Tangent: Conversations with Real Estate & Tech Innovators

Steven Song is the founder and CEO of Diald, an AI-powered decision intelligence platform for commercial real estate. Before founding Diald, Steven worked on both the investing and development sides of real estate, and built his career across architecture and urban planning, training at Carnegie Mellon and the University of Pennsylvania. He was a founding principal at SCAAA, a global strategy, planning, and design firm, and is a partner at Axle Companies, a family office focused on real estate investment and social impact ventures. Steven is based in Los Angeles.

(02:26) Why CRE Decisions Are Still Judgment-Driven
(04:41) The Signal That Killed an Atlantic City Deal
(07:44) Contextual Drift: The Risk Nobody Models
(10:20) Diald's approach
(11:59) AI Token Costs and Asking Better Questions
(14:27) Tools vs. Workflows
(15:52) Diald's Underwriting
(17:58) Killing Bad Deals Earlier
(19:18) How AI Upgrades the Analyst Role
(20:44) Where General Purpose AI Fails at Underwriting
(24:23) Does AI Make CRE More Efficient or More Competitive
(26:02) What Underwriting Looks Like in 5 Years
(27:14) Where Human Judgment Still Matters
(29:06) The Local Signals Investors Miss
(31:15) Collaboration Superpower: Denise Scott Brown and Reyner Banham

🏙️ Learn more:
-Visit Diald
-Steven Song on LinkedIn

🏙️ In-person Events:
-Finance Forum: NYC | 11/3
-State of Office Forum: NYC | 11/4
-Breakthrough Awards Breakfast | NYC | 12/2
-All upcoming Commercial Observer events

🏙️ Virtual Events:
-AI & Real Estate: You’ve Hired an Alien Superintelligence. Now What?: 11/10
-AI & Innovation Forum: 11/18

🏙️ Connect with Tangent:
-Edward Cohen on LinkedIn
-Zach Aarons on LinkedIn
-Tangent on LinkedIn

Creators and Guests

Host
Edward Cohen
Host & Executive Producer at Tangent
Guest
Steven Song

What is Tangent: Conversations with Real Estate & Tech Innovators?

A podcast community for real estate and tech leaders, investors, operators and innovators.

A new era is upon us. Tangent💚Proptech unites Proptech founders💡, Real Estate investors and operators🏢, Venture Capital investors, urban leaders🏙 and passionate creators🌎 who are improving our communities and cities. Join us to learn how we can solve present day challenges with innovative technology and greater collaboration.

Join Proptech entrepreneur Edward Cohen, to learn about housing innovation, the future of work and climate tech. We examine these themes through interviews and conversations with Proptech CEO's, real estate owners and operators, and venture investors, and how we can leverage tech and collaboration to help solve the housing crisis, figure out the future of work and how to decarbonize the built environment.

If you would like to get your company’s or organization’s mission featured on Tangent, email us at community@tangentproptech.com.

Stay curious and always be learning! 🤓