The TreppWire Podcast: A Commercial Real Estate Show

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

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