On today’s show we are talking about one of our banks being forcibly closed and sold to another bank in Philadelphia in an FDIC auction this past week. The bank is known as Republic Bank and is legally named republic first bank, not be confused with the very similar sounding and much larger bank called First Republic which failed last year.

Republic Bank was a local Philadelphia bank with about 20 branches in Pennsylvania and New Jersey. It relatively new having been founded in 1988. In 2008 the bank switched from being a purely commercial bank to include retail banking. 

Our experience with Republic bank was a good one. They wrote construction and permanent loans on several of our buildings in Philadelphia. 

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Host: Victor Menasce

email: [email protected]

Andrew Hellinger has been developing landmark projects for a number of years. His most recent signature project is called River Landing and is located on the Miami River. On today's show we are talking about community building and designing of the community as an amenity. To connect with Andrew and to learn more, visit https://www.riverlandingmiami.com

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Host: Victor Menasce

email: [email protected]

On today's show I'm speaking with George about the financing of 40 Wall Street, a 75 story building located diagonally across from the NY Stock Exchange. George was responsible for the redevelopment of this iconic building in lower Manhattan when he was working for Donald.

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Host: Victor Menasce

email: [email protected]

Join us for an insightful Ask Me Anything (AMA) session focused on tax-efficient investment strategies in real estate development and investing. Victor dives into listener questions, addressing scenarios like inheriting property, navigating renovation costs, and optimizing tax benefits. While this episode offers valuable insights, it's important to note that it's not intended as tax advice. For personalized guidance, always seek the expertise of a qualified tax professional. Tune in to learn how to maximize returns and minimize tax burdens on your real estate journey

Welcome to the Real Estate Expresso Podcast, your go-to source for the latest insights in real estate investing. Join Victor Menasce as he explores the ongoing shortage of electrical components, delving into the factors driving this phenomenon two years after the initial supply chain disruptions of the pandemic. Discover why electric utilities and other sectors are grappling with sourcing challenges, and how the surge in demand for electrical infrastructure is reshaping the industry landscape. From the impact of weather events on transformer demand to the growing needs of electric vehicle charging stations, data centers, and solar power generation, Victor unpacks the complexities driving the shortage. Gain valuable insights into the dynamics behind the scenes, including the concentration of manufacturers, distribution channels, and the ripple effects of increased demand across multiple sectors. Tune in to stay informed and navigate the evolving landscape of electrical equipment availability

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Host: Victor Menasce

email: [email protected]

Join us on the Real Estate Espresso Podcast as we dive deep into the latest employment statistics, unraveling the complexities and revealing the true narrative behind the numbers. Host Victor Minasce scrutinizes the unemployment rate, shedding light on how government definitions and economic shifts shape our understanding of workforce dynamics. From the gig economy to high-paying tech jobs, explore the factors influencing employment trends and gain invaluable insights into the evolving job market landscape. Tune in for a comprehensive analysis that challenges conventional wisdom and illuminates the reality of today's employment landscape.

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Host: Victor Menasce

email: [email protected]

Explore a landmark US Supreme Court ruling safeguarding property rights on today's episode. Discover how this unanimous 9-0 decision, authored by Justice Barrett, reinforces constitutional protections under the 5th and 14th amendments. Join us as we delve into the crucial role of the court in interpreting and upholding the law, and contemplate the global implications of such legal precedents. ----------

Host: Victor Menasce

email: [email protected]

Discover cost-saving techniques for construction projects on the Real Estate Espresso Podcast. Join Victor J. Menasce as he delves deep into three aspects of interior finishes, revealing how to cut costs without sacrificing quality. Learn from real-world examples at Turkey's national Builder Expo and explore practical insights to enhance your construction budget. Tune in for expert guidance on value engineering and maximizing savings in today's challenging construction landscape

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Host: Victor Menasce

email: [email protected]

Join us for a special weekend edition of the Real Estate Espresso Podcast, broadcasting live from the TurkeyBuild Expo in Istanbul. Host Victor Menasce takes you on a captivating walking tour through the exhibition halls, uncovering groundbreaking innovations in interior finishes and construction materials. From revolutionary facade systems to cost-effective flooring solutions, discover firsthand how value engineering can transform your projects. Tune in for exclusive insights and actionable strategies to optimize your construction budget and enhance project quality.

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Host: Victor Menasce

email: [email protected]

Aaron Letzeiser is based in Chicago Illinois where he specializes in helping rental property owners secure the right kind of insurance coverage. On today's show we are talking about a few strategies that can help reduce the ballooning cost of insurance.

To connect with Aaron, visit obieinsurance.com

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Host: Victor Menasce

email: [email protected]

I’m currently in Istanbul Turkey for their annual builder expo. This is a massive show with over 10 exhibition halls and they report that more than 52,000 people will attend the expo. I’ll do a separate show later this week specifically on the expo. 

On today’s show I’m sharing my observations about Turkey. I have visited several cities in Turkey over the years including Izmir, Istanbul, Anatolia, Kusadasi, and Effesus.   

It’s been about 5 years since I was here last and maybe 10 years since I spent any considerable time here. The first time I visited Istanbul I was 12 years old. I’ve seen the city grow up so to speak. 

Today, Istanbul is a very modern city. It is also a very populated city with over 15M people. 

I’ll have more to report in the coming days about the builder Expo.

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Host: Victor Menasce

email: [email protected]