The Promote Podcast

Jaksot

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  The Last Tower & Blackstone's Lair Cake 16.09.2026 34min

  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 [email protected] And please rate us and write a review on Apple 🙏For brand partnerships: Reach out to [email protected] Reading/ListeningPower at Ground Zero: Politics, Money, and the Remaking of Lower ManhattanLarry’s White Whale: More Deets on 2 WTC DealLower Manhattan, 25 Years After 9/11One Attack or Two? Jury to Get Trade Center Insurance ClaimKey Blackstone Cub Leaving Lair UC Regents' Trophy Deal TarnishedAt Blackstone’s $339 Billion Property Arm, the Honeymoon Is OverStan Kroenke’s Angels Purchase Puts Angel Stadium Redevelopment Back in Play
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  Evergrande Delusions & Chitty Chetrit Bang Bang 26.08.2026 37min

  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 [email protected] And please rate us and write a review on Apple 🙏For brand partnerships: Reach out to [email protected]'s on vacay: We're taking a fortnight off. Our next episode will drop 9/16. Arrivederci!Further Reading/ListeningHeat on Chetrit The Big Bank Battle of ChetritstanChetrits - Checkmated or playing possum?The man from MoroccoEvergrande delisting marks end of era for China’s property sectorChinese authorities accuse Evergrande of inflating revenues by $80bnLimit-Up Hotel KamikazesMarineMax to Be Taken Private by Blackstone-Owned Safe Harbor for $1.5 BillionExotic Alts
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  CW's Inside Man & Newmark's Weekend at Bernie's 19.08.2026 32min

  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 [email protected] And please rate us and write a review on Apple 🙏For brand partnerships: Reach out to [email protected] Reading/ListeningGO’s Multifamily AUM Gobbling ™Loonie Tunes: Orbach, Gotlib Head to TSXA Special Servicer SkirmishNewmark’s Data Center Talent ShuffleAin’t No Party Like a Lutnick PartyTop Brokers Leave Newmark After Suing Firm, BossHoward Lutnick talks bank failures, Newmark’s competitors and more
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  Man on Wire: Michael Stern On the Record 17.08.2026 28min

  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 [email protected] And please rate us and write a review on Apple 🙏For brand partnerships: Reach out to [email protected] Reading/ListeningThe Promote: Stern AmbitionStern, Soffer Near Record JPM Financing in BrickellMichael Stern: the highs and lows of a New York skyscraper kingMichael Stern’s projects flash signs of distress, but risk-taking developer has come back from crises and chaos beforeRalph Walker: Architect of the CenturyBillion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World
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  Only Mortals: The Reichmanns, Pt. III 12.08.2026 40min

  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 [email protected] And please rate us and write a review on Apple 🙏For brand partnerships: Reach out to [email protected] Reading/Listening Men of Destiny: The Reichmanns, Pt. I (Start Here)Apex Predators: The Reichmanns, Pt. IIThe Reichmanns: Family, Faith, Fortune, and the Empire of Olympia & YorkTowers of Debt: The Rise and Fall of the ReichmannsIn Britain, A Struggle To Stay AfloatThe Collapse of a Master BuilderMargaret Thatcher's Speech Inaugurating Canary WharfSecretive tycoon is key to unlocking gem of a dealBuilding for Eternity, R' Moshe Reichmann Biography
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  Apex Predators: The Reichmanns, Pt. II 05.08.2026 42min

  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 [email protected] And please rate us and write a review on Apple 🙏For brand partnerships: Reach out to [email protected] Reading/ListeningMen of Destiny: The Reichmanns, Pt. I (Start Here)The Reichmanns: Family, Faith, Fortune, and the Empire of Olympia & YorkTowers of Debt: The Rise and Fall of the ReichmannsInside CRE’s Deal of the CenturyCanadian Company Becomes a Big City LandlordThe Bronfmans' Leveraged Leviathan
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  Men of Destiny: The Reichmanns, Pt. I 29.07.2026 37min

  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 [email protected] And please rate us and write a review on Apple 🙏For brand partnerships: Reach out to [email protected] ReadingThe Reichmanns: Family, Faith, Fortune, and the Empire of Olympia & YorkTowers of Debt: The Rise and Fall of the ReichmannsZeckendorf: The autobiograpy of the man who played a real-life game of MonopolyFaith And FortuneLetters from Esther #14: What Death Can Teach Us About Life
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  Stairway to Heaven & Parkmerced's Odyssey 22.07.2026 37min

  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: 
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  Mailbag: CRE Mt. Rushmore, Would You Rather & Wildest Tenant Stories 17.07.2026 26min

  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-a93055d3ed15Further Reading/ListeningShowtime: Magic, Kareem, Riley, and the Los Angeles Lakers Dynasty of the 1980sRoss takes his talents to [West Palm] BeachUnto the Sons: King of Prussia Passes the CrownGary Barnett: The Father of Billionaires' Row
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  Skyscraper Triage & Data Center Power Struggle 15.07.2026 37min

  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/ListeningAby & SonsCharles Cohen revives West Palm office project   Dead mall back on market: Buyers walk away from distressed sale of San Francisco CentreIn San Francisco’s hot-again office market, you need a glow-up to succeedAnatomy of a BucklePfizer’s Bitter PillApartments for Rent in a Former Office, but You Have to Live in MidtownDeveloper of Troubled Midtown High-Rise Had Tried to Avoid the SpotlightBlackstone’s QTS Abandons Massive Data Center in VirginiaBrookfield Bets on AI at Scale Never Tested Before in $50 Billion PushBrookfield’s Compass Bails on Massive Virginia Data CenterAI’s Unlikely Benefactor: Blackstone’s 77-Year-Old CEO Steve SchwarzmanJon and Mindy Gray Bet on AI Science Research to Prevent Cancer
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  S2pocalypse Now & Pimco's Puppet Master 08.07.2026 37min

  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/ListeningAby & SonsSergey Brin’s Steep Loss Highlights New York Landlords’ PainKayne Anderson’s New Chief Says Real Estate in ‘Supercycle’ as Unit Is SoldThe Terminator of MiamiReset BasisFiDi Telenovela Set For Happy EndingS2’s Reit Reckoning  Great Scott! S2 Wipes Out on $400M Fund
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  Texas Chainsaw Massacre & The Man Who Knew 01.07.2026 37min

  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/ListeningTrump Cancels Plan To Sign Bipartisan Housing Bill, Demanding Voter ID LawCohen's Fortress of PainThe Man Who Knew: The Life and Times of Alan GreenspanThe Flying WalentasesBrooklyn Billionaire: How One Man Made A Fortune Rebuilding DumboThe Closing: Sam CharneyMeet CRE Finance’s Most Eccentric InvestorGaffers of Gowanus  The Traveling HFC Hangover
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  Stern Ambition, Nuveen's Belly Flop & Private Credit's Gypsy King 17.06.2026 39min

  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/ListeningMichael Stern: the highs and lows of a New York skyscraper kingThe Closing: Michael SternAn Insider’s Guide to the Miami Branded Condo GameSoffer to the rescue? A Miami Kingpin's Epic AventuraNuveen's Loss FactorCarl Icahn settles the Texaco/Getty Oil lawsuitThe Bankrupting of a Mobile Home Billionaire
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  Not Easy Being [SL] Green & TPG's Shelf Life 10.06.2026 38min

  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/ListeningInside the SL Green PlaybookGold in Them Distressed CapstacksSL Green Raises More Than $1 Billion for New NYC Debt FundReset BasisAlbania’s Rama Backs Kushner Resort as Land Ownership ProbedTPG-Led Investor Group Acquires Grocery-Anchored Retail Leader ECHO Realty
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  Hail Caesar, CoStar's M&A Mania & a ZOMbie Developer 03.06.2026 36min

  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/ListeningBig Fish- Tilman FertittaAn Interview With Tilman Fertitta on A Restaurant Empire During CovidTilman Fertitta’s Years-Long Pursuit of Caesars Is Paying OffThe Caesars Palace Coup: How A Billionaire Brawl Over the Famous Casino Exposed the Power and Greed of Wall StreetCoStar to acquire homebuilding data giant Zonda for $800 million—why it mattersCostar’s CrusadeActivist Dan Loeb dusts off his poison penZOM Prepping Bankruptcy Filing After Legal Wallop
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  Enemy at the Rates, Mayweather Gets KO'd & Newmark Nepomania 28.05.2026 39min

  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.
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  CRE's Paypal Mafia: The JMB Realty Story 20.05.2026 35min

  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 [email protected] And please rate us and write a review on Apple.For brand partnerships: Reach out to [email protected] 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-a93055d3ed15Further reading/listening:How Deal of the Decade Undid Malkin and Bluhm A Split for JMB Founders; Bluhm Starts Own Deal FundAfter Slide, Bluhm Is Blooming AgainIn Starwood Hotels, Barry Sternlicht reprises his greatest roleJMB REALTY TO BUY CADILLAC FAIRVIEWA REALTY CONCERN WITH A BIG APPETITE
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  S2's REIT Wipeout & A Lender's Extreme Show of Faith 13.05.2026 32min

  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 [email protected] And please rate us and write a review on Apple.For brand partnerships: Reach out to [email protected] 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-a93055d3ed15Further reading/listening:S2's REIT ReckoningS2 Capital targets $1B for multifamily private REITThe Alan Stalcup InterviewMultifamily's Icarus: Alan Stalcup On the RecordFortress Co-Founder Allegedly Extorted by Sexual PartnerFiDi Telenovela Set For Happy EndingDebt Fund Whac-A-Mole  Ted Turner - Atlanta Magazine ProfileBorn to Be Wired - John Malone MemoirTalking Tycoons: Tom Cousins
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  Mega-Marriage of Convenience and Miami’s Abuelagate 06.05.2026 35min

  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.com4) 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 [email protected] And please rate us and write a review on Apple.For brand partnerships: Reach out to [email protected] 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-a93055d3ed15Swag 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 ConvenienceAm I Being Too Subtle?: Straight Talk From a Business RebelThe Eccentric Genius of Trammell CrowMultifamily on Hard ModeTrammell Crow, Master Builder: The Story of America's Largest Real Estate Empire Inside the Meruelo family schism Sol Asylum
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  Aman’s Dirty Laundry & Atlanta’s Phantom Megaproject 29.04.2026 36min

  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.com2) 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.com3) 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 [email protected] And please rate us and write a review on Apple.For brand partnerships: Reach out to [email protected] 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-a93055d3ed15Further reading/listening:Mysterious Developer Is Pushing Billions In Georgia MegaprojectsDeveloper Defaults On Mortgage For Planned $3.8B Atlanta MegaprojectWebstar Seeks Tax Break For $750M Forge Atlanta DevelopmentThe Aman Infiltration: How a Global Money Laundering Kingpin Tainted a $3 Billion Hotel BrandThe Aman Connection: How a Transnational Fugitive Became a Pillar of Dubai’s Most Elite AddressCain International Invests in Aman Group to Support Global Expansion StrategyPod: Behind the Deal - One Beverly HillsCain and AbleBillion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World Meta partners with CBRE to train data center techniciansCBRE Profit Jumps 95%, Fueled By Data CentersHigh Rise: How 1,000 Men and Women Worked Around the Clock for Five Years and Lost $200 Million Building a Skyscraper