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    Business

    Retail Retold

    The Retail Retold Podcast highlights community retailer stories from across the country and gives a behind-the-scenes perspective from business leaders in both retail and real estate industries. The show’s episodes contain valuable insights that help solve the needs of entrepreneurs and real estate pros.

    Each week our guests share stories of what worked, what didn’t, the ups and downs – giving the audience a critical set of tools needed for business success. Join host Chris Ressa and new guests weekly for amazing insights and thought-provoking stories. Brought to you by DLC Management Corp.

    Advertise

    Copyright: © DLC Management Corp.

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    Latest Episodes:
    The Pregame Show for Retail Real Estate’s Super Bowl May 17, 2026
    Show notes

    From the SiriusXM Studio at Wynn: Retail’s Next Big Move

    Broadcast live from the SiriusXM Studios at the Wynn Las Vegas and kicking off ICSC Las Vegas, Retail Retold stepped onto one of the biggest stages in the industry for a special conversation between Chris Ressa and DLC Founder and CEO Adam Ifshin. As Adam put it during the recording: “What is more fitting for Retail Retold to be the pregame show for the Super Bowl of retail real estate?”

    The episode captures the energy, optimism, and momentum surrounding retail real estate as thousands of industry leaders gather in Las Vegas for the year’s most important dealmaking event.

    Chris and Adam dive into DLC’s newly released thought leadership campaign, The Rent Is Next, and unpack why retail fundamentals may be stronger today than at any point in the last 35 years. Adam explains why years of underbuilding, limited available space, and stronger retailer performance are creating mounting pressure on rents across the country. He also shares why he believes retail cap rates still have room to compress as more institutional and foreign capital rotates back into the sector.

    The conversation moves beyond market fundamentals into the future of the business itself, from the evolving role of operators to the growing importance of redevelopment, densification, and platform-driven value creation. Adam also gives his perspective on artificial intelligence, why AI will accelerate productivity rather than eliminate opportunity, and how the best operators will use technology to scale smarter and faster.

    The episode closes with a rapid-fire discussion on mixed-use development, capital markets, the next generation entering the industry, and DLC’s long-term vision to become one of the largest owner-operators of open-air retail in America.

    What You’ll Hear

    • Why Adam Ifshin calls ICSC Las Vegas the “Super Bowl of retail real estate” and why Retail Retold belonged in the SiriusXM Studios at Wynn
    • The story behind DLC’s newest thought leadership campaign: The Rent Is Next
    • Why retail rents may finally be entering a major growth cycle after decades of stagnation
    • How limited new development is reshaping the future of open-air retail
    • Adam’s outlook on cap rates, institutional capital, and why investors are rotating back into retail
    • Why the “age of the operator” is real — and what separates great operators from everyone else
    • How DLC evolved beyond ownership into construction, architecture, and platform-driven services
    • Adam’s take on AI, productivity, and why leadership matters more than technology itself
    • Rapid-fire predictions on mixed-use, foreign capital, retail jobs, AI, and the future of CRE
    • DLC’s vision to become one of the largest owner-operators of open-air retail in America

    Chapters

    00:00 – Live from the SiriusXM Studios at Wynn Las Vegas

    Chris and Adam set the stage from ICSC Las Vegas and discuss why this feels like the “pregame show for the Super Bowl of retail real estate.”

    01:35 – Adam Ifshin’s origin story

    From starting a business in his college dorm room to launching DLC during the savings and loan crisis.

    07:45 – “The Rent Is Next”

    Why retail fundamentals are stronger than they’ve been in decades — and why rents are finally moving.

    12:45 – Cap rates, capital flows and investor sentiment

    Why retail real estate is no longer sitting in the industry’s “penalty box.”

    16:15 – The next risk facing retail real estate

    Adam breaks down inflation, geopolitical uncertainty and the long-term risk of overbuilding.

    19:10 – What separates great operators today

    Why the best teams are adapting differently in today’s retail environment.

    22:50 – AI and the future of commercial real estate

    Adam shares why AI is a productivity accelerator — not a replacement for people.

    28:15 – Real or hype? Rapid fire

    Mixed-use, foreign capital, cap rates, AI, retail jobs and more.

    34:30 – What DLC believed before others did

    Adam explains why low rents became one of DLC’s greatest competitive advantages.

    37:00 – Lessons learned and playing offense

    How DLC scaled aggressively coming out of the pandemic.

    38:30 – Why DLC expanded into construction and architecture

    The strategy behind Renovo and NWS — and how the platform continues evolving.

    43:30 – The future of DLC

    Adam shares his vision for the next decade of growth across DLC, Renovo and NWS.


    Can AI Negotiate a Lease? May 14, 2026
    Show notes

    Retail leasing could be entering a completely different era of speed.

    Anyone who has worked on retail leases knows the process can feel endless.

    Versions flying back and forth.

    Redlines buried in email chains.

    Hours spent drafting language that’s been negotiated a hundred times before.

    And somehow, despite all the technology in the world, a huge part of the leasing process still feels manual.

    David Saltman came back on the podcast to talk about why that’s finally starting to change.

    As CEO of LeasePilot, David has spent years focused on one of the least glamorous but most important parts of retail real estate operations: getting leases done faster, cleaner, and with less friction. What started as an automation platform is now evolving alongside AI, and the conversation gets into where the industry may actually be headed next.

    Not hypothetically.

    Practically.

    Chris and David discuss the real operational pain points behind lease negotiations, why institutional knowledge trapped in PDFs and inboxes slows companies down, and how AI could eventually help legal teams, landlords, and retailers make smarter decisions before mistakes happen.

    The bigger takeaway is that retail real estate may be entering a new operational era.

    For decades, leasing teams accepted delays, repetitive drafting, and fragmented information as part of the business. But once companies begin organizing lease data intelligently and automating repetitive work, the speed of decision-making changes.

    And in this business, speed matters.

    This conversation isn’t really about replacing people. It’s about removing friction from one of the most frustrating processes in commercial real estate.

    What You’ll Hear

    • Why AI alone won’t fix broken leasing workflows
    • How lease negotiations could become largely automated
    • The operational cost of slow lease drafting
    • Why retailers are adopting legal automation faster now
    • What happens when lease data becomes actionable intelligence?

    Chapters

    00:01 — Meet David Saltman

    David introduces LeasePilot and explains how the platform approaches lease automation.

    01:05 — How lease automation actually works

    A breakdown of the legal logic, workflows, and operational structure behind LeasePilot’s system.

    03:10 — Automation vs. AI

    David explains why LeasePilot historically focused on automation; and why AI is changing the conversation.

    06:04 — The rise of the “intelligence layer”

    How AI could help identify lease conflicts, exclusives, co-tenancy risks, and negotiation issues in real time.

    07:48 — Will LeasePilot become an AI company?

    A candid discussion about where AI fits into the future of leasing technology.

    09:30 — Beyond leases

    Why contract automation is expanding into amendments, estoppels, SNDAs, and other real estate documents.

    12:16 — The time savings are real

    How lease drafting timelines are shrinking from hours to minutes; and why speed changes negotiations.

    14:04 — Why tenants are adopting LeasePilot

    David explains the growing demand from retailers and tenant-side legal teams.

    18:08 — The AI pressure facing every proptech company

    Chris challenges David on whether non-AI software can still compete in today’s market.

    20:17 — What AI is already doing inside LeasePilot

    From LOI extraction to automated abstracts, David shares what’s already live today.

    21:26 — The future of AI lease negotiations

    Chris and David explore the possibility of AI-driven negotiation strategy and autonomous dealmaking.

    25:10 — The untapped value hidden in leasing data

    Why the next major opportunity may be using lease intelligence to improve tenant mix and center performance.

    26:00 — Final thoughts and where to find LeasePilot

    David shares why simplifying leasing workflows still matters, even in an AI-driven future.


    AI is Coming for Retail Operations Faster Than You Think May 07, 2026
    Show notes

    What does an AI-powered retail organization actually look like?

    Retail real estate has spent decades trying to optimize speed, scale, and execution. Now AI is forcing the industry to rethink all three.

    Surfaice Pro is taking this to a different level using mission-critical systems engineering to solve for issues along the store lifecycle, from leasing, through construction, and real estate. Joe Valeri, and Alim Uderbekov, co-founders of Surfaice.pro explain to Chris Ressa where AI is actually gaining traction inside retail organizations and why the operational side of retail may be changing faster than most people realize.

    Moving beyond AI buzzwords, Joe and Alim are speaking the language of retailers and using practical applications to make the case that the next major competitive advantage in retail won’t just come from merchandising or location strategy. It’ll come from operational speed. The retailers opening stores faster, spotting risks earlier, and making smarter portfolio decisions in real time will separate themselves from the rest of the market.

    The discussion also gets into the uncomfortable realities surrounding AI adoption: fear inside organizations, skepticism from operators, software fatigue, and the growing pressure executives feel to “do something” with AI before competitors move ahead.

    One thing becomes clear throughout the conversation: AI in retail is no longer theoretical. The question now is who adopts it early enough to benefit from it and who waits too long.

    What You’ll Hear

    • Why AI adoption in retail is moving faster than most people realize
    • How retailers are cutting manual work out of lease administration
    • The difference between generic AI tools and retail-specific systems
    • Why speed is becoming a competitive advantage in store development
    • How AI can identify project delays before they happen
    • The real conversation retailers are having internally about AI and jobs

    Chapters

    00:01 — Meet the co-founders of Surfaice.pro

    Joe Valeri and Alim Uderbekov explain how they’re building AI for the full store lifecycle.

    02:48 — Why retail became the perfect AI battleground

    Why the speed and scale of store development made retail an ideal fit for AI adoption.

    04:27 — The data retailers are sitting on

    How leases, contracts, and construction documents are becoming operational intelligence.

    05:51 — From site selection to store closeout

    Breaking down what “store lifecycle management” really means.

    07:01 — The three things every retailer wants

    Speed, risk reduction, and smarter operational decision-making.

    10:31 — AI overload is already here

    Chris challenges the flood of AI tools entering the industry.

    16:35 — Retail’s AI tipping point

    How close the industry may be to large-scale adoption.

    20:25 — Why adoption is harder than it sounds

    The internal hesitation, budget conversations, and fear surrounding AI.

    23:56 — The fear factor nobody wants to talk about

    How companies are thinking about jobs, efficiency, and operational change.

    25:37 — Inside Surfaice.pro’s real-world rollout

    How JD Sports is already using AI to streamline operations.

    29:54 — Why generic AI won’t cut it

    The difference between broad AI tools and retail-specific systems.

    35:30 — What AI could unlock for retail

    A bigger conversation around creativity, efficiency, and operational scale.

    37:40 — The cost of standing still

    Why waiting too long on AI may become a competitive risk.


    Show Me the Deals: What’s Ahead for ICSC Las Vegas Apr 30, 2026
    Show notes

    As ICSC Las Vegas approaches, one theme is expected to rise above the rest: dealmaking.

    On the surface, the story looks simple. Retail fundamentals remain strong. Vacancy is near historic lows. Construction costs continue to limit new supply. Capital is returning to the sector.

    But beneath that headline, the real conversation begins.

    Demand is building from every direction. Buyers have capital to deploy. Retailers want to grow. Owners with strong-performing assets know what they hold. That dynamic is set to shape conversations across the convention floor, inside booths, and behind closed doors throughout ICSC Las Vegas.

    Chris Ressa and Karly Iacono explore how underwriting has evolved. In prior cycles, many deals leaned on cap rate compression and favorable financing. Today, value creation is increasingly tied to rent growth, leasing strategy, traffic, tenant performance, and net operating income.

    Chris calls it a return to the age of the operator, where execution matters more than financial engineering.

    While headlines may focus on rates, politics, or broader uncertainty, sentiment inside retail real estate remains constructive. Investors want to buy. Retailers want to expand. Operators are looking to create value.

    The question heading into Las Vegas is simple:

    Where are the deals?

    What You’ll Hear

    • Why strong fundamentals are creating more competition, not more deals
    • How the shift back to fundamentals is changing how deals get done
    • Why execution is replacing financial engineering as the driver of value
    • How retailers are approaching growth with more discipline
    • Where AI fits into the conversation and why it’s still early
    • What’s really driving sentiment heading into ICSC

    Chapters

    00:07 – setting the stage for ICSC Las Vegas

    Framing the biggest themes expected to drive conversations in Las Vegas

    02:00 – strong fundamentals, limited supply

    Why low vacancy and high demand are creating a supply crunch

    03:47 – capital is building, pressure is rising

    Increased allocations to retail and the challenge of finding deals

    05:14 – why retail is still winning

    Comparing retail to other asset classes and where it stands today

    06:40 – the bid ask gap

    Why buyers and sellers are still not fully aligned on pricing

    08:04 – underwriting is changing

    The shift away from cap rate compression and financial engineering

    10:03 – the return of the operator

    Why execution and fundamentals are back at the center

    12:17 – how retailers are thinking about growth

    Disciplined expansion and smarter decision making

    13:13 – geopolitical noise vs real impact

    Why macro headlines are not driving decision making

    17:19 – AI enters the conversation

    Where AI is showing up and where it is still early

    23:41 – what will actually dominate ICSC Las Vegas

    Why it all comes back to dealmaking


    Retail Leasing in Focus: Trends, Talent, and What’s Ahead Apr 23, 2026
    Show notes

    Insights into evolving market conditions

    Retail real estate isn’t defined by one trend right now.

    It’s being shaped by a mix of forces all hitting at once.

    Two of CBRE’s top retail leaders, Laura Barr and Scott Schnuckel, join Chris Ressa to dive into what’s actually happening across the industry, from leasing and retailer behavior to talent, data, and the broader market environment.

    These are the questions shaping commercial real estate right now.

    What’s driving today’s leasing activity. Why space is tighter than it looks. How retailers are thinking about growth and market share. And what’s changing in how they expect to be supported.

    There’s also a deeper look at what’s happening behind the scenes.

    Smaller teams doing more. A talent pipeline that hasn’t fully recovered. And the growing role of data and technology, including how AI is beginning to shape decision making across the industry.

    At the same time, the fundamentals of the sector are holding up.

    Capital is still flowing. Demand is still there. And retail continues to position itself differently compared to other asset classes.

    But that doesn’t mean things are simple.

    This is a wide ranging conversation about where the industry stands today and what could shape where it goes next.

    What You’ll Hear

    • Why retailers are fighting hard to protect market share
    • How new uses are keeping shopping centers vibrant
    • What’s really driving leasing activity right now
    • Why space is tighter than it looks
    • The growing talent gap across the industry
    • How AI and automation could reshape retail costs

    Chapters

    00:01 – Inside CBRE’s Retail Leasing Leadership

    How Laura Barr and Scott Schnuckel are shaping retail leasing at scale.

    02:18 – Moving Beyond Transactional Brokerage

    Why the industry is pushing toward true advisory.

    04:15 – What Retailers Expect Now

    How data and strategy are changing the game.

    08:22 – What Transformation Really Looks Like

    From talent to execution, what actually drives change.

    15:40 – The Shift in Store Openings and Closures

    Why both are down—and what it means.

    19:08 – The Fight for Market Share

    Why retailers aren’t giving up top-line revenue.

    24:27 – The Talent Gap in Retail Real Estate

    A workforce challenge that’s not going away.

    26:43 – Why Capital Is Flowing Back to Retail

    What’s making the sector investable again.

    30:16 – The New Shopping Center Model

    How tenant mix is redefining retail.

    32:41 – Where the Pressure Builds

    Costs, competition, and the need to adapt.

    37:00 – AI and the Future of Retail Operations

    How automation could reshape the industry.

    42:28 – Why Data Is the Real Advantage

    The shift from tools to actionable insights.

    43:41 – Rapid Fire: Retail Favorites and Nostalgia

    Extinct brands, recent buys, and shopping habits.


    No Space, No Problem: Building When the Map Looks Full Apr 16, 2026
    Show notes

    A disciplined pipeline and strategic site selection approach are enabling growth despite limited supply

    Retail real estate didn’t change as much as people thought. The fundamentals never left. What changed is how precisely you have to execute them.

    Jim Lampassi, Senior Vice President of Real Estate & Construction at Academy Sports + Outdoors, has spent 45 years in site selection and development, helping build brands across Marshalls, Petco, and now one of the fastest-growing sporting goods retailers in the country. Today, Academy has grown to a wide network of 300+ stores across 21 states, with a clear path for continued expansion.

    What stands out isn’t just the scale. It’s the discipline behind how that growth happens.

    This market is defined by constraint. High occupancy. Limited new development. Fewer deals to chase. That pressure is forcing better decision-making. For Academy, growth isn’t about finding opportunities. It’s about building them. That means creating a pipeline larger than the goal, leaning into relationships with boutique developers, and being willing to do deals that require more effort to get across the finish line.

    There’s also a shift that’s no longer up for debate.

    E-commerce didn’t replace stores. It made them more important. Physical locations drive awareness, influence customer behavior, and increase digital demand. When stores close, online sales don’t fill the gap. They drop. The strongest retailers understand the connection and build around it.

    At the center of it all is a simple idea. Value wins.

    In an inflationary environment, customers are more selective. Retailers that consistently deliver accessible price points without sacrificing quality are the ones that keep traffic and loyalty. It’s not a trend. It’s a requirement.

    For owners and operators, the takeaway is clear. The easy deals are gone. Growth now depends on discipline, relationships, and long-term thinking.

    This isn’t about finding space. It’s about earning it.

    What You’ll Hear

    • Why retail fundamentals still matter after 45 years
    • How Academy Sports is growing in a high-occupancy market
    • Why building a bigger pipeline is critical to hitting targets
    • How boutique developers are unlocking new deals
    • Why retailers are creating sites instead of finding them
    • How stores are driving e-commerce, not competing with it
    • Why value remains core to Academy’s strategy
    • How retail real estate creates jobs at scale
    • Why industry relationships still drive opportunity
    • What it takes to expand with discipline today

    Chapters

    00:01 – Jim Lampassi’s 45-Year Retail Journey

    A 45-year career across major retail brands and what shaped it.

    02:27 – Why Retail Fundamentals Still Hold

    The fundamentals that still determine whether a deal works.

    03:03 – Inside Academy’s Expansion Story

    From tire shop to 300+ stores and expanding footprint.

    04:21 – Why Value Drives Retail Success

    How pricing strategy defines long-term success.

    05:40 – Retail as a Job Creation Engine

    Retail as a job creation engine across industries.

    08:16 – The Role of Industry Relationships

    Why being active in ICSC changes careers and outcomes.

    10:27 – Retail’s High-Occupancy Reality

    95% occupancy and what it means for landlords and tenants.

    12:12 – Finding Deals in a Constrained Market

    Boutique developers, incentives, and building your own pipeline.

    15:09 – Developing the Next Generation

    How the next generation is entering the industry.

    18:02 – Rethinking Real Estate Team Structure

    In-house vs. brokers and what actually works.

    20:06 – Why Stores Still Drive Demand

    Why physical retail is still driving digital demand.

    22:31 – Building Marshalls in Puerto Rico

    Opening 11 stores in one day and what it took to get there.

    26:56 – Academy’s Disciplined Growth Plan

    White space, expansion plans, and long-term positioning.

    29:14 – The Future of Retail Supply

    Why retail supply constraints may stick longer than expected.


    Açai You Later, Status Quo: Building a Brand That's Actually Authentic Apr 09, 2026
    Show notes

    A disciplined approach to product, experience, and real estate is fueling a fast-growing food and beverage concept

    Palmetto Superfoods didn’t grow by chasing trends. It grew by challenging them.

    Hessam Shirmohammadi, co-founder and COO, built the brand around a simple idea: if the product is real and the experience is intentional, customers don’t just visit, they come back daily. What started in San Francisco in 2019 is now a fast-scaling concept with 18+ locations, expanding across California and into Texas, with a clear path toward national growth.

    The differentiator isn’t just açaí. It’s how Palmetto thinks about retail.

    Instead of treating real estate as a necessity, they treat it as a strategic lever. Location isn’t just about traffic, it’s about community alignment. College markets, fitness-driven consumers, and dense residential pockets consistently outperform because they reinforce habitual use.

    At the same time, Palmetto is leaning into a model that most brands avoid: no two stores look the same. While others scale through uniformity, they scale through experience, keeping operations consistent but making each space feel unique. It’s harder to execute, but it builds stronger brand connection.

    There’s also a bigger play unfolding.

    Palmetto isn’t positioning itself as just a food and beverage operator. With CPG products in development and a long-term goal of going public, the brand is building toward a lifestyle platform that extends beyond four walls.

    For retail real estate owners and operators, the takeaway is clear: food and beverage isn’t just filling space anymore, it’s becoming the draw. And the concepts winning today are the ones creating repeat behavior, not one-time visits.

    This isn’t about smoothies. It’s about building a brand that people integrate into their daily lives.

    What You’ll Hear

    • Why food and beverage is becoming the new anchor in retail
    • How repeat behavior drives real growth
    • Why location strategy is about community, not just traffic
    • How college markets consistently outperform
    • Why second-generation space accelerates expansion
    • Why experience matters more than efficiency
    • How strong brands build daily habits, not one-time visits
    • Where AI actually improves operations

    Chapters

    00:02 – Introduction and background

    Hessam shares his upbringing, early career, and path into entrepreneurship.

    04:31 – What is Palmetto Superfoods

    Breaking down the concept, product differentiation, and early growth.

    05:26 – Scaling the brand

    From one location to 18+, including expansion into new markets.

    06:35 – Long-term vision

    Plans for national growth, CPG, and building a lifestyle brand.

    08:05 – Unit economics and real estate strategy

    How store size, location, and performance vary across markets.

    09:30 – Origin story

    How a Brazilian café and authentic açaí sparked the concept.

    13:05 – Day-to-day as COO

    What leadership looks like in a fast-scaling brand.

    15:02 – Using AI and systems

    How technology is improving efficiency and decision-making.

    16:34 – choosing Sacramento (UV)

    Why college markets and demand signals drove site selection.

    21:37 – Site selection strategy

    Why second-generation spaces are a key growth lever.

    23:14 – Differentiation in retail

    Why every store is intentionally designed to feel different.

    26:16 – Nostalgia and retail

    A conversation on extinct retailers and emotional connection to brands.


    Building the Next Generation of a Family Business Apr 02, 2026
    Show notes

    A different background, and a different lens on retail real estate

    Careers aren’t linear. And the best ones usually evolve.

    Anya Wolf didn’t start in retail real estate. Her background was in art, including studio work, art history, and hands-on experience in galleries and education. She was fully immersed in a creative path and exploring what that future could look like.

    But over time, she gained clarity.

    The path forward in the art world is long and highly specialized. Then a loss within her family brought everything into focus. It created urgency and a new perspective on the business side of things. That combination led her to make a decision: step into DLC and understand the investments and platform she had grown up around.

    What followed wasn’t a fast track.

    She started in a traditional due diligence role. Managing files, answering questions, and supporting transactions. A typical entry point, but one that gave her real exposure to how deals actually get done and how properties are evaluated.

    That foundation mattered.

    It built a practical understanding of the business, especially around tenant behavior. One of the biggest takeaways is that retail decisions aren’t driven by what consumers want, they’re driven by economics. Rents, incentives, and demographics dictate outcomes, even when demand exists elsewhere.

    Now, her focus is evolving again.

    After building a strong internal foundation, she’s shifting outward, developing relationships, expanding her network, and bringing new perspectives back into the organization.

    Retail remains strong, but interest rate volatility and broader uncertainty are creating friction. Historically, that’s where opportunity shows up.

    And for the next generation inside a family business, that matters.

    Because this isn’t just about maintaining what was built. It’s about understanding it, evolving it, and ultimately creating your own lane within it.

    What You’ll Hear

    • Why nontraditional career paths can lead to stronger long-term growth
    • How starting in due diligence builds a real understanding of the business
    • Why retail decisions are driven by economics, not consumer demand
    • How tenants actually evaluate locations and choose markets
    • Why asking questions accelerates growth faster than pretending you know
    • How to build your own identity inside a family business
    • Where the next generation creates value inside an existing platform

    Chapters

    00:02 – Introduction to Anya Wolf

    Background, role at DLC, and how she got here

    01:14 – From art to real estate

    Starting in art and realizing the limitations of that path

    03:24 – The turning point

    Family dynamics and the decision to enter the business

    09:34 – First role at DLC

    What due diligence actually looks like day-to-day

    10:48 – Learning the business from scratch

    How real estate really works behind the scenes

    14:50 – Accelerating growth early on

    The power of asking questions and not pretending

    18:36 – Shifting from internal to external growth

    Why building a network is the next phase

    20:19 – State of the retail market

    Strength, disruption, and interest rate pressure

    25:16 – Building your own identity

    Navigating a family business and carving your own lane

    29:28 – Rapid fire

    Skills, retail nostalgia, and real-life habits


    16 Host Cities and a Major Retail Opportunity Mar 26, 2026
    Show notes

    What if the biggest World Cup winners aren’t the teams?

    The next major tailwind for retail real estate isn’t coming from policy, rates, or supply it’s coming from global demand.

    The World Cup is set to drive one of the largest concentrated waves of consumer activity the U.S. has seen in years. But this isn’t just about packed stadiums. It’s about what happens around them and long after.

    We’re looking at more than a million visitors, many of whom wouldn’t have come to the U.S. otherwise. That means new dollars flowing into restaurants, retail corridors, hotels, and local businesses across 16 host markets. And unlike typical tourism cycles, this demand is compressed, intense, and highly visible.

    Chris Ressa and Karly Iacono break down what this really means for cities, operators, and investors.

    But the real opportunity isn’t just the short-term spike.

    Major global events historically reshape markets. Cities invest in infrastructure, improve accessibility, and elevate their global profile. That exposure doesn’t disappear when the games end it attracts future tourism, business investment, and population growth. We’ve seen it with the Olympics. There’s no reason to believe this plays out differently.

    There’s also a behavioral shift happening at the local level. Consumers are finding new places, trying new operators, and forming new habits. A great experience during a high-energy moment can turn into long-term customer loyalty.

    Not every benefit will be evenly distributed. Some markets will see concentrated gains, others more diffuse impact depending on geography, walkability, and where people stay versus where they play.

    But zoom out and the signal is clear:

    More people. More spending. More reasons to engage with physical retail.

    For operators and investors paying attention, this isn’t just a moment it’s a setup.

    What You’ll Hear

    • Why the World Cup is a major driver of retail spending
    • How international tourism fuels local retail markets
    • Where the impact goes beyond stadiums and game day
    • Why infrastructure investment creates long-term value
    • How global events reshape cities over time
    • Why consumer behavior shifts matter for operators
    • How impact varies across different host cities
    • Where spending actually lands within each market
    • What determines short-term vs. long-term gains
    • Why this is a meaningful tailwind for retail real estate

    Chapters

    00:04 — setting the stage

    Opening the conversation and framing the scale of the opportunity

    01:27 — why this event is different

    Comparing global events and the magnitude of the World Cup

    02:51 — the tourism surge

    Breaking down international visitors and incremental demand

    03:49 — spending beyond the stadium

    How consumer behavior expands retail impact

    05:12 — where the real opportunity is

    Moving beyond food and merch into broader retail effects

    06:34 — infrastructure and long-term value

    Why cities invest—and why it matters after the event

    09:16 — the economic numbers

    Billions in projected output and what that signals

    10:17 — from one-time visit to repeat customer

    How events create long-term retail loyalty

    12:59 — which markets benefit most?

    Debating winners across the 16 host cities

    18:57 — what could go wrong?

    Pressure-testing assumptions and downside scenarios

    20:17 — where does the money actually land?

    Understanding geographic dispersion of spending

    23:46 — final takeaway

    Why the overall impact is overwhelmingly positive


    Reputation, Risk, and Reality in Today’s Hiring Market Mar 19, 2026
    Show notes

    Are you solving the problem, or just applying?

    How people get hired and what companies actually value is shifting fast.

    Cary Beale, one of the most active recruiters in retail real estate at Poline Search Partners, sees the disconnect every day. Companies want people in the office. Candidates want flexibility. Everyone says they want the “best talent,” but the definition of that talent isn’t aligned.

    That tension is reshaping hiring outcomes across the industry.

    This conversation goes beyond surface-level career advice and gets into what actually moves the needle when decisions are being made. Reputation still compounds, and early habits follow you longer than people think. Job hopping still raises red flags, not just about loyalty, but about decision-making. And communication remains one of the most underrated differentiators in a crowded candidate pool.

    There’s also a clear message on what doesn’t work: generic answers, safe positioning, and trying to be who you think a company wants. That approach blends in, and blending in is the fastest way to get overlooked.

    Instead, the candidates who stand out are the ones who understand the real problem behind the role and position themselves as the solution. They do the extra work. They show initiative before they’re asked. And they create moments that are memorable, not just “better,” but different.

    AI is starting to enter the conversation, but it hasn’t replaced the fundamentals. Hiring is still human. Judgment still matters. And the gap between average and exceptional candidates is still wide.

    If you’re hiring, this sharpens how to evaluate talent. If you’re interviewing, it’s a reminder that small decisions, how you show up, how you communicate, how you differentiate, have outsized impact.

    Because in a competitive market, being qualified isn’t enough. Being remembered is.

    What You’ll Hear

    1. Why the office vs. remote divide is slowing hiring
    2. How reputation and job movement shape long-term outcomes
    3. Why communication and clarity make or break candidates
    4. How to position yourself as the solution, not just an applicant
    5. What actually separates candidates who get offers
    6. Where AI is starting to impact hiring

    Chapters

    00:01 — Cary Beale’s path from operator to recruiter

    From owning a restaurant to leading recruiting in retail real estate.

    03:07 — Shifting from deals to talent placement

    How industry experience translates into recruiting success.

    04:08 — Inside the recruiting business

    What roles are in demand and how many placements actually happen.

    04:48 — The remote vs. office disconnect

    Why companies and candidates are fundamentally misaligned.

    06:26 — Why early careers need the office

    The long-term disadvantage of skipping in-person experience.

    08:50 — AI and hiring: real impact or hype?

    Where AI is entering the conversation — and where it isn’t.

    10:34 — Tip #1: reputation compounds

    Why early career behavior follows you longer than expected.

    11:43 — Job hopping and decision-making risk

    What frequent moves signal to employers.

    14:02 — Tip #2: communicate clearly

    Why most candidates fail to define what they actually do.

    18:47 — Tip #3: be authentic

    Why trying to fit the mold can cost you the job.

    20:55 — Tip #4: solve the problem

    How to position yourself as the answer companies need.

    22:28 — Tip #5: be different

    Why standing out matters more than being slightly better.


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