Deconstruct

Heading into 2024, rate cuts and investment opportunities are discussed, with a focus on the transitional year. The speaker highlights the wall of maturities and the potential in cold storage. The chapter also covers distress in San Francisco and a $900 million apartment complex foreclosure auction. Being a secondary investor in commercial real estate transactions is explained, as well as opportunities in the evolving office market and the impact of bank collapse on commercial real estate loans.

Pull back the cover of The Real Deal's January issue and you'll find NIMBY vs. YIMBY battles unfolding across the country. Deconstruct talks with TRD senior reporters and bureau chiefs to unpack what's driving development and blocking construction in New York, South Florida, Los Angeles, Austin and Chicago.

Imagine a scenario where you, a developer, could pick a site on a map and discover exactly what you could build there. No more hiring experts, contacting the city, finding ways to match zoning requirements. Deepblocks, run by Olivia Ramos, is trying to do exactly that and more, using artificial intelligence. Deconstruct sat down with Ramos at The Real Deal's annual Miami Forum last November to chat about the firm, concerns around AI and how its applications are spreading across the real estate industry.

The Real Deal dubbed New York’s last legislative session the “housing session that wasn’t.” Developers desperate for a 421a tax abatement replacement went home empty handed. Tenant advocates saw no movement on the renter protection good cause eviction. Could 2024 be different? Alicia Glen, housing expert and deputy mayor for housing and economic development under the De Blasio Administration, thinks so. “I do feel there is a path forward,” Glen said. “We just need leadership to drive the deal.”

Live at The Real Deal's Miami Forum, the founders of Kaizen AI, Jay Shah and Kashyup Shah, discuss their platform that uses AI to optimize building designs for profitability and environmental impact. They share examples of successful projects and address the challenge of convincing developers of AI's value.

Discussion on impact of legislation prohibiting hedge funds from purchasing single-family homes. Tracking vacant apartments in NYC and GVA's foreclosure trouble. Challenges in real estate investment and the state of NY's investment sales market. Decline in annualized sales due to rising interest rates. Understanding seller's motivation and cultivating relationships in NYC investment sales. Multifamily market and transaction volume decline due to interest rates and affordable housing deals delay

"It's the case of the haves and the have nots." Real estate investment firm Ivanhoé Cambridge is facing the same issues as every other investment firm: how do you correctly manage an office portfolio right now? For the firm's head of office and life sciences investments, Jonathan Pearce, it's all about separating assets into buckets: the good ones worth throwing new cash on, and the ones underperforming. Deconstruct chatted with Pearce about how he’s thinking about investing in office right now, opportunities for preferred and mezzanine financing and how it helps to have the support of a hundred-billion-dollar-plus parent company.

In early November, the Deconstruct team flew to Miami for The Real Deal's annual showcase and forum. We're bringing you two interviews we recorded on site at the event. First, you'll hear from Miami star broker Dora Puig about the state of the residential market. After that, Edgardo Defortuna and Ana Christina Defortuna at Fortune International Group talk about the hotel-branded residence market, new development in South Florida and why there are so many New York restaurants in Miami.

On the last day of October, a jury found the National Association of Realtors and two brokerages — HomeServices of America and Keller Williams Realty — guilty of conspiring to artificially inflate broker commissions. The verdict immediately spurred a copycat suit and could inspire dozens more. The Department of Justice is eyeing its own case and policy changes could be on the table. The Real Deal's Sheridan Wall and Harrison Connery break down the case and its aftermath.

Fredrik Eklund, star broker and partner John Gomes, have launched Maya, an AI tool for real estate. They discuss Maya's capabilities, the landmark lawsuit against major brokerages, occupancy rates, and the potential of AI technology in real estate.