Real Takk Podcast

Adam is a Partner at Fentin Goldman Turk & Davidoff LLP where he & his team represent a list of banks, buyers, sellers, sponsors, developers, and those involved in the real estate space in the state of New York.  Adam & I have met at the closing table fairly recently in person, in the post covid era where face to face meetings have become a rare thing in the world of real estate. 

Adam Turk is a lifelong New Yorker, born in Brooklyn, while doing a stint in Long Island, and now resides in New Jersey with his wife & kids.  He’s a die hard knicks & rangers fan, while supporting many of the lowly teams that currently operate in our state.  Please follow Adam on his socials: 

Linkedin: https://www.linkedin.com/in/adamsethturk

Adams Must Visits IN NYC: 

Top Deli: Gottlieb's (get the chicken cutlet, don't ask questions!)  South Williamsburg 

Top BBQ: Izzy's Smokehouse https://izzyssmokehouse.com/ 

(Upper West Side )

Thanking our listeners for the 100th episode.  A huge shoutout to the friends of the pod! 

Shay Artzi is the Senior Vice President and head of Engineering at Compass. He comes on the show to discuss all things Compass AI, the past, present & potential future of what this technology may hold for real estate professionals.  Shay’s background is nothing short of impressive. He obtained both his BA & Master in Computer Science at the Israel Institute of Technology, then later obtained his Ph.D. at MIT in Computer Science.  Before joining Compass, Shay was the principal software development manager for Amazon Web Services, and an engineering manager at Amazon, and before that, he built his career working in cloud infrastructure at IBM.  

In this era of technological change, I believe it’s important that we have Shay on our pod.  I recognize that both consumers & and agents must be able to digest these massive changes, and not let the public or news outlets run with their own version of the story, or rush to their judgments on what AI’s role will be in our world of real estate.  

Please follow Shay’s LinkedIn profile. 

My good buddy & industry leader Justin Rubinstein comes onto the Real Takk Pod to catch up on the real estate world of 2023, and what he looks forward to in 2024.  

Justin's favorite social media platform is Linkedin, so give him a follow here!

Favorite social media platform of the year?

Favorite podcast of the year?

Favorite new development project of the year?

Favorite re-sale project of the year?

Favorite Deal of the Year?

A personal highlight of the year?

Trip of the year?

NYC Restaurant of the year? Cochina Alba in West Chelsea 

1.  The Biggest Winners in Real Estate 2023 (I.e. Related projects in NYC, NYC landlords achieving high rents, Jerome Powell, Sheldon Solow's Son, etc.) 

2. The Biggest loser in Real Estate 2023 (i.e. Manhattan office market, due to high vacancy, first time home buyers with the high interest rates, the government, rent stabilized landlrods,) 

3.  The Biggest Winner in Business, not real estate related 2023 (Black Friday shoppers, auto dealers, home builders, breweries, wedding venues, etc.) 

4.  The Biggest loser in Business 2023 (Elliman, Compass stock, SBF, Harvard, etc.)  high end liberal arts colleges (re-edit)

5.  The Biggest real estate surprise in 2023  (I.e. rapid raise in interest rates, how inflation impacted the feds strong response, etc.)  in elasticity of the market

6.  The Best new trend in real estate (i.e. influencers in real estate, tiktokers being real estate agents, increase of home ownership, more millennials in the market for purchase, etc. )

8.   The Worst Trend in Real Estate 2023 (i.e. rise of mortgage interest rates, trillions of wealth wiped off the NASDAQ & stock market, etc.) 

9.Predict the biggest winner in real estate in 2024: (i.e. Stephen Ross b/c he may win the superbowl, the city of Aspen who seems to be recession proof, Texas, etc.) 

10. Predict the biggest loser in real estate in 2024:  (i.e. Compass Stock, Multi family market, old condos, pre-war coops, DC real estate, etc.) 

Mark is a friend & colleague, as well as one of the top agents in the nation.  As the founder of the Hustis/Jovanovic Team, Mark brings a wealth of knowledge & experience to the real estate market.  We sit down to discuss all things real estate & business in 2023, and what he predicts for our market in 2024.  

https://www.linkedin.com/in/markjovanovic/

Marks NYC Restaurant of 2023: Rezdora NYC 

1.  The Biggest Winners in Real Estate 2023 

2. The Biggest loser in Real Estate 2023 

3.  The Biggest Winner in Business, not real estate related 2023 

4.  The Biggest loser in Business 2023 

5.  The Biggest real estate surprise in 2023

6.  The Best new trend in real estate 

8.   The Worst Trend in Real Estate 2023 

9.Predict the biggest winner in real estate in 2024

10. Predict the biggest loser in real estate in 2024

Enjoy! 

We're wrapping up the year with our traditional segment, where I invite my favorite real estate experts to discuss the winners, losers, and predictions of 2024.  This episode features my friend Sean Mcpeak, the Founder of the Mcpeak Team at Serhant and most recently “The Empire Collective” with his partners Jordan March & Alex Heydt. 

Sean & I met at Compass back in June of 2014 and worked together for just four short years at our Union Square West & 5th Avenue offices. After a taste of Halstead for 2.5 years, he joined Serhant as one of their founding agents, and it’s been a little over 3 years since their inception into the brokerage world.   Sean offers a wealth of knowledge and experience in our field, and he’s here to offer his distinct viewpoints of our real estate market & world. 

Please follow Sean’s Instagram at @sean_mcpeak

His Team: @empirecollective_  

Jordan Wright is a third-generation real estate agent based out of Malibu California. With degrees in Film, International Relations, and French, and a diverse background in marketing and customer relations, sellers seeking high-level marketing of their homes will find a skilled and knowledgeable realtor in Jordan Wright.

Like many of the agents I love at Compass, Jordan is not just a big real estate nerd.  He’s a dedicated big wave surfer, with his passion taking him to all over to world to chase his surf spots.  He’s also a big time snowboarder, spear fisherman, yogi, and an outdoor enthusiast.  

Please follow Jordan at @thewrightwayteam on IG 

Deep Dive Questions: 

1. You’re a third-generation real estate agent in your family.  Did you ever want to do something different? Or was this always in your blood? 

Have you been to Tahoe?  Well, let me introduce you to my friend & colleague Brandon Walsh.  Brandon moved to North Lake Tahoe in 2009 to join the Squaw Valley Ski Patrol. He took his talents to real estate in 2014 and joined the family-owned Tahoe Real Estate Group, then in 2018 became part of the founding team of Compass.  Brandon has sold more than $80 million of real estate to date and continues to excel in his career as a real estate broker, servicing clients locally and from across the world.  

DID YOU KNOW? 

1.  Lake Tahoe is over 2-3 million years old. Tahoe is considered an ancient lake and is counted among the 20 oldest lakes in the world.

2.  Most of Nevada's side of Tahoe is a National Forest, thus housing supply on that side is limited.  

3.  The stored heat in the Lake's massive amount of water compared to its relative surface area prevents the Lake from reaching freezing temperature under the prevailing climatic conditions.

4.  Tahoe’s clarity has impressed visitors since the time of Mark Twain in the 1880s. Historical accounts indicate the water may have been as clear as 120 feet during that time. 

Please follow Brandon's life journey at @brandon.walsh_tahoe 

Locals Corner!

1. Favorite current Tahoe restaurant or establishment?  Old Range Steak House  IG: @oldrangesteakhouse 

Guest Questions Corner 

Guest Question from Tim Rothman of Compass NYC:  Being that you work and sell in vacation areas, when would you say is your busy season and when you are not busy, what do you do to keep yourself busy aside from drinking, smoking and doing other fun stuff? 

Guest question from none other than Lane Johnson from Aspen Colorado: How does it feel to live and work at a place that, in comparison to Aspen, Colorado, is considered subpar?   I’ll rephrase… where Tahoe ranks among ski resorts in the continental United States???

Guest Question from Levi Meyer of Compass Miami: Brandon, I referred you a buyer for Lake Tahoe and you sold him a house in Nevada! I wasn’t expecting that. Can you elaborate for us on the crossover from Tahoe to Nevada and how that works for you as an agent?  

Deep Dive Questions: 

1. I’d like to think the 20s are a struggling time for young professionals.  (lots of videos on social media posted from Gen Z who are complaining about housing costs, income, buying groceries, etc.). How did you get into the business?  What hurdles did you have to overcome? When did things start to ‘click’ for you? 

1. First-time home buyers 

What I love about Tom is that he is not just a big real estate nerd.  Todd is a skilled outdoorsman, putting his mark in the surfing community in California judging competitions & traveling the world chasing the perfect wave.  He is also a skilled fisherman where he frequently shows off his stock of salmon that he calls “mowing the lawn’  trolling along the coastline of California on his boat. 

Compass

Google 

Fun Facts!

1. Favorite current SF restaurant or establishment?  Burma Superstar  @Burmasuperstarsf

Deep Dive Questions: 

1. As the founder of our SF flagship office, tell me why you decided to make the change.  How did it start?  Your business was obviously good before the change, why rock the boat? 

Follow Jeff on:

Twitter @Seattle_Condos

Instagram @urbancondospaces  

Local Expert Jeff Reynolds:

My current favorite Seattle Establishment:  Canlis 

All-Time Favorite Seattle Establishment:  Cafe Lago