# A Condo Kingpin’s Next Act and Proptech Falls off the Wall

Page: https://stenobird.com/podcast/the-promote-podcast-7245267/a-condo-kingpin-s-next-act-and-proptech-falls-off-the-wall
Text version: https://stenobird.com/podcast/the-promote-podcast-7245267/a-condo-kingpin-s-next-act-and-proptech-falls-off-the-wall.md
Podcast: [The Promote Podcast](https://stenobird.com/podcast/the-promote-podcast-7245267)
Published: 2026-01-28T11:30:00+00:00
Episode link: https://share.transistor.fm/s/d0628a28
Audio file: https://media.transistor.fm/d0628a28/3afdc4fb.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-promote-podcast-7245267/episodes/a-condo-kingpin-s-next-act-and-proptech-falls-off-the-wall
Duration seconds: 2084

## Resource

This week, we discuss second acts: Ziel Feldman has left the scandal-ridden past of his glitzy New York condo development firm HFZ Capital Group behind, and he's reinvented himself as an affordable housing player through his silent partnership in GoodHomes . We trace the wild arc of his career and his far more below-the-radar new game. Proptech's loudest voice and most prolific fundraiser Fifth Wall is now yelling into the fundraising void; we talk about how the firm's issues are emblematic of the broader sector. We also do a "Pardon the Interruption" style rundown of the biggest industry happenings: S2's REIT hiccups, Charles Cohen's latest foreclosure, Willis Tower woes , and Michael Shvo's media mastery. 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! Check them out at loanboss.com 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 by visiting bravocapital.com To advertise: Reach out to partnerships@thepromote.com For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple . 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: Ziel Feldman's Next Act S2 REIT Makes Capital Call The Ugliest Divorce in Manhattan Real Estate How HFZ became the face of Manhattan’s condo woes Fifth Wall cuts staff, pauses fundraising Fifth Wall…

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## Transcript

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