The TreppWire Podcast: A Commercial Real Estate Show

In this week’s episode, we break down what the new policies from the Biden administration could mean for CRE and finance and specifically discuss the vaccine rollout. We also talk about the big takeaways from Q4 bank earnings, the latest bank loan delinquency rates, tumbling occupancy levels in the multifamily sector, and a wave of hotel bankruptcies. Tune in to hear how we also work chicken wings, Tom Brady, and airline wine into the conversation.

Episode Notes:

Vaccine rollout and administrative changes (0:54)

The future of policies aimed at the financial industry (5:36)

Q4 Bank earnings (12:20)

Bank CRE Delinquencies on the rise (20:10)

Falling occupancy levels in multifamily (22:00)

Wave of hotel bankruptcies and deed-in-lieus (28:00)

Office news (33:20)

Deals of the Week (36:23)

Deloitte recently published its 2021 commercial real estate outlook, outlining opportunities for CRE practitioners to respond, recover and thrive during the pandemic. We welcome Deloitte’s Kathy Feucht, Global Real Estate Leader, and John D’Angelo, Managing Director to discuss their findings and recommendations. The team also dives into the digital transformation of real estate, discusses the future for office, and reviews the threat of cybersecurity in the age of working from home.

Deloitte 2021 CRE Outlook (1:20)

Shortcomings in real estate's digital operations (7:00)

Game-changing real estate technology (11:50)

Confidence of different segments/geographies (13:30)

The impact of a digital experience on real estate (16)

Impact on office and the three work models (24:20)

The relocation of business (28:00)

Real estate footprints (30:30)

Threats of cybersecurity (34:35)

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

In this week’s episode, Trepp’s Head of Advisory Services, Lonnie Hendry, gives an overview of property valuations and the use of multipliers as a reliable data point. We also break down economic news and the stimulus package, the December payoff report, CRE loan performance, and ponder office headlines that ask the question, is the office desk dead? Lastly, we discuss the National Defense Authorization's Corporate Transparency Act and talk football on Nickelodeon.

Episode Notes:

Economic news and stimulus package breakdown (1:00)

Barstool Fund for small businesses (5:50)

The December payoff report (10:00)

Distressed CRE property valuations and re-appraisals (12:20)

Multipliers for property valuations (17:30)

Big-box and brick-and-mortar retail news (21:40)

Office headlines in major metros; death of the office desk? (30:15)

Deals of the week (40:00)

National Defense Authorization's Corporate Transparency Act (48:10)

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

In this week's episode, the team reviews the impact (or lack thereof) of the Capitol news on financial markets. We also discuss the latest December CMBS delinquency numbers, travel and hospitality headlines, news in the office sector, and the recent retail closures. To close, we reminisce on past CREFC events and dive into what’s to come for the year ahead.

Episode Notes:

Capitol, election, financial market update (1:10)

December CMBS delinquency numbers (7:33)

Travel headlines (9:35)

Holiday spending numbers (13:19)

News for hotels (15:39)

New leases and corporate moves in the office sector (23:50)

Retail closure news this week (32:40)

The repurposing of malls and retail (37:40)

Deals of the week (43:45)

Year-End and what's to come (52:40)

In this week's episode, we take stock of everything that happened in the CRE and CMBS markets in 2020. The CRE market has withstood one of the most impactful shocks to its ecosystem, which has meant different things to each property sector. We look at the biggest surprises of the year, CMBS delinquency rate trends, issuance volume, spread movements, and highlights of the year.

Episode Notes:

What a difference a year makes… (1:05)

CMBS delinquency rate trends (6:39)

Issuance volume (10:26)

Spread movements (15:22)

Increased interest in CMBX indices (20:45)

Biggest surprises by property type (28:49)

The struggling hotel market (36:42)

Retailpocalypse (41:06)

The future of the office market (46:12)

Resiliency in multifamily (51:00)

2020 highlights (54:49)

Questions or comments? Contact us at [email protected]

The $900 billion dollar relief bill includes targeted relief for commercial real estate. What does it look like? In this week's episode, we examine the relief measures, the preliminary December CMBS delinquency data, property valuations in this environment, Q3 bank CRE loan performance, and the Federal Reserve’s mid-year stress tests. The team also discusses the potential for new traditions in this COVID-holiday season and what those look like.

Episode Notes:

Relief for the CRE industry? (1:18)

December CMBS delinquency data (9:10)

New issue spreads and trends (12:20)

Hotel repositioning trends (16:50)

The future of senior housing (25:20)

Value loss index analyses (29:40)

Q3 bank CRE loan performance (35:10)

Deals of the week (41:40)

Mid-year bank stress tests (49:25)

Holiday traditions (51:37)

Questions or comments? Please contact Trepp at [email protected].

We welcome Michael Mandel, Co-Founder and CEO of CompStak, a nationwide provider of crowdsourced commercial real estate lease and sales comp data. We discuss the impact of COVID-19 on the CRE tech industry, analyzing lease comps, slower deal velocity, and winners and losers post-pandemic.

Episode Notes:

Integrating Trepp and CompStak data (1:50)

Impacts of slower deal velocity (6:48)

The demand for data in CRE tech (9:20)

Facebook’s Penn Station area lease (13:15)

Analyzing office tenant risk (18:02)

Winners and losers post-pandemic (20:44)

Where is the CRE tech sector heading? (23:01)

Questions or comments? Contact us at [email protected]

In this week's episodet, we dig into mall loan losses, a noteworthy CMBX retail loan modification, recent retail bankruptcies, multifamily occupancy rates, falling RevPAR, and troubled debt restructurings. Manus also shares his experience of visiting Manhattan for the first time since March.

Episode Notes:

On the ground in NYC (4:32)

A noteworthy CMBX retail loan modification (8:30)

Analyzing mall loan losses (15:25)

The surge in distribution and warehouse leases (23:10)

Retail bankruptcies (26:25)

The Chicago office market (30:09)

Revisiting multifamily occupancy (37:57)

Falling RevPAR (42:46)

Deals of the Week (48:14)

Troubled debt restructurings (53:52)

Our holiday wishlist (58:06)

Questions or comments? Contact us at [email protected]

In a special episode, we welcome Michael Bull, Founder and CEO of Bull Realty and the host of America's Commercial Real Estate Show. We discuss key CRE trends from a broker’s perspective, property repositionings, the future of the office market, and potential long-term changes in the CRE transaction process.

Episode Notes:

The current vibe in Atlanta (1:41)

Key CRE trends from a broker’s perspective (2:56)

Retail, hotel and office performance (8:07)

Potential changes in the CRE transaction process (18:58)

The credit quality of office tenants (22:41)

Predictions for 2021 (26:37)

Questions or comments? Contact us at [email protected]

The sense is that we’re at a global inflection point, with the economy dependent on how fast a vaccine can be fully approved and distributed. In this week's episode, we break down the recent macro news, a declining CMBS special servicing rate, the loan payoff report, and the potential permanent changes in corporate and consumer habits. We also analyze Bob Dylan and Stevie Nicks’ recent nine figure catalog sales.

Episode Notes:

A global inflection point (1:04)

The declining CMBS special servicing rates (8:38)

Rethinking the Manhattan retail market (14:09)

The loan payoff report (21:00)

Permanent changes in corporate and consumer habits? (24:37)

Noteworthy CRE stories (32:50)

Deal of the Week (38:34)

Shout outs (42:05)

Bob Dylan and Stevie Nicks (46:30)

Questions or comments? Contact us at [email protected]