311. Mixed Signals & More Turbulence: Consumer Confidence Drops, Opportunistic CRE Deals, Data Center Signs, Valuation Trading Alerts

The TreppWire Podcast: A Commercial Real Estate Show

#Business #TreppWire #Trepp LLC

7:46

Send us a text On this very funny short Bonus Show, standup comic Mack Dryden shares his story about going to the Dentist...you'll never believe what happens...Hilarious! Look for Mack Dryden's "NEW" Dry Bar Comedy Special... Please Listen, Enjoy, and Share where you can...Thanks!! Support the show Website: Standup Comedy Podcast Network.com www.StandupComedyPodcastNetwork.com Free APP on all Apple & Android phones....check it out, podcast, jokes, blogs, and More! "NEW" Video Podcast: Tag Team Talent Podcast on Spotify & YouTube See your favorite comics and other performers...Fun! Please Write a Review: in-depth walk-through for leaving a review. Interested in Standup Comedy? Check out my books on Amazon... "20 Questions Answered about Being a Standup Comic" "Be a Standup Comic...or just look like one"…

há 14 dias 48:37

M4A•Home de episódios

This episode is sponsored by ⁠BetterPitch

Episode Notes

- Economic Update - Consumer Confidence & Market Uncertainty (0:29)

- Mixed-Use Atlanta Value Reduction (23:41)

- Retail Value Reductions in Denver and Bloomington, MN, and a $30M transaction in Braintree, MA (29:06)

- Office: $49M financing for a midtown Manhattan office and a $38M transaction in Irvine, CA (35:06)

- Industrial: acquisitions in Uxbridge, MA, Sumner, WA, Las Vegas, Nashua, NH, and Weston, FL (37:55)

- Programming Notes (43:52)

- Shoutouts (45:19)

Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG

Questions or comments? Contact us at podcast@trepp.com.

Follow Trepp:

X: www.x.com/TreppWire

LinkedIn: www.linkedin.com/company/trepp

316 episódios

311. Mixed Signals & More Turbulence: Consumer Confidence Drops, Opportunistic CRE Deals, Data Center Signs, Valuation Trading Alerts

The TreppWire Podcast: A Commercial Real Estate Show

22 subscribers

published há 14 dias

M4A•Home de episódios

This episode is sponsored by ⁠BetterPitch

Episode Notes

- Economic Update - Consumer Confidence & Market Uncertainty (0:29)

- Mixed-Use Atlanta Value Reduction (23:41)

- Retail Value Reductions in Denver and Bloomington, MN, and a $30M transaction in Braintree, MA (29:06)

- Office: $49M financing for a midtown Manhattan office and a $38M transaction in Irvine, CA (35:06)

- Industrial: acquisitions in Uxbridge, MA, Sumner, WA, Las Vegas, Nashua, NH, and Weston, FL (37:55)

- Programming Notes (43:52)

- Shoutouts (45:19)

Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG

Questions or comments? Contact us at podcast@trepp.com.

Follow Trepp:

X: www.x.com/TreppWire

LinkedIn: www.linkedin.com/company/trepp

316 episódios

#Business #TreppWire #Trepp LLC

Todos os episódios

1
314. The Ides of March: Retail Concerns, CMBS Issuance Update, Housing Trends & Special Servicing Moves 41:44

há 9 hours41:44

41:44

In this week's episode of The TreppWire Podcast, we analyze the economic data from the week, new CMBS issuance numbers, and housing trends to see if the Ides of March are proven to be turbulent again. We explore the slowdown in consumer spending across all income levels and unpack the latest CMBS issuance numbers. On the housing side, we break down insights from Trepp’s Chief Economist on understanding preferences between renting vs. buying. We discuss signs of life in the NYC office market, highlighted by Amazon’s Midtown Manhattan lease and Blackstone's commitment to investing. We close with several loans that have been transferred to special servicing, as well as retail and multifamily transactions and acquisitions. Tune in now. Episode Notes - Economic Update: Consumer Spending (1:00) - CMBS Issuance Numbers (6:30) - Understanding Housing Preferences (13:18) - NYC Office Market Showing Signs of Life: Amazon & Blackstone (17:42) - Big Office Stories: Onward Investors & Hammes Partners Transactions (23:09) - Retail Green Shoot & Several Loans Transferred to Special Servicing (25:54) - Trepp February 2025 Special Servicing Rates (28:48) - Multifamily: Investment Activity (29:39) - Mixed-Use SASB Loan Transferred to Special Servicer (32:07) - Programming Notes (35:52) - Shoutouts (37:36) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: X: www.x.com/TreppWire LinkedIn: www.linkedin.com/company/trepp…

1
313. Tariffs, Terminations, and...Trepidation? DOGE Plays Hide & Seek, Monthly Delinquency, & Anticipatory Value Deep Dive 49:25

há 7 dias49:25

49:25

In this week's episode of The TreppWire Podcast, we discussthe recent economic headlines we’ve seen week after week – including inflation, tariffs and immigration – to continue to bring you fresh perspectives on why matter for the commercial real estate (CRE) markets. We discuss the GSA office property data behind the properties they want might want to sell, analyze the impact of the trade wars on the industrial market, and do a deep dive into the concept of anticipatory value. We share our latest CMBS Delinquency numbers before turning to notable credit stories from the week, including crabgrass and green shoot office stories, as well as retail and mixed-used property stories. Tune in now. This episode is sponsored by ⁠ BetterPitch. ⁠ Episode Notes - Economic Update: Inflation, Tariffs, ADP Job Report, Beige Book (0:27) - GSA Office Property Data (9:59) - Impact of Trade War on Industrial (15:34) - Anticipatory Value 101 Segment (18:55) - Trepp February Delinquency Report (23:33) - Office Stories: Crabgrass & Green shoots (29:08) - Retail Stories: Target, Staples, Natick Mall Loan (35:19) - Mixed-Use Property Loan Extension (40:35) - Programming Notes (41:58) - Shoutouts (45:00) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com . Follow Trepp: X: www.x.com/TreppWire LinkedIn: www.linkedin.com/company/trepp…

1
312. Behind the Acquisition: Trimont’s Big Move in Commercial Mortgage Servicing with Bill Sexton, CEO 31:20

há 10 dias31:20

31:20

In a special guest episode of The TreppWire Podcast , we welcome Bill Sexton, CEO of Trimont, to discuss Trimont's landmark acquisition of Wells Fargo’s non-agency third-party commercial mortgage servicing business. This deal makes Trimont the largest loan servicer in the U.S., managing approximately 11% of all U.S. commercial real estate (CRE) debt. Bill provides insights into why this acquisition was a strategic move, how it reshapes the competitive landscape, and what it means for bondholders, investors, and the broader CRE market. He also shares perspectives on the evolving role of AI, data aggregation, and technology in loan servicing, as well as the challenges and opportunities in today’s CRE finance environment. Visit https://trimont.com/ today to learn more. Tune in now. Episode Notes: Bill Sexton Background (0:23) Trimont’s Acquisition of Wells Fargo’s Servicing Business (1:16) Impact of the Acquisition on CRE Market (4:27) Technology & AI in Loan Servicing (6:26) Future Strategy, Growth, & Organizational Changes (9:46) Careers in Loan Servicing & Global Opportunities (15:48) Lessons from the Acquisition (23:45) Market Outlook (27:56) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com . Follow Trepp: X: www.x.com/TreppWire LinkedIn: https://www.linkedin.com/company/trepp/…

1
311. Mixed Signals & More Turbulence: Consumer Confidence Drops, Opportunistic CRE Deals, Data Center Signs, Valuation Trading Alerts 48:37

há 14 dias48:37

48:37

In this week's episode of The TreppWire Podcast, we analyze recent economic indicators showing mixed signals, including declining consumer confidence at an 8-month low and the Fed's expected rate path through 2025. We examine the impact of new tariffs on market volatility and discuss recent high-profile CRE deals, including Apollo's acquisition of Bridge Investment Group. We break down notable appraisal value reductions across office, mixed-use, and retail sectors, the latest Mall of America appraisal showing a 14% reduction. We also review Microsoft's pullback from datacenter leasing amid their quantum computing breakthrough and analyze a flurry of industrial sector activity across the U.S. Tune in now. This episode is sponsored by ⁠ BetterPitch Episode Notes - Economic Update - Consumer Confidence & Market Uncertainty (0:29) - Mixed-Use Atlanta Value Reduction (23:41) - Retail Value Reductions in Denver and Bloomington, MN, and a $30M transaction in Braintree, MA (29:06) - Office: $49M financing for a midtown Manhattan office and a $38M transaction in Irvine, CA (35:06) - Industrial: acquisitions in Uxbridge, MA, Sumner, WA, Las Vegas, Nashua, NH, and Weston, FL (37:55) - Programming Notes (43:52) - Shoutouts (45:19) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com . Follow Trepp: X: www.x.com/TreppWire LinkedIn: www.linkedin.com/company/trepp…

1
310. Bullish on CRE? "America's Commercial Real Estate Show" Host Michael Bull Tells All 28:13

há 16 dias28:13

28:13

In this special guest episode of The TreppWire Podcast, we are joined by Michael Bull, founder and CEO of Bull Realty, and host of America’s Commercial Real Estate Show . With over 35 years in commercial real estate and more than $8 billion in transactions, Michael shares insights from his journey from leasing apartments while in college to running a successful brokerage licensed in 8 states. We discuss how integrity and quality service have been the cornerstones of his business through multiple market cycles, and how creative problem-solving helps close complex deals. Michael offers his perspective on the current office market, predicting it may be "the buy of the decade" despite current challenges. We also explore his experience hosting America's Commercial Real Estate Show for over 14 years, and how it has sharpened his industry expertise. Tune in now. Episode Notes : - Michael's Journey into Commercial Real Estate (01:24) - Building a Brokerage on Integrity (3:30) - Navigating Market Downturns (6:29) - The Future of the Office Market (13:35) - Hosting America's Commercial Real Estate Show (20:27) - Life Outside of Real Estate (24:47) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com . Follow Trepp: X: www.x.com/TreppWire LinkedIn: www.linkedin.com/company/trepp…

1
309. The CRE Check-Up: Fed's Vital Signs, CMBS Issuance Pulse, Walmart's Flu Warning, & DOGE's Office Surgery 51:26

há 21 dias51:26

51:26

In this week’s episode of The TreppWire Podcast, we examine the Fed's latest signals on interest rates, covering the evolving inflation landscape and newly proposed bank capital requirements that could reshape CRE lending. We review Walmart's lower-than-expected 2026 fiscal guidance and potential impacts of tariffs on retail spending. We explore DOGE's aggressive push on government lease terminations and analyze GSA data showing over 2.3 million square feet of terminated space. We dive into several notable special servicing transfers for office and lodging and an office value reduction. We also discuss CMBS maturities and issuance in 2025 and recent retail store closures. Tune in now. Episode Notes - Economic Update (1:25) - Walmart Earnings & Retail Outlook (3:59) - GSA Lease Developments & DOGE’s Aggressive Push (7:59) - Trepp Connect (in NYC) Conference (16:30) - CMBS Maturities & Issuance in 2025 Report (20:04) - Office Trading Alerts: Chicago & Philadelphia Loans Transferred to Special Servicing, & Another Chicago Loan Reappraisal (30:59) - Lodging Trading Alert: Midtown Manhattan Loan Transferred to Special Servicing (39:48) - Retail Updates & Forever 21 Store Closures (41:37) - Programming Notes (44:45) -Shoutouts (46:16) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com . Follow Trepp: X: www.x.com/TreppWire LinkedIn: www.linkedin.com/company/trepp…

1
308. CPI Heartache: No Love for Rate Cuts, Loan Recourse 101, NYC Office Revival, & GSA Office Downsizing 52:22

há 28 dias52:22

52:22

In this week's episode of The TreppWire Podcast , we analyze January's hotter-than-expected CPI print and Fed Chair Powell's Congressional testimony on rate cuts. We break down the mechanics of recourse loans and personal guarantees in distressed deals, like The Hotel Carter near Times Square. We then examine three major office refinancing deals in Midtown Manhattan totaling over $2.8 billion. We also dig into DOGE's federal real estate reduction strategy and its implications for commercial real estate, particularly in the DC market. We also discuss a few retail stories including Joann Fabrics' closing of 500 stores, Blackstone's $4 billion retail portfolio acquisition, and Party City's hundreds of lease rejections. Plus, we introduce TreppAI, our new artificial intelligence-powered search tool. Tune in now. Episode Notes: - Economic Update: CPI Print, FedWatch, & Capital Markets (1:31) - Recourse Loans 101 & America’s Dirtiest Hotel (13:19) - Positive Office News in Midtown Manhattan (23:04) - DOGE’s Federal Real Estate Cuts & Implications for CRE (29:34) - Retail store closures, acquisitions, and redevelopments (36:30) - Trepp Connect (in NYC) conference in Rockefeller Center in May (42:10) - New TreppAI Search Feature & Examples (44:00) - MBA CREF25 & Shoutouts (47:43) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com . Follow Trepp: X: www.x.com/TreppWire LinkedIn: www.linkedin.com/company/trepp…

1
307. Evolution of the B-Piece Buyer from the 90s to Today: Scott Douglass of Prime Finance 41:24

há 4 weeks41:24

41:24

In this special guest episode of The TreppWire Podcast, we are joined by Scott Douglass, Co-Founder and Co-Chief Investment Officer at Prime Finance. Scott shares his extensive experience in the commercial mortgage-backed securities (CMBS) space and breaks down the evolution of B-piece buying from the '90s to today. We examine how past crises can provide a critical lens when assessing today’s market. Scott explains how the Great Financial Crisis reshaped the CMBS market and the role of the B-piece, and shares lessons from that time period that remain relevant in today's market. We also dive into the CMBS issuance data and provide insight into what the numbers show over time. Tune in now. Episode Notes: - Background in commercial real estate securitization (1:29) - Launch of Prime Finance (4:42) - Insights into the origins of the B-piece buyer role (6:02) - Lessons from the 90s and early 2000s (9:40) - CLO issuance numbers & predictions for 2025 (12:06) - CMBS issuance expected in 2025 (15:45) - Risk retention in the CMBS market (18:30) - Thoughts on office, hotels & data centers (25:10) - SASB deals in 2024 & 2025 (34:40) - Importance of having a strong platform (37:33) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com . Follow Trepp: X: www.x.com/TreppWire LinkedIn: www.linkedin.com/company/trepp…

1
306. Tackling the Headlines: Trade, Tariffs, Office Narrative Turnaround 52:36

há 5 weeks52:36

52:36

In this episode of The TreppWire Podcast, we dive into economic data and headlines of the week, including manufacturing and job openings figures, the implications of tariffs on the CRE market, and the thought that lending standards for commercial real estate (CRE) may be tightening. We discuss the inflection point for the office market after seeing some increased optimism and signs of activity, especially in NYC. We talk Blackstone’s big Midtown Manhattan office buy, the largest office-to-residential conversion in the U.S., as well as recent stories at Manhattan’s MetLife Building. In retail, we cover Walmart’s mall purchase and Amazon’s physical store closures. We reflect on the narrative for apartments and the multifamily market at large, after the NMHC 2025 Annual Meeting. We wrap up the episode with our thoughts on the Super Bowl and highlight Kansas City, Philadelphia, and New Orleans market data from TreppCRE. Tune in now. Episode Notes : Economic Update (0:27) Tariffs & Other Headwinds Impacting the Market (3:35) Office Sector Activity (10:54) Blackstone NYC Midtown Office Buy (13:16) Largest Office to Resi Conversion in the U.S. (17:00) Refinance at 3 Bryant Park (21:02) Irvine Loan for Manhattan’s MetLife Building (25:24) Walmart Pennsylvania Mall Purchase in Pennsylvania (28:07) Amazon’s Physical Store Locations Closing (30:02) Equinox is Becoming the Largest Retail Tenant in Manhattan (33:39) NMHC 2025 Annual Meeting Recap (35:01) Credit Stories in California & Texas (40:13) Slice of Life: Kansas City vs. Philadelphia + Market Overview (42:37) Trepp Connect (in NYC) on May 13-15, 2025 (46:31) Shoutouts (49:16) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com . Follow Trepp: X: www.x.com/TreppWire LinkedIn: www.linkedin.com/company/trepp…

1
305. Deep-Sixed by DeepSeek? AI Disruption & Data Centers, Fed’s Patience, Trump’s Buyout Offer, & Property Stories 55:48

há 6 weeks55:48

55:48

In this episode of The TreppWire Podcast, we examine how Chinese AI startup DeepSeek's sent shockwaves through tech markets, raising questions about data center demand. We analyze the Fed's decision to hold rates steady and discuss Trump's federal worker buyout offer impacting office demand. We break down Amazon's record-breaking lease in Miami, dig into an office loan value reduction in New York and special servicing transfer in Virginia. For retail, we discuss a loan value reduction in Chicago and a sale in West Palm Beach. We wrap up with several multifamily transactions in Arizona, Florida and Colorado. Tune in now. Episode Notes: - DeepSeek and its market-moving debut (1:23) - Return to office & Trump’s resignation offer for federal workers (8:12) - Office activity: Amazon’s record-breaking lease in Miami (18:05) - Rye Brook, NY Office Loan value reduction (25:09) - Falls Church, VA Office loan sent to Special Servicing (31:22) - Chicago Retail loan value reduction (33:19) - West Palm Beach, FL Retail sales transaction (39:39) - Multifamily transactions in Arizona, Florida and Colorado (41:09) - Programming notes (46:00) - Shoutouts (47:15) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: X: www.x.com/TreppWire LinkedIn: www.linkedin.com/company/trepp…

1
304. Housing Market Reality Check with MacroEdge: Inventory, Affordability & Demographics 44:48

há 6 weeks44:48

44:48

In this special guest episode of The TreppWire Podcast, we are joined by Ulysses Awsumb, Head of Research, and Melody Wright, Contributing Writer at MacroEdge, as well as Rachel Szymanski, Trepp’s Chief Economist, to discuss the current state of the real estate market and challenge common narratives. Drawing from their extensive research and on-the-ground observations, they share insights on housing inventory, affordability challenges, and demographic shifts affecting both residential and commercial sectors. We explore the disconnect between housing supply narratives and market realities, the impact of recent policy changes, and the complexities of new home construction. We also dive into the emerging trends in multifamily development and the future of housing affordability. Tune in now. Episode notes: - Introduction to MacroEdge and Guest Backgrounds (0:21) - Current Housing Market Headlines and Executive Orders (5:43) - Housing Shortage Narrative (8:29) - Market Demographics and Population Shifts (21:28) - Affordability Challenges and Market Misallocation (24:57) - Key Factors Preventing Home Ownership (33:45) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com . Follow Trepp: X: www.x.com/TreppWire LinkedIn: www.linkedin.com/company/trepp…

1
303. Ink Meets Impact: Executive Orders, Fannie Freddie Privatization, Multifamily Data & Major Transactions 46:29

há 7 weeks46:29

46:29

In this episode of The TreppWire Podcast, we discuss recent economic headlines, including AI spending, optimism in commercial real estate (CRE), and Trump’s return to office executive order for federal workers. We share scenarios on what could happen with this mandate and preview an analysis on GSA exposure and the respective average rent per square foot. We then turn to the privatization of Fannie Mae & Freddie Mac and discuss its potential impact on CMBS issuance. In a digging through the data segment, we look at maturities by property type and dive into multifamily issuance, delinquency, and trends. We close the episode with credit stories and office leasing transactions, including Bloomingdale’s closing its flagship store in San Francisco, and Blackstone buying the Kimpton Hotel Eventi in New York City. Tune in now. Episode Notes: - Economic Update (0:28) - Trump’s RTO mandate for Federal workers (7:27) - GSA exposure analysis (10:27) - Fannie Mae & Freddie Mac privatization (13:12) - Digging through the data: multifamily issuance, delinquency, and trends (23:00) - Credit Stories (28:05) - Office Leasing Stories (32:39) - Bloomingdale’s closing its flagship store in San Francisco (36:57) - Blackstone buying the Kimpton Hotel in New York City (40:49) - Industrial property acquisition in Queens, NY (41:51) - Programing notes (43:41) - Shoutouts (44:36) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com . Follow Trepp: X: www.x.com/TreppWire LinkedIn: www.linkedin.com/company/trepp…

1
302. Taxes, Transactions, 2025 Themes: Wildfire Tax Relief, Sales Transactions, & CREFC Takeaways 53:22

há 8 weeks53:22

53:22

In this episode of The TreppWire Podcast, we review the themes, discussions and key takeaways from CRE Finance Council (CREFC)’s January 2025 conference. We also analyze the latest economic data including the increase in both the Consumer Price Index and the Producer Price Index, the rise in jobless claims and the pickup in economic activity reported by the Fed’s Beige Book. We review the bank earnings reported on the 15th, discuss the California wildfires and real estate taxes, and Local Law 97 in NYC. We then go over two trading alerts about special servicing transfers and review some notable multifamily, office, retail and industrial sales transactions. Tune in now. Episode Notes: - CREFC January 2025 Conference themes & takeaways (1:14) - Last week's Jobs Report (5:28) - Bank earnings reports – JPMorgan, Wells Fargo, Citigroup & Bank of America (14:52) - California Wildfires, Real Estate Taxes & Local Law 97 in NYC (20:11) - Self-storage trading alert: Self-Storage Portfolio SASB Loan Enters Special Servicing, Appraised Value Cut (32:17) - Lodging trading alert: Montauk Lodging Loan Heads to Special Servicing (34:57) - Sales transactions: Multifamily in NC, Office in NYC, DC & CA, Retail in MI, and Industrial in AZ, NJ & IL (38:30) - Programing Notes (47:24) - Shoutouts (48:19) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com . Follow Trepp: X: www.x.com/TreppWire LinkedIn: www.linkedin.com/company/trepp…

1
301. Your 2025 REIT Playbook with David Auerbach, Hoya Capital 55:09

há 8 weeks55:09

55:09

In this special guest episode of The TreppWire Podcast, we are joined by David Auerbach, Chief Investment Officer at Hoya Capital to discuss the current state and future of the Real Estate Investment Trust (REIT) sector. David shares his journey into the REIT industry, insights on market trends, and the importance of long-term investment strategies. He emphasizes the significance of dividend growth and the need for investors to understand the underlying dynamics of the REIT market. David also goes over the current state of the REIT market, focusing on the single-family rental sector, the evolution of retail, and the importance of healthcare REITs. We wrap up with a discussion on the need for diversification in REIT investments and the outlook for the sector leading into 2025. Episode Notes : - Introduction to REITs and David’s Background (0:19) - Current Trends in the REIT Sector (07:25) - Long-Term Investment Perspectives in REITs (13:14) - The Power of Compounding Dividends (19:24) - Understanding the REIT Market Dynamics (25:07) - Exploring the Single-Family Rental Market (27:54) - The Evolution of Retail (37:51) - A Deep Dive into Healthcare REITs (44:56) - Looking Ahead to 2025 (49:44) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com . Follow Trepp: X: www.x.com/TreppWire LinkedIn: www.linkedin.com/company/trepp…

1
300. Celebrating A Milestone: Office Origination Deep Dive, Potential Fallout of CA Wildfires, and Mega Dollar Deals 51:35

há 9 weeks51:35

51:35

Happy 300th episode of The TreppWire Podcast! In this week’s milestone episode, we are here to share the data behind the headlines. We first reflect on the wildfires in California and the potential impact on real estate, insurance costs, and the market at large. We ‘dig through the data’ into office originations to provide transparency into the performance of the sector. We also provide insight into stories across office, lodging, and multifamily – including a juicy $500k/unit apartment property transaction. Stick around to hear how to enter our podcast giveaway . Tune in now. This episode is sponsored by ⁠ EisnerAmper ⁠ . Episode Notes: - Episode 300 Milestone (0:27) - Economic update (2:53) - California Wildfires and Prop 13 (3:52) - Office loan originations (10:59) - Office stories: value reduction in NYC and sales transactions in Dallas and Chicago (21:51) - Multifamily: juicy transaction in Virginia, for $500k/unit, and another acquisition in Florida (30:57) - Lodging: special servicing transfer in Florida and a sales transaction in Virginia (37:56) - Programing notes & triple giveaway (44:49) - Shoutouts (45:58) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com . Follow Trepp: X: www.x.com/TreppWire LinkedIn: www.linkedin.com/company/trepp…

The TreppWire Podcast: A Commercial Real Estate Show

1
299. CRE Market Context: 2025 Predictions, Delinquency Perspectives, Credit Events, & Opportunities Ahead 58:30

há 10 weeks58:30

58:30

In this week's episode of The TreppWire Podcast , we delve into the current landscape of the commercial real estate (CRE) market, providing some much needed context for 2025. We begin by analyzing the latest CMBS delinquency data, offering our interpretations and breaking down the numbers dating back to January 2000, when Trepp first began tracking these rates. We spend some time reflecting on 2024 and provide additional predictions for the new year in terms of issuance, distress metrics, interest rates, and other factors that may impact the CRE market. We wrap up the episode with themes we saw in the credit stories we reported throughout the year and discuss where there is room for opportunities. Tune in now. Episode Notes Going into 2025 vs into 2024 (0:24) CMBS Delinquency Data: Behind the Numbers (3:08) Office Distress Context (9:22) Multifamily Performance (23:21) 2025 Predictions: Issuance & Interest Rates (26:42) Hot CRE Markets in 2025 (30:35) Credit Story Themes We Saw in 2024 (40:23) Programming Notes & Shoutouts (53:54) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com . Follow Trepp: X: www.x.com/TreppWire LinkedIn: www.linkedin.com/company/trepp…

The TreppWire Podcast: A Commercial Real Estate Show

1
298. Putting a Bow on 2024: CRE Headlines & Data Behind the Narratives 49:43

há 11 weeks49:43

49:43

We hope all our listeners are having a joyous holiday season and thank you all for tuning in each week. In this week's episode of The TreppWire Podcast , we take stock of the major commercial real estate (CRE) headlines of 2024 and make sense of it all with Trepp’s data. We provide our insights into both the positive and negative stories we’ve seen this year, including the maturity wall narrative, the bank sector rebound, insurance costs, and major retail bankruptcies. Diving into the data, we look at the 2024 maturity schedule, debt yield numbers, CMBS loans originated, and provide our predictions on future delinquency rates. We wrap up the episode with CRE optimism for 2025. Tune in now. Episode Notes: Maturity Wall (0:51) Insurance Costs (4:55) Retail Bankruptcies (6:45) 2024 Maturity Schedule (12:29) Underwritten Debt Yield (14:49) Delinquency Predictions (16:11) Weighted Average Debt Yield for Urban Office Maturities (23:22) Banking & Lending Snapshot (30:04) CRE Optimism for Next Year (33:39) Preliminary December Delinquency Rate Estimates (38:00) Programming Notes (42:10) Shoutouts (45:02) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com . Follow Trepp: X: www.x.com/TreppWire LinkedIn: www.linkedin.com/company/trepp…

The TreppWire Podcast: A Commercial Real Estate Show

1
297. Resiliency in 2024, Fed's Holiday Surprise, Portfolio Loans in the Special Servicing Stocking, & 2024 Wrap Up 56:23

há 12 weeks56:23

56:23

This episode is sponsored by EisnerAmper . Resiliency is the word of 2024, but uncertainty might be the word of the day. In this week’s episode of The TreppWire Podcast, we are joined by our Chief Economist to discuss mixed signals from the recent economic data, including contrasting PMI figures, retail sales growth, and the latest Fed rate cut. We also discussed the continued chatter around extend & pretend, the unexpected resilience of the U.S. economy in 2024, and what to expect for 2025. We break down Flagstar Bank's sale of troubled NY loans, value reductions across office properties in Philadelphia and San Francisco, and major portfolio loans entering special servicing including the $1.23 billion Workspace Property Trust Portfolio and $379.1 million Selig Office Portfolio. We also discuss Party City mulling a second bankruptcy, significant multifamily sales, and California's rejection of Prop 33. Tune in now. Episode Notes: - Economic Update & 2024 Economic Review (0:32) - Flagstar Bank Looking to Sell Portfolio of Eight Underperforming NY Loans (9:14) - Office stories: Seattle portfolio special servicing transfer, Federal Center Plaza GSA updates, Philadelphia & SF value reductions (16:01) - Retail stories: Party City’s second bankruptcy concerns, California mall loan special servicing transfer and a Kentucky shopping center transaction (28:54) - Mixed-Use: a $23B portfolio loan special servicing transfer and an NYC value reduction (35:40) - Multifamily stories: NYC $318M loan special servicing transfer, Seattle, South Carolina, Columbus, and DC property transactions (41:21) - Rent control & California Prop 33 implications (45:24) - Shoutouts (47:46) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com . Follow Trepp: X: www.x.com/TreppWire LinkedIn: www.linkedin.com/company/trepp…

The TreppWire Podcast: A Commercial Real Estate Show

1
296. Getting Eyeballs & Closing Deals: SERHANT Commercial Gives Their Perspective 28:28

há 12 weeks28:28

28:28

In this special guest episode of The TreppWire Podcast, we are joined by Bernadette Brennan, Managing Director, and Owen Toland, Real Estate Salesperson at SERHANT. Known for its presence on the Netflix show, "Owning Manhattan," SERHANT is a full-service real estate agency, and Bernadette and Owen are here to discuss the commercial side of the business. We dive into the shift in the real estate landscape post-pandemic, discussing the rise of owner-user purchases, the contrast between Class A and B offices, and the retail leasing market. We also hear stories of high-profile clients and unusual deals that would make great reality TV. Tune in now. Episode Notes: - Bernadette's Journey from Music to Real Estate (01:41) - Owen's Path to Commercial Real Estate (03:35) - Current State of New York City Real Estate (05:00) - Retail Leasing Insights and Market Trends (10:58) - Building the Commercial Division at SERHANT (15:32) - Unique Client Stories and High-Profile Deals (19:11) - Conclusion and Final Thoughts (27:46) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com . Follow Trepp: X: www.x.com/TreppWire LinkedIn: www.linkedin.com/company/trepp…

The TreppWire Podcast: A Commercial Real Estate Show

1
295. City of Yes, Merger of Kroger & Albertsons No, Macy's Real Estate Portfolio, & Notable Property Stories 52:16

há 13 weeks52:16

52:16

In this week's episode of The TreppWire Podcast, we discuss the latest CPI reading, expected Fed interest rate cut, nonfarm payrolls, and the City of Yes zoning reform plan that was approved by the New York City Council this week. In commercial real estate news, we examine the latest talks of spinning off Macy’s real estate portfolio and the Kroger and Albertsons merger that turned into a lawsuit. We also examine several office stories, including a residential conversion, large lease renewal and acquisitions and appraisal value reductions. In multifamily we talk about a student-housing acquisition and a few special servicing transfers and value reductions. Tune in now. Episode Notes: - Economic Update: latest CPI reading, expected Fed rate cut, Macy’s real estate portfolio, Kroger-Albertson’s merger turned lawsuit, nonfarm payrolls (00:23) - Wall Street firms, AvalonBay Communities, a multifamily REIT, buying or developing single-family homes (13:19) - City of Yes Zoning Reform Plan Approved by City Council (19:29) - Office stories: residential conversion, acquisitions, lease renewal and appraisal value reductions (26:44) - Multifamily: student-housing acquisition & special servicing transfers (38:32) - Lodging: value reduction of a Portland hotel (44:13) - Programming Notes (46:36) - Shoutouts (48:36) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com . Follow Trepp : X: www.x.com/TreppWire LinkedIn: www.linkedin.com/company/trepp…

The TreppWire Podcast: A Commercial Real Estate Show

1
294. Opportunities Outweigh Obstacles? Look to NYC Multifamily: Behind the Scenes with Seth Glasser | Marcus & Millichap 40:44

há 13 weeks40:44

40:44

In this special guest episode of The TreppWire Podcast, we are joined by Seth Glasser, Senior Managing Director at New York Multifamily at Marcus & Millichap. As one of the top-producing multifamily agents in their office, Seth shares insights into his journey in commercial real estate (CRE), the major challenges facing the NYC multifamily market due to evolving legislation, and where the opportunities lie. We also dive into key topics including 1031 Exchanges, triple net leases (NNN), current cap rates, and the importance of knowing the data in your market. Tune in now. Episode Notes: - Background and Start in CRE (1:44) - Government Role in NY Housing (4:23) - Biggest Challenges in Multifamily Sector (6:45) - Buyers' Appetite for New Debt (11:43) - Navigating the Market and Continuing to Grow (19:00) - Affordable Housing World in NY (24:07) - Office-to-residential Conversions (28:41) - 1031 Exchanges, NNN Leases & Cap Rates (30:49) - Multifamily Opportunities in NYC (36:48) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com . Follow Trepp: X: www.x.com/TreppWire LinkedIn: www.linkedin.com/company/trepp…

The TreppWire Podcast: A Commercial Real Estate Show

1
293. Soft Landing or Hard Truth? Billion-Dollar Deals, Double-Digit Office Delinquencies & More 54:13

há 14 weeks54:13

54:13

This episode is sponsored by EisnerAmper . In this week's episode of The TreppWire Podcast, we unpack recent economic, manufacturing PMI, and job data to debate if it is an indication that we’re sticking the soft landing or a false narrative. We discuss the billion- dollar commercial real estate (CRE) headlines of the week from Valley National Bank and Deutsche Bank, as well as a $1 billion venture to identify and support office-to-residential projects. We dive into Trepp’s CMBS Delinquency Report, with the office delinquency rate surpassing 10% in November. We close the episode with credit and transaction stories, including Burlington opening 100 net new stores in 2025, large acquisitions, and a retail and parking loan sent to special servicing. Tune in now. Episode Notes - Economic Update (0:56) - Valley National Bank $1B CRE Loans Sale (7:56) - Deustche Bank Sale of $1 Billion CRE Loan Portfolio (10:11) - Office-to-residential Projects Fund (13:42) - Trepp CMBS Delinquencies (19:02) - Burlington Opening 100 New Stores in 2025 (31:15) - Spinoso Real Estate Group Purchasing White Marsh Mall (25:27) - Seattle Retail and Parking Loan Sent to Special Servicing (33:50) - $79.5 Million Central Park of Lisle Loan Lowered (35:41) - $48.2 Million Cedar Crest Professional Park Loan Slashed (37:50) - Hotel Purchased in Chelsea NYC (40:31) - $82 Million Apartment Sale in Tampa (43:52) - Programming Notes (45:28) - Shoutouts (47:40) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com . Follow Trepp: X: www.x.com/TreppWire LinkedIn: www.linkedin.com/company/trepp…

The TreppWire Podcast: A Commercial Real Estate Show

1
292. Carving up the Market: Consumer Confidence, Retail Performance Rundown, Bifurcated Office Stories, & Industrial Sales 54:48

há 15 weeks54:48

54:48

In this week's episode of The TreppWire Podcast , we break down the latest consumer confidence and retail earnings data to understand “the tale of two consumers.” We talk Walmart vs. Target, more tariff talks, and examine the ‘largest’ stories all coming from Blackstone. We also break down several large retail loan changes, discuss the bifurcation seen across office headlines, and share transactions in multifamily and industrial. Happy Thanksgiving to all our listeners! Tune in now . Episode Notes Economic Update (0:23) Consumer Confidence and The Tale of Two Consumers (1:38) Home sales and home prices (4:35) Target vs. Walmart Earnings and Store Performance (8:24) Tariffs and Impact on Retail (13:40) Retail stories: Blackstone Soho Purchase (17:05) Rimrock Mall Loan Resolved with a Loss (19:05) Riverside Park Mall Loan to Special Servicing (23:11) Retail Transactions (26:23) Office News: Tishman Speyer Closing $3B CMBS Refi (30:36) SL Green Buying Park Avenue Office Condo for $130M (34:17) $400M Bank of America Plaza Loan Value Slashed by Nearly 70% (37:17) 1515 Broadway Loan Gets Three-Year Term Extension (42:09) Transactions: Multifamily and Industrial (45:45) Programming Notes (49:06) Shoutouts (50:23) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: X: www.x.com/TreppWire LinkedIn: www.linkedin.com/company/trepp…

The TreppWire Podcast: A Commercial Real Estate Show

1
291. Bobbing & Weaving: Blackstone Bets, Broker Fees Banned, Mayweather's Office Play, SASB Credit Stories 1:01:24

há 16 weeks1:01:24

1:01:24

In this week's episode of The TreppWire Podcast , we discuss whether the Fed is going to cut rates in December, the potential implications of Trump tariff talks, and the news of NYC banning tenant-paid broker fees. We talk through Blackstone striking a deal to buy Jersey Mike’s, Floyd Mayweather Jr. swinging on an office investment, and other celebrities entering the commercial real estate space. We share several large trading alerts from the week, including a few single-asset, single-borrower (SASB) credit stories. Tune in now. Episode Notes: - Economic Update (0:23) - NYC Ban on Tenant-paid Broker Fees (7:38) - Floyd Mayweather Jr. Buys Office Portfolio (12:25) - Manhattan Office Trading Alerts: 500 Fifth & 5 Penn Plaza (15:26) - Minneapolis Park Place East & West Loan Transferred to Special Servicing (21:01) - San Francisco Office (23:41) - Restaurants & Retail CRE (29:11) - Santa Monica Loan Received Large Appraisal Reduction (26:27) - Multifamily Trading Alerts & Transactions (39:43) - Mixed-Use Stories, John Mayer, McG to Buy Jim Henson Lot in Hollywood (46:13) - SL Green Values One Vanderbilt at $4.7B (50:28) - Programming Notes (51:12) - Shoutouts (52:22) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp…

The TreppWire Podcast: A Commercial Real Estate Show

1
290. Rates are up, but so is Optimism? What the Numbers are Saying: Special Servicing Rates, Treasury Yields, CPI & Credit Stories 49:54

há 17 weeks49:54

49:54

This episode is sponsored by The Henley Group . In this week's episode of The TreppWire Podcast, we breakdown more macroeconomic news following the election, as well as the October Senior Loan Officer Survey (SLOOS) that was conducted prior to the election. We dive into Q4 2024 Real Estate Roundtable Sentiment Survey results and tease out Trepp’s newly published Special Servicing Report with October numbers. We close this week’s episode with several office, multifamily, and retail credit stories from the week. Tune in now. Episode Notes: Economic Update (0:25) Real Estate Roundtable Sentiment Survey (7:54) Trepp Special Servicing Report (16:38) Office stories in NY Suburb, Philadelphia and LA (21:48) Multifamily stories in Oregon, Texas and California (27:56) Retail stories in New Jersey and New York City (34:13) Industrial stories in 3 California cities: Ontario, Fontana, and San Bernardino (38:28) Programming Notes (40:07) Shoutouts (45:45) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp…

The TreppWire Podcast: A Commercial Real Estate Show

1
289. The (Swing) State of Real Estate: Election Results & CRE Impact, Fed Conundrum, Treasuries, & $100B in Issuance 43:57

há 18 weeks43:57

43:57

This week was a big one. In this week's episode of The TreppWire Podcast , we unpack it all - from how the incoming Trump Administration could impact commercial real estate (CRE) markets, to the Federal Reserve cutting interest rates for the second time this year. We discuss the “higher for longer” narrative, the impact of monetary policy on transactions, and how issuance should hit $100B this year. We also dig into the major CRE headlines from the week - including Blackstone’s $4B all-cash deal and Starwood’s $244M industrial park sale – and wrap up with notable office, retail, and multifamily credit stories. Tune in now . Episode Notes: Economic Update (1:40) Fed Press Conference (3:40) Bank Stock Surges (6:40) Trump Presidency Possible Impacts on CRE (12:01) Fed Monetary Policy (14:50) Property-type Investment Discussion (15:50) $100B in New Issuance (21:23) Blackstone All-Cash Deal & Starwood Industrial Park Sale (23:26) Notable Credit Stories (29:22) Programming Notes (38:19) Shoutouts (40:17) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp…

The TreppWire Podcast: A Commercial Real Estate Show

1
288. Demystifying NY Multifamily Rent Control & Rent Stabilization with Avi Schron, Cammeby's International 41:08

há 19 weeks41:08

41:08

In this timely and special guest episode of The TreppWire Podcast , we are joined by Avi Schron of Cammeby's International. Avi breaks down the difference between rent control and rent stabilization, shares his perspective on how multifamily rent control developed, and unpacks some of the biggest challenges that multifamily operators in NYC are currently facing. We also dive into rent stabilization’s impact on multifamily properties and share Trepp data that adds to the New York narrative. We discuss the role of data, technology, and innovation in the CRE industry, and wrap up the episode with Avi’s insights and advice into the industry. Tune in now . Episode Notes: Start in Real Estate Business (1:10) Rent Control & Rent Stabilization in NY (3:45) Challenges in Multifamily Operations (10:20) Cap Rate Data (13:28) Rent Guidelines Board (17:48) Office-to-Resi Conversions (24:30) View on CRE Industry Today (27:46) Role of Data, Technology & Innovation in the CRE Landscape (33:28) Rent Collection Challenges & Fraud (35:00) Election Implications for Housing (37:02) Real Estate Insights & Advice (38:58) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com . Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp…

The TreppWire Podcast: A Commercial Real Estate Show

1
287. Hope is Not a Strategy: CRE Extend & Pretend, Home Mortgage Rates, & Hot Hitting Stories 47:52

há 19 weeks47:52

47:52

In this week's episode of The TreppWire Podcast , we cover the recent mixed bag of GDP, consumer spending, and homes sales data. We also discuss the hot topics of the week, including the Fed staff report on “extend-and-pretend” and the LA Market with Dodgers winning the World Series. We wrap up the episode with more office loans being transferred to special servicing, but end on some positive credit stories. Tune in now . Episode Notes: - Economic Update (0:51) - Average Home Mortgage Rate (5:08) - Look into the LA Market (9:09) - "Extend-and-Pretend" Fed staff Report (11:50) - Brookfield Bank of America Plaza Loan (19:20) - Value of Office Property Slashed by 70% (22:17) - NY-based REIT Acquiring Retail Space (28:37) - Lodging Credit Stories (35:23) - Recent Industrial Sales (39:10) - Programming Notes (42:00) - Shoutouts (43:39) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com . Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp…

The TreppWire Podcast: A Commercial Real Estate Show

1
286. Bond Market Blues & CRE News: Special Servicing Transfers, Office Struggles, & Industrial Sales Transactions 55:21

há 20 weeks55:21

55:21

In this week's episode of The TreppWire Podcast, we examine the bond market selloff and rising yields impacting CRE ahead of a data-heavy economic calendar. We analyze a wave of special servicing transfers, including significant office properties in Boston and New York, and a major retail property in Portland. We also discuss notable transactions in the multifamily and industrial sectors, including deals in Virginia, California and Washington state. Tune in now. Episode notes : - Economic Update (0:23) - Multifamily news: Midtown Manhattan building for sale, 3 Illinois and Kansas senior-living loans sent to special servicing, and a new $50M acquisition in Virginia (17:30) - Office updates: loans sent to special servicing and a Virginia building with lower appraised value (24:37) - Retail trading alert: Suburban Portland mall loan sent to special servicing (37:33) - Industrial news: Seattle and Southern California recent acquisitions (39:39) - Programming Notes (44:55) - Shoutouts (47:36) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp…

The TreppWire Podcast: A Commercial Real Estate Show

1
285. CRE Pulse Check with Tri-State Insider James Nelson of Avison Young 35:08

há 20 weeks35:08