Let’s Have A Drink (New York)

Trump's One Big Beautiful Bill is being negotiated in the Senate, and how it gets hammered out could have major implications for commercial real estate. The breadth of possible impacts are huge, from the return of bonus depreciation, which could finally make the math work on deals, to qualified business income deductions allowing CRE to write off more debt and a possible ban on state regulations on AI, which could kill local rules on rent-setting software and change the data center map.On this episode, EisnerAmper partner Ryan Sievers broke down what CRE needs to have its eye on to maximize profit and get deals moving in a new tax environment.Register on Bisnow.com to join next Friday's conversation live, or check back here for the conversation after it airs. 

With the 10-year Treasury hovering near 5% and Trump's $3T tax plan rattling the bond market, capital costs are surging — and CRE is feeling the heat. On this episode, Peachtree Group CEO Greg Friedman dove into how the rising 10-year Treasury is impacting deals, the challenge of supporting exit caps in a rapidly shifting environment, how extend and pretend is hurting deals and why he's still doing development deals even though he expects CRE to underperform for a while.Register on Bisnow.com to join next Friday's conversation live, or check back here for the conversation after it airs. 

Between economic whiplash, shifting policies and market volatility that changes by the hour, you need industry insights that cut through the noise. That's exactly why we're launching First Draft Live, a new weekly series that breaks down what's happening, why it matters and what you need to know to do better business. Join us live on Bisnow.com every Friday at 12:30 PM ET / 9:30AM PT for conversations with the industry's sharpest minds discussing the week's most critical stories, or catch the replay right afterwards — here on your podcast app of choice.

Bisnow has released the fourth installment of the annual story tracking the levels of gender and racial diversity among commercial real estate leaders. On this episode, we break down the latest figures, and examine the current threats that diversity programs in the U.S. -- as well as talk about how backlash and the Supreme Court rulings on affirmative action could filter through to the industry. Read More: SPECIAL REPORT: Diversity In CRE Is Rising, But The Industry's Troubles Threaten ProgressPolitical Backlash Against DEI Having A ‘Chilling Effect' On CRE's Diversity Push

Asland Capital's Jim Simmons, speaking at Bisnow's New York State of the market, on the importance of mixed use developments, raising money from diverse sources and getting affordable housing built in a challenged economic environment. Read more: More Uncertainty Means Lenders, Developers Need More Partners To Get Deals ClosedFormer Ares, Apollo Exec Launches CRE Investment Firm, Buys 2 Apartment Buildings

John Kim, BMO Capital Markets senior analyst covering U.S. REITs, speaks about the third quarter earnings season. Read more: Vornado Pulling Out Of New York City Casino SweepstakesDespite Outperforming Sector, SL Green Stock Being Heavily ShortedSL Green's Sluggish Leasing Sends Stock Tumbling As REIT Readies For Turnaround

Distress in real estate is prevalent in industry chatter – and in the headlines, but when it comes to sales, it is still not much of a factor. bIn fact, less than 2% of sales are distressed asset sales in the U.S., according to Jim Costello who is the chief economist at investment research firm MSCI's Real Assets team. Read more: CRE Loan Distress Hits 10-Year High As Office Debt Crisis AcceleratesREPORT: Regional Banks See Big Jump In Nonperforming CRE Loans, Related LossesVolume Of Distressed Asset Sales On Mute As Owners Battle A New Type Of CrisisLuck And Guts Might Not Be Enough To Ride This Real Estate Cycle

JLL's CTO Yao Morin on JLL's generative artificial intelligence model, JLL GPT,  and how she thinks AI can improve the lives of brokers and help them do their job. She also discusses the widespread angst about AI, its dangers and the concerns that it will push people out of employment.Read more: ‘There's A Degree Of Wonder': Why New AI Tools May Finally Be The Tech That Shakes Up Real Estate

Bisnow's U.K. Editor Mike Phillips talks about the possibility of a WeWork bankruptcy, and the impact on office landlords. Read More: WeWork President, COO Heads For The ExitWeWork Skips $95M In Interest Payments WeWork Assembles Team To Avoid Bankruptcy As NYSE Starts Delisting Process

Danielle Lombardo, the chair Lockton's global real estate practice, on how the cost of insurance is killing deals, and how this "inflection point' will force the industry to work together to find a solution. Read more: ULI: CRE Insurance Availability, Affordability At 'Crisis Levels'Insurance Costs Jump 26% For U.S. Multifamily PropertiesAs Hurricane Idalia Deluges Florida, Property Insurance Exposure Exceeds $238B

On this episode, CBRE's Richard Barkham, who is the brokerage's  global chief economist and global head of research. He is talking over why the brokerage has moderated -- but not removed -- its recession prediction and his view on the where interest rates are headed. Also on the episode, distress in office and the impressive turnaround of retail. More stories on our website: 'You Sure You Want To Do This?': Rookie Office Brokers Pursue CRE Careers Despite DownturnPolitical Unrest, Office Usage, Housing Shortage Top List Of CRE's Biggest Issues For 2024

Thomas Yoo, the CEO of Willow River Capital Management, talks about the shifts in Asian investment into USA real estate, managing different cultural approaches to business – and the environment for loan sales. Read more: CRE Awaits Signature Bank Loan Sales For Desperately Needed ‘Pricing Signals'Loan Backed By Manhattan Office Tower Blackstone Gave Up On Set To Hit The MarketDequity: A Debt, Equity And Capital Markets Explanation 

Rudin CEO Bill Rudin talks about office occupancy, the decision to turn 55 Broad into housing, doing deals with Ken Griffin and the migrant crisis. Read more: 'A Million Things Can Go Wrong': City, Developers Outline Challenges In Office-To-Resi ConversionsAnother Labor Day Came And Went Without A Spike In Office Occupancy

Marilynn Joyner, the founder of Her Workplace – a startup that offers  physical coworking space, in person events and a digital networking and career resource platform – all tailored for women and nonbinary people, at this moment in the world of work. 

Jarred Schenke and Ethan Rothstein talk over the Nightingale Properties and CrowdStreet deal that resulted in a DOJ investigation and the disappearance of millions of investor dollars.  Read more: Inside Nightingale Properties, The CRE Firm At The Center Of The Missing Millions DOJ, SEC Investigating Nightingale After $40M Of Investor Cash Allegedly Diverted To CEO's Accounts Crowdfunding Industry Tries To Restore Confidence In Wake Of Nightingale Fraud Allegations

Ben Van Leeuwen, the co-founder of Van Leeuwen ice cream talks about building expanding the business overseas, handling inflation -- and why American consumer habits are perfect for a pricey ice cream chain. 

Reporters Olivia Lueckemeyer and Maddy McCarty talk over the Texas miracle, and what might be threatening it. We also hear from the former Texas Governor and former Secretary of Energy in the Trump Administration Rick Perry on why he doesn't think government should intervene in the housing crisis. "Government should do a few things, do those few things really well and then get the hell out of the way – and let the private sector do what the private sector does best … if you become so popular that the market is able to raise the cost of where people can't afford it, at some time in the future there will be a self correction.” Read the series here:Everything's Bigger In Texas: Angry Neighbors, Aging Policies And Lack Of Will Are Digging A 10-Gallon Housing HoleThe Nation's Second-Worst Housing Shortage Is Crashing Into ‘The Texas Miracle'

Donohoe Hospitality President  Thomas Penny speaks on recruiting to deal with the labor crisis, his concern about the debt ceiling and the business to make the most of that so-called “bleisure travel." “At the height of the pandemic, we  saw a massive loss of life …a lot of folks throughout the country, their priorities have shifted to realize just how fragile today is. You have folks who will pay a premium to make certain they will make the most of the day." Also on the is episode, Tiffany Townsend, the executive Vice President of Global communications at NYC Tourism and Conventions talks the recovery in New York City. 

Trepp's Manus Clancy talks over the debt ceiling crisis, the environment of "extend and pretend" and how the banking crisis is affecting real estate lending. 

Shlomi Ronen, of Dekel Capital and Ron Zeff of Carmel Partners talk the banking crisis, investment opportunities and recessions threats. Read More: First Republic Bought By JPMorgan Following Bank's FailureFollowing Collapse Of Other Regional Banks, PacWest Weighs Sale

Jordan Kavana, the CEO and founder of Ark Homes for Rent, talks about the growth of the single family rental market, domestic migration, and SFR's reputation as the destroyer of the American dream, home ownership. Read more: Major Apartment Owner And Single-Family Rental Owner Team Up To Buy $3B In 'Horizontal Multifamily' Newmark Creates SFR Team In Anticipation Of Investor Comeback Huge Firms Like Blackstone Are Slowing Their SFR Purchases. They Won't Be Down For Long This episode presented by LendingOne. 

Bisnow Reports heads to the annual Real Estate Board of New York's  party to talk politics, uncertainty and the complexity of the market. Read More: PHOTOS: REBNY's 127th Gala, Where Politics Took Center Stage

Bob Knakal, head of JLL's New York Private Capital Group, and Walker & Dunlop's Aaron Appel speak about the investment sales market, value resets and the market battle between fear and greed. Read More:Wave Of Distressed CRE Sales Coming: ColliersThe Long-Awaited New York City Office Repricing Wave Is HereBisnow Reports is hosted and produced by Miriam Hall. Subscribe wherever you get your podcasts – and please leave us a review. 

In this bonus episode, Bisnow reporters unpack the findings of a multi-story investigation into the real estate industry's approach to reducing emissions. 

On this episode, Alicia Glen, the former Deputy Mayor for Housing & Economic Development who now runs MSquared, a real estate development and investment platform. We're talking about housing policies before the legislature right now, the political climate under Gov. Kathy Hochul versus Andrew Cuomo, good cause eviction and advancing women and people of color in real estate. Read More: Former NYC Deputy Mayor Raises Fund To Back Affordable Housing DevelopersNew York's Multifamily Developers Say They're ‘Fighting For The Right' To Build Bisnow Reports, is hosted and produced by Miriam Hall. Subscribe wherever you get your podcasts – and please leave us a review. 

On this episode, Kevin Fagan, the head of CRE Economic Analysis at Moody's Analytics, talks about the Federal Reserve's decision to raise rates, the state of the CMBS market and how commercial real estate may be less exposed to regional banks than many think. Read more:From Bad To Worse: Bank Failures Thin Ice Under Expiring Office Loans JPMorgan, Blackstone Execs Warn Of Deepening Commercial Real Estate DistressBank Contagion Fears Shake The Foundation Of Commercial Real Estate At Its Core Bisnow Reports, is hosted and produced by Miriam Hall. Subscribe wherever you get your podcasts – and please leave us a review. 

Sonny Kalsi, a co-CEO of BentallGreenOak to help make sense of the banking crisis that has already led to two U.S. bank failures and the takeover of Swiss banking giant Credit Suisse, and to assess what it means for commercial real estate.

CREtech CEO Michael Beckerman on why he thinks the desperate need for a greener, more sustainable built environment will be a “gold rush” for Proptech. 

Madison Realty Capital's Josh Zegen talks about the state of the financing markets, and the opportunities to provide leverage to other lenders. 

Developer Bruce Teitelbaum talks about One45 Harlem, his proposed mixed-use housing development in Harlem that has received vehement opposition from the local council member. 

Samir Tejpaul talks over how company is approaching modifications with their borrowers, why the company will bel be patient – depending on the circumstances -- and why he thinks location of an office asset is more important than its age or class. 

'Beyond Crisis Mode': NYC Housing Development Crippled By Red Tape And Political Backlashhttps://www.bisnow.com/new-york/news/multifamily/state-of-the-market-116486

Nuveen Taps Industrious To Create Tenant Network Across National Portfolio https://www.bisnow.com/national/news/office/nuveen-taps-industrious-to-create-tenant-network-across-national-portfolio-117400Hybrid Work Adoption Driving Rush Of Coworking Consolidation https://www.bisnow.com/national/news/coworking/coworking-flex-office-hybrid-work-wework-industrious-113072Companies Ramp Up Coworking Expansions, A Rare Office Market Bright Spothttps://www.bisnow.com/national/news/coworking/companies-ramp-up-coworking-expansions-a-rare-office-market-bright-spot-116034

New York City Office Adaptive Reuse Study: https://www.nyc.gov/assets/planning/download/pdf/plans-studies/office-reuse-task-force/office-adaptive-reuse-study.pdfA Conversation With The Developer Behind The Country's Biggest Office-To-Resi Conversion:https://www.bisnow.com/new-york/news/construction-development/brian-steinwurtzel-gfp-25-water-conversion-117239

Bisnow U.K. editor Mike Phillips, L.A. reporter Bianca Barragán and Dallas Fort Worth reporter Olivia Lueckemeyer join Bisnow reports to talk over some of the dominate issues of the year, what is top if mind for their sources and the challenges and opportunities facing the industry in 2023.

NYU's Arpit Gupta talks over the findings of a report he co-authored entitled 'Work from Home and the Office Real Estate Apocalypse'. Read more on the return to office: * * * Return To Office For Thee, But Not For Me: C-Suite Stays Home As Employees Expected Back https://www.bisnow.com/national/news/office/return-to-office-for-thee-but-not-for-me-c-suite-stays-home-while-employees-get-pushed-in-112940 Apocalypse Soon: Work-From-Home To Cut Office Values By $500B, Report Finds https://www.bisnow.com/national/news/office/work-from-home-to-cut-office-property-values-by-49b-by-2029-113273

Avison Young's Mark Rose, Project Destined's Cedric Bobo and Roosevelt University's Collete English Dixon talk diversity in commercial real estate, and examine Bisnow's 2022 analysis of gender and racial breakdown at the top levels of the industry. * * 'The Hardest Job In Business': CRE's Chief Diversity Officers On Their Roles 2 Years Post-George Floyd https://www.bisnow.com/national/news/commercial-real-estate/chief-diversity-officers-dei-tishman-speyer-116427 * * * The Big Missing Piece That Could Derail Commercial Real Estate's Diversity Push https://www.bisnow.com/national/news/commercial-real-estate/cre-risks-losing-diverse-talent-by-overlooking-middle-management-level-116399 * * * SPECIAL REPORT: CRE Made Limited Progress On Diversity In 2022. Advocates Worry Momentum Is Waning https://www.bisnow.com/national/news/commercial-real-estate/dei-in-cre-2022-116201

JLL's Americas Work Dynamics and Industry Research Platform Leader Amber Schiada talks implementing hybrid, generation Z's approach to the workplace and some managers' view of the office doesn't match up with their employees.

Silverstein Properties' CEO Larry Silverstein speaks to CBRE's Mary Ann Tighe about economic conditions, his predictions for a turnaround and the company's attempts to build in Astoria -- where the local council member has made it clear she will not support the project. This conversation was recorded at Bisnow's New York Economic Forecast event at 7 World Trade Center.

Bisnow Atlanta reporter Jarred Schenke and MWPVL founder and President Marc Wulfraat talk about Amazon approach to industrial space, and what may be ahead for the industrial market in general. Read more: * * * * Read more: Amazon Ramps Up Land Buys As It Pulls Out Of Leased Spaces: https://www.bisnow.com/national/news/industrial/amazon-has-been-on-a-land-buying-tear-amid-pivot-away-from-leasing-114002 * Amazon Looking To Shed 10M SF In Warehouse Space: https://www.bisnow.com/national/news/industrial/amazon-to-shed-10m-sf-in-warehouse-space-pursue-subleasing-113118 * Amazon Ups Number Of Postponed, Canceled Warehouses To 49: https://www.bisnow.com/national/news/industrial/amazon-ups-postponed-canceled-warehouses-to-49-nationwide-114495 * Amazon Ramping Up Industrial Acquisitions In Pivot Away From Leasing, Sources Say: https://www.bisnow.com/national/news/industrial/amazon-shifting-industrial-strategy-toward-owning-properties-potentially-hurting-leasing-market-110613 * Frozen Debt Markets, Local Pushback Chipping Away At Industrial Cash Cow: https://www.bisnow.com/new-york/news/industrial/community-pushback-warehouse-ecommerce-115973

Morgan Stanley's Lauren Hochfelder talks about why real estate will need to manufacture its own returns now, rather than rely on tail winds -- and how she thinks about risk having gone through the Global Financial Crisis at the firm in the early phase of her career.

Texas developer and former commercial real estate broker Ed Cross talks office to residential conversions, learning from recessions and why he thinks the model for making money in real estate is heading for a reset. * * * Read more: Office Values Have Further To Fall Before Residential Conversions Start Picking Up Speed: https://www.bisnow.com/new-york/news/office/just-50-us-office-buildings-have-been-turned-into-housing-115688 Far From 'Easy Money': Experts On The Hurdles Facing Office-To-Residential Conversions: https://www.bisnow.com/national/news/construction-development/as-distress-comes-to-the-office-market-office-to-residential-conversions-may-prove-elusive-for-some-115846

In interviews recorded at Bisnow's New York Women Leading Real Estate Event, female industry leaders discuss progress for women, the challenges of the pandemic -- and how real estate can play a role in the city's recovery. * * * Read a full list of the honorees here: https://www.bisnow.com/new-york/news/women/38-female-leaders-to-watch-in-nyc-real-estate-115476

Barings U.S. Head of Real Estate Research and Strategy Dags Chen talks through the rapidly diminishing probability of a soft landing for the economy. * * * Read More: 'Dark Days Ahead': How KKR, Apollo, Invesco View CRE Investing In A Recession: https://www.bisnow.com/new-york/news/capital-markets/national-finance-post-event-115557

This episode is presented by Inland Green Capital. This week, we're speaking with Bisnow U.K. Editor Mike Phillips and Birmingham and Manchester reporter David Thame about the real estate holdings of the Crown Estate, how Queen Elizabeth II's death and the ascension of King Charles II affects the monarchy's property empire, and how real estate plays a role in the wealth and power of the British royal family.***Read More: Property Prince Becomes King: Charles III's Highs And Lows In The Real Estate World:https://www.bisnow.com/london/news/commercial-real-estate/property-prince-becomes-king-charles-iiis-highs-and-lows-in-the-real-estate-world-115385**As UK Mourns Queen Elizabeth, Crown's Property Empire Shines Light On Continuity And Changehttps://www.bisnow.com/london/news/commercial-real-estate/crown-and-queens-property-empire-shine-light-on-continuity-and-change-115350

On this episode, presented by Inland Green Capital, we're talking about the post Labor Day return to the office, and hearing from Silvertein's Marty Burger and RXR Realty's Scott Rechler about their predictions for office occupancy in the city.

Redfin Chief Economist Daryl Fairweather is speaking here on the federal reserve's attempts to bring down inflation, where rezoning could make a dent in the housing crisis -- and why some homeowners "misplaced entitlement" is slowing progress. Read More: NYC Apartment Rents Break Records Again As Housing Crisis Deepens: https://www.bisnow.com/new-york/news/affordable-housing/its-dire-nyc-rents-rise-to-yet-another-record-above-5k-average-114289 REPORT: Apartments In Sun Belt Markets Set Up For 'Significant Collapse Of Demand': https://www.bisnow.com/national/news/multifamily/report-apartments-in-sun-belt-markets-set-up-for-significant-collapse-of-demand-114160

Head of Commercial Real Estate Economics at Moody's Analytics Victor Calanog talks through the impact of career trajectories on the workplace, office vacancy predictions and why he thinks it will be a rocky 18 - 24 months. * * * Read More: Remote Work Is Over In These Markets — And Here's What They Have In Common: https://www.bisnow.com/national/news/office/remote-work-is-over-is-some-parts-of-the-country-and-they-all-have-two-things-in-common-114135 Google, TikTok Among Tech Firms Looking For Big Offices In NYC: https://www.bisnow.com/new-york/news/office/google-oracle-tiktok-office-manhattan-114088 Office In 'A Period Of Creative Destruction' As Owners Search For What Actually Gets Workers In https://www.bisnow.com/new-york/news/office/amenities-war-113181

Mike Phillips, Bisnow U.K. editor, talks about how global real estate investors are behaving amid global uncertainty, what it may take for the standoff between buyers and sellers to end -- and where deals have been put on ice or stalled as a result of the market. Read more: All our coverage on recession fears, updated regularly - https://www.bisnow.com/national/news/economy/recession-fears-real-estate-113929 Canceled Contracts Pile Up As Real Estate Buyers, Lenders Reckon With Rising Rates -- Jarred Schenke reveals details on deals that have fallen apart in the current environment - https://www.bisnow.com/national/news/capital-markets/no-ones-immune-as-cre-values-take-hit-deals-fall-apart-with-rising-rates-114026 Soft Landing Or Deep Recession? Whatever Is On The Horizon Isn't Like Any Other Downturn - Tim Carroll breaks down how experts see the situation playing out https://www.bisnow.com/national/news/economy/slowed-growth-recession-unprecedented-international-economic-downturn-in-uk-us-113992

MaryAnne Gilmartin talks about launching her own company, her concerns about what she considers "political dysfunction" in New York and branching out to Baltimore.

Scott Malkin speaks about the future of physical retail, luxury brands and his new venture in the USA.