206. Irrational Exuberance in the Markets?; Property Transfers & Deed-in-Lieu; Multifamily Expenses

The markets seem to have gone from optimistic to exuberant over the last two weeks... In this week’s episode of The TreppWire Podcast, we discuss whether we are seeing 'irrational exuberance' yet, then dive into housing starts, jobless claims, retail sales, and bank earnings. In CRE, we break down several large office and retail stories, discuss more on multifamily syndicators, and take a look at property expense data across the US. Tune in now.

This episode of The TreppWire Podcast is sponsored by BetterPitch: https://www.betterpitch.com/

Episode Notes:

Irrational exuberance in the market? (0:23)
Macro data (4:09)
Bank earnings (9:27)
Government office occupancy (12:57)
Trepp Flash: Lead cable exposure (14:23)
Office value reduction (16:05)
Brutal sales comps (18:26)
Deed in lieus (20:30)
Office loans in special servicing (26:02)
Retail stories (3:48)
Multifamily syndicator follow-up (36:52)
Multifamily property expenses (41:48)
Shoutouts (45:14)

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