The Walker Webcast

Dr. Peter Linneman, a distinguished economist and Professor Emeritus at The Wharton School of Business, joins the conversation to dissect pressing economic issues. They delve into the potential impacts of tariffs on GDP and inflation, alongside the complexities of the housing market facing skyrocketing prices. The discussion also highlights the disconnect between economic sentiment and reality, scrutinizing retail sales statistics. Listeners are urged to focus on economic fundamentals amid market volatility and evolving consumer dynamics.

Dive into the intriguing world of finance as Tom Michaud unpacks the complexities of tariff uncertainties and trade dynamics. Explore the challenges small businesses face in a shifting economic landscape. The conversation also tackles the evolving realm of crypto and stablecoins, alongside the current trends in mergers and acquisitions. Plus, get insights on how oil prices and inflation expectations are intertwined, and discover the necessity of financial strategies to navigate market volatility.

Aaron Appel, a Senior Managing Director specializing in Capital Markets, joins Kris Mikkelsen, an Executive VP in Investment Sales, and Ivy Zelman, an EVP focusing on Research and Securities. They dive into the complexities of the commercial and housing markets, discussing the impact of tariffs and the interplay between demand and supply. They emphasize a cautious optimism in the market's recovery, the resilience of luxury real estate in Florida, and changing cap rates in multifamily investments. They also explore the benefits of recent regulatory changes for landlords.

Celebrate five years of rich conversations by exploring past highlights. Discover insights on navigating economic challenges, especially in commercial real estate. Reflect on the transformations after the pandemic and how various sectors are adapting. Delve into investment resilience despite fluctuating incomes. Learn about the importance of health monitoring in armed services and personal growth. Examine persuasive leadership, societal issues like homelessness, and the evolving landscape of affordable housing.

Jon Gray, President and COO at Blackstone, shares his remarkable journey in finance, reflecting on his 33 years with the firm. He discusses Blackstone's strategic shift to single-family rentals and the creation of Invitation Homes, alongside insights into the multifamily market and data centers. Jon dives into the importance of AI in enhancing operational efficiency and the rise of private credit. Along the way, he offers invaluable advice for young professionals and emphasizes resilience and authenticity in leadership.

Joanna Zabriskie, CEO of BH Management, transforms the multifamily property sector with her innovative leadership. She shares insights on the current market landscape, discussing challenges and the critical role of trustworthy management partnerships. Joanna emphasizes the importance of data visualization for informed decision-making and how technology integration can drive success. Listeners will learn about BH Management’s growth, strategic use of data, and the implications of their recent acquisition by Pretium, enhancing the future of residential housing.

Michelle Herrick, Head of Commercial Real Estate at JPMorgan Chase, shares her expertise in navigating commercial banking. She discusses powerful leadership principles that drive accountability and success in large organizations. Herrick dives into the emergence of private credit and its impact, while also addressing the future of office spaces in a post-pandemic world. Her insights on client relationships, economic fluctuations, and innovative strategies for financing data centers reveal a dynamic and evolving landscape in commercial real estate.

Join Jim Millstein, Co-Chairman of Guggenheim Securities and expert in financial restructuring, Jim Parrott, Owner of Parrott Ryan Advisors with deep ties to housing finance, and Mark Zandi, Chief Economist at Moody's Analytics, as they explore the pressing question of whether Fannie Mae and Freddie Mac should be privatized. The trio debates the potential economic impacts, analyzes the intricacies of the mortgage market, and discusses the critical role these agencies play in stabilizing housing finance. Their insightful conversation sheds light on the delicate balance between government support and market dynamics.

Scott Rechler, CEO and Chairman of RXR Realty, is a pivotal figure in New York's real estate scene. In this conversation, he shares his optimistic outlook on the U.S. economy and discusses the impact of rising interest rates on the commercial real estate market. Rechler highlights innovative strategies his firm employs in multifamily housing development, the challenges of the NYC office sector, and trends in workplace evolution. He also delves into creative solutions for transforming outdated malls into vibrant community spaces.

David Barry, President and CEO of Pursuit, shares his remarkable journey from ski instructor to a leader in hospitality and adventure tourism. He discusses how his background influences his leadership style and the culture at Pursuit, emphasizing humility and the importance of building connections. Barry highlights the transformation of ski resorts post-crisis and the essential values of safety and guest experience at Pursuit. He also offers insightful advice for young professionals and reflects on the unique experiences that drive a love for the outdoors.