In this week's episode of The TreppWire Podcast, we discuss the latest CPI reading, expected Fed interest rate cut, nonfarm payrolls, and the City of Yes zoning reform plan that was approved by the New York City Council this week. In commercial real estate news, we examine the latest talks of spinning off Macy’s real estate portfolio and the Kroger and Albertsons merger that turned into a lawsuit. 

We also examine several office stories, including a residential conversion, large lease renewal and acquisitions and appraisal value reductions. In multifamily we talk about a student-housing acquisition and a few special servicing transfers and value reductions. Tune in now. 

Episode Notes:

- Economic Update: latest CPI reading, expected Fed rate cut, Macy’s real estate portfolio, Kroger-Albertson’s merger turned lawsuit, nonfarm payrolls (00:23)

- Wall Street firms, AvalonBay Communities, a multifamily REIT, buying or developing single-family homes (13:19)

- City of Yes Zoning Reform Plan Approved by City Council (19:29)

- Office stories: residential conversion, acquisitions, lease renewal and appraisal value reductions (26:44)

- Multifamily: student-housing acquisition & special servicing transfers (38:32)

- Lodging: value reduction of a Portland hotel (44:13)

- Programming Notes (46:36)

- Shoutouts (48:36)

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