Navigating the Shifting Economic Landscape

With headlines shifting by the hour, we brought in two experts for a timely update on the macro landscape and its impact on commercial real estate (CRE). In this special guest episode of The TreppWire Podcast, we are joined again by Danielle DiMartino Booth, CEO & Chief Strategist at Quill Intelligence, and Dan McNamara, Founder & CIO of Polpo Capital to give a pulse check after the June Fed meeting and changing geopolitical challenges. We discuss the outlook for 2025 rate cuts, the “higher for longer” narrative, pressing concerns around job losses, and the complexities of interpreting economic data in today’s uncertain environment. In commercial mortgage-backed securities (CMBS), we talk about strong issuance, predictable delinquency rates, and single-asset, single-borrower (SASB) trends. We also dive into the “haves” and “have nots” across property types and examine how artificial intelligence (AI) is reshaping the industry. Tune in now.

Episode Notes:

• Introductions & Pulse Check (1:04)
• Post-FOMC Meeting Insights (3:35)
• Impact of a Rate Cut on CRE Market (7:38)
• Market Challenges & Pressure on Banks (12:45)
• Does Economic Data Matter for the Markets? (18:30)
• Is There Market Resilience? (23:40)
• Lodging Market: Financials vs. Property Upkeep (25:20)
• Impact of AI (29:24)
• Single-Asset, Single-Borrower (SASB) Update (40:04)

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