The TreppWire Podcast: A Commercial Real Estate Show

Seth Glasser, Senior Managing Director at Marcus & Millichap, shares his expertise as a top multifamily agent in New York. He discusses the challenges of NYC's evolving legislation and the shifting market dynamics. Interesting insights emerge on the role of government in housing and the complexities of 1031 exchanges. Seth also highlights the growing demand for affordable housing and the impact of economic changes on buyer motivations. Tune in for a deep dive into the opportunities awaiting investors in the NYC multifamily sector!

The discussion kicks off with a deep dive into economic indicators, examining whether we're truly on a soft landing path or facing hard truths. Recent billion-dollar commercial real estate deals grab attention, especially highlighting notable acquisitions. The spotlight is also on alarming double-digit office delinquencies, raising questions about the sector's health. Plus, Burlington reveals plans to open 100 new stores by 2025, and Spinoza's strategic buy of White Marsh Mall adds intrigue to the retail landscape.

This week dives into the contrasting fates of consumers, with insights on Walmart's and Target's retail performances. The discussion also highlights Blackstone's $200 million Soho acquisition and the challenges faced by malls like Rimrock and Riverside Park. Attention turns to substantial commercial loans, including a dramatic refinancing of $3 billion and SL Green's notable Park Avenue purchase. Wrapping up, the hosts reflect on gratitude, the upcoming NYU conference, and the complexities of navigating the current real estate market.

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.

Tune in for an engaging discussion on recent macroeconomic shifts and their impact on the commercial real estate landscape. The conversation highlights rising special servicing rates, particularly in the distressed office sector. Discover insights from the October Senior Loan Officer Survey and the latest sentiment survey from industry experts. They also explore recent trends across multifamily, retail, and industrial markets, including notable transactions and challenges, all while embracing a tone of cautious optimism.

This week dives deep into the implications of the recent U.S. elections on commercial real estate. The discussion highlights the Federal Reserve's approach to interest rates and how it shapes market dynamics. Key insights include Blackstone's impressive $4 billion acquisition and Starwood's noteworthy sale. They also forecast a remarkable $100 billion in new CMBS issuance. With a blend of serious analysis and light banter, the show explores diverse property sectors and strategic investment opportunities.

Avi Schron, Executive Vice President of Cammeby's International, shares his expertise in New York's multifamily real estate landscape. He unpacks the differences between rent control and rent stabilization, shedding light on their historical development. The discussion gets real as Avi addresses the financial strains on landlords and the challenges of rent collection. He also explores the shift towards office-to-residential conversions and highlights how technology is revolutionizing property management. Finally, he offers valuable insights for navigating the complexities of the current CRE market.

This discussion dives into the latest economic data, spotlighting mixed results in GDP and consumer spending. The rising home mortgage rates heavily impact homebuilders, prompting strategic shifts. An insightful comparison reveals LA's commercial real estate thrives post-Dodgers' World Series win. The 'extend and pretend' strategy emerges in managing troubled loans, with both risks and potential restructurings. Lastly, trends in industrial real estate transactions highlight vibrant market activity across various states.

In this week's episode of The TreppWire Podcast, we examine the bond market selloff and rising yields impacting CRE ahead of a data-heavy economic calendar. We analyze a wave of special servicing transfers, including significant office properties in Boston and New York, and a major retail property in Portland. We also discuss notable transactions in the multifamily and industrial sectors, including deals in Virginia, California and Washington state. Tune in now. Episode notes: - Economic Update (0:23) - Multifamily news: Midtown Manhattan building for sale, 3 Illinois and Kansas senior-living loans sent to special servicing, and a new $50M acquisition in Virginia (17:30) - Office updates: loans sent to special servicing and a Virginia building with lower appraised value (24:37) - Retail trading alert: Suburban Portland mall loan sent to special servicing (37:33) - Industrial news: Seattle and Southern California recent acquisitions (39:39) - Programming Notes (44:55) - Shoutouts (47:36) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG    Questions or comments? Contact us at podcast@trepp.com.    Follow Trepp:  Twitter: www.twitter.com/TreppWire  LinkedIn: www.linkedin.com/company/trepp

In this special guest episode of The TreppWire Podcast, we are joined by James Nelson, Principal and Head of Tri-State Investment Sales at Avison Young, and renowned investment sales broker. James shares his journey into commercial real estate (CRE), his insider advice for others in the market, and his thoughts on the current state of play in NYC. We also discuss office-to-residential conversions, the importance of knowing the data - and of course - the impact of interest rate cuts on the industry. Tune in now. Episode Notes: Start in CRE & Current Role (1:41) Bullish on Multifamily (5:15) What We're Seeing in the Market (8:40) Office-to-Residential Conversions (10:45) Unique Deal of the Year (15:03) Being in the Information Business (18:38)  Ask Me Anything (22:05) The Insider's Edge (25:21)  Where the CRE Opportunities will be in 2025 (29:01) Investors Jumping Back in (31:19)  Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com. Follow Trepp:Twitter: www.twitter.com/TreppWireLinkedIn: www.linkedin.com/company/trepp