The TreppWire Podcast: A Commercial Real Estate Show

In this special guest episode of The TreppWire Podcast, the team is joined by Carmen Spinoso, CEO of Spinoso Real Estate Group. With more than three decades of shopping mall experience, Carmen explains the different sides of the mall operating and leasing business, breaks down receivership and saving assets, shares optimism for the mall space, and reflects on malls during past crises.  Tune in now.

Episode Notes:

- Background (0:23)

- Sides of the mall business (11:42)

- Receivership and saving assets (16:23)

- New leases getting signed (22:15)

- Glenbrook Square Mall (28:37)

- Optimism for malls (34:18)

-Experiential retail: Pickleball? and other mall magnets (40:12)

- Most difficult part of operating a mall (44:00)

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This week, a benign CPI reading sent Treasury yields plummeting and REIT shares higher and some big retail CEOs were saying beware of the holiday season. In this episode of The TreppWire Podcast, we make sense of the macro news and also analyze the latest on commercial real estate prices, dig into office and retail data, and examine criticized loans in the multifamily sector. Stick around if you’re a fan of Ambrosia. Tune in now.

This episode is sponsored by Spinoso Real Estate Group: https://spinosoreg.com/mall-investment-opportunity-and-operating-platform?utm_source=TreppWire&utm_medium=TreppWire+Digital+Content&utm_campaign=TreppWire+Oct+Nov+2023+Sponsorship

Episode Notes:

• Economic update (0:23)

• CRE prices (15:40)

• Negative office news this week (22:20)

• Office green shoots (30:09)

• Mixed-bag of retail news (32:54)

• Multifamily bank data (35:47)

• Shoutouts (39:00)

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This week, it was all about interest rates... and what the Treasury market gives the Treasury market takes away. In this episode, we explain the rate rally and what it means for the commercial real estate market. We dive into our take on the WeWork bankruptcy, share new deal information that sheds light on hotel and office lending, and of course share a lot of office crab grass. We also have some hotel and multifamily news. Tune in now.

This episode is sponsored by Spinoso Real Estate Group: https://spinosoreg.com/mall-investment-opportunity-and-operating-platform?utm_source=TreppWire&utm_medium=TreppWire+Digital+Content&utm_campaign=TreppWire+Oct+Nov+2023+Sponsorship

Episode Notes:

• Market update (0:23)

• WeWork (8:31)

• Office green shoots (17:56)

• Office crab grass (23:13)

• Multifamily (31:15)

• Hotel news (35:24)

• October loan payoff report (38:15)

• Shoutouts (40:35)

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

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In a special guest episode, the team is joined by Matthew Frazier, CEO of Jones Street Investment Partners to discuss all things multifamily. Matt gives us a boots on the ground view of the narrative in the multifamily market, what has changed in the last 18 months, and shares where the opportunities lie. Tune in now.

Episode Notes

- Background (0:49)

- Multifamily contrarian? A focus on the Northeast market (2:40)

- Shift in multifamily over the last two years (5:28)

- Will work-from-home impact multifamily? (6:19)

- Flip in interest rates and rent growth (7:23)

- Playing offense or defense in this market? (10:14)

- What made another market attractive? (12:03)

- Indicators of relative value (13:38)

- The Gulf: What buyers want to pay, what sellers want to get (16:29)

- Multifamily maturities (18:23)

- Commercial real estate pressure points (20:20)

- Where the opportunities lie in CRE (21:47)

- Insurance costs (23:40)

- Benefits of vertical integration (25:32)

- Strength of Boston (27:45)

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In this week’s episode of The TreppWire Podcast, we examine the market U-turn that the industry watched as treasury yields and risk spreads tumbled. We dive into new deals, our CMBS delinquency report and a large industrial loan that caused a spike in that rate, REIT earnings and some optimism from mall CEOs, and more pain for the Bay Area office market. Tune in now.

This episode is sponsored by Spinoso Real Estate Group: https://spinosoreg.com/mall-investment-opportunity-and-operating-platform?utm_source=TreppWire&utm_medium=TreppWire+Digital+Content&utm_campaign=TreppWire+Oct+Nov+2023+Sponsorship

Episode Notes:

• Economic update: Fed decision, spreads & rates (0:23)

• CRE deals announced (11:22)

• CMBS delinquency report (14:50)

• REIT earnings and mall CEOs (21:31)

• Retail stories (28:47)

• Office news (31:30)

• Industrial story (41:28)

• Shoutouts (43:12)

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

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In this week’s episode, we break down the recent economic news including GDP, budget deficit, and stock moves ahead of the Fed's interest rate decision next week. In CRE, we find some silver linings from mall and hotel loan issuance. Then, we have green shoots and crab grass for office, hotels, and industrial.  Tune in now.

This episode is sponsored by Spinoso Real Estate Group: https://spinosoreg.com/mall-investment-opportunity-and-operating-platform?utm_source=TreppWire&utm_medium=TreppWire+Digital+Content&utm_campaign=TreppWire+Oct+Nov+2023+Sponsorship

Episode Notes:

• Economic update (0:23)

• CRE deals (9:48)

• Office green shoots (14:07)

• Office crab grass (17:07)

• Retail headlines (26:43)

• Hotels news (30:32)

• Student housing green shoot (35:53)

• Industrial (36:33)

• Shoutouts (39:25)

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

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

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In this week’s episode, after analyzing the continued market volatility, we dig into some commercial real estate lending comps and the data behind the loans. We have a lot of news in office and retail – forming a dichotomy, sharing several green shoots for malls and even more crabgrass for the office sector. We break down stories about WeWork, value reductions, new leases, and close with a big multifamily headline. Tune in now.

This episode is sponsored by Spinoso Real Estate Group: https://spinosoreg.com/mall-investment-opportunity-and-operating-platform?utm_source=TreppWire&utm_medium=TreppWire+Digital+Content&utm_campaign=TreppWire+Oct+Nov+2023+Sponsorship

Episode Notes:

• Economic update (0:23)

• Lending comps: rates and data (9:25)

• Retail crabgrass (17:45)

• Retail green shoots (26:45)

• Office crab grass (31:48)

• Value reductions (40:00)

• Leases (47:03)

• Multifamily loan value slashed (52:08)

• Shoutouts (54:15)

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

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There was a lot of economic data this week with CPI, PPI, Fed minutes, and earnings season beginning. But after last weekend’s carnage in Israel, we pause to balance the data and headlines amid the horror. In this week’s episode of The TreppWire Podcast, we also break down comps for office, hotels, multifamily properties, and industrial buildings. Tune in now.

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

Episode Notes:

• Economic update and the war in the Middle East (0:23)

• Loan payoffs hit 20-month low (9:45)

• Banking sector news (13:59)

• Valuations in the market (17:40)

• Office green shoots and crab grass (21:58)

• Industrial comps (30:43)

• Hotel headlines (33:41)

• Multifamily comps (37:53)

• Shoutouts (45:30)

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

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In this week’s episode, we discuss rising rates, a jump in risk premiums, and several painful comps in the commercial real estate market. The Trepp team searches for silver linings in a tough CRE market, we share positive retail stories, a lot of green shoots and crab grass for office, multifamily comps galore, and an industrial story to note. We also talk about NYC rent control and the retail apocalypse version in the office market. Tune in now.

Episode Notes:

• Economic update: stagflation, jobs, rates (0:23)

• NYC rent control discussion (3:27)

• Risk in the market (5:25)

• Banks' unrealized losses (8:00)

• Positive news for the retail market (10:24)

• Office green shoots (21:18)

• Office crabgrass (28:35)

• The retail apocalypse of the office market (32:48)

• Multifamily news and comps (39:28)

• Industrial story (45:10)

• Shoutouts (47:55)

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

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

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This week, rising Treasuries, oil prices, and cooler-than-expected economic data left nowhere for investors to hide. In this week’s episode of The TreppWire Podcast, we discuss the latest economic news, Jamie Dimon’s comments about a 7% Fed Funds rate, and break down the increase in delinquencies in both the CMBS and bank CRE loan markets. We also share several office and retail stories we tracked this week. Tune in now.

Episode Notes:

• Economic update (0:23)

• CMBS delinquencies (

• Bank loan delinquencies (

• Retail (37:46)

•

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

Follow Trepp:

Twitter: www.twitter.com/TreppWire

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Facebook: www.facebook.com/TreppLLC