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

Christine Mastandrea, President and COO of Whitestone REIT, discusses the importance of a community-first approach in commercial real estate. She highlights how retail spaces can transform into vibrant community hubs that reflect local culture and adapt to generational shifts. The conversation delves into strategies for navigating challenges like COVID-19, emphasizing resilience and relevance in retail development. Christine also shares insights on the evolving role of retail in community building and offers advice for those looking to enter the commercial real estate industry.

We discuss the latest installment of Altus Group’s US CRE Investment and Transactions Quarterly report. The team delivers a retrospective on transaction volumes nationally and then zooms in on pricing trends and sector-by-sector insights, covering industrial, hospitality, multifamily, office, retail, and general commercial/mixed use. Tune in for the numbers, the analysis, and a few surprises. Key Moments:00:49 Overview of the Investment and Transactions Quarterly Report02:06 Key changes in the latest report03:13 Headline volume figures for 202405:15 Transaction activity and trends09:05 Pricing trends and market insights12:55 Sector-specific analysis: Industrial, hospitality, and commercial general19:40 Sector-Specific analysis: Multifamily, office, and retail21:37 Key takeaways and surprises from the report29:12 Conclusion and how to access the full report Resources Mentioned:Q4 2024 US CRE Investment and Transactions Quarterly reportUS commercial real estate investment trends and transaction volume - https://www.altusgroup.com/featured-insights/cre-transactions/US commercial real estate investment sales - pricing and pacing - https://www.altusgroup.com/featured-insights/cre-transactions/pricing-pacing/US commercial real estate investment sales - 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 break down the Federal Reserve’s latest rate decision, the release of their minutes, the press conference, and the updated Summary of Economic Projections. We’ll also take a look at key macroeconomic highlights from the past week, including retail sales, housing data, and insights from regional Fed surveys and indices. Finally, we sift for some key takeaways from the Mortgage Bankers Association’s Q4 2024 report on commercial mortgage debt outstanding. Key Moments:01:36 Federal Reserve Rate Decision and Economic Projections06:27 Impact on Commercial Real Estate08:18 Macro Highlights: Retail Sales and Housing Data10:44 Manufacturing Indexes and Industrial Real Estate19:41 Financial Conditions and Stress Indexes24:18 Mortgage Bankers Association Q4 Report29:07 Upcoming Conferences and Events Resources Mentioned:FOMC meeting – https://www.federalreserve.gov/monetarypolicy/fomcpresconf20250319.htmAdvance Monthly Sales For Retail And Food Services, February 2025 -  https://www.census.gov/retail/marts/www/marts_current.pdfMonthly New Residential Constructino, February 2025 - https://www.census.gov/construction/nrc/current/index.htmlEmpire State Manufacturing Survey -  https://www.newyorkfed.org/survey/empire/empiresurvey_overviewPhilly Fed Manufacturing Business Outlook Survey - https://www.philadelphiafed.org/surveys-and-data/regional-economic-analysis/manufacturing-business-outlook-surveyMortgage Bankers Association’s Commercial/Multifamily Mortgage Debt Outstanding quarterly report - https://www.mba.org/news-and-research/newsroom/news/2025/03/18/commercial-and-multifamily-mortgage-debt-outstanding-increased--47.7-billion-in-third-quarter-of-2024Email 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

Cole Perry and Omar Eltorai unwrap the latest parcel of US economic data, from shifting labor and employment trends to insights from the NFIB Small Business Optimism Index. They explore what these signals suggest for small business growth and economic momentum. The conversation sharpens around market reactions to proposed tariffs, the ripple effects on monetary policy decisions, and the potential implications for commercial real estate investors navigating an unpredictable landscape. Key Moments:01:21 NFIB Small Business Optimism Index08:00 Labor market data analysis13:19 Market reactions to tariff policies15:18 Impact of tariffs on real estate29:30 President Trump's address to congress32:51 Upcoming data releases and announcements Resources Mentioned:NFIB Small Business Optimism Index - https://www.nfib.com/wp-content/uploads/2025/03/NFIB-SBET-Report-Feb.-2025.pdfADP National Employment Report - https://mediacenter.adp.com/2025-03-05-ADP-National-Employment-Report-Private-Sector-Employment-Increased-by-77,000-Jobs-in-February-Annual-Pay-was-Up-4-7The Challenger Report - https://www.challengergray.com/blog/job-cuts-surge-on-doge-actions-retail-woes-highest-monthly-total-since-july-2020/BLS Employment Situation - https://www.bls.gov/news.release/empsit.toc.htmBLS JOLTS - https://www.bls.gov/jlt/Balancing returns and responsibility - Strategic innovation in impact investing - https://www.altusgroup.com/insights/strategic-innovation-in-impact-investing/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

Delve into the latest economic indicators as hosts analyze consumer confidence and the impacts of housing statistics. Discover insights into market dynamics with recent movements in equities and fixed income. The discussion heats up with a unique 'policy potluck' segment, covering crucial updates from Washington, including banking information and government efficiency measures. They also explore intriguing proposals on federal land development aimed at tackling the housing shortage. Prepare for a whirlwind of real estate insights!

Dr. Brad Case, Chief Economist at Middleburg Communities, shares over 30 years of real estate economics expertise. He breaks down the rise of the build-to-rent housing sector and its significance in today’s market. Brad discusses how data-driven decisions shape rental housing development and forecasts potential recessions by analyzing market overstretch and Federal Reserve actions. He also dives into revenue management strategies post-COVID, addressing how shifting migration trends impact rental prices, while urging a cautious approach to investment in tokenization.

Another week, another round-up of earnings releases and earnings management calls from the commercial real estate market. Last week, Omar Eltorai and Cole Perry covered REITs across the four major sectors. This week, they analyze calls from four specialty REITs and two brokerages, sharing performance metrics, key takeaways, and insights on prevailing trends.Key Moments:00:50 - Earnings coverage: Specialty REITs and brokerages01:55 - Macro update on retail sales03:28 - Deep dive: Triple Net REIT analysis07:20 - Specialty REITs: Timberland and tariffs13:45 - Iron Mountain: Records and data Centers19:12 - Equinix: Digital infrastructure and AI23:57 - Brokerage Insights: CBRE and Newmark32:49 - Upcoming REITs and data releases Resources Mentioned:Q1 2025 CRE Industry Conditions and Sentiment Survey - https://altusdxm.qualtrics.com/jfe/form/SV_b9o1eKvI9zglrZc?Q_CHL=CREThisWeekLeave us a message! - https://www.speakpipe.com/CREexchange%C2%A0  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

Every quarter, Omar Eltorai and Cole Perry listen in to the latest round of REIT earnings calls. The calls provide a glance into REIT portfolio performance, and some insight into what the management teams at these companies are focused on for the coming quarters. Today’s episode is devoted to covering a selection of calls they’ve listened into over the last couple of weeks touching on the company overviews, key results, and valuable nuggets they picked up during each call’s Q and A portion. Key Moments:00:50 - Overview of REIT earnings calls01:42 - Retail sector insights10:27 - Office sector insights18:05 - Industrial sector insights23:58 - Multifamily sector insights33:17 - Upcoming data releases and REIT earnings calls Resources Mentioned:Q1 2025 CRE Industry Conditions and Sentiment Survey - https://altusdxm.qualtrics.com/jfe/form/SV_b9o1eKvI9zglrZc?Q_CHL=CREThisWeekLeave us a message! - https://www.speakpipe.com/CREexchange%C2%A0  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

Discover the latest economic indicators affecting U.S. commercial real estate, including inflation trends and the Federal Reserve's interest rate impacts. Dive into construction spending analyses that reveal rising costs, especially in data centers. Explore the interplay between treasury yields and recent earnings reports, showcasing S&P 500 companies surpassing expectations. Gain insights into the growing optimism among stakeholders in the CRE market despite challenges, and learn about the key economic data set for release this week.

Stephen Buschbom, a real estate finance lecturer at Clemson University and co-host of The TreppWire Podcast, returns to share his insights on the U.S. debt market. He reflects on his 2024 predictions and analyzes key trends like maturity defaults and regional market dynamics in Washington, DC, and San Francisco. The conversation extends to economic scenarios that could shape 2025, along with challenges faced by the insurance market and their implications for real estate financing. Exciting forecasts for commercial mortgage-backed securities also highlight potential market shifts.