New York City Housing Board Approves 3% Rate Hike for Landlords

In this episode, we discuss what we saw in the markets, starting with stocks hitting a wall after Fed Chair Powell indicated that more interest rate hikes were necessary. In CMBS, we dive into new issue pricing that provides market clarity. We also have a lot of CRE news to cover; a large apartment loan going to special servicing, office valuation reductions, some signs of life for the NYC office market, and several stories in industrial and life sciences. Episode Notes: • Economic updates (0:23) • New issue pricing (7:39) • Multifamily news (13:15) • Office valuations (18:29) • Office stories (20:29) • Signs of life for NYC office (23:20) • Retail green shoots (27:18) • Negative retail news (29:02) • Industrial headline (32:11) • Life science stories (32:57) • Shoutouts (38:29)