This week, some of the biggest headlines came from overseas. In this episode of The TreppWire Podcast, we discuss if any moves by Canada and Europe will change anything for the Fed. We also put our professor hats on to provide some insight into delinquencies, foreclosures, modifications, and more. Stick around as we break down the stories we're tracking in office, retail, lodging, and mixed-use. Tune in now.

This episode is sponsored by Marketplace: https://rimarketplace.com/?utm_source=credirect&utm_medium=podcast_paid&utm_campaign=june2024

Episode Notes:

- Interest rates around the globe (0:23)

- Informational technology outflows, Dollar Tree news, American dividend earnings (4:50)

- CMBS delinquencies decline? (8:26)

- CRE loan losses (11:54)

- Office stories (15:27)

- Foreclosures 101 (24:19)

- Retail news (29:53)

- Modification deep dive (33:20)

- Mixed-use appraisal (43:37)

- Shoutouts (45:15)

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In this week's episode of The TreppWire Podcast, we tackle a mixed bag of data as Treasury Yields rise. As we approach new theses week over week, do you stick to the data or trust your gut? We also unpack our latest loan modification trends report, dive into the upcoming volume of office loan maturities, and explore recent transaction and CMBS stories across property types. Tune in now.

This episode is sponsored by AEI Consultants: https://aeiconsultants.com/

Episode Notes:

- Economic update: Treasury yields pushed higher (0:23)

- Consumer confidence reading (6:48)

- Loan modification trends (9:05)

- Maturing office loans (13:10)

- Office stories (21:55)

- Retail news (32:31)

- Lodging (39:50)

- Multifamily transactions (43:39)

- Industrial sale (46:30)

- Shoutouts (47:42)

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In this week's episode, we break down surveys (a recent poll that revealed 55% of respondents believe the US economy is shrinking), sales transactions in the multifamily and industrial spaces, and an office sublease story. We also provide a data center digest, sharing some data points to note. We hope our listeners have a great long Memorial Day weekend!

Episode Notes:

Recession or resilience? (0:23)

Starwood’s SREI struggling to fulfill redemptions (7:00)

Banks leading five days a week in the office (8:36)

Higher-for-longer narrative reinforced (10:10)

Junk bond inflows (12:50)

Strong appetite for data centers (14:29)

$1.7 billion office portfolio loan modification (23:32)

Office headlines (28:45)

Mixed-use news (31:35)

Industrial (35:40)

Multifamily (43.15)

Shoutouts (46:50)

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In this week's episode, we unpack the market movers: a hot Producer Price Index (PPI) and a Consumer Price Index (CPI) that came in cooler than expected. We also dive into the latest REIT earnings and the ongoing debate surrounding NYC rent stabilization. Plus, the team break down two major office loans that transferred to special servicing, along with the latest news across property types. Tune in now.

Episode Notes:

- Economic update: PPI and CPI (0:48)

- Retail sales flat in April (7:02)

- REIT earnings (9:51)

- Office headlines (16:12)

- Rent stabilization and community housing (32:36)

- Multifamily sales (40:35)

- Oklahoma hotel portfolio transfers to special servicing (43:46)

- Industrial stories (48)

- Shoutouts (50;24)

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In this week's episode of The TreppWire Podcast, we analyze the latest Senior Loan Officer Opinion Survey (SLOOS) as banks clamp down on CRE lending across the board. We dissect the latest jobs report and its impact on the market as well as the latest stories across property types. The team also shares their takes on the Met Gala's fashion hits and misses. Tune in now.

Episode Notes:

- SLOOS commentary (2:44)

- Jobs market and unemployment data (6:35)

- We don't talk about rate hikes... (9:26)

- Major hospital bankruptcy (11:26)

- Office stories (14:06)

- Multifamily headlines (22:54)

- Hotel sales (32:59)

- Retail outlet loan extension (36:34)

- Industrial transaction (38:06)

- Shoutouts (41:56)

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In this week's episode, we break down if anything will really change for the commercial real estate markets following the Fed’s rate decision. We also dive into retail earnings, and specifically discuss some of the latest news for fast food chains. We share our latest CMBS delinquency rates and discuss what a negative headline means in the very dynamic world of CRE. Then, we run through stories for mixed-use, office, retail, industrial, and multifamily. Tune in now.

Episode Notes:

- Fed meeting, economic update - impact on CRE (0:23)

- Retail earnings: fast food (9:40)

- CMBS delinquency rates (15:55)

- Office stories (19:00)

- Mixed-use overview (25:01)

- Multifamily stories (36:35)

- Retail headlines (40:12)

- Industrial (42:58)

- Lodging (45:27)

- Shoutouts (46:10)

Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG

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In this special guest episode of The TreppWire Podcast, we are joined by NFL offensive lineman for the New York Giants and savvy real estate investor, Justin Pugh. Justin talks us through his journey in the NFL and offers insights into the reality of professional football. He also dives deep into his transition into the real estate space with a touchdown on his passion for mentoring those with future aspirations to succeed in the industry. Tune in now.

Episode Notes:

- Journey to the NFL (1:20)

- Why real estate? (4:27)

- Juggling plays and textbooks (7:48)

- Financial reality of being in the NFL (12:00)

- Mentoring in the real estate space (13:48)

- Building a brand through social media (16:58)

- Trial by fire in real estate development (20:21)

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This week's episode of The TreppWire Podcast was recorded early, so the team used this time to provide our listeners with a breakdown of the topics the market has been focused on lately: maturities, modifications, CRE risk pricing, cap rates, and more. In our usual fashion, we also dive into the CRE property types, but today, we share delinquency, DSCR, debt yield, and other important data points to note for each sector.

Episode Notes:

- Extend and pretend? Background and history (2:13)

- Is there a silver lining for office properties that can extend? (6:48)

- How have changing rates related to property values? + Cap Rates (9:28)

- Risk pricing within CRE, Gordon Growth Framework (13:44)

- Size of the CRE Universe (25:25)

- Deep Dive into the Data- Office, Multifamily, Retail, Lodging (28:10)

- San Antonio market (42:35)

- Debt yield and underwriting standards (47:39)

- Multifamily debt yield (49:24)

- Freddie Mac multifamily (51:28)

- Shoutouts (1:01:06)

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Between the retail sales report, comments from Fed Chair Powell, and tensions in the Middle East, there’s been a lot to digest recently. In this week's episode of The TreppWire Podcast, we break down Powell's pivot and in CRE, dig into a large multifamily transfer to special servicing, new regional mall CMBS issuance, and share stories on property transactions and appraisal reductions. Tune in now.

This episode is sponsored by Marketplace: https://rimarketplace.com/esahotels#utm_source=credirect&utm_medium=preroll_paid&utm_campaign=hospitality

Episode Notes:

- Economic update: Fed comments (0:23)

- Bank earnings (9:46)

- $1.5B multifamily loan transferred to special servicing (15:58)

- Multifamily sales (24:31)

- Office (27:21)

- Retail new issuance (38:15)

- Sales transactions (47:31)

- Shoutouts (50:23)

Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG

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This week, we got another inflation reading that – leading up to it – had market participants in a "what if" mode, wondering what would happen if the number came in higher, lower, or in-line with expectations. In this week's episode, we break down this changing narrative, we also talk about Blackstone's $10 billion multifamily acquisition, and what appeared to be a $2.00/square foot office sale in St. Louis... We also dig into green shoots and crabgrass for retail, lodging, and industrial. Tune in now.

This episode is sponsored by Marketplace: https://rimarketplace.com/esahotels#utm_source=credirect&utm_medium=paid&utm_campaign=hospitality

Episode Notes:

- Economic update: CPI report (0:23)

- Blackstone's $10B multifamily purchase (11:27)

- Multifamily loans in special servicing (18:35)

- $2.00 office sale? (23:30)

- Office stories (29:55)

- CRE across the gateway cities (33:49)

- Retail news (36:22)

- Industrial (41:13)

- Lodging news (42:29)

- Shoutouts (46:21)

Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG

Questions or comments? Contact us at [email protected].

Follow Trepp:

Twitter: www.twitter.com/TreppWire

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