The TreppWire Podcast: A Commercial Real Estate Show
322 episodes - English - Latest episode: 3 days ago -Leveraging Trepp’s market expertise and proprietary data sets, The TreppWire Podcast enables listeners to stay up-to-date on all things commercial real estate, structured finance and banking.
Featuring Trepp subject matter experts and guests from across the industry, the weekly podcast explores how recent events have impacted both the markets and the daily lives of market participants.
Questions or comments? Please contact us at [email protected].
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Episodes
112. Post-COVID Property Valuations, Hotel Transactions, Office Occupancy
December 10, 2021 00:00 - 44 minutes - 61 MBIn this week’s episode, we look at the hospitality transaction market which has been busy recently, with the sales providing insight into post-COVID valuations. Then, we turn to the office sector where we see signs of occupancy rebounding and highlight several important Trading Alerts. Lastly, we share some positive and negative retail news and dive into our latest property value analysis. Episode Notes: Omicron news and Fed update (0:21) Hotel transactions (5:10) Office occupancy and headl...
111. Hotel Loan Cures, Mixed Office News, Green Shoots in the Metaverse
December 02, 2021 00:00 - 48 minutes - 66.6 MBIn this week’s episode, we discuss significant market swings and what is driving the rebound. Our theme this week revolves around several large cures in the hotel market. We also note some major office headlines and explain what is going on in the metaverse... In CMBS, we break down the latest delinquency numbers and dive into the issuance number which sets a post-GFC record. Listen here. Episode Notes: • Market swing, what is dominating the rebound (0:21) • Breaking down the delinquency rep...
110. Black Friday Bonanza, Retail Worries; What's Weighing on the Markets?
November 23, 2021 00:00 - 43 minutes - 60 MBAs Thanksgiving, Black Friday, and the holiday season approach The TreppWire Podcast team thought it was time to dive into the retail market. In this week’s episode, we analyze what is weighing on the economic markets right now, then we turn to our “Black Friday” special where we review retail earnings, worries, and CMBS Trading Alerts. We highlight a few other interesting stories for multifamily and hotels and close by sharing what we are thankful for this season compared to last season (epi...
109. Retail Renaissance or False Start? “Next Big Short” CMBX 6 Update, Office Green Shoots
November 19, 2021 00:00 - 39 minutes - 54.6 MBFor every negative headline this week there seemed to be a positive. In this week’s episode of The TreppWire Podcast, we dive into the green shoots and crabgrass focusing on trends in retail earnings, an update on the retail-heavy CMBX indices, and positive signs for the office market. We also review the increased demand in the single-family rental market. Episode Notes: • Economic news (0:20) • Mall revival and retail earnings (0:55) • Retail-heavy CMBX 6 and 7 update (10:33) • Green s...
108. Navigating Challenges in CRE: Business Workouts & Receiverships with Douglas Wilson Companies
November 11, 2021 00:00 - 30 minutes - 42.3 MBIn this week’s episode, we welcome Douglas Wilson, CEO and Chairman of Douglas Wilson Companies, to discuss challenges in commercial real estate and how to navigate them. We dive into what it means to be a receiver, the four types of receiverships, and compare financial crises over time. We also discuss the health and outlook for different property sectors and finally, touch on what may be the next tipping point of concern for the market. Listen now. Episode Notes: What does it mean to be a...
107. Office & Hotel Must-Knows, Brick-and-Meta Retail, Milestone COVID Delinquency Rate
November 05, 2021 00:00 - 37 minutes - 51.9 MBIn this week’s episode, our team weighs in on the latest mixed economic data and covers the falling CMBS delinquency rate that hit a new milestone in the pandemic era. We also discuss green shoot stories for office, our Deal of the Week, and recent must-know activity in the hotel market. Stick around as we talk luxury handbags and try to wrap our heads around NFT McRibs and metaverse sneakers. Episode Notes: • Mixed round of economic data (0:20) • CMBS delinquency rate hits new milestone...
106. Signs of Life in Chicago Office, Life Science Sector on Fire, Quarterly Data Review
October 29, 2021 00:00 - 45 minutes - 61.7 MBIn this week’s episode, Orest Mandzy, Managing Editor of CRE Direct joins to discuss our Quarterly Data Review, a recap of the top CRE and CMBS data from the quarter. We also talk about a big Trading Alert that represents a positive for the Chicago office market, discuss the health sciences sector that is heating up, and cover mall loan liquidations. Download the Quarterly Data Review here: https://www.trepp.com/q3-2021-quarterly-data-review Episode Notes: Economic news, spending bill (0:2...
105. Uptick in Hotel Activity, Scariest Macro Issues, Near-Record Issuance Levels
October 22, 2021 00:00 - 47 minutes - 64.3 MBNear term market outlook is positive but elevated prices, supply chain problems, a shortage of workers, and the Delta Variant are creating uncertainty. In this week's episode, we discuss the scariest macroeconomic issues in terms of impact on commercial real estate. Darren King, Trepp’s Head of CMBS joins us to discuss the almost-record CMBS issuance and explains what is happening in the conduit market. We then dive into the latest hotel activity stories and review hotel losses from the last ...
104. Wave of Office Downsizings, Mall Loan Extensions, Bank Earnings
October 16, 2021 00:00 - 45 minutes - 62 MBIn this week's episode, we go behind the headlines of the latest bank earnings and economic news. In commercial real estate and CMBS, we dive into a wave of negative office downsizing stories, several retail Trading Alerts about mall loan extensions, and some office sales and signings. Tune in for our discussion of the death of the fun-sized candy bar. Episode Notes: Fed tapering, economic update (0:20) Office loans with expiring leases (8:14) Office crabgrass: downsizings (10:14) Alarming ...
103. Making Sense of D.C. & CRE with Mike Flood, Mortgage Bankers Association (MBA)
October 07, 2021 00:00 - 42 minutes - 57.5 MBIn this episode, we welcome back special guest, Mike Flood, Senior Vice President of Commercial/Multifamily Policy and Member Engagement at the Mortgage Bankers Association to give us a round-up of the latest regulations and how they currently are impacting (and potentially will impact) commercial real estate. We discuss taxes, infrastructure, and the debt ceiling, and then dive into the multifamily sector, banking areas to watch, and insurance lending and ESG. Tune in now. Episode Notes: Ta...
102. Markets in Turmoil, CRE Standing Strong
October 01, 2021 00:00 - 34 minutes - 47.6 MBWhile the rest of the economy drops with signs of turmoil this week, the commercial real estate market has been holding strong. In this week’s episode, we discuss inflation and supply chain issues impacting the markets. Then, we dive into some positive signs for CRE in terms of CMBS and bank loan delinquencies, and the latest office, retail, and hotel news. Tune in now. Episode Notes: • Inflation and supply chain issues (0:18) • CMBS delinquency rates(6:54) • Bank loan delinquencies and risk...
101. Misallocation of Funds, Evergrande & the Economy, Office Headwinds, Rental Rates 101
September 24, 2021 00:00 - 47 minutes - 64.8 MBIn this week’s episode of The TreppWire Podcast, we discuss the Evergrande news, comparing what we are seeing now to the Great Financial Crisis. We dive into a headline story that our own TreppWire team uncovered involving a misallocation of $12 million to CMBS bondholders. Professor Lonnie Hendry joins to give his office market predictions and share a rental rates 101 segment. Finally, what happens in Vegas doesn’t stay in Vegas, tune in to hear Manus’ takeaways from a recent trip. Episode...
100. CRE’s Wild Ride, Business Travel Blues, Office Return Rollbacks, and Retail Must-Knows
September 16, 2021 00:00 - 39 minutes - 54.1 MBThe 100th episode of The TreppWire Podcast is here! Thank you to our listeners who have been along for the journey. In the milestone episode, we review stats that have taken CRE on a wild ride: COVID cases, travel numbers, unemployment, occupancy levels, and loan delinquencies. Then, we dive into this week’s news about business travel, real estate regulations, retail must-knows, and the return to the office. Stay tuned to see how you can win a pair of “iEars.” Episode Notes: 100th episode (...
99. The Return to Office Change-up: Is a Sell-off in Our Future?
September 09, 2021 00:00 - 45 minutes - 61.7 MBThe latest job claims update, higher than expected wage growth, and economic slowdown this summer due to the delta variant have us weighing the possibility of a future sell-off. In this week’s episode of The TreppWire Podcast, we dive into the latest change-up in return to office plans and what this means for the office market in various cities, we talk through Labor Day travel numbers and signs of a comeback for the hotel sector, and provide an update on recent retail gains. Stay tuned for o...
98. Taking a Stab: Making Sense of Mixed Economic & CRE News
September 01, 2021 00:00 - 54 minutes - 75 MBMixed economic and commercial real estate headlines have us in a circle as we weigh the points and counterpoints of different stories impacting the markets. In this week’s episode of The TreppWire Podcast, we dive into the large decline in the CMBS delinquency rate, share several office and lodging stories, analyze hotel occupancy, review “better-than-ever” demand for several retailers that reported earnings, and give an update on the latest Eviction Moratorium news. Episode Notes: Economic...
97. Special Episode: Trepp CRE Sentiment Survey Results, Mix of Hopeful Signs & Structural Concerns
August 26, 2021 00:00 - 39 minutes - 53.6 MBAccess the survey results here: https://www.trepp.com/2021-cre-sentiment-survey-results Concerns over economic conditions, the Delta variant, and inflation continue to weigh on commercial real estate market participants. But are there any blind spots that investors should be watching for? In a special episode, we reveal the results of Trepp’s 2021 CRE Sentiment Survey, highlighting some of the most important points and key takeaways from what we found. Episode Notes: • Joe’s return to off...
96. Mall Value Reductions, Credit Crisis Catalysts, Positive Retail Earnings
August 20, 2021 00:00 - 48 minutes - 65.7 MBTake Trepp's CRE Sentiment Survey: https://www.surveymonkey.com/r/S2YNXYD In this week’s episode, we weigh the potential catalysts for a future credit crisis and review retail earnings for Walmart, Home Depot, Target, etc. which all beat on the bottom line. In CRE and CMBS news, we cover our latest headlines on mall value reductions, loans becoming newly delinquent, office lease renewals and sales, and new hotel openings. Episode Notes: What could be the catalyst for the next credit cris...
95. Summer CRE Potpourri: Retail & Office Green Shoots and Need-to-Know News
August 12, 2021 00:00 - 48 minutes - 66.7 MBIn this week’s episode, our theme is a summer potpourri, a mix of retail and office headlines that are important to the commercial real estate finance market. We discuss the potential for borrowers handing back the keys, positive signs from Dillard’s earnings, WeWork’s latest partnership, upcoming foreclosure auctions, and office returns and rollbacks. Episode Notes: The time to taper is coming (0:55) Dillard’s earnings (5:07) Trading Alerts: non-core malls, borrowers handing back keys (8:4...
94. Hotel Sales Comps, Retail Earnings, Return to Office Rollbacks, Eviction Ban Extension
August 06, 2021 00:00 - 48 minutes - 66.1 MBIn this week’s episode, we dive into the takeaways from the week's economic news and cover more earnings for giants in the hardest-hit sectors, lodging and retail. We run through the latest hotel transactions and what the sales mean for the market, discuss a tenant/mall lawsuit, and rollbacks for firms' return to the office plans. Lastly, we cover the extension of the eviction moratorium and the top markets for CRE investment. Episode Notes: This week's economic takeaways (1:11) Travel earn...
93. Vaccine Mandates, Metro Rankings, Earnings Messages
July 30, 2021 00:00 - 53 minutes - 72.8 MBIn this week’s episode of The TreppWire Podcast, we cover trends from the latest COVID-19 vaccine mandates and behind the tech giants’ and REIT earnings reports. We also dive into some key stories including how certain retail closures can impact a mall, more office lease and tenant moves, and the rise in hotel occupancy. Finally, we cover the latest news on the Eviction Moratorium and give a sneak peek at our secondary MSA rankings and delinquency report. Episode Notes: Vaccine mandates, te...
92. Retail Loan Purgatory, Mall Valuation Drops, Office Moves and Migrations
July 22, 2021 00:00 - 46 minutes - 63.8 MBIn this week’s episode, we give a list of retail loans that can be noted as in "purgatory." Then, we dive into mall value reductions, share a “man on the ground” view of the current state of NYC, and run through the latest office lease renewals. We also review the possibility that we may be defying normal economic measures in the current climate, with the news that the recession is over (and lasted just two months.) Episode Notes: National Bureau of Economic Research: “Recession is over” (1...
91. NOI Analysis: Hotel & Mall Pain, The Office Tenant Rollover, CRE Headlines
July 15, 2021 00:00 - 43 minutes - 59.7 MBIn this week’s episode, we dive into our latest analysis of financial benchmarks like net operating income, revenue, and occupancy by commercial real estate property type to assess the impact of the pandemic. We also give a review of office maturity data, showing some significant tenant rollover, discuss Fed Chair Powell’s latest inflation comments, Q2 2021 bank earnings, and this week's headlines and must-know news for the CRE market. Episode Notes: Inflation drivers, economic update, Fed ...
90. Issuance Investigation: First-Half 2021 Trends and Activity, A Blend of Retail and Office News
July 09, 2021 00:00 - 45 minutes - 61.5 MBIssuance activity is on the upswing for 2021 and some are predicting we could set a new record for the year. In this week’s episode, Darren King, Trepp’s Head of CMBS joins to give a deep dive on what we are seeing in terms of conduit, SASB, and CRE CLO issuance trends. We also review a blend of headlines for the retail and office sectors amid a return to normalcy. Finally, with employees heading back to the office in the coming months, we debate what may change about office attire. Episode ...
89. CRE Recovery: Judging First-Half 2021 Predictions, Buying Distressed Assets, CMBS Spreads Update
July 02, 2021 00:00 - 43 minutes - 59.9 MBBack in December 2020, The TreppWire Podcast team offered performance predictions for each property type as the return to normalcy began to come into focus. In this week’s episode, we are back to grade the predictions, comparing the delinquency rates for lodging, retail, multifamily, office, and industrial to what we are seeing now. We also dive into a distressed asset trading alert where we explain what it means to buy distressed bonds, how a waterfall works, and why this story is a win for ...
88. The Mall Loan Witness Protection Program, Stress Test Results, Week of Regulatory News
June 24, 2021 00:00 - 49 minutes - 67.5 MBIn this week’s episode, we walk through the week’s regulatory and economic headlines, dive into the Fed’s Stress Testing results, and give an update on the must-know, good, and bad news for the office sector as companies return to work. We also share our latest retail round-up, highlighting several mall loans that may need to go into witness protection due to valuation reductions, reclassifications, and more. Stick around as we tease what’s to come for next week, where we will grade our 2021 ...
87. CRE's Good, Bad, & Unknown: Mid-Year Property Type Review, CREFC Confidential
June 18, 2021 00:00 - 48 minutes - 66.6 MBTrepp just wrapped up our mid-year analysis (aptly called The Mid-Year Magazine) that will be published next week with Commercial Real Estate Direct. In this week’s episode, we walk through some of the mid-year analyses of the good, the bad, and the unknown for each CRE property type while sprinkling in some updates from recent TreppWire stories. We also give insights on the discussion at this week's CREFC annual conference. Listen here. Episode Notes: Economic news(0:25) Retail sales (3:57...
86. Must-Know Office and Retail News, Banking Regulatory Shift, CECL Update
June 11, 2021 00:00 - 53 minutes - 73.2 MBIn this week’s episode, we welcome Mike Benz, Trepp’s Senior Vice President and Head of US Banking Solutions to discuss the regulatory shift in the banking market. We dive into takeaways from CECL and what’s to come, office headlines and stories that the market “must know,” retail news, and loan payoffs. Episode Notes: • Inflation growth (0:51) • Office green shoots (8:02) • Crab grass for the office market (12:20) • Must-Know of the Week (13:50) • Retail update (15:23) • Mall loan payoffs (...
85. Hotels Rebounding, Office and Multifamily Occupancy, The Donut Effect
June 05, 2021 00:00 - 50 minutes - 69.3 MBIn this week’s episode, we cover the latest CMBS delinquency report and what it means for the market as the rates descend from their mid-pandemic highs. We also dive into office and multifamily occupancy rates across major metro areas, review positive and negative stories for the office sector, discuss hotel sales, cap rates, and other news, and talk about The Donut Effect. Episode Notes: Economic signs that we’re turning a corner (0:25) CMBS delinquencies (5:08) Hotels rebounding (8:35) New...
84. We’re Back: Hotels, Retail, & Office Turning the Corner; Positive News This Week
May 29, 2021 00:00 - 45 minutes - 61.8 MBDuring the latest Senate hearing, Jamie Dimon acknowledged there is a housing bubble, but not like the previous one. In this week’s episode, we discuss the housing market and what can be described as an “alternative housing bubble.” We spend this episode looking on the bright side: reviewing the recent headlines for lodging, retail, and office that may show the sectors turning a corner. Episode Notes: Housing bubble or alternative bubble? (0:48) Multifamily and single-family rents (7:36) In...
83. Managing Real Estate Risk with Dr. Eva Steiner, Penn State Smeal College of Business
May 25, 2021 00:00 - 31 minutes - 42.5 MBIn a special guest episode, we welcome Dr. Eva Steiner, Associate Professor of Real Estate at the Penn State Smeal College of Business to discuss managing risk in commercial real estate. Professor Steiner discusses several of her studies and dives into the rate of return of real estate, private equity investments in the hotel industry, the impact of PPP loans on the competitive behavior of hotels, and more. Episode Notes: • Rate of return of real estate (1:00) • Private equity investment in ...
82. Movie Theaters, Shopping Malls, and More Office Moves
May 20, 2021 00:00 - 51 minutes - 71 MBThis week, AT&T announced it will spin off WarnerMedia which is the latest installment in the streaming war news... and there is some real impact that this may have on commercial real estate. In this week’s episode, Trepp’s Head of CMBS, Darren King, joins the team to analyze what is going on in this area. We also dive into the latest retail earnings, a CMBX 6 story, more mall news, both negative and positive signs for the office market, and an update on hotels. Episode Notes: • Fed’s last m...
81. Liquidity in Commercial Real Estate with Jim Shevlin, CWCapital and RealINSIGHT
May 18, 2021 00:00 - 35 minutes - 48.3 MBIn this guest episode, Jim Shevlin, President and COO at CWCapital and RealINSIGHT joins the team to have a conversation about liquidity in the commercial real estate market. Jim walks us through what he is seeing in terms of transaction volume, compares the current market to other financial crises, and dives into the thought process of special servicers who had to manage an influx of hotel loans. We also discuss what will happen to the office and retail markets. Episode Notes: • Auction mar...
80. A Grab Bag of Retail and Office Headlines, Inflation Confirmation
May 12, 2021 00:00 - 40 minutes - 54.7 MBIn this week’s episode, we discuss the latest data that confirms inflation is a real issue. But, is it a short-term reopen shock? We also spend some time digging into the current state of the retail market: street-level retail update, mall owners throwing in the towel, REITs adding tenants, mall traffic data, and more. Lastly, we run through office stories and the April loan payoff report and what it means for investors. Episode Notes: • Inflation confirmation (1:00) • Retail round-up (11:3...
79. End of 1031 Exchange?, REIT Earnings, Retail Rundown, Delinquency Report
May 07, 2021 00:00 - 47 minutes - 65.3 MBIn this week’s episode, Manus and Joe run through the highs and lows of the week, and the things that keep them up at night. We review a single-asset single-borrower retail deal in the works, green shoots and crabgrass in retail, more news for firms returning (or not) to their offices, and the latest delinquency rates. The team dives into an update on the Eviction Moratorium and 1031 Exchange and reviews multifamily REIT Earnings. Episode Notes: Highs and lows of the week (1:00) SASB retai...
78. Homeless Hotels, Tech Titans’ Office Demand, Retail Trend Reversal
April 30, 2021 00:00 - 49 minutes - 67.4 MBIn this week’s episode, we dive into the latest positive signs for street-level retail following the announcement that all business restrictions in New York will be lifted this summer. We also discuss the list of New York City hotels that have been used for homeless shelters throughout the pandemic, downgrades for mall loans, and how much office demand will be forthcoming for the Tech Titans. Episode Notes: Fed’s monetary policy update (0:49) Positive signs for street-level retail (9:14) SL...
77. Check-In on COVID Delinquencies, End of Retail Apocalypse?, Office Vacancies, Student Housing
April 23, 2021 00:00 - 47 minutes - 65.5 MBWith servicer data slowly showing signs of how the pandemic impacted commercial real estate, it is time to look at last year's delinquencies and whether these loans are starting to "cure" or pay off. In this week’s episode, we preview the current status of loans that were delinquent during the height of the COVID market crisis, review office vacancies, and give an update on the retail apocalypse and the student housing and single-family rental markets. Episode Notes: Weekly economic update ...
76. Good, Bad, & Ugly Office News, Solid Bank Earnings, Retail Property Sales
April 17, 2021 00:00 - 53 minutes - 72.7 MBIn this week’s episode, we dig into the recovery that the latest Fed economic survey found is “broad-based across industries” and highlight solid big bank earnings. We also review recent office headlines that can fall into good, bad, and ugly categories. We discuss movement in the retail sector in terms of property sales and more stories of occupancy declines for multifamily properties. Episode Notes: • Economic recovery, retail sales, interest rates(0:51) • Q1 bank earnings (8:54) • Office...
75. Hotel & Multifamily Distress Across the U.S., Spike in CRE CLO Demand, Retail Round-Up
April 09, 2021 00:00 - 48 minutes - 66.9 MBIn this week’s episode, Trepp’s Head of CMBS, Darren King joins us to analyze the spike in demand for commercial real estate CLOs in Q1 2021. We take a tour across the U.S., where different geographies saw vastly different impacts from COVID-19 in terms of multifamily occupancy and lodging distress rates. We also walk through special servicing data and the latest in retail and CMBX 6. Episode Notes: Economic update (1:06) Spike in demand for CRE CLOs (5:10) Multifamily occupancy analysis: d...
74. Global Investing in Commercial Real Estate with David Bitner, Cushman & Wakefield
April 05, 2021 00:00 - 35 minutes - 48.8 MBIn a special guest episode, we welcome David Bitner, Global Head of Capital Markets Insights at Cushman & Wakefield to discuss the firm’s latest Signal Report: The Global Guide to CRE Investing. David and Manus review the global outlook for CRE, areas of strength for retail, the painful lag in business travel, and thoughts on residential real estate. David also shares hidden investment opportunities and surprises. Episode Notes: The Signal Report: Global Guide to CRE Investing in 2021 (1:3...
73. Fresh Bank CRE Loan & CMBS Delinquency Data, Falling Multifamily Occupancy, Hotel & Sports
April 02, 2021 00:00 - 46 minutes - 63.6 MBIn this week's episode, the team examines new economic data which shows choppy progress. We dive into CMBS delinquency rates and give listeners a sneak peek at the latest bank CRE loan performance and multifamily occupancy data. It was a heavy sports day for the team: we talk about some hotels that are struggling without live sports and also get excited for MLB Opening Day, the Masters, and college basketball. Episode Notes: Economic update: Jobs anticipation, Archegos (1:01) CMBS delinque...
72. Distressed Logjam Loosens, Hotel Deals in the Market, One Year of Podcasts
March 25, 2021 00:00 - 49 minutes - 67.4 MBIn the CRE space, investors have been waiting for distressed asset sales and it seems that hotel opportunities are now on the rise. In this week’s episode, we discuss these hotel sales, the flux in the state of the office market, and analyze the latest multifamily occupancy news. The team reminisces on one year of The TreppWire Podcast. Thanks to all of our listeners for the continued support! Episode Notes: • Fed Chair Powell’s thoughts on CRE (4:15) • Hotel space opportunities (7:19) • Off...
71. Green Shoots & Crabgrass in CRE, Property Valuation News, The State of CMBX 6
March 19, 2021 00:00 - 48 minutes - 67 MBIn this week's episode, we discuss positive and negative signs (or green shoots and crabgrass as we like to call it) in the latest commercial real estate data. We talk through more commercial property valuations, how working from home can impact credit ratings, and give an update on CMBX 6. Tune in to the end for our March Madness picks. Episode Notes: - Fed takeaways (0:58) - Positive signs in CRE data (7:01) - Renewed interest in hotels (15:03) - Green shoots in the office market (23:36) ...
70. Road to Recovery for the Distressed Debt Market with Donald Sheets, Broadshore Capital Partners
March 17, 2021 00:00 - 40 minutes - 55.2 MBIn a special guest episode, Donald Sheets, Managing Director and Member of the Management Committee at Broadshore Capital Partners is back to give us an update on the distressed debt market. We review concerns over inflation and rising interest rates, commercial mortgage bond prices, and get a lesson on distressed debt 101. Episode Notes: • Rising interest rate environment, does capital reprice or disappear? (1:51) • Distressed debt 101 and catalysts (9:19) • Vibe check (14:14) • Office spa...
69. COVID-19's One Year Check-Up: Biggest Surprises in the CRE Market & Overall
March 11, 2021 00:00 - 45 minutes - 62.8 MBIn this week’s episode, the team is back together as we give our one-year reflections on the coronavirus pandemic by highlighting the biggest surprises in the commercial real estate market and overall. We also dive into the latest stimulus package and the potential impacts to CRE and discuss the latest headlines for retail and office. Episode Notes: - Inflation and interest rates - Impact of latest stimulus on the CRE market (11:50) - Biggest surprises a year into the pandemic (14:23) - Pr...
68. Delinquency Drops, Return to the Office, Performance of CRE CLOs, Texas CRE Snapshot
March 05, 2021 00:00 - 47 minutes - 64.9 MBIn this week’s episode, we analyze the recent drops in the delinquency rate, especially for hotels and retail, and what it means for the market. We take listeners through the latest office headlines, retail news and earnings, CRE CLO performance, and dive into the Texas real estate market. Episode Notes: Market news (0:20) Retail earnings (1:54) Delinquency rates (6:48) Office news (11:30) Update on WeWork (20:56) Washington Prime Group (23:27) CRE CLO update (25:20) Texas news (34:07) Spre...
67. The Resiliency of REITs, Performance and Outlook with John Worth of Nareit
March 02, 2021 00:00 - 31 minutes - 43.4 MBIn a special guest episode, we welcome John Worth, Executive Vice President of Research and Investor Outreach at Nareit, the voice for REITs and publicly-traded real estate companies. John talks to the team about REIT performance over the past year, potential new regulatory impacts, takeaways from REIT earnings, and thoughts on the future of the office. He also shares his forward-looking comments for the market. Episode Notes: • REITs 101 (00:40) • The past year – REIT performance (3:06) • ...
66. Early Look at NOI Changes, Hidden Delinquency Rate, New Appraisals, Co-Tenancy Clauses
February 26, 2021 00:00 - 50 minutes - 69.6 MBIn this week’s episode, Lonnie Hendry is back as we review the latest market news. We give an early look at changes in revenue and net operating income, dive into nuances in servicer data, discuss a rescue fund for hotels, and comb through more office news. On the retail front, we talk about more store closings and co-tenancy clauses. Episode Notes: • Latest market news (1:10) • Office news (6:32) • Deal of the Week (13:35) • Retail and store closures (15:46) • Co-tenancy education segment (...
65. Falling Retail Property Values, Office Cuts, 2021 Stress Test Scenarios, Credit Enhancement 101
February 20, 2021 00:00 - 47 minutes - 65.2 MBIn this week’s episode, we look at the latest headlines fanning the flames of concerns over inflation. We also discuss even more companies shedding their office footprints, value reductions and revaluations for malls across the country, and opportunities in the NYC hotel market. Lastly, Manus and Joe give an overview of types of credit enhancement and look at the Fed’s latest stress testing scenarios. Episode Notes: • Concerns over inflation (00:59) • Office news (6:18) • Conversion of pro...
64. Sublets, Shopping Malls, Slot Machines, and CMBS Deal Pricing 101
February 13, 2021 00:00 - 51 minutes - 70.6 MBIn this week’s episode, we look at the latest mix of bad and good news for the commercial real estate property types. We walk through this week’s ‘Ground Zero’- like office headlines, unicorn news for the hotel segment, Simon’s retail earnings, and Amazon’s industrial story. We also discuss our Life Insurance Commercial Mortgage Return Index and CMBS deal pricing 101. In time for Valentine’s day, we share our thoughts on the holiday. Notes: • Market Headlines (0:45) • Office sector news: su...
63. Policies & Predictions: Forecast for CRE Finance with Jamie Woodwell and Mike Flood from MBA
February 10, 2021 00:00 - 37 minutes - 51.5 MBThe Mortgage Bankers Association recently hosted the CREF21 virtual conference and released their Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. In a special episode, MBA’s Jamie Woodwell, VP of Research and Economics, and Mike Flood, Senior VP of Commercial/Multifamily Policy and Member Engagement walk us through the takeaways. We also discuss how the new administration can impact real estate finance policies, look at what the recovery may look like, and prediction...