The TreppWire Podcast: A Commercial Real Estate Show

There was a lot of economic data this week with CPI, PPI, Fed minutes, and earnings season beginning. But after last weekend’s carnage in Israel, we pause to balance the data and headlines amid the horror. In this week’s episode of The TreppWire Podcast, we also break down comps for office, hotels, multifamily properties, and industrial buildings. Tune in now. Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Episode Notes: • Economic update and the war in the Middle East (0:23) • Loan payoffs hit 20-month low (9:45) • Banking sector news (13:59) • Valuations in the market (17:40) • Office green shoots and crab grass (21:58) • Industrial comps (30:43) • Hotel headlines (33:41) • Multifamily comps (37:53) • Shoutouts (45:30) Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp Facebook: www.facebook.com/TreppLLC

In this week’s episode, we discuss rising rates, a jump in risk premiums, and several painful comps in the commercial real estate market. The Trepp team searches for silver linings in a tough CRE market, we share positive retail stories, a lot of green shoots and crab grass for office, multifamily comps galore, and an industrial story to note. We also talk about NYC rent control and the retail apocalypse version in the office market. Tune in now. Episode Notes: • Economic update: stagflation, jobs, rates (0:23) • NYC rent control discussion (3:27) • Risk in the market (5:25) • Banks' unrealized losses (8:00) • Positive news for the retail market (10:24) • Office green shoots (21:18) • Office crabgrass (28:35) • The retail apocalypse of the office market (32:48) • Multifamily news and comps (39:28) • Industrial story (45:10) • Shoutouts (47:55) Questions or comments? Contact us at podcast@trepp.com. Please take our listener feedback survey: https://www.surveymonkey.com/r/BMPXLHG Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp Facebook: www.facebook.com/TreppLLC

In this podcast, the hosts discuss the impact of rising treasury yields and oil prices on the stock market, along with the increase in mortgage costs and its effect on the housing market. They also explore downsizing and office space changes in various cities, positive news in the office real estate market, and the challenges faced by the retail industry.

218. Life, Lending, & Rock 'n' Roll: The Father of CMBS, Ethan Penner, Tells us How it all Started features Ethan Penner, the pioneer of commercial real estate finance and creator of CMBS back in the 1990s. In this podcast, Ethan breaks down his life in CRE, discussing topics such as the S&L crisis, guard rails for new market entrants, the cause of the Great Financial Crisis, how CMBS got started, and his new book. Plus, he shares some stories about his famous rock 'n' roll parties.

This podcast focuses on the post-Fed decision discussion, including the Dot Plot and the 'higher for longer' narrative. They also cover topics such as insurance expenses, a REIT bankruptcy filing, office challenges, retail updates, and interesting multifamily comps.

In a special guest episode, we welcome Twitter CRE sensation, StripMallGuy. After a successful career as a value-add retail buyer, StripMallGuy added the title of influencer to the resume. Here, we discuss the ins and outs of strip malls, how to balance social media and the day job, breaking into the industry, and more. Tune in now. The episode is sponsored by The Henley Group: https://www.thehenleygroup.com/ Episode Notes - Behind StripMallGuy (0:23) - Why strip malls? (5:05) - Adjusting to tighter credit conditions and a resilient consumer (6:15) - Balancing social media and the job (8:50) - Position as a value-add buyer (13:26) - "We don't 1031, we don't cost seg, we don't finance on the front-end of the deal..." (16:51) - The no-nos: Chick-fil-A, dry cleaners, & karate (21:07) - Mom & pop vs. national tenants (23:59) - Rookie mistakes (28:13) - Negotiating: LOI vs. signed contracts (32:09) - StripMallGuy's 'Black Swan' Event (36:07) - Converting mom and pop to triple net lease structure (38:54) - What would StripMallGuy be doing if not in CRE? (41:56) - Best thing about NYC (42:25) - HOAs (43:38) Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp Facebook: www.facebook.com/TreppLLC

In this week's episode, we break down the latest economic data and share several large commercial real estate stories. Starting with the news of more companies downsizing their office space, and closing with multifamily comps, we'll dive into the stories we've been tracking (some for many years). We also discuss note sales vs. loan extensions. Tune in now. Episode Notes: • Economic update: inflation, gas prices (0:23) • Office news to know (10:28) • Note sales or extensions? (19:59) • Hotel headlines (34:50) • Multifamily comps (40:33) • Shoutouts (43:05) Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp Facebook: www.facebook.com/TreppLLC

Is there a soft- or crash-landing looming? In this week’s episode of The TreppWire Podcast, we discuss a healthy pause in the markets, and debate whether something darker is lurking. Rising unemployment numbers and depleted household savings don’t deter the commercial real estate green shoots, and we even see positive signs for the California office market. We also break down the FDIC sale of Signature Bank’s loans, and share multifamily, retail, hotel, and industrial news. Tune in now. Episode Notes: Economic update: stocks, jobs (0:23) FDIC loan sale (9:45) Positive office stories (13:57) Other happenings in office (20:45) Apartment sale and multifamily stories(28:45) Retail news (35:18) Hotel sale (38:37) Industrial story (42:02) Shoutouts (44:53) Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp Facebook: www.facebook.com/TreppLLC

This podcast episode discusses an economic update, the potential bankruptcy of Rite Aid and its impact on loans, the latest CMBS delinquency report, apartment complex sales in different locations, the sale of a stake in the Bellagio Hotel and Casino, and a Nashville office deal. The hosts also mention upcoming research on student housing and share personal anecdotes.

In this special guest episode of The TreppWire Podcast, Bob Knakal, Head of NY Private Capital Group at JLL, and legendary NYC CRE sales broker, joins the team to give a data-driven state of the market. We talk about data that moves the market, liquidity in the current environment, transaction volume stats, retail green shoots, public policy, Seinfeld, and much more. Tune in now. Episode Notes: - Knakal by the numbers (2:49) - Liquidity in the current environment (4:37) - What impacts transaction volume? (8:09) - Comparison of past crises; when does risk come back on? (12:25) - How do you serve the market with data? (16:35) - Complexity of NYC data (19:15) - How's the market? (23:42) - Data that moves the market (28:06) - How does your day differ today from 20 years ago?(37:10) - The Map Room (40:05) - NYC public policy (46:15) Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp