CREDA Podcast: Inside CRE

Amid a volatile economy where recession predictions abound, Marc talks with Rebecca Rockey, economist and global head of economic analysis and forecasting at Cushman & Wakefield. Rockey shares her outlook for the next 6-12 months, with lows (“warning signs are going off”), highs (industrial’s supercharged returns), and in between (the trifurcated office market). Rockey addresses whether the Fed’s goal of a soft landing is possible, explains the longer-term issues faced by the U.S. and other global economies, and lays out the serious challenge coming soon to the industrial sector. Come for the economic forecast and stay for Rockey’s hurricane analogy at the end of the episode. 

Recorded on March 21, 2023.

A conversation on the state of the global economy is bound to cover a lot of ground. Marc talks with Reva Goujon, a geopolitical strategist and director at Rhodium Group, about current inflationary drivers, shifting trade partnerships, increased tech regulation, and China’s structural slowdown, which will have worldwide impact. She offers insights for the commercial real estate industry, including resilient supply chain strategies, addressing the tight labor market, and how to “separate the cyclical from the structural.”

Recorded on January 31, 2023.

Marc continues his conversation with Kate Nolan Bryden, senior vice president at MRP Industrial, and Celeste Tanner, president and chief development officer of Confluent Development. The group talks talent recruitment and retention (“We need to show them how much fun we’re having!”), some of the flawed logic out there on talent development, and which area is the number-one place companies can’t compromise. Bryden and Tanner also discuss “micro-mentors,” Jedi mind tricks, and nailing the right mentorship mix.

Recorded on Nov. 29, 2022.  

Marc is joined by Kate Nolan Bryden, senior vice president at MRP Industrial, and Celeste Tanner, president and chief development officer of Confluent Development. Bryden and Tanner share how they’ve seen the CRE industry evolve since the start of their careers, their approaches to managing divergent teams, and the challenges that come with an industry “stuck at a one-percent rate of innovation over a century.” Hear Tanner’s quote about “turning nickels into dollars” that both Bryden and Selvitelli said they had to write down.

Recorded on Nov. 29, 2022.  

Marc talks with Kim Snyder, president of the U.S. West Region for Prologis, the largest commercial real estate developer in the U.S., and 2023 NAIOP Chair. Kim and his team cover some of the hottest industrial markets in the country, including Southern California, the Inland Empire, Las Vegas and Phoenix. In this episode, Marc and Kim dive into challenges for the industrial sector, inflation pressures and their implications, what’s on Prologis’ “whiteboard,” Kim’s guitar collection, and more. 

Recorded on Oct. 11, 2022.