LOAN IMAGE: Daniel Kaykov, Val Katayev & Peter Cohen DATE: 5/21/2026 ADDRESS: 55 Eckford Street MARKET: Greenpoint ASSET TYPE: Development Site LANDLORD: Daniel Kaykov & Val Katayev - Poise Property Group LOAN ORIGINATOR: Peter Cohen BROKER: Leviathan Capital LOAN AMOUNT: $16,200,000 LOAN TYPE: Construction LOAN AMOUNT: $16,200,000 LOAN TYPE: Construction #NewYork #RealEstate #TradedNY #NY #NewYorkRealEstate #NYCRealEstate #TradedPartner #Greenpoint #DevelopmentSite #DanielKaykov #ValKatayev #PoisePropertyGroup #LeviathanCapital

Every year, I share this video of French caretakers who take sand from Omaha Beach in Normandy, and scrub them into the letters to give them the gold coloring. They do this for all 9,386 US soldiers who died. France also gave us this land as American soil. #MemorialDayWeekend

This is absolutely insane. President Trump is currently flying to China with all of the following people to request "deals" with China's President Xi: 1. Elon Musk, Tesla and SpaceX CEO 2. Jensen Huang, Nvidia CEO 3. Tim Cook, Apple CEO 4. Larry Fink, BlackRock CEO 5. Stephen Schwarzman, Blackstone CEO 6. Kelly Ortberg, Boeing CEO 7. Brian Sikes, Cargill CEO 8. Jane Fraser, Citigroup CEO 9. Larry Culp, General Electric CEO 10. David Solomon, Goldman Sachs CEO 11. Sanjay Mehrotra, Micron CEO 12. Cristiano Amon, Qualcomm CEO President Trump also says there are "many other" CEOs joining him on the trip who have not yet been disclosed. Never in history has such a trip even remotely near this scale and caliber occurred. This Trump-Xi meeting is far bigger than most realize.

Byron Allen, Founder of Allen Media Group, explains how treating business like a contact sport unlocks unlimited capital: Byron once borrowed $310 million on a Friday to acquire the Weather Channel. He paid it back in five months. When the lender hit him with a $28 million prepayment penalty for closing too quickly, he paid that too. His philosophy on why capital is never the real obstacle: "Business is a contact sport. You're nothing more than economic athletes. They will see your passion. They will see your stats. And they will always want you on their team because you make them money." The framing shift here is everything. Byron sees founders as athletes whose performance is being evaluated by people who need them to win. "You have unlimited amounts of capital available to you if your hustle is at the highest level." @RealByronAllen drives the point home: "Keep your hustle at the highest level because capital is always looking for you to get the money back and a return. There's trillions and trillions and trillions of dollars of capital looking for you. Go get it." The takeaway: Capital is hunting for operators who can put up the stats. Hustle at the highest level, and the money will find you.

Took a Delta flight from NYC to Caribbean. They overbooked it so Delta started to offer $$ for 4 seats to move to the next available flight. Legally they must keep going up until someone takes it. Here’s the outcome: 1st person took $400 (flight available in 3 hours) 2nd and 3rd around $1500-2000 (I think also booked to flight 3 hours later) The 4th seat took a long time to find a taker….offer kept going up. This one was a rebook to next day morning flight. $2500 - no taker $3000 - no taker $4000 - no taker $5000 - no taker $6000 - no taker It took $7,000 for someone in economy to give up a day.

Tiger Global just valued a bagel shop at $300 million. And the math actually makes sense if you stare at it long enough. PopUp Bagels started in 2020 out of a kitchen in Westport, Connecticut. Adam Goldberg was baking bagels for neighbors during the pandemic. Five years later, Tiger Global closed a deal in late March that values the company at 5x what it was worth five months ago. The unit economics are what caught Tiger's attention. Average transaction over $24. Five bagel varieties. Three schmears. 55 total SKUs while competitors run 200-300. Stores are 1,000-1,200 square feet. Each location hires 10-15 employees instead of the 50-60 a typical QSR needs. No ice machines. No soda fountains. No fryers. They don't sell individual bagels. You buy packs of three, six, or twelve. You grip, rip, and dip. That constraint does two things simultaneously: it raises average order value above the threshold where a small-format store prints money, and it creates a ritual that photographs well. Every customer becomes a content creator. The franchise math: $330K-$810K to open, $35K franchise fee, 6% royalty. They've signed 300 franchise units with fewer than 15 operators. That's roughly 20 stores per operator. Experienced multi-unit franchisees running large territories, not first-timers buying a single shop. About 30 locations open now, targeting 100 by end of 2027. Celebrity investors include Paul Rudd, JJ Watt, Michael Phelps, Michael Strahan. Stripes bought a majority stake in 2023 and brought in a real CEO, Tory Bartlett, in late 2024. Adam Sandler has a dedicated phone at one of the New York shops to call in orders. They literally call it "the Sandler Phone." Here's what Tiger Global sees. The same firm that backed Meta, invested in OpenAI and Waymo, has been exiting 85 companies from its most recent fund to concentrate on fewer, higher-conviction bets. They looked at a bagel company and decided it belonged in that concentrated portfolio. The $300 million number only works if you believe 300 franchise locations actually open and hit the projected unit economics. At an estimated $6M revenue per location and 18% margins, 100 operating stores would generate roughly $108M in systemwide profit. At 300, you're approaching the kind of numbers that make $300M look cheap. The real question is whether the hype survives national scale. PopUp Bagels built its brand on scarcity, long lines, and social media energy. Every franchise system in history has faced the tension between exclusivity and expansion. Levain Bakery, funded by the same firm Stripes, is the closest comparable, and it stayed small. Tiger's betting the ritual travels. That the 1,100 square foot format, the five-SKU simplicity, and the $24 average ticket create something that works in Tampa the same way it works in Greenwich Village. If they're right, this is the most capital-efficient restaurant concept of the decade. If they're wrong, it's a $300 million lesson in the difference between a brand and a business.

The Jetson ONE personal air vehicle. Price: $128,000