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    Business

    The Promote Podcast

    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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    Latest Episodes:
    Evergrande Delusions & Chitty Chetrit Bang Bang Aug 26, 2026
    Show notes

    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 Chetritstan
    Chetrits - Checkmated or playing possum?
    The man from Morocco

    Evergrande delisting marks end of era for China’s property sector
    Chinese authorities accuse Evergrande of inflating revenues by $80bn
    Limit-Up Hotel Kamikazes

    MarineMax to Be Taken Private by Blackstone-Owned Safe Harbor for $1.5 Billion
    Exotic Alts


    CW's Inside Man & Newmark's Weekend at Bernie's Aug 19, 2026
    Show notes

    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/Listening
    GO’s Multifamily AUM Gobbling ™
    Loonie Tunes: Orbach, Gotlib Head to TSX
    A Special Servicer Skirmish
    Newmark’s Data Center Talent Shuffle
    Ain’t No Party Like a Lutnick Party
    Top Brokers Leave Newmark After Suing Firm, Boss
    Howard Lutnick talks bank failures, Newmark’s competitors and more


    Man on Wire: Michael Stern On the Record Aug 17, 2026
    Show notes

    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/Listening
    The Promote: Stern Ambition
    Stern, Soffer Near Record JPM Financing in Brickell
    Michael Stern: the highs and lows of a New York skyscraper king
    Michael Stern’s projects flash signs of distress, but risk-taking developer has come back from crises and chaos before
    Ralph Walker: Architect of the Century
    Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World


    Only Mortals: The Reichmanns, Pt. III Aug 12, 2026
    Show notes

    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 & York
    Towers of Debt: The Rise and Fall of the Reichmanns
    In Britain, A Struggle To Stay Afloat
    The Collapse of a Master Builder
    Margaret Thatcher's Speech Inaugurating Canary Wharf
    Secretive tycoon is key to unlocking gem of a deal
    Building for Eternity, R' Moshe Reichmann Biography


    Apex Predators: The Reichmanns, Pt. II Aug 05, 2026
    Show notes

    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/Listening

    Men of Destiny: The Reichmanns, Pt. I (Start Here)

    The Reichmanns: Family, Faith, Fortune, and the Empire of Olympia & York
    Towers of Debt: The Rise and Fall of the Reichmanns
    Inside CRE’s Deal of the Century
    Canadian Company Becomes a Big City Landlord
    The Bronfmans' Leveraged Leviathan


    Men of Destiny: The Reichmanns, Pt. I Jul 29, 2026
    Show notes

    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 & York
    Towers of Debt: The Rise and Fall of the Reichmanns
    Zeckendorf: The autobiograpy of the man who played a real-life game of Monopoly
    Faith And Fortune
    Letters from Esther #14: What Death Can Teach Us About Life


    Stairway to Heaven & Parkmerced's Odyssey Jul 22, 2026
    Show notes

    This week, it’s time for some California dreamin': We ascend Orange County’s Ziggurat, a stairway to heaven or SoCal’s biggest development clusterfuck, depending on your flavor. The hulking structure and the quest to sell it showcase government incompetence at its most extreme. We then head up to San Francisco, where a whirlwind of fascinating dealmaking has gone down at the city's largest rental complex, Parkmerced – New York-based Yellowstone has just taken over the development portion of the property, ending a long quest by Robert Rosania to hold on.

    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 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.
    3) 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 expert CRE content. Take 10% off annual subscriptions by using this link:



    Mailbag: CRE Mt. Rushmore, Would You Rather & Wildest Tenant Stories Jul 17, 2026
    Show notes

    In our second mailbag episode, co-host Will Krasne tackles your most unhinged CRE questions: self-managing vs. 3rd party, nightmare tenant interactions, his CRE Mt. Rushmore and many more.

    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 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.
    3) 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 expert CRE content. Take 10% off annual subscriptions by using this link: https://www.thepromote.com/upgrade?offer_id=b700858f-21e0-47a2-9695-a93055d3ed15

    Further Reading/Listening

    Showtime: Magic, Kareem, Riley, and the Los Angeles Lakers Dynasty of the 1980s
    Ross takes his talents to [West Palm] Beach
    Unto the Sons: King of Prussia Passes the Crown
    Gary Barnett: The Father of Billionaires' Row


    Skyscraper Triage & Data Center Power Struggle Jul 15, 2026
    Show notes

    This week, we ride up a rickety construction elevator to the 21st floor of the Pfizer Building, where a major scare threatens to consume New York’s signature office-resi conversion project. We do a 360-degree analysis, from the bricks n’ sticks to the financials and the all-important narrative, looking at the stakes for developers Nathan Berman & David Werner, lender Madison Realty Capital and city & state stakeholders. Then, we check in on a battle of hearts and minds in Virginia, where Blackstone has walked away from a data-center megaproject. The behemoth and many of its peers are grappling with a growing national discontent that has to be putting some investment question marks on this emerging asset class. Plus, our Punch List rundown of the newsiest industry happenings: Airbnb's NYC buy; Norges' retail JV'; SF developers walk; Charles Cohen gets off the mat.

    Sponsors:
    1) 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.
    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 LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves!

    Further Reading/Listening

    Aby & Sons
    Charles Cohen revives West Palm office project
    Dead mall back on market: Buyers walk away from distressed sale of San Francisco Centre
    In San Francisco’s hot-again office market, you need a glow-up to succeed


    Anatomy of a Buckle
    Pfizer’s Bitter Pill
    Apartments for Rent in a Former Office, but You Have to Live in Midtown
    Developer of Troubled Midtown High-Rise Had Tried to Avoid the Spotlight

    Blackstone’s QTS Abandons Massive Data Center in Virginia
    Brookfield Bets on AI at Scale Never Tested Before in $50 Billion Push
    Brookfield’s Compass Bails on Massive Virginia Data Center
    AI’s Unlikely Benefactor: Blackstone’s 77-Year-Old CEO Steve Schwarzman
    Jon and Mindy Gray Bet on AI Science Research to Prevent Cancer


    S2pocalypse Now & Pimco's Puppet Master Jul 08, 2026
    Show notes

    This week, we wade into the underbelly of big-ticket restructuring, looking at Pimco’s $1.8B lifeline on its disastrous bet on the Columbia Property Trust office portfolio, and how the lenders that stepped in after the default have set themselves up for a massive payday. The whole journey is a valuable lens into the opportunities available deep in the nethers of the capstack. Next, we have to revisit the saga of S2 Capital's Scott Everett, the GP who’s now declared that his $400M multifamily fund is a total loss– we sensed this was coming, but it still hits. We dive into both the business and reputational aspects of the wipeout. Plus, our Punch List rundown of the newsiest industry happenings: RFR Realty succession; Sergey Brin's NYC rent-stabilized misadventure; Miami condo buyout aces; Kayne Anderson gobbled up.

    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!

    Further Reading/Listening

    Aby & Sons
    Sergey Brin’s Steep Loss Highlights New York Landlords’ Pain
    Kayne Anderson’s New Chief Says Real Estate in ‘Supercycle’ as Unit Is Sold
    The Terminator of Miami

    Reset Basis
    FiDi Telenovela Set For Happy Ending

    S2’s Reit Reckoning
    Great Scott! S2 Wipes Out on $400M Fund


    Previous 1 2 3 4 9 Next

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