Episode
Times Square Trainwreck, Royal Renters and Blue Owl Bytes the Dust
- Podcast
- The Promote Podcast
- Published
- Feb 25, 2026
- Duration seconds
- 2397
- Processing state
not_requested- Canonical source
- https://share.transistor.fm/s/a0fa1f26
Actions
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Summary
This week, we look at the tragicomedy that is TSX Broadway , the Maefield/L&L/Fortress Times Square megadevelopment that came undone and left hundreds of foreign investors in the lurch. We discuss how complex ground-up projects can lay waste to capital stacks, and what can happen between partners under pressure. We then look at the latest alarm bells ringing in the high-octane world of data center development – Blue Owl is staring down a multibillion-dollar void, and OpenAI’ s marquee Stargate project has had major challenges powering up. Finally, we explore the rise of the rich renter – a trend that’s reshaping the multifamily – and condo markets. We also do a " Punch List " rundown of the newsiest industry happenings: Shvo selling Transamerica Pyramid in SF; the Kushner battle over Veris Residential ; Witkoff's Roosevelt Hotel cameo; ICE' s $38B warehouse shopping spree; and Stonepeak's marina moves. 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 And download their new SNF snapshot at https://bravocapital.com/the-silver-wave/ To advertise: Reach out to [email protected] For feedback: Write us at [email protected] And please rate us and write a review on Apple . Up your CRE game: Consider becoming a premium subscriber to The Promote Insider to unlock access to expert CRE breakdowns, behind-the-deal stories, scoops, discounted swag and events and m…