CRE Exchange: Commercial Real Estate, Property Valuations, Real Estate Analytics and Property Tax

From a 20.5% surge in new home sales and persistent affordability challenges in the existing market, to rising inflation, consumer sentiment drops, and labor market paradoxes, our hosts Omar Eltorai and Cole Perry explore how these factors are influencing CRE demand and investment strategy.Also, special guest Dan Kudrik, Senior Director at Altus, adds his perspective on the human edge in real estate, and highlights how valuation, residual values, and transparency are evolving in the US market.Key moments01:19 Latest Housing Market Data06:29 Consumer spending and inflation insights15:07 GDP and corporate profits analysis18:47 Labor market trends21:59 Special Guest: Dan Kudrik on human capital, valuations, and residual valuesResources mentionedNew Home Sales: https://www.census.gov/construction/nrs/index.html Existing home sales: https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales PCE: https://www.bea.gov/data/personal-consumption-expenditures-price-index GDP: https://www.bea.gov/data/gdp/gross-domestic-product University of Michigan’s Consumer Sentiment Index: https://www.sca.isr.umich.edu/ JOLTS: https://www.bls.gov/jlt/ Dan Kudrik: https://www.linkedin.com/in/danielkudrik/ Email us: altusresearch@altusgroup.com Thanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#CRE #CommercialRealEstate #Property

Industrial real estate is transforming, and fast. Aasif Bade, founder and CEO of Ambrose, shares his journey, his firm’s conviction for modern warehouses, and why staying ahead of technology and global supply chain shifts is crucial. From outdated infrastructure to AI-driven innovation, Bade highlights what investors and developers need to know to navigate the industrial sector’s next chapter.Key Moments:01:21 Guest introduction: Aasif Bade01:54 Founding Ambrose: A journey04:53 People-first philosophy05:49 Ambrose's core investment strategy07:55 Pivot to industrial focus10:39 Fundraising and investor insights15:35 Current industrial market trends and challenges29:24 Technological advancements in warehousing32:25 Future trends and reshoringResources Mentioned:Ambrose: https://ambrosepg.com/Aasif Bade: https://www.linkedin.com/in/aasif-bade-a3b1851a4/Email us: altusresearch@altusgroup.comThanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#CRE #CommercialRealEstate #Property

Inflation is running above the Fed’s 2% target, labor quality remains a top concern for small businesses, and consumer credit growth is sending mixed signals. Together, these forces are framing the near-term outlook for CRE, from leasing demand to borrowing costs. In this episode, Omar and Cole analyze the NFIB small business survey, break down the latest CPI and PPI readings, and examine consumer credit data alongside sentiment trends to provide a clearer picture of the current market signals.Key Moments:01:23 NFIB Small Business Optimism Index recap04:22 Inflation data: PPI and CPI insights07:35 Consumer Credit and sentiment analysis13:45 Upcoming Fed decision and market expectations18:19 Conference highlights and networking20:49 Upcoming events and data releases Resources Mentioned:NFIB Small Business Optimism Index: https://www.nfib.com/news/monthly_report/sbet/Product Price Index: https://www.bls.gov/pPI/Consumer Price Index: https://www.bls.gov/cpi/Consumer credit – G.19 report: https://www.federalreserve.gov/Releases/g19/current/Email us: altusresearch@altusgroup.comThanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#CRE #CommercialRealEstate #Property

The Beige Book signals an economy under pressure, with slowing growth, rising costs, and cooling labor markets weighing on CRE. In this episode of CRE Exchange, Cole Perry and Omar Eltorai break down where challenges are mounting and where opportunities remain.They spotlight resilient sectors like data centers, industrial, and high-quality office, alongside the surprising momentum of unanchored strip centers. The discussion closes with a look at key upcoming economic data and what it could mean for investment strategies.Key Moments:01:14 Federal Reserve Beige Book insights07:40 Labor market data analysis11:19 Employment Situation Report breakdown16:20 Deep dive into strip center data20:30 Upcoming conferences and data releasesResources Mentioned:Beige Book: https://www.federalreserve.gov/monetarypolicy/publications/beige-book-default.htmJob Openings and Labor Turnover (JOLTS): https://www.bls.gov/jlt/ADP National Employment Report: https://mediacenter.adp.com/2025-09-04-ADP-National-Employment-Report-Private-Sector-Employment-Increased-by-54,000-Jobs-in-August-Annual-Pay-was-Up-4-4Employment Situation Report: https://www.bls.gov/news.release/empsit.nr0.htmEmail us: altusresearch@altusgroup.comThanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#CRE #CommercialRealEstate #Property

The latest FDIC banking profile shows resilience in CRE lending even as past-due rates improve, but consumer confidence is slipping, with inflation and job concerns weighing heavily on sentiment. At the same time, multifamily continues to absorb demand while single-family sales stall under high mortgage rates. In this episode of CRE Exchange, we connect these dots alongside fresh GDP revisions, construction spending shifts, and private market price trends. Tune in to uncover what these signals mean for CRE financing, sector strategies, and where opportunities may emerge next. Key Moments:01:13 FDIC Quarterly Banking Profile insights05:28 Consumer confidence and sentiment analysis08:35 Personal income and spending trends11:30 New home sales and housing market update13:55 GDP growth and economic indicators16:34 Construction spending and sector analysis19:54 Capital markets and investment trends24:28 Non-listed CRE space and pricing trends28:03 Upcoming events and announcementsResources Mentioned:FDIC Quarterly Banking Profile: https://www.fdic.gov/quarterly-banking-profile/quarterly-banking-profile-q2-2025SLOOS: https://www.federalreserve.gov/data/sloos.htmQ2 2025 US CRE Investment and Transaction Quarterly reportNational transaction activity: https://www.altusgroup.com/featured-insights/cre-transactions/Pricing and pacing: https://www.altusgroup.com/featured-insights/cre-transactions/pricing-pacing/Property sectors: https://www.altusgroup.com/featured-insights/cre-transactions/property-sectors/Email us: altusresearch@altusgroup.comThanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#CRE #CommercialRealEstate #Property

We share insights from Altus Group’s Q2 2025 Investment and Transactions Quarterly report. From multifamily’s continued strength to industrial’s surprising slowdown, we explore the quarterly and annual changes in investment volume, pricing, and deal trends impacting CRE today. Tune in for data-backed takeaways to help you navigate your investment strategy across major markets and sectors. Key Moments:00:52 Overview of Q2 2025 Investments and Transactions Report01:47 Investment Volume Highlights03:11 Pricing Trends Analysis04:44 Geographical Performance Insights06:12 Property Sector Trends07:51 Key Takeaways and Conclusions Resources Mentioned:Q2 2025 US CRE Investment and Transaction Quarterly reportNational transaction activity: https://www.altusgroup.com/featured-insights/cre-transactions/Pricing and pacing: https://www.altusgroup.com/featured-insights/cre-transactions/pricing-pacing/Property sectors: https://www.altusgroup.com/featured-insights/cre-transactions/property-sectors/Email us: altusresearch@altusgroup.comThanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#CRE #CommercialRealEstate #Property

Dive into the bustling world of commercial real estate as the hosts explore the latest trends from Q2 2025 earnings. Discover how banks and non-banks are navigating lending in a cautious market. Learn about the resurgence of sectors like necessity-driven retail and data centers, while other areas like office space display mixed results. The optimistic shift in corporate earnings and evolving consumer behaviors also take center stage. Overall, the episode offers valuable insights and an encouraging outlook for the rest of the year.

This discussion provides a revealing look into Q2 earnings across various REIT sectors. Insights into the industrial sector highlight trends in leasing and economic strategies. The hosts analyze key earnings from major players, including successes and challenges in the office market. They also explore retail performances, revealing rising optimism despite some misses in net income. The exploration of small format retail properties showcases resilience and growth potential, touching on strategic shifts in response to market dynamics.

Proptech is evolving, albeit at different speeds across sectors. KBW’s Ryan Tomasello joins our hosts, Omar Eltorai and Cole Perry, to explore how data access, market consolidation, and the drive toward vertical integration are shaping both residential and commercial real estate technology stacks. From digital mortgage platforms and MLS disruption to CRE’s fragmented data landscape, get an informed view at where real estate technology stands today, and where it’s headed. Key Moments:01:30 Overview of KBW and market perception04:00 Trends in real estate technology06:50 Mergers, acquisitions, and funding trends08:45 Macro trends affecting real estate tech17:29 Commercial real estate technology25:28 The future of MLS and residential real estate30:26 The rise and fall of iBuying Resources Mentioned:Ryan Tomasello: https://www.linkedin.com/in/ryantomasello/KBW: https://www.kbw.com/Email us: altusresearch@altusgroup.comThanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#CRE #CommercialRealEstate #Property

Andrew Foster, Senior Director at KBRA and CMBS expert with 18 years of experience, shares valuable insights on the U.S. CRE securitization market. He discusses current trends in CMBS issuance and strong investor appetite, despite refinancing risks. Andrew highlights the rise of private credit, regulatory changes reshaping the landscape, and offers optimism for the future of CRE finance. Additionally, he touches on the importance of CMBS, the growing role of technology in financing, and the critical need for diversity in leadership within the industry.