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)

 

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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)  

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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)

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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) 

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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)

 

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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)

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In this special guest episode of The TreppWire Podcast, we are joined by James Nelson, Principal and Head of Tri-State Investment Sales at Avison Young, and renowned investment sales broker. James shares his journey into commercial real estate (CRE), his insider advice for others in the market, and his thoughts on the current state of play in NYC. We also discuss office-to-residential conversions, the importance of knowing the data - and of course - the impact of interest rate cuts on the industry. Tune in now.

Episode Notes:

• Start in CRE & Current Role (1:41)
• Bullish on Multifamily (5:15)
• What We're Seeing in the Market (8:40)
• Office-to-Residential Conversions (10:45)
• Unique Deal of the Year (15:03)
• Being in the Information Business (18:38) 
• Ask Me Anything (22:05)
• The Insider's Edge (25:21) 
• Where the CRE Opportunities will be in 2025 (29:01)
• Investors Jumping Back in (31:19) 

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

Questions or comments? Contact us at [email protected].

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In this week's episode of The TreppWire Podcast, we discuss the anticipated bond market volatility surrounding the upcoming U.S. presidential election and analyze recent bank earnings that suggest a potential soft landing. We break down several office loans struggles, including major value reductions and special servicing transfers. We also share signs of shakiness in the retail market, highlighted by drugstore and discount store closure announcements. On a brighter note, we share some multifamily transactions penciling in across the country. Tune in now. 

Episode Notes: 
- Economic Update (0:24)  

- Walgreens and 7-Eleven Store Closures (14:49)  

- Office Loan Reductions (25:04)  

- Rock Center Commercial Mortgage Bond Deal (28:29)  

- San Antonio Office Loan Sent to Special Servicing (33:33)  

- Retail Property Appraisal Value Reduction (35:48)  

- St. Louis Hotel Facing an Upcoming Maturity Default (40:30)  

- Floyd Mayweather Manhattan Housing Portfolio (43:05)  

- Phoenix Apartment Complex Acquisition (45:29)  

- Cleveland Industrial Property Acquisition (46:21)  

- Programming Notes (47:35)  

- Shoutouts (51:44) 

 

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In this week's episode of The TreppWire Podcast, we analyze Hurricane Milton's impact on CRE, the latest CPI reading (and drop-off in attention it is receiving), and the increase in jobless claims. We share data for special servicing rates and loan losses and dig into recent credit stories including office market trends, retail special servicing issues, and multifamily property transactions. We also explore industrial sector performance and lodging market shifts. Tune in now.

Episode Notes:

- Macro news: Hurricane Milton, new CPI reading, Fat Bear Week (0:23)
- Insurance premium risk (8:00)
- CMBS Special Servicing Report (11:45)
- CMBS Loan Losses (17:49)
-Office news (20:58)
- Retail: Special Servicing and Loan Performance Issues (33:03)
- Multifamily: Special Servicing and Property Transactions (34:25)
- Industrial: Warehouse Demand and Logistics Trends (38:49)
- Lodging: Hotel Performance and Travel Industry Update (43:23)
- Programming Notes (46:21)
- Shoutouts (51:02)

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

Questions or comments? Contact us at [email protected].

Follow Trepp:
Twitter: www.twitter.com/TreppWire
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In this week's episode of The TreppWire Podcast, we analyze Hurricane Milton's impact on CRE, the latest CPI reading (and drop-off in attention it is receiving), and the increase in jobless claims. We share data for special servicing rates and loan losses and dig into recent credit stories including office market trends, retail special servicing issues, and multifamily property transactions. We also explore industrial sector performance and lodging market shifts. Tune in now. Episode Notes: - Macro news: Hurricane Milton, new CPI reading, Fat Bear Week (0:23) - Insurance premium risk (8:00) - CMBS Special Servicing Report (11:45) - CMBS Loan Losses (17:49) -Office news (20:58) - Retail: Special Servicing and Loan Performance Issues (33:03) - Multifamily: Special Servicing and Property Transactions (34:25) - Industrial: Warehouse Demand and Logistics Trends (38:49) - Lodging: Hotel Performance and Travel Industry Update (43:23) - Programming Notes (46:21) - Shoutouts (51:02) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at [email protected]. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp

In a special episode of The TreppWire Podcast, we partnered with The Massimo Group to step away from the data and break down the practice of exceptional CRE brokerage. Rod Santomassimo and Mike Gallegos share their advice and feedback for CRE participants looking to dominate in this industry, across various asset classes, market cycles, and geographies. Given where we're at in the cycle, we examine what differentiates commodity brokers vs. industry-leading brokers. Tune in now. If you want to attend MassimoCon, use discount code Trepp at checkout: https://xm105.infusionsoft.app/app/orderForms/04d15fa3-ead6-4cb3-9d08-6807763b48a6?cookieUUID=76b13f07-46d1-4b9d-bc2f-dd80859cec91 Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at [email protected]. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp