The State of CRE: 2025 in Review and 2026 Forecast

What's Really Happening in Multifamily Right Now: Part 1

In this episode, Ernie Katai sits down with rental housing economist Jay Parsons to examine the multifamily market at the midpoint of 2026. Their conversation explores how the industry is navigating a period of transition—still dealing with supply pressure, renter-friendly conditions, and cautious sentiment—while also showing surprising resilience beneath the surface. Jay shares why strong demand and absorption suggest the worst may be behind the sector, why headlines often miss the nuance of what is really happening market by market, and what investors, operators, and owners should be watching as the year unfolds. Part 1 of a 2-Part conversation.

The Evolution of Student Housing: Elevated Amenities, Tougher Deals

On this episode of Inside the Deal, we sit down with Brian Bobek of Vesper Holdings and Berkadia's Aaron Moll to break down the rapid evolution of the student housing market and the growing demand driving the sector's expansion. Brian and Aaron join Ernie Katai to discuss how amenities that seemed cutting-edge just a decade ago have now become standard expectations for today's student renters — from resort-style features to high-end communal spaces and technology-driven living environments. They also share the behind-the-scenes realities of getting a student housing project across the finish line, including the obstacles, negotiations, and persistence required to secure the property and move the deal forward in an increasingly competitive market.

The Deal That Almost Died: Perseverance Turns a "No" into a Big Win

In the high-stakes world of hospitality, closing a multi-million-dollar deal is rarely a straight path—it's a test of resilience, perseverance, strategy, and mental endurance. In this episode, we dive into the real story behind a deal that nearly fell apart multiple times, and what it took to bring it across the finish line. From financing roadblocks and tense negotiations to moments of doubt, Berkadia's Jennifer Dakin and Webb Wilson of Kemmons Wilson Hospitality Partners join Ernie to pull back the curtain on the unseen challenges behind major hospitality transactions. More importantly, it explores the difference between blind persistence and strategic perseverance—knowing when to push harder, when to pivot, and how to maintain momentum.

Peaks, Platforms, and Partnerships: Matt Ferrari on PXV and Berkadia

In this special episode of Inside the Deal, recorded at Berkadia's 2026 National Production Meeting in Orlando, Florida, host Ernie Katai and Senior Managing Director Mitch Sinberg of Berkadia sit down with PXV's Founder, Matt Ferrari, to talk about his career in commercial real estate, including how experiences like his summit of Mount Everest shape the way he approaches business. They also dig into current multifamily market conditions, where they see practical opportunities to get deals done, and how PXV is weighing investment and financing decisions in today's environment.

The State of CRE: 2025 in Review and 2026 Forecast

Ernie welcomes Berkadia's Mike Miner and Josh Bodin to take a look back at the top deals from 2025, how the CRE market shifted, and what the industry should prepare for in 2026.