In this week's episode of The TreppWire Podcast, we discuss the markets that are still on edge as investors weighed fresh inflation data, a mixed jobs report, and renewed speculation around the Fed’s next move. We share fresh CMBS delinquency data and tease distress and loss data through the eras. We discuss two Westfield mall loans – one with a value reduction and another sent to special servicing. There is positive office news with Deloitte moving its North American headquarters to Hudson Yards, but negative stories with zombie buildings in Chicago impacting the surrounding market. We close the episode with industrial and warehouse transactions, including a Blackstone affiliate warehouse portfolio sale. Tune in now.
Episode Notes
· Economic Update (1:04)
· Port Shipments down from Tariffs (7:23)
· March JOLTS Data (9:53)
· April 2025 CMBS Delinquency Report (11:22)
· Preview: CMBS Distress through the Eras (15:32)
· Westfield Mall Loans (23:41)
· Deloitte Moving HQ to Hudson Yards (28:29)
· Zombie Buildings in Chicago (31:24)
· Industrial & Warehouse Transactions (34:34
· Programming Notes (38:04)
· Shoutouts (40:53)
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