FED FUNDS3.75–4.00%CMBS DQ (OCT)7.87% ▼15bpOFFICE DQ (SEP)12.2%ALT LENDER SHARE Q348%2026 MATURITIES$875BAS OF NOV 10
The CRE Grind
About the show

Commercial real estate, one topic at a time.

A weekly two-host podcast on commercial real estate: capital markets, asset types, and what is moving the market. Hosted by Maya and Dev. New episodes every Sunday.

What this is

The CRE Grind is a weekly podcast, with a companion website, for learning commercial real estate the way it's actually practiced. Each episode takes one topic and goes deep enough that you could discuss it confidently in an interview, a class or a deal meeting. Topics cover how deals are financed, how each property type makes money, and what's moving the market right now.

Who it's for

  • Students and career switchers breaking into commercial real estate, especially capital markets, credit and investment roles
  • Analysts and associates who want a sharper read on lending, CMBS and the debt markets
  • Brokers, operators and developers who want to see deals the way a lender or investor does

How every episode works

  • One topic, 30–50 minutes. No news roundups; one subject, start to finish.
  • One worked example. A single deal with realistic numbers is carried through the whole episode, so the concepts are anchored in actual math.
  • Current data. Figures come from named sources such as CBRE, Trepp, KBRA, the Mortgage Bankers Association and the Federal Reserve, as of the episode date.
  • A clear wrap-up. Every episode ends with five things to remember and one interview-ready line.
  • Show notes. Each episode page has the takeaways, the worked example and links to every source.

The hosts

Maya asks the questions a sharp newcomer would. Dev answers like a veteran lender who has also worked out loans that went bad, so he has seen the capital stack from the top and the bottom.

Maya and Dev are AI-generated voices, and the episodes are researched and scripted with AI from public sources. Every figure is linked to its source in the show notes, so check the sources before relying on a number. Nothing here is investment, legal or tax advice.

The curriculum

Episodes rotate through three tracks: Concepts (how deals and capital work), Asset Types (how each property type makes money) and Market Watch (what's happening now). Seasons run 24 episodes, about six months of weekly episodes. Examples lean on New York, New Jersey and Texas.

How to listen

  • On this site. Each episode page has a player with speed controls (up to 1.75×) and remembers where you left off.
  • In your podcast app. Subscribe with the feed address below. In Apple Podcasts, go to Library, then ⋯, then Follow a Show by URL. In Overcast, tap +, then Add URL.
  • New episodes every Sunday afternoon.

Behind the show

The CRE Grind is made by Houz Real Estate as part of a commercial real estate learning toolkit, alongside the CRE Study Guide.

NO.TOPICTRACKSTATUS
E01The Capital Stack: Who's Actually Lending in Late 2026Concept + marketNov 10
E02Retail: Grocery anchors, NNN leases, and why retail is quietly winningAssetNext
E03Special Servicing & Workouts: what happens when a CMBS loan goes badConceptPlanned
E04Q3 REIT Earnings Season: what management teams told usMarketPlanned
E05Underwriting a Deal: NOI, cap rates, DCF and sensitivity tablesConceptPlanned
E06Data Centers: power, hyperscalers, and financing digital infrastructureAssetPlanned
E07Office Distress & Conversions: the New York playbookMarketPlanned
E08JV Waterfalls, Promotes and GP/LP EconomicsConceptPlanned
E09Multifamily: agency lending, rent regulation in NY/NJ, Texas supplyAssetPlanned
E10Ground Leases, 1031 Exchanges and Tax StructuringConceptPlanned
E11Alternatives: self-storage, senior housing, life science, SFRAssetPlanned
E122027 Outlook: rates, maturities and where the opportunities areMarketPlanned
E13Construction Lending: budgets, draws, completion guarantees and interest reservesConceptPlanned
E14Hotels: RevPAR, management vs. franchise agreements, PIPs and hotel debtAssetPlanned
E15Banks and CRE: regional bank exposure, regulators and loan salesMarketPlanned
E16Inside a CMBS Deal: tranches, B-piece buyers, appraisal reductions and the waterfallConceptPlanned
E17Industrial and Outdoor Storage: logistics demand, mark-to-market rents, IOSAssetPlanned
E18New York Multifamily: rent-stabilized distress, the 2019 law and who's buyingMarketPlanned
E19Writing a Credit Memo: how a debt fund underwrites and approves a loanConceptPlanned
E20Office Deep Dive: trophy vs. commodity, leasing economics, TI and free rentAssetPlanned
E21Texas: Sunbelt supply, Dallas, Austin and Houston, and when the glut burns offMarketPlanned
E22Valuation Three Ways: income, sales comparison and replacement costConceptPlanned
E23Medical Office and Life Science: tenants, health systems and specialized buildingsAssetPlanned
E24Season 1 Finale: what changed since November, and the mid-2027 scorecardMarketPlanned