In this week's episode of The TreppWire Podcast, we dive into growing economic concerns, from stagflation risks and the ongoing market uncertainty related to tariffs and Federal Reserve policy. We discuss the quality of the monthly jobs data to forecast future demand, and break down the latest retail sales data and performance, highlighting mixed earnings reports - such as Home Depot’s slight revenue dip amid elevated interest rates. Shifting to the office sector, we spotlight the upcoming October opening of J.P. Morgan’s new $3 billion headquarters and discuss how NYC office visits have, for the first time, surpassed pre-pandemic levels. We also explore the complexities of converting office buildings to residential use in NYC, share updates on office origination data across the country, and report on three notable special servicing transfers. Tune in now.
Episode notes:
- Economic Update: Stagflation Risks (0:28)
- Market Uncertainties & Data Reliability (8:58)
- Retail Sales & Performance Overview (15:08)
- J.P. Morgan Headquarters Completion (20:16)
- Office-to Resi Conversion Challenges (24:31)
- Office Originations (29:06)
- Two Special Servicing Transfers (32:10)
- New Hampshire Mall Loan Transferred to Special Servicing (41:15)
- Programming Notes (42:56)
- Shoutouts (44:56)
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