The TreppWire Podcast: A Commercial Real Estate Show 319. Liberation or Uncertainty? Tariff News, CMBS Delinquencies Back Up, & CRE CLO Issuance
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Apr 4, 2025 Discover the economic impact of recent tariff announcements and their ripple effects on commercial real estate. Hear about Microsoft’s pullback on data centers and SimonCRE’s ambitious retail plans. Explore rising CMBS delinquency numbers by property type and a major $1.1 billion CRE CLO deal by TPG RE Finance Trust. Learn about notable office transactions and industrial acquisitions in Florida and Washington amidst evolving market dynamics. Plus, get details on an upcoming conference for networking and education in the industry.
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Tariff News Dominates
- Macroeconomic data releases, including ISM manufacturing prices and JOLTS job openings, were overshadowed by tariff announcements.
- These announcements dominated market focus, impacting discussions on other economic indicators.
Market Pessimism on Tariffs
- Market reaction to tariffs has been negative, with economists suggesting potential for further downside.
- Data shows a mix of inflationary pressures, job opening declines, and negative GDP growth estimates.
Tariffs: Clarity and Pain
- Announced tariffs are more concrete and strategic than previously discussed threats.
- They introduce short-term pain but also some clarity for businesses, impacting consumer confidence and GDP.