Tariffs, Data Blackouts & Pricing Reset – CRE’s Quiet Strength

Tariff shock, federal data blackout, and CRE dealmaking…still strengthening. This week, a new 100%-tariff threat on China could rejigger aluminum/steel inputs that already jumped 50%+ in Cushman & Wakefield’s math, and the federal shutdown kept key economic releases in the dark. Manus Clancy and Dianne Crocker break down what it all means on the ground: how tariffs could slow new development (and support pricing), encouraging signs from big banks, and the great office reset in full swing. See the Midtown tower that sold at 43% below its 2007 mark. We also hit the $40B BlackRock–NVIDIA data-center pact, sturdier Q3 bank prints, and why multifamily is crowding institutional pipelines. Plus, a $660M loan modification negotiated by Iron Hound Management on a national office/industrial portfolio highlights how uncertainty around GSA lease risk is complicating refis. Bottom line: volatility may be rising, but CRE isn’t flinching. Investors remain disciplined and focused on deals that pencil. 

03:30 Impact of Tariffs on Construction and CRE
08:20 Bank Earnings and Corporate Failures
13:13 Commercial Real Estate Trends
17:39 Federal Shutdown Effects on CRE
21:54 Leases and Transactions in the Office Segment
26:38 Industrial Sector Boom
31:26 Luxury Developments and Market Dynamics

Have questions for the pod team? Send them to Podcast@LightBoxRE.com. 

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