

The Weekly Take from CBRE
CBRE
What matters most right now in Commercial Real Estate. Business leaders join economic, industry and subject matter experts to share their distinct views and latest thinking. The Weekly Take is hosted by Spencer Levy, CBRE’s Senior Economic Advisor and Global Client Strategist. More at cbre.com/TheWeeklyTake
Episodes
Mentioned books

Jun 27, 2024 • 9min
[Bonus Ep] Hands in the Air: Q&A about Capital & Debt with Lone Star Funds’ Bob Ricci
Senior Managing Director of Lone Star Funds, Bob Ricci, discusses challenges in real estate investing, including skyscrapers sold for low prices in depopulated areas. They also explore the appeal of investing in Sun Belt states, capital requirements for office assets, and the importance of tier one capital for banks when assessing commercial real estate risk.

Jun 24, 2024 • 38min
Tomorrow (The Sun Will Come Out): How today’s challenging capital markets will reward patience
The real estate capital markets can be complex in the best of times and vexing in the worst of times. Lone Star Funds’ Bob Ricci and CBRE’s Tom Rugg share some insights on succeeding in a sluggish time, finding opportunity amid headwinds and where those headwinds have started to ease.Insights to Share:As challenges in the capital markets persist, properties that were financed with heavy leverage may present opportunities.Higher interest rates will make rolling over debt a pervasive issue for several years.Distress is unlikely to reach the levels of the post-Great Financial Crisis years.

Jun 17, 2024 • 39min
Down by the Bay: AI and the future of San Francisco real estate
San Francisco has been facing extraordinarily high office vacancy rates since the pandemic. But more recently, the rise of artificial intelligence (AI) has stimulated demand for space and an influx of capital. Real estate investor Glenn Gilmore and CBRE’s Mike Taquino discuss the city’s history of resilience, culture of innovation and greatest opportunities.Insights to Share: Venture capital firms, particularly those focused on AI, are increasingly establishing offices in San Francisco, which is driving demand for office space. San Francisco’s well-known headwinds have caused investors to shy away from what could be generational buying opportunities. AI is driving significant changes in San Francisco's real estate market, in terms of the types of offices needed and the locations most in demand. AI is also encouraging shorter lease terms, reflecting the fast-moving nature of tech companies. San Francisco’s tenants are showing a preference for high-end and creative office space, as well as a preference for sustainability and adaptive reuse.

Jun 10, 2024 • 39min
Into the Mystic: WSJ’s ‘most accurate forecaster’ on where the economy is headed
Belinda Román, 2023’s most accurate forecaster, according to The Wall Street Journal, and CBRE Econometric Advisors’ Dennis Schoenmaker opine on the art, science and technology involved in predicting the ebbs and flows of the global economy.Insights to Share: Belinda Román, Associate Professor of Economics at St. Mary’s University, expects GDP growth of 3% this year.CBRE EA’s Dennis Schoenmaker expects GDP to hover around 2%.Even with slower economic growth, there will be opportunities in commercial real estate.Regional, national and global forecasting requires a deep understanding of the available data.In commercial real estate, where information has historically been opaque, future forecasting can be enhanced by AI.

18 snips
Jun 3, 2024 • 40min
Step by Step: Prologis on the normalization of industrial real estate
Experts Melinda McLaughlin from Prologis and Chris Riley from CBRE discuss the enduring appeal of industrial real estate despite recent market adjustments. They highlight the viability of conversions to industrial spaces near urban centers, the integration of automation in manufacturing and warehousing, and the long-term stability of the sector amidst evolving trends and challenges.

May 27, 2024 • 33min
All Together Now: How investors are navigating today’s fluid capital markets
This podcast discusses the uncertainty of interest rates in commercial real estate, highlighting the challenges faced by industrial and multifamily sectors. It explores the importance of maintaining strong lender relationships and the split nature of the office sector. Retail is gaining significance to institutional investors amidst the evolving economic landscape.

May 20, 2024 • 40min
Future Reflections: A look ahead with a longtime Wall Street and ex-Fed economist
Julia Coronado, from Macro Policy Perspectives, discusses cooling global inflation, higher neutral interest rates, and relief for multifamily developers. She shares insights on Federal Reserve decision-making, economic outlook, interest rates, stock market dynamics, retirement planning, immigration impact, urban development challenges, and lessons from the financial crisis.

May 13, 2024 • 35min
Proud of the House we Built: Siemens Real Estate CEO on managing global portfolios
Siemens Real Estate CEO Stephanie Dorsey shares insights on managing global portfolios, emphasizing talent attraction, sustainability, and technology manufacturing. Discussions include site selection strategies, sustainability as a must-have for occupiers, and return-to-office strategies benefiting everyone.

May 6, 2024 • 38min
Closer: Nearshoring has inspired a boom in Mexico’s industrial real estate
Mexico’s industrial real estate market is benefiting from the need for more resilient supply chains. PGIM’s Enrique Lavín, DHL’s Guillermo Espinosa Armendáriz and CBRE’s Yadira Torres-Romero explain the advantages and challenges of nearshoring.Insights to Share: Nearshoring is spurring industrial activity beyond Mexico’s border cities as companies seek inland nearshoring opportunities.The lower cost and availability of labor explains why companies have relocated or expanded manufacturing operations in Mexico.The cost of capital, even for transactions denominated in U.S. dollars, is lower than in the U.S.

Apr 29, 2024 • 36min
Dancing in the Street: Fried Frank's Mechanic and Werner on New York City’s revival
Fried Frank’s Jon Mechanic and Michael Werner—attorneys steeped in the in’s and out’s of New York City dealmaking—share thoughts on the office market, affordable housing, recent legislative changes and much more.Insights to Share: Despite the headlines, there is budding optimism in some New York commercial real estate sectors, particularly Class A office.Legislative efforts to promote affordable housing and sustainability are both incredibly important and challenging.New York City provides a nexus of talent, amenities and capital that is hard to replicate.