The Real Estate Espresso Podcast

On today’s show we are looking at the result of a lawsuit that has been decades in the making. I’ve wondered for a long time why real estate commissions in the US have remained solidly anchored at 6% when in other markets real estate commissions seem to fluctuate much more widely. For example, where I live in Canada, it’s much more common in high priced markets like Toronto to see commission struc...

Bob Knakal is a senior executive at JLL in New York City. On today's show we are talking about some of the challenges facing real estate in the New York market. JLL is a large national commercial brokerage and the New York team is truly expert at what they do. You can connect with Bob at bob.knakal@jll.com -------------- Host: Victor Menasce email: podcast@victorjm.com

Chris Larsen is based in Asheville, North Carolina where he runs Next Level Income. On today's show we are talking about economic super-cycles. You can learn more or you can connect with Chris at nextlevelincome.com. -------------------- Host: Victor Menasce email: podcast@victorjm.com

On today’s show we are talking about measurement diligence.  People are human and they make mistakes. Often these potential mistakes are not checked, double checked or triple checked. You have no doubt heard the mantra, measure twice, cut once.  Measuring sounds easy. In some ways it is. You take out your tape measure and you just measure. Diligence requires attention to detail.  Those who make a...

Happy Thanksgiving to our listeners in the United States. We have lots to be thankful for. I’m personally thankful for a long list of things. I’m thankful for my health, for my family, for having the privilege of working with great people. I’m grateful for friendship and for you the listener to the podcast. I love listener questions.  On today show, we are looking at several leading indicators tha...

There is a new law which takes effect Jan 1, 2024. The primary purpose of the Act is to provide greater transparency of legal entities to detect and combat illegal activities. The new reporting requirements, however, will cause millions of existing legal entities to file new beneficial ownership disclosure forms with the federal government. The regulations are written so broadly, that nearly every...

On today’s show we are looking at the results of one of the most anticipated real estate auctions this year. Signature bank failed in the Spring of this year, shortly after the failure of Silicon Valley Bank.  The loan portfolio was finally put to auction and it looks like a joint venture of two nonprofits and Related Fund Management is poised to win an auction for billions of dollars of Signature...

 On today’s show, we are talking about four ways to liquidate debt. Our entire economy is driven by access to credit. Credit facilities of all types are essentially a claim on future earnings. I don’t have the money today, but I will in the future if you lend me some of that excess money that you are not using right now, I’ll give it back to you with extra in exchange for letting me use those fund...

Shannon Robnett is based in Boise Idaho where he develops multi-family apartments. On today's show we are talking about how to navigate the current market environment with all of its challenges. There are a few nuggets in today's show that you will definitely want to pay attention to. To connect or to learn more, visit https://shannonrobnett.com/ ------------- Host: Victor Menasce email: p...

On today’s show, we are taking a look at why interest rates for commercial real estate are actually falling despite the hawkish rhetoric this past week from Federal Reserve chairman Jerome Powell. Since the middle of the summer we have seen rising yields on the 10 year treasury. The rate peaked on the 19th of October at 4.99%. This benchmark rate has a much larger impact on Real Estate Investors T...

Jeff Love has been helping commercial clients with their real estate legal needs for more than 15 years. On today's show we are talking about distress in the current market. To connect with Jeff, visit gibbsgidden.com ----------- Host: Victor Menasce email: podcast@victorjm.com

On today’s show we’re talking about the forecast flood of distressed deals in the marketplace. We’ve been hearing about how distress is coming and how deals will be available.  I’m here to tell you that the future is now. We are starting to see a regular flow of large assets and portfolios of projects coming to the market.  I’m getting phone calls from brokers on a nearly daily basis. Many of thes...

On today’s show we are talking about deal structure. Some of the financing vehicles that are increasingly common in real estate had their roots on Wall Street. Others had their roots in the tech environment of Silicon Valley.  When investors want to participate in a startup business that will certainly evolve over time, how do you decide what is fair to both the investor and the management team? W...

Prices in real estate are not determined by the broad market. Instead they’re often set by transactions at the margins of the market, by a tiny percentage of properties that transact, and not the majority of the market that is just staying put.  On today’s show I’m going out on a limb to predict that we have just experienced several bellwether events that are signalling to the market the contagion...

Matt Picheny is based in NYC where he acquires and manages multi-family apartment assets across the southern US. Matt is also partnered with Y Street Capital on two projects. On today's show we are talking about asset management. To connect with Matt and to learn more, visit picheny.com ------------ Host: Victor Menasce email: podcast@victorjm.com

Paul Winterowd is based in Salt Lake City where he specializes in helping sponsors capitalize commercial real estate projects. On today's show we're talking about the difficulties being faced by borrowers in the current environment. To connect with Paul, visit paulwinterowd.com ------------ Host: Victor Menasce email: podcast@victorjm.com

On today's show, Robby asks: "Why does Taiwan dominate the semiconductor industry?" ----------- Host: Victor Menasce email: podcast@victorjm.com

On today's show we are talking about the Buy On The Line Strategy ---------- Host: Victor Menasce email: podcast@victorjm.com

In September of 2019, I published an episode on the podcast entitled “Why Wework doesn’t work.” This week Wework filed for Chapter 11 bankruptcy protection in NJ. The bankruptcy filing affects the main company, and over 400 subsidiary entities that also simultaneously filed for bankruptcy. The landscape is littered with companies that have made long term obligations and have only secured short ter...

On today’s show we are looking at the energy transition away from fossil fuels. This is not real estate per-se. But it is a macro economic factor that affects our economy very deeply, even though most members of the population are completely oblivious. With global geopolitical tensions rising, understanding energy sources is critical to understanding what is happening in the economy. Energy is the...

On today’s show, we are talking about the importance of offering a discount without lowering your price. There is so much emphasis on sale price that the value of inventory is strongly linked to the most recent comparable sales. From the perspective of the end customer, affordability is a function of the total sale price and more importantly, the monthly carrying cost associated with that purchase...

Clayton Young is an elite distance runner. He is currently ranked among a handful ot top runners in the US and top 50 in the world. On today's show we are talking about the mindset and habits that are required to do anything at a high level, whether it's in sport or in business. To connect with Clayton you can email him at claytonyoung88 at gmail.com. You can also follow him on social medi...

Chris Long is based in Central Florida where he builds and operates Longyards facilities across the US and Canada. On today's show we are talking about the market characteristics of industrial outdoor storage and what customers are asking for. To connect with Chris, visit longyards.com ------- Host: Victor Menasce email: podcast@victorjm.com

On today’s show we are talking about translating vision into execution. There are many companies that have an impressive company tag line. But when you ask employees and stakeholders about it, there is usually an awkward pause. What comes after that is often a disjointed statement. At our development company, we spent a lot of time thinking and refining what our business is about. We are real esta...

On today’s show we are talking about signs of stress in the construction industry.  It’s no secret that many developers have put projects on hold as a result of higher interest rates.  When we talk about counter party risk, that term conjures up an image for the GFC that started in 2008. This is the result of an asset being held by one party constituting a liability for another party. If the liabi...