From the future of work to algos for home pricing, these are what the brightest young minds in real estate are working on

From the future of work to algos for home pricing, these are what the brightest young minds in real estate are working on
Blake Callahan / Getty Images

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.

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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:

From the future of work to algos for home pricing, these are what the brightest young minds in real estate are working on
Lava at Mauna Loa's summit region during an eruption as viewed by a USGS remote camera on November 28, 2022.KEN HON/USGS

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.