The Promote Podcast

ten31 Media

Your Commercial Real Estate Insider guide. From profiles of the biggest dealmakers to skyline-shaping transactions, we bring you the deals, breakdowns and war stories that move the market — for insiders, by insiders. From bad-boy guarantees to CMBS tranche warfare to syndicator sins, we cover it all. Each week, The Promote Podcast explores three of the most interesting and consequential stories in CRE, taking you well beyond the headlines and into the heart of the action. Hosted by the award-winning “Bard of CRE,” Hiten Samtani, along with no-BS institutional insider Will Krasne. Now a top 80 pod on Apple in "Business & Investing." Also check out our 3x/week newsletter for industry insiders at https://www.thepromote.com/

  1. hace 4 días

    Evergrande Delusions & Chitty Chetrit Bang Bang

    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 ChetritstanChetrits - Checkmated or playing possum?The man from Morocco Evergrande delisting marks end of era for China’s property sectorChinese authorities accuse Evergrande of inflating revenues by $80bnLimit-Up Hotel Kamikazes MarineMax to Be Taken Private by Blackstone-Owned Safe Harbor for $1.5 BillionExotic Alts

  2. 19 ago

    CW's Inside Man & Newmark's Weekend at Bernie's

    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/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

  3. 17 ago ·  Contenido extra

    Man on Wire: Michael Stern On the Record

    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/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

  4. 12 ago

    Only Mortals: The Reichmanns, Pt. III

    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 & 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

  5. 5 ago

    Apex Predators: The Reichmanns, Pt. II

    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/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

  6. 29 jul

    Men of Destiny: The Reichmanns, Pt. I

    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 & 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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Your Commercial Real Estate Insider guide. From profiles of the biggest dealmakers to skyline-shaping transactions, we bring you the deals, breakdowns and war stories that move the market — for insiders, by insiders. From bad-boy guarantees to CMBS tranche warfare to syndicator sins, we cover it all. Each week, The Promote Podcast explores three of the most interesting and consequential stories in CRE, taking you well beyond the headlines and into the heart of the action. Hosted by the award-winning “Bard of CRE,” Hiten Samtani, along with no-BS institutional insider Will Krasne. Now a top 80 pod on Apple in "Business & Investing." Also check out our 3x/week newsletter for industry insiders at https://www.thepromote.com/

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