In this week's episode of The TreppWire Podcast, we analyze January's hotter-than-expected CPI print and Fed Chair Powell's Congressional testimony on rate cuts. We break down the mechanics of recourse loans and personal guarantees in distressed deals, like The Hotel Carter near Times Square. We then examine three major office refinancing deals in Midtown Manhattan totaling over $2.8 billion. We also dig into DOGE's federal real estate reduction strategy and its implications for commercial real estate, particularly in the DC market. We also discuss a few retail stories including Joann Fabrics' closing of 500 stores, Blackstone's $4 billion retail portfolio acquisition, and Party City's hundreds of lease rejections. Plus, we introduce TreppAI, our new artificial intelligence-powered search tool. Tune in now.
Episode Notes:
- Economic Update: CPI Print, FedWatch, & Capital Markets (1:31)
- Recourse Loans 101 & America’s Dirtiest Hotel (13:19)
- Positive Office News in Midtown Manhattan (23:04)
- DOGE’s Federal Real Estate Cuts & Implications for CRE (29:34)
- Retail store closures, acquisitions, and redevelopments (36:30)
- Trepp Connect (in NYC) conference in Rockefeller Center in May (42:10)
- New TreppAI Search Feature & Examples (44:00)
- MBA CREF25 & Shoutouts (47:43)
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