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by The Real Deal
In Deconstruct, The Real Deal's reporters and editors explain the most important news in real estate. We follow the money across New York City and beyond to explain how real estate powers the world around us, breaking down policy impacts, industry trends, and important deals to know. This is essential listening for understanding the great, big world of real estate.
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- 1 weeks ago28 min
The Elections That Could Shake Up Real Estate
With the 2026 midterm elections approaching, real estate has a lot on the line. But which races will actually make a difference for developers, landlords and investors? The Real Deal's national managing editor Jerry Sullivan joins Hannah Kramer and Lilah Burke to break down the elections worth watching, from the mayoral showdown between Karen Bass and Nithya Raman in Los Angeles to key races in Texas and a consequential property tax proposal in Florida. They discuss the growing political backlash against data centers, the evolution of the YIMBY movement and why the real estate industry has struggled to flex its political muscle. Plus, a bizarre alleged brawl at Manhattan's ultra-exclusive Aman Club leaves two real estate players banned, South Florida developer Alirio Torrealba faces lawsuits from lenders seeking roughly $81 million, and New York's iconic Plaza Hotel prepares to close for four years.
- 2 weeks ago30 min
The New NYC Retail Boom: Pilates, Pet Spas and Empty Storefronts
New York City's retail market is making a comeback, but not everyone is benefiting. As restaurants, Pilates studios, coffee shops and wellness businesses expand across Manhattan, traditional retailers and mom-and-pop stores are facing an increasingly difficult environment. This week on Deconstruct, hosts Hannah Kramer and Lilah Burke sit down with Michael Miller, a retail broker at TSCG, to discuss the changing landscape of New York retail. They explore which neighborhoods are commanding top rents, why Times Square continues to struggle, how consumer habits are reshaping retail demand and what happens to all those empty banks and pharmacies. Plus, Ryan Serhant's expansion into Chicago is shaking up the city's residential brokerage industry, with agents reporting bruising battles over commissions and listings. The hosts also unpack the latest litigation surrounding Floyd Mayweather's real estate investments and an FBI raid at a Brooklyn residence connected to Bert I. Dweck, who faces civil allegations of escrow fraud. Deconstruct is a weekly real estate news podcast from The Real Deal. Tune in Mondays at 5:00 AM for new episodes.
- 4 weeks ago21 min
The Billionaire Bet on Wynwood
Wynwood was once best known for warehouses, murals and street art. Today, it’s attracting billions of dollars from some of the wealthiest investors in Miami. The Real Deal’s Iman Elshahawi joins Hannah Kramer and Lilah Burke to unpack the neighborhood’s rapid evolution following Ken Griffin’s $1.1 billion purchase of part of the Mana Wynwood portfolio. They discuss the arrival of major office, residential and retail projects; investments tied to Amazon, Adam Neumann and other tech billionaires; and the zoning changes that helped turn Wynwood into one of Miami’s hottest development markets. They also look at what could hold the neighborhood back — including a 36 percent Class A office vacancy rate and some surprisingly significant transportation and infrastructure gaps. Later, Hannah and Lilah examine how New York’s pied-à-terre tax is complicating multimillion-dollar divorces, the latest twists in a New York real estate family dispute, Floyd Mayweather’s dropped lawsuit against Jona Rechnitz and a $47 million arbitration involving Michael Stern, Silverstein and the Brooklyn Tower.
- Sep 28, 202622 min
Can Sunnyside Yard Finally Happen?
Could Sunnyside Yard finally become one of New York City’s next great mega-developments? This week on Deconstruct, The Real Deal’s Lilah Burke and guest co-host Jake Indursky speak with New York Building Congress President and CEO Carlo Scissura about the decades-old dream of building a new neighborhood over the Sunnyside rail yard in Queens. The proposal could create roughly 12,000 homes, but first New York would need to construct a platform over the active rail yard at a cost measured in the tens of billions of dollars. Scissura explains why the engineering may actually be the easy part — and why bringing together the federal government, New York State, City Hall, the MTA, Amtrak, local elected officials and the surrounding community could prove far more complicated. He also discusses lessons from Hudson Yards and Pacific Park, how long a project of this scale could take and why early community involvement matters. Later, Indursky explains the real estate paradox behind Brooklyn and Queens’ so-called “Commie Corridor”: neighborhoods that have produced enormous amounts of private housing while increasingly supporting politicians skeptical of the real estate industry. Plus, the latest on Marty Burger’s return to dealmaking, Mitchell Kossoff’s release from prison and the upcoming sentencing of the Alexander brothers.
- Sep 21, 202623 min
The Rise and Fall of a Multifamily Syndicator
The multifamily syndicator boom promised everyday investors a piece of the real estate gold rush. Then interest rates rose — and some of the biggest players began to unravel. This week on Deconstruct, The Real Deal’s Texas Bureau Chief Jess Hardin joins Hannah Kramer and Lilah Burke to explain the rise and fall of S2 Capital and its founder, Scott Everett. Once one of the fastest-growing private companies in the country, S2 amassed a massive apartment portfolio as Everett became one of the most recognizable figures of the real estate syndication boom. Now, investors have seen equity wiped out, properties have faced foreclosure and S2 has pursued a series of increasingly complicated strategies to keep parts of its portfolio alive. Jess takes us inside the financial fallout — and describes what she found when she visited an S2 apartment complex in Dallas. Plus, Hannah and Lilah discuss the still-unopened Chobani House in Manhattan, the Ritz-Carlton residences coming to Brooklyn Heights, the Trump Organization’s latest international branding deal and the approaching sentencing of the Alexander brothers.
- Sep 14, 202626 min
Why NYC’s Aging Apartment Buildings Aren’t Getting Fixed
This week on Deconstruct, The Real Deal columnist Erik Engquist joins Hannah Kramer and Lilah Burke to explain why renovating New York City’s aging apartment buildings has become increasingly difficult. Engquist breaks down the complicated web of rules surrounding substantial rehabilitation, rent stabilization, good cause eviction and demolition — and why he argues that current housing policy can leave owners with little incentive to undertake major renovations. What happens when aging buildings need substantial investment, but the economics of fixing them no longer pencil out? Plus, Hannah and Lilah dig into one of Miami’s biggest potential real estate deals: Citadel founder Ken Griffin is rumored to be pursuing Moishe Mana’s roughly 30-acre Wynwood portfolio for between $700 million and $1 billion, potentially setting the stage for a massive tech and AI campus. Also this week: Charles Cohen plots a South Florida comeback, Hackman Capital loses the $160 million Sony campus in Culver City, and the hosts look back at the real estate industry’s stories from September 11.
- Aug 31, 202629 min
Inside New York’s $150K-a-Month Rental Market
New York’s luxury rental market is reaching astonishing new heights. SERHANT broker Peter Zaitzeff joins Deconstruct to explain who is paying as much as $150,000 a month for homes in Brooklyn and Manhattan, why tech and finance wealth is fueling demand, and how the city’s severe inventory shortage could push rents even higher. Zaitzeff also argues that the luxury market does not exist in isolation: Record-breaking deals at the top can influence asking rents across the city, making an already expensive housing market even less affordable. Later in the episode, hosts Hannah Kramer and Lilah Burke examine dramatic new depositions from developers Meyer and Joseph Chetrit, who are facing more than $160 million in personal judgments. The testimony depicts a real estate empire that has run out of money — although lenders may question whether the brothers are overstating their financial distress. Plus, Florida considers a proposal that could eventually eliminate property taxes for homesteaded homes, and former New York governor Eliot Spitzer gets approval to advance his Fifth Avenue condo project after suing the state.
- Aug 24, 202622 min
The Real Estate Behind the Data Center Boom
Data centers have quickly become one of commercial real estate’s hottest — and most capital-intensive — asset classes. This week, Hannah Kramer and Lilah Burke talk with Colliers data center expert Raul Saavedra about what’s driving the boom, how AI has accelerated demand and why the scale of new projects is creating major challenges around power, financing and community opposition. Saavedra takes us inside the increasingly complicated process of getting a data center deal done, as campuses grow from tens of megawatts to hundreds and project costs climb from millions into the billions. Then, Hannah and Lilah dig into some of the biggest real estate stories of the week: Compass’ push to pull listings from StreetEasy and embrace private marketing, S2 Capital founder Scott Everett’s latest effort to keep his multifamily empire alive, and the transformation of Hollywood real estate as studios, landlords and developers chase the $70 billion creator economy.
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About Deconstruct
In Deconstruct, The Real Deal's reporters and editors explain the most important news in real estate. We follow the money across New York City and beyond to explain how real estate powers the world around us, breaking down policy impacts, industry trends, and important deals to know. This is essential listening for understanding the great, big world of real estate.
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