NEREJ/NYREJ Podcast

Rick Kaplan

Discuss Commercial real estate in New England and New York with guests from all related fields connected to real estate. 

  1. 2d ago

    Mark Foley The Folson Group talk Condo's and Co ops

    Send us Fan Mail Rick Kaplan host of the NEREJ/NYREJ Podcast interviews Mark Foley of The Folson Group.   I work on the owner side. In New York City, many of those projects are approved and paid for by volunteer co-op and condo boards. Most of those board members have never managed a major capital project before. When a board doesn't understand its role, projects stall, budgets grow and relationships with the building team suffer. I think your listeners would get a lot out of hearing how boards make decisions, and how the industry can work with them more smoothly. NEREJ/NYREJ reaches exactly the people who sit across the table from those boards, so it's a natural place to have that conversation. Tell us a little about yourself and some accomplishments I'm the President and Co-Founder of The Folson Group, a New York City consultancy that helps co-op and condo boards make better financial decisions and manage complex capital projects. My background is in finance and economics. I've served as president of my own 165-unit NYC co-op board for more than 15 years, and I got there the hard way. My wife, Tina Larsson, and I organized a coup in our building and took over the board. We then renegotiated its contracts and started running the building like a business. In the first three years, we saved $340,000. That experience became the basis for The Folson Group. Today we help other boards bring the same financial discipline and oversight to their buildings. Tells us what you would like to discuss on the show? 1. Why boards shouldn't have to become part-time engineers and construction managers. When a major project like a facade, roof, boiler or elevator comes up, volunteer board members often end up in over their heads. I'd talk about the support they actually need and how that helps the architects and engineers they hire. 2. The questions a board should ask before approving a large expense. This means looking past the lowest bid to scope, change orders, reserves, financing and the long-term cost to shareholders. 3. A managing agent manages, a board governs. I'd explain where the line between the two roles should be and what happens to buildings when it gets blurred. 4. What developers, architects and engineers can do to work better with boards. This covers how to present proposals, build trust and keep projects moving when the client is a group of volunteers. Support the show

  2. Oct 23

    Yehuda Katz riskremedy io interview on NEREJ NYREJ Podcast

    Send us Fan Mail Support our Podcast:   https://www.buzzsprout.com/1899808/support Rick Kaplan host of NEREJ/NYREJ Podcast interviews CEO and co-founder of RiskRemedy Yehuda Daniel Katz, based at the Columbia Startup Lab in New York, and I spend my days reading commercial insurance policies line by line. Our team has analyzed more than 2 million commercial endorsements, which gives me an unusual view of how policy language is changing, especially on contractor and real estate policies. I write a weekly series, "Exclusion of the Week," that breaks down a real (anonymized) endorsement and what it means for the owners, contractors and brokers relying on it. This interview would be educational: findings and practical checklists your audience can use, not a product pitch. 1) Why a certificate of insurance isn't proof of coverage, and the endorsements owners and property managers should ask to see before hiring a contractor. 2) Real examples from contractor policies: a 20-foot work height limit on a facade contractor (think Local Law 11 work), exclusions for condo and office-to-residential conversions, and subcontractor conditions that can void coverage over one missing piece of paperwork. 3) New language showing up in the surplus lines market, like a definition of bodily injury that removes genetic and epigenetic claims and medical monitoring on an abatement contractor's policy, and what it signals about where claims are heading. 4) What owners, developers and property managers can do about it: what to write into contracts, what to ask their broker, and a simple checklist for reviewing a contractor's policy. Support the show

  3. Oct 9

    Alex Taylor CommercializeIQ interviw on NEREJ NYREJ Podcast

    Send us Fan Mail Please Support the NEREJ/NYREJ Podcast:  https://www.buzzsprout.com/1899808/support Rick Kaplan host of the NEREJ/NYREJ podcast interviews Alex Taylor of CommercializeIQ.     www.commercializeIQ Commercial real estate is entering a period where AI and technology are going to materially change how people work, make decisions, and operate portfolios, but I think a lot of the conversation is still either too theoretical or too focused on the technology itself. I’d like to have a practical discussion about what is actually changing inside CRE, where AI is useful today, where the hype gets ahead of reality, and how owners, operators, developers, retailers, and asset managers should be thinking about the next several years. There is a much bigger conversation here than any one product or platform. I’ve spent 15+ years at the intersection of commercial real estate and technology. I’ve built and scaled multiple multi-million-dollar PropTech companies, had three successful startup exits, and I’m now in my fourth founder/co-founder seat. What makes my perspective a little different is that I’m not coming at CRE as a software outsider. I’ve also been a commercial real estate owner, investor, developer, and operator. I’ve sat on both sides of the table, building technology for the industry while also living the operational problems that technology is supposed to solve. Support the show

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Discuss Commercial real estate in New England and New York with guests from all related fields connected to real estate.