The Kirsh Connection

Andrew Kirsh

Welcome to The Kirsh Connection. In each episode, Andrew Kirsh interviews real estate industry leaders. We'll hear their real-time opinions on today's market, their background and unique career highlights, and guidance for newcomers to the industry.

  1. 2d ago

    Finding Opportunistic Opportunities with Dan Feldman

    Finding Opportunistic Opportunities with Dan Feldman   Dan Feldman, President of Sunroad Enterprises, joins me to share lessons from the company's five decades of opportunistic investing and navigating changing market cycles.   We discuss why demand for traditional automobiles has increased despite the rise of driverless technology, where Dan sees compelling opportunities in today’s market, why there is a credible argument both for and against investing in virtually every market in the country, and how AI has completely transformed asset management.   *Learn more about Dan* • LinkedIn:  https://www.linkedin.com/in/dan-feldman-1a7225139/ • Sunroad: https://sunroadenterprises.com/executive-profiles/dan-feldman/   *******************************************   In each episode of The Kirsh Connection, Andrew Kirsh interviews industry leaders to learn their real-time opinions on today's market, their background and unique career highlights, and guidance for newcomers to the industry.   *Don't miss an episode of The Kirsh Connection* • Apple Podcasts: https://apple.co/3GT1hoM • Spotify: https://spoti.fi/3OQrd6j • ListenNotes:https://www.listennotes.com/podcasts/the-kirsh-connection-andrew-kirsh-4frZReOA3-i/ • iHeartRadio:https://www.iheart.com/podcast/269-the-kirsh-connection-240080264/   Andrew Kirsh is a founding partner of Sklar Kirsh LLP and is the Chair of the firm’s Real Estate Department. Sklar Kirsh LLP is a boutique law firm providing services in corporate law, real estate, entertainment, bankruptcy, and litigation.   • Andrew on LinkedIn: https://www.linkedin.com/in/andrewkirsh/ • Andrew on Twitter: https://x.com/atkirsh   • Sklar Kirsh LLP LinkedIn:https://www.linkedin.com/company/sklar-kirsh-llp • Sklar Kirsh LLP Instagram:https://www.instagram.com/sklarkirsh/?hl=en #realestate   #sklarkirsh #sunroadenterprises #podcast #realestatepodcast

  2. Sep 2

    Half a Century of Brokerage – Carl Muhlstein on the Evolution of Los Angeles Real Estate

    After nearly 50 years in commercial real estate, Carl Muhlstein has seen Los Angeles transform—and the brokerage business transform with it.   Carl joins The Kirsh Connection to discuss why he still loves the real estate business after five decades, whether technology is helping or hurting the development of the next generation of brokers, and the dramatic decline of Downtown Los Angeles from the city’s longtime business center. We also discuss the changing entertainment industry, the consolidation of major studios, and what the Paramount/Warner Bros. combination could mean for Los Angeles real estate. It’s a conversation about what has changed, what hasn’t, and what five decades in the business can teach the next generation of real estate professionals.   We discuss:   50 Years Later, He Still Loves the Real Estate Business -- After nearly half a century in brokerage, Carl Muhlstein explains what keeps him excited about real estate.   Is Technology Making Young Brokers Better—or Holding Them Back? -- Carl discusses whether technology is accelerating young brokers’ careers—or preventing them from developing the skills that made earlier generations successful.   What Happened to Downtown Los Angeles? -- Downtown LA was once the undisputed power center of the city. Carl explains how it got there—and what the exodus of major global companies means for its future.   Hollywood Consolidation Is a Real Estate Story -- Carl discusses the transformation of the entertainment industry and what the Paramount/Warner Bros. combination could mean for Los Angeles real estate.     Learn more about Carl: Connect with Carl on LinkedIn: https://www.linkedin.com/in/carl-muhlstein-a2799/ Muhlstein CRE: https://www.muhlsteincre.com/about     *******************************************   In each episode of The Kirsh Connection, Andrew Kirsh interviews industry leaders to learn  their real-time opinions on today's market, their background and unique career highlights, and guidance for newcomers to the industry.   Don't miss an episode of The Kirsh Connection: • Listen on Apple Podcasts: https://apple.co/3GT1hoM • Listen on Spotify: https://spoti.fi/3OQrd6j • Listen on Anchor: https://podcasters.spotify.com/pod/sh... • Listen on Listen Notes: https://lnns.co/7ICHmPQyXnU   Andrew Kirsh is a founding partner of Sklar Kirsh LLP and is the Chair of the firm’s Real Estate Department. Sklar Kirsh LLP is a boutique law firm providing services in corporate law, real estate, entertainment, bankruptcy, and litigation.   • Connect with Andrew on LinkedIn: https://www.linkedin.com/in/andrewkirsh/ • Connect with Andrew on Twitter: https://x.com/atkirsh • Visit Andrew's business website: https://www.sklarkirsh.com/profession... • Follow Sklar Kirsh LLP on LinkedIn: https://www.linkedin.com/company/sklar-kirsh-llp • Follow Sklar Kirsh LLP on Instagram: https://www.instagram.com/sklarkirsh/?hl=en   The Kirsh Connection is produced and edited by Ashley Thays

  3. Aug 25

    Finding Opportunity in Niche Real Estate with Amachie Ackah of Clay Cove Capital

    On this episode of The Kirsh Connection, I sit down with Amachie Ackah, Co-Founder of Clay Cove Capital, to discuss how his firm identifies investment opportunities at the intersection of private equity, operating businesses and real estate. We discuss why Clay Cove focuses on growing niche sectors such as art storage, early childhood education andalternative hospitality; why they prefer building platforms rather than making one-off investments; how they encourage operating partners to own their real estate and turn a liability into an asset; and how they identify operating leverage that can drive value across a platform.   A great conversation about looking beyond traditional realestate asset classes to find opportunities others may be overlooking.  We discuss:   Finding Growth in Overlooked Real Estate Niches - Whereare the next interesting real estate opportunities? Amachie explains why Clay Cove is following the growth of businesses like art storage, early childhood education and alternative hospitality—and the real estate opportunities thatcome with them.   Why Invest in Platforms, Not Just Properties? - Clay Cove isn't simply looking for individual real estate investments. Amachie explains why they prefer investing behind operating platforms and how that approach can create opportunities to scale.   Turn Your Rent Into an Asset - If an operating business is going to occupy real estate for years, why keep paying someone else rent? Amachie explains why Clay Cove encourages its operating partners to purchase their real estate—turning a long-term liability into an asset. Finding Operating Leverage - Buying assets is only part of the equation. Amachie discusses how Clay Cove looks for operating leverage within its investments and how improvements at the platform level can drive value acrossthe business.     Learn more about Amachie: Connect with Amachie on LinkedIn: https://www.linkedin.com/in/amachie-ackah-0441842a5/ Clay Cove: https://www.claycovecapital.com/our-team/amachie-ackah     *******************************************   In each episode of The Kirsh Connection, Andrew Kirsh interviews industry leaders to learn  their real-time opinions on today's market, their background and unique career highlights, and guidance for newcomers to the industry.   Don't miss an episode of The Kirsh Connection: • Listen on Apple Podcasts: https://apple.co/3GT1hoM • Listen on Spotify: https://spoti.fi/3OQrd6j • Listen on Anchor: https://podcasters.spotify.com/pod/sh... • Listen on Listen Notes: https://lnns.co/7ICHmPQyXnU   Andrew Kirsh is a founding partner of Sklar Kirsh LLP and is the Chair of the firm’s Real Estate Department. Sklar Kirsh LLP is a boutique law firm providing services in corporate law, real estate, entertainment, bankruptcy, and litigation.   • Connect with Andrew on LinkedIn: https://www.linkedin.com/in/andrewkirsh/ • Connect with Andrew on Twitter: https://x.com/atkirsh • Visit Andrew's business website: https://www.sklarkirsh.com/profession... • Follow Sklar Kirsh LLP on LinkedIn: https://www.linkedin.com/company/sklar-kirsh-llp • Follow Sklar Kirsh LLP on Instagram: https://www.instagram.com/sklarkirsh/?hl=en   The Kirsh Connection is produced and edited by Ashley Thays

  4. Aug 18

    From $200/SF to $800/SF: How Jofa Capital Finds Value Where Others Aren’t Looking w/Jackson Brissette and Brian Novak

    From $200/SF to $800/SF: How Jofa Capital Finds Value Where Others Aren’t Looking featuring Jackson Brissette and Brian Novak   Jackson Brissette and Brian Novak join The Kirsh Connection to break down Jofa Capital’s investment strategy through the lens of their Hawthorne airplane hangar deal. We discuss why they pursue complicated transactions, the importance of maintaining optionality, and how they turned a purchase at under $200 per square foot into a sale at more than $800 per square foot just three years later. We also discuss why finding great deals is harder than finding capital, the advantage of “fishing” where others aren’t, and why mission-critical real estate in the South Bay is benefiting from the growth ofadvanced manufacturing.   We discuss: Going from under $200/SF to over $800/SF in three years -- Jofa Capital gravitates toward complicated deals where there are multiple potential paths to create value. Jackson and Brian explain why optionality is so important to their investment strategy—and how that approach helped turn their Hawthorne acquisition at under $200 per square foot into a sale at more than $800 per square foot just three years later.Fish Where Others Aren’t Fishing -- How do you find attractive opportunities when everyone is chasing the same deals? Jackson and Brian explain Jofa Capital’s philosophy of “fishing in an area of the lake where others are not” and why looking where there is less competition can create an investment advantage.Good Deals Are Harder to Find Than Capital -- There is plenty of capital looking for a home—but far fewer great deals. Jackson and Brian discuss why sourcing compelling opportunities has become harder than raising capital and why the ability to identify the right investment is increasingly valuable.Mission-Critical Real Estate in the Heart of Advanced Manufacturing -- The Hawthorne airplane hangar wasn’t just another industrial property. Jackson and Brian explain why its location in the South Bay—the epicenter of Southern California’s advanced manufacturing and aerospace ecosystem—made the property mission-critical real estate.  Learn more about Jackson and Brian: Connect with Jackson on LinkedIn: linkedin.com/in/jacksonbrissette Connect with Brian on LinkedIn: https://www.linkedin.com/in/brian-novak-821885270/ Jofa Capital: https://www.jofacapital.com/about   *******************************************   In each episode of The Kirsh Connection, Andrew Kirsh interviews industry leaders to learn  their real-time opinions on today's market, their background and unique career highlights, and guidance for newcomers to the industry.   Don't miss an episode of The Kirsh Connection: • Listen on Apple Podcasts: https://apple.co/3GT1hoM • Listen on Spotify: https://spoti.fi/3OQrd6j • Listen on Anchor: https://podcasters.spotify.com/pod/sh... • Listen on Listen Notes: https://lnns.co/7ICHmPQyXnU Andrew Kirsh is a founding partner of Sklar Kirsh LLP and is the Chair of the firm’s Real Estate Department. Sklar Kirsh LLP is a boutique law firm providing services in corporate law, real estate, entertainment, bankruptcy, and litigation.   • Connect with Andrew on LinkedIn: https://www.linkedin.com/in/andrewkirsh/ • Connect with Andrew on Twitter: https://x.com/atkirsh • Visit Andrew's business website: https://www.sklarkirsh.com/profession... • Follow Sklar Kirsh LLP on LinkedIn: https://www.linkedin.com/company/sklar-kirsh-llp • Follow Sklar Kirsh LLP on Instagram: https://www.instagram.com/sklarkirsh/?hl=en   The Kirsh Connection is produced and edited by Ashley Thays

  5. Aug 12

    Contrarian Apartment Investing: Why Advanced Real Estate Is Betting Big on Southern California

    Contrarian Apartment Investing: Why Advanced Real Estate Is Betting Big on Southern California, my conversation with Paul Julian, President of Advanced Real Estate   In this episode, Paul Julian shares why Advanced Real Estatehas built one of Southern California's premier multifamily platforms by taking a long-term, often contrarian approach to investing.   We discuss: Why Advanced Real Estate built its own 50,000-square-foot manufacturing facility to produce HVAC systems, cabinetry, plumbing components, carpentry, and other materials—and how that vertical integration creates a competitive advantage.Why Advanced invests exclusively in Southern California, and why Paul believes the region continues to offer the best long-term fundamentals. Why Paul made a bold $200 million bet on a Class A Hollywood apartment community at a time when many institutional investors were pulling back from Los Angeles.Why higher interest rates create buying opportunities for disciplined, never sell apartment investors rather than reasons to sit on the sidelines. How Advanced's X Fund allows owners of land, single-family homes, smaller apartment buildings and other assets to contribute their properties and ultimately exchange into a diversified institutional-quality multifamily fund.    Learn more about Paul Julian: Connect with Paul on LinkedIn: https://www.linkedin.com/in/paul-julian-0a8467310 Advanced Real Estate: https://www.advancedrealestate.com/who-we-are   *******************************************   In each episode of The Kirsh Connection, Andrew Kirshinterviews industry leaders to learn  their real-time opinions on today's market, their background and unique career highlights, and guidance for newcomers to the industry.   Don't miss an episode of The Kirsh Connection: • Listen on Apple Podcasts: https://apple.co/3GT1hoM • Listen on Spotify: https://spoti.fi/3OQrd6j • Listen on Anchor: https://podcasters.spotify.com/pod/sh... • Listen on Listen Notes: https://lnns.co/7ICHmPQyXnU Andrew Kirsh is a founding partner of Sklar Kirsh LLP and is the Chair of the firm’s Real Estate Department. Sklar Kirsh LLP is a boutique law firm providing services in corporate law, real estate, entertainment, bankruptcy, and litigation.   • Connect with Andrew on LinkedIn: https://www.linkedin.com/in/andrewkirsh/ • Connect with Andrew on Twitter: https://x.com/atkirsh • Visit Andrew's business website: https://www.sklarkirsh.com/profession... • Follow Sklar Kirsh LLP on LinkedIn: https://www.linkedin.com/company/sklar-kirsh-llp • Follow Sklar Kirsh LLP on Instagram: https://www.instagram.com/sklarkirsh/?hl=en   The Kirsh Connection is produced and edited by Ashley Thays

  6. Aug 6

    Building a National Affordable Housing Platform w/Jeffrey Jaeger, Co-Founder of Standard Communities

    Building a National Affordable Housing Platform with Jeffrey Jaeger, Co-Founder of Standard Communities. We discuss: Why affordable housing is the best form of public/private partnership.How Jeff and his partner recognized that, after TARP, the federal government can become their largest customer—and built their business accordingly.Jeff's perspective on Los Angeles' biggest housing challenges, including stagnant wage growth, lack of new housing, and the intersection of homelessness, mental health, and substance abuse.How affordable housing construction costs can exceed market rate costs.  Learn more about Jeffrey Jaeger: Connect with Jeffrey on LinkedIn: https://www.linkedin.com/in/jeffrey-jaeger-bb48b43/ Standard Communities: https://standard-communities.com/about/   *******************************************   In each episode of The Kirsh Connection, Andrew Kirsh interviews industry leaders to learn  their real-time opinions on today's market, their background and unique career highlights, and guidance for newcomers to the industry.   Don't miss an episode of The Kirsh Connection: • Listen on Apple Podcasts: https://apple.co/3GT1hoM • Listen on Spotify: https://spoti.fi/3OQrd6j • Listen on Anchor: https://podcasters.spotify.com/pod/sh... • Listen on Listen Notes: https://lnns.co/7ICHmPQyXnU Andrew Kirsh is a founding partner of Sklar Kirsh LLP and is the Chair of the firm’s Real Estate Department. Sklar Kirsh LLP is a boutique law firm providing services in corporate law, real estate, entertainment, bankruptcy, and litigation.   • Connect with Andrew on LinkedIn: https://www.linkedin.com/in/andrewkirsh/ • Connect with Andrew on Twitter: https://x.com/atkirsh • Visit Andrew's business website: https://www.sklarkirsh.com/profession... • Follow Sklar Kirsh LLP on LinkedIn: https://www.linkedin.com/company/sklar-kirsh-llp • Follow Sklar Kirsh LLP on Instagram: https://www.instagram.com/sklarkirsh/?hl=en   The Kirsh Connection is produced and edited by Ashley Thays

  7. Jul 28

    White-Hot Leasing Market for Advanced Manufacturing with Jacob Bobek, Executive Vice President at CBRE

    Advanced manufacturing is reshaping Southern California's industrial real estate market—and few people have a better view of that transformation than Jacob Bobek, Executive Vice President at CBRE. In this episode of The Kirsh Connection, Jacob and I discuss why the South Bay has emerged as one of the nation's premier hubs for advanced manufacturing, home to nearly 200 innovative companies. We explore the unprecedented demand for industrial space, with some companies seeking facilities exceeding one million square feet, what makes Los Angeles uniquely positioned to lead the next generation of manufacturing, and what must change for the region to reclaim its position as America's premier place to do business. Jacob also shares how he developed the expertise to advise tenants across a broad range of industries in one of the country's most competitive commercial real estate markets.   Episode Highlights Why the South Bay Has Become America's Advanced Manufacturing HubJacob explains why Southern California's South Bay has become a hotbed of innovation, with nearly 200 advanced manufacturing startups driving unprecedented economic growth and transforming the region's industrial real estate market.The Million-Square-Foot Leasing RaceMany advanced manufacturing companies aren't looking for typical industrial space—they're searching for campuses exceeding one million square feet. Jacob discusses what's fueling this extraordinary demand and the challenges of finding facilities that can accommodate it.Can Los Angeles Become the Best Business City Again?Jacob shares why Los Angeles remains one of the most attractive places in the world to live and do business, while offering his perspective on the policy and economic changes needed for the region to regain its competitive edge.Becoming an Expert Across Multiple IndustriesHow do you become a trusted leasing advisor for companies spanning so many different sectors? Jacob discusses the knowledge, preparation, and curiosity required to understand clients' businesses and deliver strategic real estate solutions.  Learn more about Jacob Bobek:    Connect with Jacob on LinkedIn: https://www.linkedin.com/in/bobek/CBRE: https://www.cbre.com/people/jacob-bobek   *******************************************   In each episode of The Kirsh Connection, Andrew Kirsh interviews industry leaders to learn  their real-time opinions on today's market, their background and unique career highlights, and guidance for newcomers to the industry.   Don't miss an episode of The Kirsh Connection: • Listen on Apple Podcasts: https://apple.co/3GT1hoM • Listen on Spotify: https://spoti.fi/3OQrd6j • Listen on Anchor: https://podcasters.spotify.com/pod/sh... • Listen on Listen Notes: https://lnns.co/7ICHmPQyXnU   Andrew Kirsh is a founding partner of Sklar Kirsh LLP and is the Chair of the firm’s Real Estate Department. Sklar Kirsh LLP is a boutique law firm providing services in corporate law, real estate, entertainment, bankruptcy, and litigation.   • Connect with Andrew on LinkedIn: https://www.linkedin.com/in/andrewkirsh/ • Connect with Andrew on Twitter: https://x.com/atkirsh • Visit Andrew's business website: https://www.sklarkirsh.com/profession... • Follow Sklar Kirsh LLP on LinkedIn: https://www.linkedin.com/company/sklar-kirsh-llp • Follow Sklar Kirsh LLP on Instagram: https://www.instagram.com/sklarkirsh/?hl=en   The Kirsh Connection is produced and edited by Ashley Thays

  8. Jul 23

    Buying Distressed Loans: Finding Opportunity Where Others See Risk with Michael Moreno

    Buying Distressed Loans: Finding Opportunity Where Others See Risk with Michael Moreno, Partner at Safe Harbor Capital Partners.  We discuss: How Safe Harbor acquires non-performing loans from banks and works to transform them into performing assets, creating value for both investors and borrowers.How today's distressed debt market compares to the Global Financial Crisis—and why this cycle looks fundamentally different.One of the most important underwriting metrics when evaluating a loan acquisition: the relationship between the purchase price of the loan and the underlying property's value.Why double-digit year-over-year increases in loan defaults are creating new investment opportunities and what they signal for commercial real estate going forward. Learn more about Michael Moreno: Connect with Michael on LinkedIn: https://www.linkedin.com/in/michael-moreno-13485820/ Safe Harbor Capital: https://safeharborcp.com/team/michael-moreno/   *******************************************   In each episode of The Kirsh Connection, Andrew Kirshinterviews industry leaders to learn  their real-time opinions on today's market, their background and unique career highlights, and guidance for newcomers to the industry.   Don't miss an episode of The Kirsh Connection: • Listen on Apple Podcasts: https://apple.co/3GT1hoM • Listen on Spotify: https://spoti.fi/3OQrd6j • Listen on Anchor: https://podcasters.spotify.com/pod/sh... • Listen on Listen Notes: https://lnns.co/7ICHmPQyXnU Andrew Kirsh is a founding partner of Sklar Kirsh LLP and is the Chair of the firm’s Real Estate Department. Sklar Kirsh LLP is a boutique law firm providing services in corporate law, real estate, entertainment, bankruptcy, and litigation.   • Connect with Andrew on LinkedIn: https://www.linkedin.com/in/andrewkirsh/ • Connect with Andrew on Twitter: https://x.com/atkirsh • Visit Andrew's business website: https://www.sklarkirsh.com/profession... • Follow Sklar Kirsh LLP on LinkedIn: https://www.linkedin.com/company/sklar-kirsh-llp • Follow Sklar Kirsh LLP on Instagram: https://www.instagram.com/sklarkirsh/?hl=en   The Kirsh Connection is produced and edited by Ashley Thays

5
out of 5
15 Ratings

About

Welcome to The Kirsh Connection. In each episode, Andrew Kirsh interviews real estate industry leaders. We'll hear their real-time opinions on today's market, their background and unique career highlights, and guidance for newcomers to the industry.

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