No CAP by CRE Daily
Commercial real estate is a $20 trillion industry and a force that shapes America’s economic fabric and culture. No Cap by CRE Daily is the commercial real estate podcast that gives you an unfiltered ”No Cap” look into the industry’s biggest trends and the money game behind them. Each week co-hosts Jack Stone and Alex Gornik break down the latest headlines with some of the most influential and entertaining figures in commercial real estate.
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Latest Newsletter
White House Eyes $250B Privatization of Fannie and Freddie
One proposal suggests raising $20B to $30B through an IPO-like structure, with the government’s stake in the entities valued at over $250B.
March 25, 2025

Loan Extensions Hit Record $384B as Lenders Keep Kicking the Can
Nearly half of 2025’s CRE loan maturities were pushed from prior years, as extend-and-pretend remains the go-to move for lenders.
March 24, 2025

Tariffs Threaten to Stall CRE Projects, Push Costs Up 5%
CBRE warns that newly imposed tariffs on steel, aluminum, and other imports could increase construction costs by up to 5%.
March 21, 2025

US Housing Rebounds After Single-Family Construction Surge
Housing starts rose 11.2% in February to 1.5M units, driven by single-family construction.
March 20, 2025

US Housing Rebounds After Single-Family Construction Surge
Housing starts rose 11.2% in February to 1.5M units, driven by single-family construction.
March 20, 2025

Commercial & Multifamily Mortgage Debt Hits $4.79T
Multifamily mortgage debt surged in Q4 2024, according to MBA, outpacing overall CRE debt growth as government-backed lenders and life insurers took the lead.
March 19, 2025