The TreppWire Podcast: A Commercial Real Estate Show

Explore the turbulence in the bond market as the U.S. presidential election looms. Recent bank earnings hint at a soft landing, but retail giants like Walgreens and 7-Eleven are closing stores. Office loans are facing drastic value cuts, with some sent to special servicing. On a brighter note, multifamily acquisitions are making waves, underscoring ongoing interest in diverse commercial real estate opportunities. Tune in for insights into economic trends and innovative solutions shaping the market.

In this week's episode of The TreppWire Podcast, we analyze Hurricane Milton's impact on CRE, the latest CPI reading (and drop-off in attention it is receiving), and the increase in jobless claims. We share data for special servicing rates and loan losses and dig into recent credit stories including office market trends, retail special servicing issues, and multifamily property transactions. We also explore industrial sector performance and lodging market shifts. Tune in now. Episode Notes: - Macro news: Hurricane Milton, new CPI reading, Fat Bear Week (0:23)- Insurance premium risk (8:00)- CMBS Special Servicing Report (11:45)- CMBS Loan Losses (17:49)-Office news (20:58)- Retail: Special Servicing and Loan Performance Issues (33:03)- Multifamily: Special Servicing and Property Transactions (34:25)- Industrial: Warehouse Demand and Logistics Trends (38:49)- Lodging: Hotel Performance and Travel Industry Update (43:23)- Programming Notes (46:21)- Shoutouts (51:02) 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

In this week's episode of The TreppWire Podcast, we analyze Hurricane Milton's impact on CRE, the latest CPI reading (and drop-off in attention it is receiving), and the increase in jobless claims. We share data for special servicing rates and loan losses and dig into recent credit stories including office market trends, retail special servicing issues, and multifamily property transactions. We also explore industrial sector performance and lodging market shifts. Tune in now. Episode Notes: - Macro news: Hurricane Milton, new CPI reading, Fat Bear Week (0:23) - Insurance premium risk (8:00) - CMBS Special Servicing Report (11:45) - CMBS Loan Losses (17:49) -Office news (20:58) - Retail: Special Servicing and Loan Performance Issues (33:03) - Multifamily: Special Servicing and Property Transactions (34:25) - Industrial: Warehouse Demand and Logistics Trends (38:49) - Lodging: Hotel Performance and Travel Industry Update (43:23) - Programming Notes (46:21) - Shoutouts (51:02) 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 a special episode of The TreppWire Podcast, we partnered with The Massimo Group to step away from the data and break down the practice of exceptional CRE brokerage. Rod Santomassimo and Mike Gallegos share their advice and feedback for CRE participants looking to dominate in this industry, across various asset classes, market cycles, and geographies. Given where we're at in the cycle, we examine what differentiates commodity brokers vs. industry-leading brokers. Tune in now. If you want to attend MassimoCon, use discount code Trepp at checkout: https://xm105.infusionsoft.app/app/orderForms/04d15fa3-ead6-4cb3-9d08-6807763b48a6?cookieUUID=76b13f07-46d1-4b9d-bc2f-dd80859cec91 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

This week, before 45,000 dockworkers at 36 American ports went on strike, Fed Chair Powell stated that the U.S. economy is in solid shape and the Fed intends to keep it that way... In this week's episode of The TreppWire Podcast, we break down the news of the week, including the port strike, Fed speak, and macro figures like jobs and PMI, and explain the impact on CRE. We also share our latest data for CMBS and bank CRE loan delinquencies, and examine the immediate impact of Hurricane Helene on CRE. Tune in now. Episode notes: Economic update (0:25) Debt market insights (6:45) September CMBS delinquency data (11:21) Bank CRE loan performance (T-ALLR) Q2 2024 (15:45) Hurricane Helene impact (27:09) Office sector (32:05) Multifamily transactions (41:58) Industrial sale (44:45) Hotel value reduction (45:25) Shoutouts (45:11) 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

This week, experts delve into the Fed's recent rate cut and its mixed impact on the commercial real estate scene. They share insights from the Bulls and Bears Report, spotlighting U.S. metro performance trends. The hotel sector shines with rising occupancy rates, while self-storage investments attract attention. On the flip side, some office properties face significant financial challenges as tenant vacancies rise. Tune in for a lively discussion on these shifting dynamics in the ever-evolving market!

In this special guest episode of The TreppWire Podcast, we are joined by Adam Behlman, Adrienne Coyle, and Natan Bresler of Starwood Property Trust (Starwood). The Starwood team walks us through the background of their firm and the launch of Starwood Solutions. We talk through CMBS market trends and insights on how this market compares to others that we have seen over the years. We also discuss commercial real estate cycles, recent Trepp data, and a sense of optimism in the industry. Episode Notes: - Starwood Background (1:14) - Comparing This Year to Last Year (9:25) - Thoughts on Multifamily (18:05) - Solution-side of the Starwood Business (23:00) - Data on Bank CRE Exposure (27:00) - What We’re Seeing in the Market (33:45) - Discussing Debt Yield, Cap Rates & Underwriting (39:42) - Shoutouts (44:16) 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

The podcast reveals the Fed's recent 50 basis point interest rate cut and its potential effects on commercial real estate. It highlights challenges in the office sector, such as declining occupancy and special servicing concerns. Amidst bankruptcy news from Big Lots, the retail landscape is examined. Issues in the lodging sector are also addressed, with insights on falling property values. Additionally, trends in CMBS delinquency offer a glimpse into the market's recovery potential and forthcoming research reports.

Chad Carpenter, CEO of Reven Office REIT, discusses the evolving office market, revealing insights from the frontline of commercial real estate. He highlights the challenges of high distress rates and delinquency while contrasting urban and suburban dynamics post-COVID. Chad shares strategies for navigating the capital void in office debt and discusses the vital role of loan maturities. Listeners gain valuable perspectives on market resilience and the impact of remote work on investment strategies.

Skylar Romines, founder of ATW Advisors and a self-proclaimed insurance nerd, dives into her journey from commercial insurance broker to entrepreneur. She unpacks the current state of the commercial property insurance market, discussing rising costs and challenges faced by brokers. Skylar also highlights the importance of proactive engagement with insurance carriers and shares insights on leveraging social media to empower women in the industry. Her passion for advocating for clients is both inspiring and informative.