The TreppWire Podcast: A Commercial Real Estate Show 291. Bobbing & Weaving: Blackstone Bets, Broker Fees Banned, Mayweather's Office Play, SASB Credit Stories
Nov 22, 2024
Topics include NYC's ban on tenant-paid broker fees and the economic impact of potential Trump tariffs. Blackstone's $8 billion acquisition of Jersey Mike's raises questions about the retail sector's future. Floyd Mayweather Jr. makes waves with an investment in distressed office properties. Other highlights feature significant trading alerts in Manhattan and celebrity real estate moves, including John Mayer's $40 million purchase of the Jim Henson Company Lot. The episode also covers the financial strains facing companies like Red Lobster.
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Bond Market and Inflation
- The bond market's lack of movement reveals inflation's stickiness and uncertainty about future bond yields.
- Geopolitical events and tariff talks contribute to market uncertainty and economic concerns.
Rate Cut Uncertainty
- Proposed Trump fiscal policies, viewed as inflationary, create uncertainty about future rate changes.
- A rate cut followed by an uptick could negatively impact the market.
Spirit Airlines Bankruptcy
- Spirit Airlines' bankruptcy is due to a failed merger with Frontier, deemed anti-competitive.
- This highlights the consequences of blocked mergers on shareholder value.