold on. Sponsors: 1) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors. 2) This episode is supported by Real Property Captive, the first group captive insurance for mid-market owners. Check out their platform to tap into the same insurance framework used by the market’s biggest players and get dividends from unused premiums. 3) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! Up your CRE game: Consider becoming a premium subscriber to The Promote to unlock access to expert CRE content. Take 10% off annual subscriptions by using this link:
	Mailbag: CRE Mt. Rushmore, Would You Rather & Wildest Tenant Stories	17 Jul 2026	00:26:21
In our second mailbag episode, co-host Will Krasne tackles your most unhinged CRE questions: self-managing vs. 3rd party, nightmare tenant interactions, his CRE Mt. Rushmore and many more. Sponsors: 1) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors. 2) This episode is supported by Real Property Captive, the first group captive insurance for mid-market owners. Check out their platform to tap into the same insurance framework used by the market’s biggest players and get dividends from unused premiums. 3) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! Up your CRE game: Consider becoming a premium subscriber to The Promote to unlock access to expert CRE content. Take 10% off annual subscriptions by using this link: https://www.thepromote.com/upgrade?offer_id=b700858f-21e0-47a2-9695-a93055d3ed15 Further Reading/Listening Showtime: Magic, Kareem, Riley, and the Los Angeles Lakers Dynasty of the 1980s Ross takes his talents to [West Palm] Beach Unto the Sons: King of Prussia Passes the Crown Gary Barnett: The Father of Billionaires' Row
	Skyscraper Triage & Data Center Power Struggle	15 Jul 2026	00:37:57
This week, we ride up a rickety construction elevator to the 21st floor of the Pfizer Building, where a major scare threatens to consume New York’s signature office-resi conversion project. We do a 360-degree analysis, from the bricks n’ sticks to the financials and the all-important narrative, looking at the stakes for developers Nathan Berman & David Werner, lender Madison Realty Capital and city & state stakeholders. Then, we check in on a battle of hearts and minds in Virginia, where Blackstone has walked away from a data-center megaproject. The behemoth and many of its peers are grappling with a growing national discontent that has to be putting some investment question marks on this emerging asset class. Plus, our Punch List rundown of the newsiest industry happenings: Airbnb's NYC buy; Norges' retail JV'; SF developers walk; Charles Cohen gets off the mat. Sponsors: 1) This episode is supported by Real Property Captive, the first group captive insurance for mid-market owners. Check out their platform to tap into the same insurance framework used by the market’s biggest players and get dividends from unused premiums. 2) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors. 3) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! Further Reading/Listening Aby & Sons Charles Cohen revives West Palm office project Dead mall back on market: Buyers walk away from distressed sale of San Francisco Centre In San Francisco’s hot-again office market, you need a glow-up to succeed Anatomy of a Buckle Pfizer’s Bitter Pill Apartments for Rent in a Former Office, but You Have to Live in Midtown Developer of Troubled Midtown High-Rise Had Tried to Avoid the Spotlight Blackstone’s QTS Abandons Massive Data Center in Virginia Brookfield Bets on AI at Scale Never Tested Before in $50 Billion Push Brookfield’s Compass Bails on Massive Virginia Data Center AI’s Unlikely Benefactor: Blackstone’s 77-Year-Old CEO Steve Schwarzman Jon and Mindy Gray Bet on AI Science Research to Prevent Cancer
	S2pocalypse Now & Pimco's Puppet Master	08 Jul 2026	00:37:02
This week, we wade into the underbelly of big-ticket restructuring, looking at Pimco’s $1.8B lifeline on its disastrous bet on the Columbia Property Trust office portfolio, and how the lenders that stepped in after the default have set themselves up for a massive payday. The whole journey is a valuable lens into the opportunities available deep in the nethers of the capstack. Next, we have to revisit the saga of S2 Capital's Scott Everett, the GP who’s now declared that his $400M multifamily fund is a total loss– we sensed this was coming, but it still hits. We dive into both the business and reputational aspects of the wipeout. Plus, our Punch List rundown of the newsiest industry happenings: RFR Realty succession; Sergey Brin's NYC rent-stabilized misadventure; Miami condo buyout aces; Kayne Anderson gobbled up. Sponsors: 1) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors. 2) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! Further Reading/Listening Aby & Sons Sergey Brin’s Steep Loss Highlights New York Landlords’ Pain Kayne Anderson’s New Chief Says Real Estate in ‘Supercycle’ as Unit Is Sold The Terminator of Miami Reset Basis FiDi Telenovela Set For Happy Ending S2’s Reit Reckoning Great Scott! S2 Wipes Out on $400M Fund
	Texas Chainsaw Massacre & The Man Who Knew	01 Jul 2026	00:37:46
This week, we take stock of the legacy of Alan Greenspan, the long-serving Fed Chair who has died at the ripe old age of 100. Greenspan’s moves, for better and for worse, shaped the CRE market as we know it today. Next, we visit the rapidly gentrifying swamp that is Gowanus, where Sam Charney is remaking the neighborhood with a little help from his friends. And finally, we dive back into one of The Promote’s pet topics – the fallout from the end of the Traveling HFC property-tax loophole in Texas. Plus, our Punch List rundown of the newsiest industry happenings: Charles Cohen v Fortress; BTR-killer bill; NYC freezes rent; World Cup takeaways. Sponsors: 1) This episode is supported by Real Property Captive, the first group captive insurance for mid-market owners. Check out their platform to tap into the same insurance framework used by the market’s biggest players and get dividends from unused premiums. 2) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors. 3) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! Further Reading/Listening Trump Cancels Plan To Sign Bipartisan Housing Bill, Demanding Voter ID Law Cohen's Fortress of Pain The Man Who Knew: The Life and Times of Alan Greenspan The Flying Walentases Brooklyn Billionaire: How One Man Made A Fortune Rebuilding Dumbo The Closing: Sam Charney Meet CRE Finance’s Most Eccentric Investor Gaffers of Gowanus The Traveling HFC Hangover
	Stern Ambition, Nuveen's Belly Flop & Private Credit's Gypsy King	17 Jun 2026	00:39:58
This week, we load up on chips n' vinegar and take you with us on an extraordinary journey into British caravan country. Embattled mobile-home king Robert Bull's tale brings together gypsies, Norwegian beauty queens and New York financiers – and yes, it is very much a CRE story. Next, we slip into Dolce & Gabbana and ride to the branded-condo epicenter of Miami, where JDS’ Michael Stern is prepping a rescue recap of his latest development – Stern is a first-draft pick for a real estate pirate, and we get into the backstory. And finally, a strong example of returns not mattering in institutional CRE – Nuveen has disclosed a string of meaty losses on its investing bets. Plus, our Punch List rundown of the newsiest industry happenings: a $1.3 billion arbitration award in an OC real estate dispute; Ken Griffin's empire-building; and Monty Bennett's pillaging of hotel REIT Braemar. Sponsors: 1) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors. 2) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! 3) This episode is supported by Real Property Captive, the first group captive insurance for mid-market owners. Check out their platform to tap into the same insurance framework used by the market’s biggest players and get dividends from unused premiums. Further Reading/Listening Michael Stern: the highs and lows of a New York skyscraper king The Closing: Michael Stern An Insider’s Guide to the Miami Branded Condo Game Soffer to the rescue? A Miami Kingpin's Epic Aventura Nuveen's Loss Factor Carl Icahn settles the Texaco/Getty Oil lawsuit The Bankrupting of a Mobile Home Billionaire
	Not Easy Being [SL] Green & TPG's Shelf Life	10 Jun 2026	00:38:41
This week, we dive into the high-stakes, high-reward (not for shareholders tho) world of SL Green, the mighty REIT that is New York’s largest commercial landlord. From a deal junkie standpoint, SL Green is king of the hill, but no matter what it does, it can’t seem to get Wall Street to love it. Next, we convert our dollars to lek and head to Albania, where Jared Kushner is trying to create the next St. Barths. And finally, we load up those 10-cent bags and go shopping - for grocery anchored retail with TPG and friends. Plus, our "Punch List" rundown of the newsiest industry happenings: Brookfield's DC shutdown; Amancio Ortega's CRE fixer; Bears move to Indiana; LA mayoral race; and Paul Massey folds. Sponsors: 1) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! 2) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors. And check out their must-read SNF primer here. 3) This episode is supported by Real Property Captive, the first group captive insurance for mid-market owners. Check out their platform to tap into the same insurance framework used by the market’s biggest players and get dividends from unused premiums. Further Reading/Listening Inside the SL Green Playbook Gold in Them Distressed Capstacks SL Green Raises More Than $1 Billion for New NYC Debt Fund Reset Basis Albania’s Rama Backs Kushner Resort as Land Ownership Probed TPG-Led Investor Group Acquires Grocery-Anchored Retail Leader ECHO Realty
	Hail Caesar, CoStar's M&A Mania & a ZOMbie Developer	03 Jun 2026	00:36:05
This week, we look at Texas billionaire Tilman Fertitta’s $18B megadeal for the Caesars entertainment empire - this is really an excuse for us to talk Tilman, one of the industries "C"haracters. Next, we dive into CoStar’s $800M acquisition of home-data firm Zonda – part of Andy Florance’s quest to control every piece of data in the real estate universe. And finally, it might be curtains for prominent multifamily developer ZOM Living, who we’re told is prepping a bankruptcy filing. Plus, our Punch List rundown of the newsiest industry news: NYC rips, S2's special servicing, Fisher Island fracas, Brookfield bombs again, and banks are back! Sponsors: 1) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors. And check out their must-read SNF primer here. 2) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! 3) This episode is supported by Real Property Captive, the first group captive insurance for mid-market owners. Check out their platform to tap into the same insurance framework used by the market’s biggest players and get dividends from unused premiums. Further Reading/Listening Big Fish- Tilman Fertitta An Interview With Tilman Fertitta on A Restaurant Empire During Covid Tilman Fertitta’s Years-Long Pursuit of Caesars Is Paying Off The Caesars Palace Coup: How A Billionaire Brawl Over the Famous Casino Exposed the Power and Greed of Wall Street CoStar to acquire homebuilding data giant Zonda for $800 million—why it matters Costar’s Crusade Activist Dan Loeb dusts off his poison pen ZOM Prepping Bankruptcy Filing After Legal Wallop
	Enemy at the Rates, Mayweather Gets KO'd & Newmark Nepomania	28 May 2026	00:39:36
This week, we talk fear and loathing in interest rates: The 10Y and 5Y are going haywire and threaten to knock CRE's recovery off-kilter. Next, we discuss nepo babies running the asylum at Newmark: Howie Lutnick’s son Kyle has decided it’s his time to shine. And finally, we have to revisit one of the strangest sagas we’ve discussed on here: Floyd Mayweather is now throwing haymakers at his former confidant Jona Rechnitz in an explosive $175M lawsuit. Plus, our Punch List rundown of the newsiest industry news: A syndicator wipeout, BTR back from the brink, CO Power 100, EQR-AVB mega-merger is official. Sponsors: 1) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors. And check out their must-read SNF primer here. 2) This episode is supported by Pensford, the only interest-rate advisory focused exclusively on CRE. With over 10,000 rate caps under its belt, Pensford is your go-to partner to navigate rates. 3) This week's Punch List is brought to you by Real Property Captive, the first group captive insurance for mid-market owners. Check out their platform at RPCaptive.com to tap into the same insurance framework used by the market’s biggest players and get dividends from unused premiums.
	CRE's Paypal Mafia: The JMB Realty Story	20 May 2026	00:35:53
In this special episode, we dive deep into the story of JMB Realty Corporation, one of the most influential firms in the modern history of CRE, with a playbook and an alumni network that continue to shape the industry today. You could argue that if JMB didn’t exist, real estate syndication would look very different today. M&A would look very different today. Hell, even the Heavenly Bed wouldn’t exist. From its humble beginnings as a glint in the eyes of Neil Bluhm, Judd Malkin and Robert Judelson, to its status as the powerhouse firm of the 80s and its legacy as the firm whose alum birthed Starwood, Blackstone Real Estate, Northwood and scores of other industry leaders, we explore it all. This is a must-listen both for industry vets and for up-and-comers looking to understand why the CRE industry looks the way it does today. Sponsors: 1) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors. And check out their must-read SNF primer here. 2) This episode is supported by Real Property Captive, the first group captive insurance for mid-market owners. Check out their platform to tap into the same insurance framework used by the market’s biggest players and get dividends from unused premiums. 3) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple. For brand partnerships: Reach out to partnerships@thepromote.com For podcast swag: Cop your CRE insider hats, hoodies, and pod swag at CRE's merch-ant bank. Up your CRE game: Consider becoming a premium subscriber to The Promote Insider to unlock access to expert CRE breakdowns, exclusive online events, behind-the-deal stories, scoops, discounted swag and more. Here's 10% off on annual subscriptions: https://www.thepromote.com/upgrade?offer_id=b700858f-21e0-47a2-9695-a93055d3ed15 Further reading/listening: How Deal of the Decade Undid Malkin and Bluhm A Split for JMB Founders; Bluhm Starts Own Deal Fund After Slide, Bluhm Is Blooming Again In Starwood Hotels, Barry Sternlicht reprises his greatest role JMB REALTY TO BUY CADILLAC FAIRVIEW A REALTY CONCERN WITH A BIG APPETITE
	S2's REIT Wipeout & A Lender's Extreme Show of Faith	13 May 2026	00:32:35
This week, we dive into Sunbelt multifamily kingpin’s Scott Everett's (S2 Capital) audacious attempt to save his distressed portfolio via a private REIT – an attempt coming apart in real time. It's an opportunity for us to discuss the Sunbelt ZIRP-fueled boom/bust, the broader syndicator reckoning and how figuring out how to survive is sometimes all you can do. It’s then time to talk fathers and sons – a long-stalled FiDi site at 8 Carlisle may finally see salvation after lender Maxim Capital kept the faith in developer Grubb Properties after a decade-long debacle by the Ohebshaloms. And then it’s time to unpack the real estate legacy of a G-reat man,just-passed media mogul Ted Turner. Plus, our Punch List rundown of the newsiest industry happenings: A sextortion plot against Fortress founder Wes Edens; Gary Barnett's latest assemblage; La Caisse and EB-5 investors taking a bath in Brooklyn; and Soloviev's $526M windfall at a Manhattan office trophy. Sponsors: 1) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors. And check out their must-read SNF primer here. 2) This episode is supported by Pensford, the only interest-rate advisory focused exclusively on CRE. With over 10,000 rate caps under its belt, Pensford is your go-to partner to navigate rates. 3) This week's Punch List is brought to you by Real Property Captive, the first group captive insurance for mid-market owners. Check out their platform at RPCaptive.com to tap into the same insurance framework used by the market’s biggest players and get dividends from unused premiums. For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple. For brand partnerships: Reach out to partnerships@thepromote.com For podcast swag: Cop your CRE insider hats, hoodies, and pod swag at CRE's merch-ant bank. Up your CRE game: Consider becoming a premium subscriber to The Promote Insider to unlock access to expert CRE breakdowns, exclusive online events, behind-the-deal stories, scoops, discounted swag and more. Here's 10% off on annual subscriptions: https://www.thepromote.com/upgrade?offer_id=b700858f-21e0-47a2-9695-a93055d3ed15 Further reading/listening: S2's REIT Reckoning S2 Capital targets $1B for multifamily private REIT The Alan Stalcup Interview Multifamily's Icarus: Alan Stalcup On the Record Fortress Co-Founder Allegedly Extorted by Sexual Partner FiDi Telenovela Set For Happy Ending Debt Fund Whac-A-Mole Ted Turner - Atlanta Magazine Profile Born to Be Wired - John Malone Memoir Talking Tycoons: Tom Cousins
	Mega-Marriage of Convenience and Miami’s Abuelagate	06 May 2026	00:35:09
This week, we discuss multifamily’s mega-marriage of convenience: After getting no love from the Street for being merely huge, multifamily REITs Equity Residential and AvalonBay are considering a merger. Will overuses the word “tectonic,” but it really does apply here, so we’re going to dive in as deep as we can. We then leave the public markets behind for a telenovela playing out at an old-school Miami real estate family: major developer Terra Group’s David Martin is being accused of playing the part of a Bollywood villain. This is the exact kinda story lineup we love here at The Promote - a lil’ meat, a lil’ masala. Plus, our Punch List rundown of the newsiest industry happenings: KKR's data-center play; Alan Stalcup's Starwood PGs; Newmark's earnings; Aby Rosen battles German lender at Soho hotel; Anthropic's NYC leasing tear. Sponsors: 1) This episode is supported by Pensford, the only interest-rate advisory focused exclusively on CRE. With over 10,000 rate caps under its belt, Pensford is your go-to partner to navigate rates. 2) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors. And check out their must-read SNF primer here. 3) This episode is supported by Cohorts, your go-to peer group of GPs going through the same challenges as you. Check them out at joincohorts.com 4) This week's Punch List is brought to you by DealNav, a map-first CRM and deal-tracking tool built by acquisition fiends for acquisition fiends. Our listeners get 50% off their first year by going to deal-nav.com and using code “ThePromote” at checkout. For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple. For brand partnerships: Reach out to partnerships@thepromote.com Up your CRE game: Consider becoming a premium subscriber to The Promote Insider to unlock access to expert CRE breakdowns, exclusive online events, behind-the-deal stories, scoops, discounted swag and more. Here's 10% off on annual subscriptions: https://www.thepromote.com/upgrade?offer_id=b700858f-21e0-47a2-9695-a93055d3ed15 Swag store is live! Cop your CRE insider hats, hoodies, and pod swag at CRE's merch-ant bank. Further reading/listening: Multi’s Marriage of Convenience Am I Being Too Subtle?: Straight Talk From a Business Rebel The Eccentric Genius of Trammell Crow Multifamily on Hard Mode Trammell Crow, Master Builder: The Story of America's Largest Real Estate Empire Inside the Meruelo family schism Sol Asylum
	Aman’s Dirty Laundry & Atlanta’s Phantom Megaproject	29 Apr 2026	00:36:41
This week, we have the this-is-too-weird-to-be-real tale of Forge Atlanta, a $3.8 billion megaproject with the most bizarro development team and history we’ve ever come across for a project of this scale. We know ground-up is smoke and mirrors even on a good day, but this is NEXT LEVEL. We then slip into linen trousers and head to the embattled sun-kissed shores of hospitality giant Aman, where the involvement of a mysterious international fugitive has caused all sorts of drama between Aman and key partners Cain International and PIF. And finally, a quick wardrobe change into earnings-call appropriate attire, as CBRE absolutely crushes the AI boom. Sponsors: 1) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! Check them out at loanboss.com 2) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors by visiting bravocapital.com 3) This week's Punch List is brought to you by Real Property Captive, the first group captive insurance for mid-market owners. Check out their platform at RPCaptive.com to tap into the same insurance framework used by the market’s biggest players. For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple. For brand partnerships: Reach out to partnerships@thepromote.com Up your CRE game: Consider becoming a premium subscriber to The Promote Insider to unlock access to expert CRE breakdowns, exclusive online events, behind-the-deal stories, scoops, discounted swag and more. Here's 10% off on annual subscriptions: https://www.thepromote.com/upgrade?offer_id=b700858f-21e0-47a2-9695-a93055d3ed15 Further reading/listening: Mysterious Developer Is Pushing Billions In Georgia Megaprojects Developer Defaults On Mortgage For Planned $3.8B Atlanta Megaproject Webstar Seeks Tax Break For $750M Forge Atlanta Development The Aman Infiltration: How a Global Money Laundering Kingpin Tainted a $3 Billion Hotel Brand The Aman Connection: How a Transnational Fugitive Became a Pillar of Dubai’s Most Elite Address Cain International Invests in Aman Group to Support Global Expansion Strategy Pod: Behind the Deal - One Beverly Hills Cain and Able Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World Meta partners with CBRE to train data center technicians CBRE Profit Jumps 95%, Fueled By Data Centers High Rise: How 1,000 Men and Women Worked Around the Clock for Five Years and Lost $200 Million Building a Skyscraper
	The Frum Fraudfather & Pied à Terre Purgatory	22 Apr 2026	00:38:41
This week, we finally tackle the story of Mark Nussbaum – the real estate attorney who became the nexus of the underground Orthodox CRE dealmaking world, facilitating hundreds of millions of dollars in deals and "show capital" before it all collapsed spectacularly in a wave of lawsuits, criminal fraud allegations, and even the suicide of a close collaborator, Mendy Steiner. Nussbaum's tale is a lens into the gray economy of the frum, where huge deals are often done on a handshake and under the aegis of a close-knit community. We also explore New York's new push for a pied-a-terre tax, which has serious momentum with Mayor Zohran Mamdani and Gov. Kathy Hochul in lockstep. Finally, we look at how Dubai billionaire developer Hussain Sajwani's luxury condo at the site of the Surfside tragedy has yet to sell a single unit – a new development launch is like an IPO - you only get one shot at setting the narrative. Plus, our Punch List rundown of the newsiest industry happenings: SREIT's $1.7B refi, SL Green's Hyundai Tribeca rescue, more Stargate troubles and Ares' C-PACE bet. Sponsors: 1) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors by visiting bravocapital.com 2) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! Check them out at loanboss.com For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple. To advertise: Reach out to partnerships@thepromote.com Up your CRE game: Consider becoming a premium subscriber to The Promote Insider to unlock access to expert CRE breakdowns, exclusive online events, behind-the-deal stories, scoops, discounted swag and more. Here's 10% off on annual subscriptions: https://www.thepromote.com/upgrade?offer_id=b700858f-21e0-47a2-9695-a93055d3ed15 Further reading/listening: The Nussbaum-Steiner Escrow Trail Dealmacher Nussbaum Charged W/ Grand Larceny Hush Money Nussbaum's Firms File Ch. 11 (Ephraim) Diamond in the Rough The Pied-à-Terre Tax Has Failed Before. Could This Year Be Different? Tax The Rich: A Brief New York History Habibi Come to Dubai Miami ‘Donald of Dubai’: real estate mogul rubbing shoulders with Trump Tupac vs Biggie, CRE Edition zArjHivBrm11JMbA3M3J f434hzO95GHzDxr0iwTG
	Multifamily's Icarus: Alan Stalcup On the Record	15 Apr 2026	00:34:26
"Property management companies made my spreadsheets lie." "We're gonna move the pref to a 17. Okay, okay, Tom. You're fucking me right now. You know that, right?" This week, we break protocol to bring you a no-holds-barred interview with the poster child of the Sunbelt syndicator boom/bust, Alan Stalcup of GVA Management. Fueled by OPM, ZIRP, and an insatiable appetite for deals, Stalcup rode to the very top of the multifamily mountaintop, amassing 30,000 units in an acquisition spree for the ages. When rates turned, however, his firm became one of the highest-profile casualties, setting off a wave of defaults, investor & lender lawsuits, and explosive allegations of fraud. In this unplugged conversation with The Promote, Stalcup talks through his rise – how a software salesman became one of the biggest landlords in the country through savvy fundraising, rapid acquisitions and fast exits – his butting heads with the likes of Fortress Investment Group and his lenders, and the aftermath of GVA's collapse. We talk through property management, syndicator raises and what happens when you become Patient Zero of a much broader reckoning. Sponsors: 1) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! Check them out at loanboss.com 2) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors by visiting bravocapital.com For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple. To advertise: Reach out to partnerships@thepromote.com Up your CRE game: Consider becoming a premium subscriber to The Promote Insider to unlock access to expert CRE breakdowns, exclusive online events, behind-the-deal stories, scoops, discounted swag and more. Take 10% off annual subscriptions by using this link: https://www.thepromote.com/upgrade?offer_id=b700858f-21e0-47a2-9695-a93055d3ed15 Further reading/listening: The Alan Stalcup Interview Apartment Landlords Bleeding Cash Imperil $47 Billion of Loans Real Estate Investors Are Wiped Out in Bets Fueled by Wall Street Loans Austin real estate owner under federal investigation as lawsuits allege $100M fraud GVA and Alan Stalcup “cooking the books,” lawsuit alleges
	Mass Alt-luence & There's Something About Rabsky	08 Apr 2026	00:37:49
This week, we chop it up on how God is Smiling Upon Alts: The federal govt has put forward much-anticipated regulation that creates a smorgasbord of investment options for retirees – with major implications for CRE. Next, we discuss how Manhattan office has broken the $300 a foot barrier – twice in a month! And finally, we bust out our Marley Slims and head to Brooklyn, where Orthodox dealmaker Simon Dushinsky's unorthodox playbook at the Rabsky Group is dominating the development landscape. Plus, our "Punch List" rundown of the newsiest industry happenings: New York real estate succession with Andrew Chung coming in to lead Extell; the Q of federal govt. usage of its real estate footprint; DHS' in-limbo $38B warehouse purchase plan; and RXR's recap of a prominent office-resi project. Sponsors: 1) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors by visiting bravocapital.com 2) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! Check them out at loanboss.com To advertise: Reach out to partnerships@thepromote.com For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple. Up your CRE game: Consider becoming a premium subscriber to The Promote Insider to unlock access to expert CRE breakdowns, exclusive online events, behind-the-deal stories, scoops, discounted swag and more. Take 10% off annual subscriptions by using this link: https://www.thepromote.com/upgrade?offer_id=b700858f-21e0-47a2-9695-a93055d3ed15 Further reading/listening: Dept. of Labor proposes landmark rule to democratize access to alternative investments in 401(k) plans Jon Gray Is Reshaping Blackstone Into Everybody's Investing Megastore Not-So-Private Equity’s Retail Push Irks Traditional Clients Single-Malt Buildings Record-Breaking Lease at Soloviev Group's 9 West 57th Street The Rabsky Riddle
	From BSDs to DSTs & a Lakewood Lad's SNF Summit	01 Apr 2026	00:37:55
This week, we talk some takeaways from institutional real estate’s March Madness, the PREA conference – we’ve got the latest on what the industry's biggest allocators & fund managers are thinking about. Then, we SNF around that quirky asset class’ latest megadeal - Chuny Herzka’s $1.7B acquisition of the Centers healthcare portfolio. And finally, the changing of the guard at Camden Property Trust and BGO's takeover of Bell Partners are great excuses to discuss 2 of our favorite themes – AUM Gobbling & the private-leaning shift in the capital markets. Plus, our "Punch List" rundown of the newsiest industry happenings: Apollo HQ2; tenants pouncing on distressed buildings dies; and the Dubai real estate scene. Sponsors: 1) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! Check them out at loanboss.com 2) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors by visiting bravocapital.com To advertise: Reach out to partnerships@thepromote.com For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple. Up your CRE game: Consider becoming a premium subscriber to The Promote Insider to unlock access to expert CRE breakdowns, behind-the-deal stories, scoops, discounted swag and events and more. Take 10% off annual subscriptions by using this link: https://www.thepromote.com/upgrade?offer_id=b700858f-21e0-47a2-9695-a93055d3ed15 Further reading/listening: Ethan Penner on the changing nature of the CRE capital markets Hiten on Bloomberg's Odd Lots podcast chatting about Dubai real estate and the GCC allocator Q The New Distress Play: Buy Your Own Building Apollo Teases HQ 2 Meet the AUM Gobblers Podcast: Sixth Street's AUM Gobbling Nursing Home Power Roster Podcast: SNFing out Megadeals Podcast: Talking Tycoons: Tom Cousins
	Reubens on Rye and Apollo's Divine NNNtervention	25 Mar 2026	00:35:24
This week, we dive into the life & times of two quintessential Men with Deep Pockets: Billionaire British Brothers David & Simon Reuben have become some of the most aggressive buyers of trophy hotel and retail assets across the country – many of them in various states of undress & distress. We then look at Apollo’s new NNN partnership with Realty Income - an alliance that says much about how both AUM Gobblers and vanilla REITs are saying they’ve got what the other needs. And finally, failed mega-retailer JCPenney is now the scene of a bruising battle with a jilted would-be buyer. Plus, our "Punch List" rundown of the newsiest industry happenings: retail titan David Simon dies; Fannie & Freddie stocks freefall; Iran conflict raises questions about the Middle East's biggest CRE allocators. Sponsors: 1) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! Check them out at loanboss.com 2) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors by visiting bravocapital.com To advertise: Reach out to partnerships@thepromote.com For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple. Up your CRE game: Consider becoming a premium subscriber to The Promote Insider to unlock access to expert CRE breakdowns, behind-the-deal stories, scoops, discounted swag and events and more. Take 10% off annual subscriptions by using this link: https://www.thepromote.com/upgrade?offer_id=b700858f-21e0-47a2-9695-a93055d3ed15 Further reading/listening: You May Never See Us Again: The Barclay Dynasty: The Reuben Brothers’ self-described “black sheep” steps up Pack up your roubles ... Inside Reuben Brothers’ NYC shopping spree Apollo To Invest $1B In 500 Realty Income Single-Tenant Properties Private Credit’s Manifest Destiny From Investment to Savings: When Finance Feeds on Itself Bill Ackman Solved the Wrong Problem Gary Barnett: The Father of Billionaires' Row
	Savills Gobbles Eastdil & Ray Washburne's Second Helpings	18 Mar 2026	00:37:41
This week, we dive deep into the M&A deal that's all anyone in institutional CRE can talk about. Savills – yes Savills! – is buying Eastdil Secured for $1.1B. That gives the Brits some serious capital-markets firepower stateside, but the devil lies in the details of the golden handcuffs. Next, we strap on our Lucchese boots and head to Dallas, where legendary dealmaker Ray Washburne has grand plans for a convention center. We discuss his HoF deal for Highland Park Village and how he's part of a dying breed of CRE cowboy we’re obsessed with. Plus, our "Punch List" rundown of the newsiest industry happenings: JPM marking down private-credit portfolios; BTR neutering bill passes Senate; chaos at US Attorney's office hampers mortgage-fraud investigations; and Ben Ashkenazy's big LA deal. Sponsors: 1) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors by visiting bravocapital.com 2) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! Check them out at loanboss.com To advertise: Reach out to partnerships@thepromote.com For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple. Up your CRE game: Consider becoming a premium subscriber to The Promote Insider to unlock access to expert CRE breakdowns, behind-the-deal stories, scoops, discounted swag and events and more. Take 10% off annual subscriptions by using this link: https://www.thepromote.com/upgrade?offer_id=b700858f-21e0-47a2-9695-a93055d3ed15 Further reading/listening: The Savills-Eastdil Postgame Paper Chasers on Top Roy March Leading Voices Interview The Liar's Ball King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone The New Emperor of Highland Park Village Ray Washburne on the Highland Park Deal
	Wartime Allocators & Rialto's Double Agent	11 Mar 2026	00:36:01
This week, we have no choice but to tackle the topic of war. The conflict with Iran continues to roil markets and CRE's biggest allocators are in sixes and sevens. Fewer young people are going to college, which puts a big question mark on what's historically been one of the biggest drivers of real estate activity. And finally, with special servicers like Rialto continuing to play an outsized role in the market, some of their more exotic strategies are coming under a pretty harsh spotlight. Sponsors: 1) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! Check them out at loanboss.com 2) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors by visiting bravocapital.com To advertise: Reach out to partnerships@thepromote.com For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple. Up your CRE game: Consider becoming a premium subscriber to The Promote Insider to unlock access to expert CRE breakdowns, behind-the-deal stories, scoops, discounted swag and events and more. Take 10% off annual subscriptions by using this link: https://www.thepromote.com/upgrade?offer_id=b700858f-21e0-47a2-9695-a93055d3ed15 Further reading/listening: Real Estate Lobby Sounds Alarm Over Forced Sale Provision In Housing Bill What’s in the 21st Century ROAD to Housing Act? Games Lenders Play How Jeffrey Epstein secretly backed star-studded NoMad condo project
	Larry's White Whale & Jamestown Puckers Up	04 Mar 2026	00:36:08
In Ep. 50 (!), we trace Larry Silverstein's odyssey with the World Trade Center redevelopment, analyzing the new blockbuster Amex deal and the insurance, legal and financing battles that the developer has fought since 9/11. Next, we jump on our Zambonis and check out Jamestown’s push for a hockey team in Atlanta. And finally, Blackstone has a data center offering that it wants to share with the universe - of retail investors, that is. We also do a "Punch List" rundown of the newsiest industry happenings: CRE players' outsized roles in the Iran attacks; Hudson Pacific's billion-dollar losing streak; the Mamdani-Trump Sunnyside Yards bromance; and the Korein family going to the mat with Steve Roth's Vornado. Sponsors: 1) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors by visiting bravocapital.com And download their new SNF snapshot at https://bravocapital.com/the-silver-wave/ 2) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! Check them out at loanboss.com To advertise: Reach out to partnerships@thepromote.com For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple. Up your CRE game: Consider becoming a premium subscriber to The Promote Insider to unlock access to expert CRE breakdowns, behind-the-deal stories, scoops, discounted swag and events and more. Take 10% off annual subscriptions by using this link: https://www.thepromote.com/upgrade?offer_id=b700858f-21e0-47a2-9695-a93055d3ed15 Further reading/listening: Power at Ground Zero: Politics, Money, and the Remaking of Lower Manhattan More Deets on 2 WTC Deal Jamestown Joins Bid To Lure NHL Team To North Point Mall Stadium Arcadium Blue Owl Bytes the Dust Jon Gray Is Reshaping Blackstone Into Everybody's Investing Megastore
	Times Square Trainwreck, Royal Renters and Blue Owl Bytes the Dust	25 Feb 2026	00:39:57
This week, we look at the tragicomedy that is TSX Broadway, the Maefield/L&L/Fortress Times Square megadevelopment that came undone and left hundreds of foreign investors in the lurch. We discuss how complex ground-up projects can lay waste to capital stacks, and what can happen between partners under pressure. We then look at the latest alarm bells ringing in the high-octane world of data center development – Blue Owl is staring down a multibillion-dollar void, and OpenAI’s marquee Stargate project has had major challenges powering up. Finally, we explore the rise of the rich renter – a trend that’s reshaping the multifamily – and condo markets. We also do a "Punch List" rundown of the newsiest industry happenings: Shvo selling Transamerica Pyramid in SF; the Kushner battle over Veris Residential; Witkoff's Roosevelt Hotel cameo; ICE's $38B warehouse shopping spree; and Stonepeak's marina moves. Sponsors: 1) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! Check them out at loanboss.com 2) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors by visiting bravocapital.com And download their new SNF snapshot at https://bravocapital.com/the-silver-wave/ To advertise: Reach out to partnerships@thepromote.com For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple. Up your CRE game: Consider becoming a premium subscriber to The Promote Insider to unlock access to expert CRE breakdowns, behind-the-deal stories, scoops, discounted swag and events and more. Take 10% off annual subscriptions by using this link: https://www.thepromote.com/upgrade?offer_id=b700858f-21e0-47a2-9695-a93055d3ed15 Further reading/listening: Tragicomedy in Times Square Lawsuit claims Fortress, L&L owe USIF $890M Steve Witkoff’s Nine Lives Blue Owl shopped debt for a CoreWeave data center. Lenders weren't sold. Inside OpenAI’s Scramble to Get Computing Power After Stargate Stalled Meet the AUM Gobblers
	Limit-Up Hotel Kamikazes & AI's Brokerage Rout	18 Feb 2026	00:35:01
This week, we dive deep into the story of Anbang Insurance, the Chinese insurer that went on an epic US trophy real estate buying spree, but flew too close to the sun. We trace the origins of Anbang's founder Wu Xiaohui, his multibillion-dollar acquisition of top US hotels include NYC's Waldorf-Astoria, and Anbang's eventual collapse and government takeover. We then talk about a rare RICO case against a notorious DC landlord, Ali "Sam" Razjooyan, and how such extreme incidents can shape landlord-tenant policy. Finally, we look at why the big CRE brokerages are seeing their stocks getting hammered by the AI question. We also do a "Punch List" rundown of the newsiest industry happenings: Sumitomo Forestry's Tri-Pointe take-private; Nuveen buying Schroeder's; Kimco's unwanted assets; Fannie looking to wet its beak on license sales; and Adam Neumann invoking the wrath of his Miami neighbors. Sponsors: 1) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors by visiting bravocapital.com 2) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! Check them out at loanboss.com To advertise: Reach out to partnerships@thepromote.com For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple. Up your CRE game: Consider becoming a premium subscriber to The Promote Insider to unlock access to expert CRE breakdowns, behind-the-deal stories, scoops, discounted swag and events and more. Take 10% off annual subscriptions by using this link: https://www.thepromote.com/upgrade?offer_id=b700858f-21e0-47a2-9695-a93055d3ed15 Further reading/listening: Chinese Shop Trophy Hotels After Decade of Pain Rise of Wu Xiaohui, Anbang’s low-profile, high-octane chairman The Waldorf’s Makeover Went a Billion Over Budget—and China Is Footing the Bill D.C. Attorney General Targets D.C. Slumlord With RICO Lawsuit How “Landlord” Became a Bad Word AI Scare Trade Wipes Out Billions From Commercial Real Estate Stocks
	House of Brookfield, Wholesale Shopping and a Condo Buyout Coup	11 Feb 2026	00:37:38
This week, we discuss the House of Brookfield’s new overlord: Connor Teskey has a modest target – double AUM to $2 trillion. We talk about the labyrinth that is Brookfield’s corporate structure – Bruce Flatt's not going away – and what CRE’s role in the ramp-up will be. We then look at the flurry of REIT take-privates, from Peakstone to Plymouth. And finally, we slip into resort casual and discuss a princely condo buyout payoff in West Palm Beach – the goat Steve Ross makes an appearance. We also do a "Punch List" rundown of the newsiest industry happenings: Michael Shvo's bitter breakup with German pension fund BVK; Blackstone & DivcoWest's SF triumph; and tranche warfare in the mall space. Sponsors: 1) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! Check them out at loanboss.com 2) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors by visiting bravocapital.com To advertise: Reach out to partnerships@thepromote.com For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple. Up your CRE game: Consider becoming a premium subscriber to The Promote Insider to unlock access to expert CRE breakdowns, behind-the-deal stories, scoops, discounted swag and events and more. Take 10% off annual subscriptions by using this link: https://www.thepromote.com/upgrade?offer_id=b700858f-21e0-47a2-9695-a93055d3ed15 Further reading/listening: Shvo Becomes Wurst Investment Top-Rated Bonds Hit Hard After Distressed Fund Seizes One of America’s Largest Malls Anthropic to take over an entire office building in downtown S.F. Brookfield revamps unusual ownership structure Book recc: The Reichmanns: Family, Faith, Fortune, and the Empire of Olympia & York Brookfield Lines Up a 36-Year-Old Rising Star as Next Billionaire CEO Jon Gray Is Reshaping Blackstone Into Everybody's Investing Megastore Brookfield Puts Up $173M To Refinance Brookfield Place Tower Blackstone eyes more REIT privatizations amid "lagging" public markets Inside Steve Ross’ buyout of a West Palm Beach waterfront condo Podcast: Ross takes his talents to [West Palm] Beach
	Apollo's Sister Act, ICE Age & the Doomed Tower of Power	04 Feb 2026	00:30:09
This week, we discuss how the Chrysler Building has laid waste to the best-laid plans of so many global titans. With Tishman Speyer reportedly coming back for another go at the Art Deco icon, we trace its rich and rollicking deal history, from Jack Kent Cooke to Abu Dhabi. We then discuss how the ICE immigration crackdown is putting another big question mark on the Sunbelt multifamily market and leaving landlords in limbo. And finally, we discuss Apollo's sister act: REIT ARI is selling its $9B loan book to insurance arm Athene, and patting itself on the back for doing so. We also do a "Pardon the Interruption" style rundown of the biggest industry happenings: Carlyle's NYC self-storage mammoth sale to StorageMart; Brookfield's misplaced OZ fund; Fed chair nominee Kevin Warsh; and Donald Bren's Chicago tower listing. Sponsors: 1) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors by visiting bravocapital.com 2) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! Check them out at loanboss.com To advertise: Reach out to partnerships@thepromote.com For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple. Up your CRE game: Consider becoming a premium subscriber to The Promote to unlock access to expert CRE breakdowns, behind-the-deal stories, scoops, discounted swag and events and more. Take 10% off annual subscriptions by using this link: https://www.thepromote.com/upgrade?offer_id=b700858f-21e0-47a2-9695-a93055d3ed15 Further reading/listening: The Chrysler Building: Doomed Art Deco tower of global power How tycoon behind Chrysler Building and Selfridges was forced out Curtains for Aby at Chrysler Immigration Crackdown Creating 'Havoc' For Some Apartment Owners Me, Myself & Apollo From Investment to Savings: When Finance Feeds on Itself
	A Condo Kingpin’s Next Act and Proptech Falls off the Wall	28 Jan 2026	00:34:44
This week, we discuss second acts: Ziel Feldman has left the scandal-ridden past of his glitzy New York condo development firm HFZ Capital Group behind, and he's reinvented himself as an affordable housing player through his silent partnership in GoodHomes. We trace the wild arc of his career and his far more below-the-radar new game. Proptech's loudest voice and most prolific fundraiser Fifth Wall is now yelling into the fundraising void; we talk about how the firm's issues are emblematic of the broader sector. We also do a "Pardon the Interruption" style rundown of the biggest industry happenings: S2's REIT hiccups, Charles Cohen's latest foreclosure, Willis Tower woes, and Michael Shvo's media mastery. Sponsors: 1) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! Check them out at loanboss.com 2) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors by visiting bravocapital.com To advertise: Reach out to partnerships@thepromote.com For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple. Up your CRE game: Consider becoming a premium subscriber to The Promote to unlock access to expert CRE content. Take 10% off annual subscriptions by using this link: https://www.thepromote.com/upgrade?offer_id=b700858f-21e0-47a2-9695-a93055d3ed15 Further reading/listening: Ziel Feldman's Next Act S2 REIT Makes Capital Call The Ugliest Divorce in Manhattan Real Estate How HFZ became the face of Manhattan’s condo woes Fifth Wall cuts staff, pauses fundraising Fifth Wall’s Brendan Wallace On What’s Next After Closing $866M Proptech Fund Proptech graveyard 🪦/infirmary 🤒: Running list Shvo Business
	SNFing out Megadeals and Syndicator Patient Zero	21 Jan 2026	00:34:32
This week, we discuss a redemption tour by GVA’s Alan Stalcup, Patient Zero of the Sunbelt multifamily boom/bust. He’s battling PGs, LPs and maybe even the SEC, but Stalcup is unapologetic. He sat down with Hiten for a pretty unplugged conversation, and we chat through our key takeaways. We then dive into the 24-6 world of dealmaking in Skilled Nursing Facilities, a totally undercovered corner of CRE with big numbers and some batshit maneuvering. The Genesis bankruptcy case is all anyone in that world can talk about right now. We also do a "Pardon the Interruption" style rundown of the biggest industry happenings: Soho House Take II, Marty Burger's redo, Summit's Pinnacle deal going through, and a nightmare condo buyout scenario in Miami. Sponsors: 1) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors by visiting bravocapital.com 2) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! Check them out at loanboss.com To advertise: Reach out to partnerships@thepromote.com For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple. Up your CRE game: Consider becoming a premium subscriber to The Promote to unlock access to expert CRE content. Take 10% off annual subscriptions by using this link: https://www.thepromote.com/upgrade?offer_id=b700858f-21e0-47a2-9695-a93055d3ed15 Further reading/listening: The Alan Stalcup Interview: Speaking With Patient Zero of the Sunbelt Syndicator Bust The Nursing Home Power Roster Landau Fails SNF Test Genie Rubbed the Right Way Dial Tress for Distress
	Pinnacle's Bankruptcy Summit & Life Sci's Midlife Crisis	14 Jan 2026	00:31:18
This week, we’re talking a glitch in the Morse code: MCR has failed to come up with the cash to consummate the take-private of Soho House, setting off a mad scramble. There’s more bad chemistry in the life-sciences space, with the venerable Beacon Capital Partners battling its operating partner and lenders in the space losing patience. And finally, we dive into the most closely-watched CRE bankruptcy auction in the country: The Pinnacle rent-stabilized portfolio in New York. Sponsors: 1) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! Check them out at loanboss.com 2) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors by visiting bravocapital.com To advertise: Reach out to partnerships@thepromote.com For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple. Up your CRE game: Consider becoming a premium subscriber to The Promote to unlock access to expert CRE content. Take 10% off annual subscriptions by using this link: https://www.thepromote.com/upgrade?offer_id=b700858f-21e0-47a2-9695-a93055d3ed15 Further reading/listening: Taconic's Lab Leak Soho House’s $2.7 Billion Deal to Go Private Hits a Last-Minute Funding Snag Deathbed for life science incubator? Portal Innovations sues partner Beacon Capital Zohar Levy, the Man who Would be King Bidder For Pinnacle's 5,000-Unit Portfolio Has Ties To CEO Joel Wiener's Brother
	Windy City Tailwinds & Stadium Arcadium	07 Jan 2026	00:27:54
This week, we talk Chicago – America’s Second City is now becoming top of mind for national multifamily players. We break down 2 significant deals: LaTerra’s monster AIMCO portfolio buy and S2’s debut. We then slip into our jerseys and look at the arcane world of stadium development – and all the freebies and surrounding action that comes with it. Finally, we schlep the streets of Brooklyn, where Carlyle & Greenbrook have pulled off a massive Freddie refi of their walk-up empire. Sponsor: This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves! Check them out at loanboss.com To advertise: Reach out to partnerships@thepromote.com For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple. Up your CRE game: Consider becoming a premium subscriber to The Promote to unlock access to expert CRE content. Take 10% off annual subscriptions by using this link: https://www.thepromote.com/upgrade?offer_id=b700858f-21e0-47a2-9695-a93055d3ed15 Further reading/listening: Deconstructing Data Center Megadeals with DigitalBridge's Marc Ganzi (DB is being acquired by SoftBank) Carlyle Takes the Stairs Aimco to sell Chicago-area multifamily portfolio for $455 million as REIT liquidates Chiefs Get Largest Public Funding Package Ever For New Stadium In Kansas Freddie Walks Carlyle/Greenbrook Home Chicago leads the nation in apartment rent growth amid tight supply
	The Mayweather Whisperer: Jona Rechnitz (Rerun)	31 Dec 2025	00:34:01
We're technically off this week. BUT, Business Insider dropped a banger of a read on Floyd Mayweather's tangled financial web, and somewhere at the center of that web is a character of great interest to The Promote Cinematic Universe: Jona Rechnitz was a New York real estate developer who was caught up in a massive NYPD corruption scandal before heading to LA and reinventing himself as a diamond dealer and Mayweather whisperer. Rechnitz is the archetype of a netherworld character who somehow keeps popping up in real estate: the hustler with the incredible Rolodex and fuzzy origin story, someone who manages to whip up controversy wherever he goes but keeps escaping any real consequences. In May, we dove deep into his fascinating story, and we're re-upping that episode here. In the episode, we also take a look at "structural corruption" in the development of supertalls, focused on a dispute at 432 Park Avenue. NOTE: This is a re-run of an episode that originally aired on 5/14/2025 Episode sponsor: AirGarage – find out more about their full-service parking management solution at Airgarage.com To advertise: Reach out to partnerships@thepromote.com For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple. Up your CRE game: Consider becoming a premium subscriber to The Promote to unlock access to expert CRE content. Take 10% off annual subscriptions by using this link: https://www.thepromote.com/upgrade?offer_id=b700858f-21e0-47a2-9695-a93055d3ed15 Further reading: Inside Floyd 'Money' Mayweather's lavish, debt-filled post-boxing life Jona Rechnitz Atavist profile and The Promote's CRE-focused summary Harry Macklowe profile: 432 Park lawsuit: Downside to life in a supertall:
	Bluerock's Liquid Death, Soundstage Flops and OZK Walks the Plank	24 Dec 2025	00:30:13
This week, we talk illiquid death – the Bluerock listing debacle says so much about the mark-to-magic happening in the nontraded REIT market. We then head to Hollywood where showbiz is turning into badbiz for Hackman Capital, HPP and others who went all-in on soundstages. And finally, we head to Charm City to check in on Kevin Plank & Goldman Sachs' Baltimore Peninsula megaproject – MAG is out, Hines is in, and Bank OZK is pissed. To advertise: Reach out to partnerships@thepromote.com For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple. Up your CRE game: Consider becoming a premium subscriber to The Promote to unlock access to expert CRE content. Take 10% off annual subscriptions by using this link: https://www.thepromote.com/upgrade?offer_id=b700858f-21e0-47a2-9695-a93055d3ed15 Further reading/listening: Bluerock Total Income Plus - Accredited Insight When Your Private Fund Turns $1 Into 60 Cents This Hollywood Property Mogul Stands to Lose No Matter Who Wins Warner Hines in, MAG at Baltimore peninsula Steve Ross takes his talents to West Palm Beach
	Exotic Alts (w/ SomeraRoad's Ian Ross) & Taconic's Lab Leak	17 Dec 2025	00:33:06
This week, we’re talking exotic alts – the far-flung corners of CRE that are starting to catch serious institutional interest. Think car washes, aviation hangars and the like. We're joined by Ian Ross, managing partner of SomeraRoad, to talk through the fascinating niche of aviation infrastructure and how it's been supercharged by the Big Beautiful Bill. Then, we walk through Taconic Partners' failed grand experiment with life science real estate in NYC – $2B deployed, not much to show for it. To advertise: Reach out to partnerships@thepromote.com For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple. Follow our guest on LinkedIn: Ian Ross Up your CRE game: Consider becoming a premium subscriber to The Promote to unlock access to expert CRE content. Take 10% off annual subscriptions by using this link: https://www.thepromote.com/upgrade?offer_id=b700858f-21e0-47a2-9695-a93055d3ed15 Further reading/listening: Taconic Invested $2B To Be NYC's Leading Life Sciences Developer. Then The Market Froze Bonus Depreciation Boom Times in Private Aviation Net Leash Car Wash Sales Surge AUM Gobbling, Explained
	Starchitects, Swedish Whales & an SF Hotel Heist	10 Dec 2025	00:33:47
This week, we look back at the skyline-shaping impact of 2 starchitects who’ve just left us – Robert A.M. Stern and Frank Gehry – and then jump into a broader discussion about the pros & cons of name-brand architects. We dive into the industrial deal of the year, EQT’s 9M sf sale to Aum gobbler Artemis. And we have an exclusive tick-tock of a hotel megadeal in San Francisco, Newbond & Conversant's heist of 3,000 rooms in one fell swoop – it's a great window of what it takes to get a distressed CMBS trade across the finish line. To advertise: Reach out to partnerships@thepromote.com For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple. Up your CRE game: Consider becoming a premium subscriber to The Promote to unlock access to expert CRE content. Take 10% off annual subscriptions by using this link: https://www.thepromote.com/upgrade?offer_id=b700858f-21e0-47a2-9695-a93055d3ed15 Further reading/listening: Hiten on Bloomberg's Odd Lots discussing the ultra-luxury market Inside the Hotel Heist of the Year Sixth Street's AUM Gobbling Postscript: Robert A.M. Stern, the Limestone Jesus Postscript: Frank Gehry
	Mailbag: CRE Casting Couch, Return-Immune Investing & Best Dumb-Guy Sectors	05 Dec 2025	00:20:06
In our special mailbag episode, co-host Will Krasne tackles your most unhinged CRE questions: who'd be the dream cast of a CRE version of Million Dollar Listing, the best projects through which to launder funds, and which industry niches are IQ-optional. To advertise: Reach out to partnerships@thepromote.com For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple. Up your CRE game: Consider becoming a premium subscriber to The Promote to unlock access to expert CRE content. Take 10% off annual subscriptions by using this link: https://www.thepromote.com/upgrade?offer_id=b700858f-21e0-47a2-9695-a93055d3ed15
	Sleepless in Seattle: The Martin Selig Story	03 Dec 2025	00:29:45
This week, we dive deep into the maverick career of Seattle skyscraper titan Martin Selig - a true man in full who at his pomp controlled more than a third of the city's downtown, but is now at risk of losing it all. As of this summer, Selig has lost 19 of his buildings to third-party managers or lenders. He’s been unable to make good on over $850 million in loans. We break down his meteoric rise, his ability to survive through cycles that ended the careers of lesser men, and why this time may truly be the end. To advertise: Reach out to partnerships@thepromote.com For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple. Up your CRE game: Consider becoming a premium subscriber to The Promote to unlock access to expert CRE content. Take 10% off annual subscriptions by using this link: https://www.thepromote.com/upgrade?offer_id=b700858f-21e0-47a2-9695-a93055d3ed15 Further reading/listening: https://www.latimes.com/archives/la-xpm-1989-11-20-fi-194-story.html https://www.seattletimes.com/business/developer-seligs-one-man-show-plays-well-in-current-downturn/ https://www.seattletimes.com/business/martin-selig-helped-shape-downtown-seattle-now-hes-the-face-of-its-office-woes/ https://www.nytimes.com/1986/06/29/realestate/focus-seattle-creating-an-office-empire.html https://www.seattletimes.com/seattle-news/developer-donates-922000-to-try-to-get-estate-tax-erased/ WA https://www.seattletimes.com/business/real-estate/another-piece-of-seligs-seattle-office-empire-sold-at-fire-sale-discount/ Talking Tycoons: Tom Cousins

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