Wall Street: Rising stars of real estate

The latest in finance.
View in browser
INSIDER
Subscribe

10 THINGS ON WALL STREET

Hello! Dan DeFrancesco nervously checking in from NYC ahead of the big US-Iran World Cup game. 

Today we've got stories on the latest casualty of the FTX debacle, a deep dive on a terrifying financial product PE firms are cooking up, and how one college athlete has racked up more than $250,000 in endorsement deals.

But first, I've got some properties you're gonna love.


If this was forwarded to you, sign up here. Download Insider's app here.


real estate

1. Real estate's rising stars.

There's no shortage of ties between Wall Street and real estate. 

Whether it's Blackstone's big bets on warehouses and single-family homes, financial firms rethinking their office space, or Wall Streeters spending millions on high-profile homes, there are deep ties between the worlds. 

So it's only fitting that we'd highlight Insider's third-annual list of rising stars in real estate

Insider sorted through more than a 100 nominations, plus combed through our reporters' deep Rolodexes, to identify the top 30 young professionals in residential and commercial real estate who are 35 and under.

I spoke to Hana R. Alberts, Insider's real-estate deputy editor, about what stood out in this year's list. Two of the main themes — the future of the office and home-pricing algorithms — are near and dear to Wall Street's heart. 

The former is an ongoing discussion among executives at financial firms, as many push to get employees back in the office while others try and navigate how a hybrid approach impacts company culture. The latter boils down to trying to use tech to automate and innovate a key, but sometimes costly, part of the business, something Wall Street is well versed in. 

And while the entire list is full of impressive people, Hana singled out some folks particularly relevant to our audience. 

There is Megan LeMense, 34, a former WeWorker who is thinking about the future of the office in her role at Raise Commercial Real Estate. Meanwhile, Sam Stone, 34, also has his eye on the future, particularly one with a lot more digitization. He's the director of product management, pricing, and data products at embattled iBuyer OpenDoor. 

It wouldn't be a real-estate list without some mention of Blackstone. Kanaai Shah, who is the youngest member of the class at the ripe old age of 23, is focused on affordable housing investments for the massive investment firm. 

But our list isn't just about those who are minting money. Maya Abood, 34, is a housing, planning, and economic analyst for the City of Los Angeles Housing Department, working on everything from an eviction defense program to establishing a plan for community housing. 

Click here to check out the entire list of 30 rising stars of real estate.


In other news:

Lava at Mauna Loa's summit region during an eruption as viewed by a USGS remote camera on November 28, 2022.

2. Leon Black was accused of raping a woman in Jeffrey Epstein's mansion, according to a new lawsuit. The lawsuit against the billionaire cofounder of Apollo Global Management, which a lawyer for Black called "categorically false," is pursuing damages for sexual assault and intentional infliction of emotional distress, Reuters reports. Read more here.

3. Another one bites the dust. BlockFi is the latest crypto firm caught up in the FTX debacle. The crypto lender filed for Chapter 11 bankruptcy Monday. As per the Financial Times, just hours after the filing, BlockFi also sued a holding company for Sam Bankman-Fried, seeking to seize shares in Robinhood. This is what we know so far

4. The need for more than weed. Cannabis companies looking to boost their stock price are expanding into beer and sports drinks. Top executives explain why they're pivoting and what could be next

5. RIP crypto. Mizuho analyst Dan Dolev said "crypto is dead" in an interview with CNBC, adding that rival exchanges aren't going to see a pickup in the wake of FTX's downfall. Here's why he's so bearish

6. It's not just high-profile college athletes cashing in on endorsement deals. Jon Seaton was a walk-on on Elon University's football team, but he's still managed to earn over $250,000 via deals. This is how he did it

7. Allow me to introduce you to a financial product that should terrify you. Collateralized fund obligations allow private-equity firms to slice up shares in beleaguered companies they own to make them appear stronger. (Sound familiar?) Check out this deep dive from the Financial Times to learn more

8. Protests are erupting across China over its "zero COVID" policy. Experts weighed in on how the Chinese government could choose to respond. This is what they said

9. For the Swiftie in your life, considering renting her old West Village townhouse. Taylor Swift's song "Cornelia Street" is a reference to the three-story abode, which is now on the market for $45,000 a month. Take a peek inside.  

10. Just in case life wasn't difficult enough, the world's largest active volcano just erupted. Here's the latest on Hawaii's Mauna Loa going off


Keep updated with the latest business news throughout your day by checking out The Refresh from Insider, a dynamic audio news brief. Listen here.


Edited by Jeffrey Cane (tweet @jeffrey_cane) in New York and Hallam Bullock (tweet @hallam_bullock) in London. 

 

Older messages

A controversial tactic to get a raise

Monday, November 28, 2022

Plus: Exclusive Hollywood club, and China's protests. View in browser Subscribe Only fascinating stories Nicholas Carlson, November 28, 2022 Hello, Insiders. I've been glued to footage of

Wall Street: Alternatives for all

Monday, November 28, 2022

The latest in finance. View in browser INSIDER INSIDER Subscribe 10 THINGS ON WALL STREET Welcome back! Dan DeFrancesco here in New York. Today we've got stories on why Gen Z might be in trouble

Amazon guts Alexa — Disney drama — Swiftie lawyers

Sunday, November 27, 2022

A selection of our best stories from the past week, as chosen by a top editor. Subscribe to Insider View in browser INSIDER WEEKLY Hi, I'm Matt Turner, the editor in chief of business at Insider.

The nanny for the super rich

Friday, November 25, 2022

Plus: Russia's biggest tech giant wants out, and the best Black Friday deals. View in browser Subscribe Only fascinating stories Spriha Srivastava, November 25, 2022 Hello, Insiders. I hope you had

‘Bait-and-switch’ job interviews

Thursday, November 24, 2022

Plus: Disaster at 18200 feet, and Conan O'Brien's assistant. View in browser Subscribe Only fascinating stories Nicholas Carlson November 24, 2022 Hello, Insiders. Happy Thanksgiving!

You Might Also Like

After inauguration, it's time to talk taxes

Wednesday, January 15, 2025

plus toad fashion + Post Malone ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Harry's Take 1-15-25 Stocks Look to Break Lower: Another Sign of a Top on December 16

Wednesday, January 15, 2025

Harry's Take January 15, 2025 Stocks Look to Break Lower: Another Sign of a Top on December 16 As we go into the new year, already with signs of a failed Santa Claus Rally and a failed first 5

🇺🇸 America's tariff future

Tuesday, January 14, 2025

A possible go-slow approach to tariffs, a spending worry for China, and the next obesity drugs | Finimize TOGETHER WITH Hi Reader, here's what you need to know for January 15th in 3:14 minutes. The

It’s a new year, get a new savings account

Tuesday, January 14, 2025

Earn more with high-yield options! ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Private Equity Is Coming for Your 401(k)

Tuesday, January 14, 2025

The industry wants in on Americans' $13 trillion in savings ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

This Skateboarding Economist Suggests We Need More Skateparks And Less Capitalism

Tuesday, January 14, 2025

A skateboarder presented an unusual paper at this year's big meeting of American economists. View this email online Planet Money Skateonomics by Greg Rosalsky “The Skateboarding Ethic and the

Elon Musk Dreams, Mode Mobile Delivers

Tuesday, January 14, 2025

Join the EarnPhone revolution ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Shaping inflation expectations: the effects of monetary policy

Tuesday, January 14, 2025

Natalie Burr In economic theory, expectations of future inflation are an important determinant of inflation, making them a key variable of interest for monetary policy makers. But is there empirical

🌎 Another hottest year

Monday, January 13, 2025

Global temperatures crossed a threshold, oil prices bubbled up, and crypto's AI agents | Finimize Hi Reader, here's what you need to know for January 14th in 3:06 minutes. Oil prices climbed

Have you seen the Best Cars & Trucks of 2025?

Monday, January 13, 2025

Get a quote and protect your new wheels with Amica Insurance ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌