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Odd Lots

Lots More on the Big Can Kick in Commercial Real Estate

Mar 22, 2024
Rich Hill, head of real estate strategy and research at Cohen & Steers and former Morgan Stanley expert, dives deep into the resilience of the commercial real estate market. He discusses how despite increasing defaults, the anticipated doomsday scenario hasn’t materialized. Hill elaborates on the 'prisoner's dilemma' where lenders and borrowers are working together to extend loans. He also analyzes the challenges of declining office valuations and the potential for a durable recovery amidst high vacancy rates and changing investor behaviors.
21:58

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Lenders and borrowers amend loans to sustain commercial real estate, signaling surprising market resilience.
  • Rethinking urban landscapes and repurposing underutilized commercial properties offer opportunities for sustainable development.

Deep dives

Financial Services Deciding Between Build and Buy for Gen AI and the Tax Function

Financial services firms are in a dilemma between building and buying for Gen AI and the tax function. The main question for clients revolves around the decision to build tax models internally or opt for third-party providers with established investments. Technology budgets are under strain, and upskilling costs add complexity. The challenge lies in finding tax talent in the competitive marketplace.

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