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=cre ..read more

In this special guest episode of The TreppWire Podcast, Oscar Parra, CFO of Pacific Retail Capital Partners, joins the team to share a deep dive into the shopping mall asset class. Oscar reveals how to identify opportunities and navigate challenges within the evolving mall space. Oscar breaks down some recent transactions and shares the details of a $2.5 billion mall redevelopment. Tune in now. Episode Notes: Background (0:58) Position in the enclosed mall space (4:16) Identifying opportunities and navigating challenges (6:35) Mixed-use malls? (12:25) Breaking down mall acquisitions (19:26) Ma ..read more

In this episode, we delve into the market downturn that kicked off Q2—is it a mere correction or indicative of deeper underlying issues? In CRE, we share our latest CMBS delinquency rates and loan loss figures, then dive into distressed Chicago multifamily comps, and notable industrial property sales. Tune in now. Episode Notes: - Economic update: stocks slide, market correction? (0:23) - CMBS delinquency rates (5:03) - Multifamily comps (11:54) - Office stories (20:45) - Office crabgrass (27:36) - Industrial transactions (35:55) - Hotel sale (40:29) - Shoutouts (42:34) Please take our listene ..read more

After the Fed meeting this week and signs that there will be interest rate cuts in 2024, we ask ourselves if the 'devil is in the Fed Dot Plot'. In this week's episode of The TreppWire Podcast, we also analyze housing starts, Joann fabric's bankruptcy filing, stories of value reductions for malls, San Francisco's latest sublease space, and several multifamily, lodging, and industrial stories. Tune in now. Episode Notes: - Economic update: Fed meeting (0:23) - Housing starts (8:31) - FDIC disposition of SVB loans (12:00) - Retail transactions (15:01) - Joann fabric bankruptcy (16:03) - Retail C ..read more

In this week's episode of The TreppWire Podcast, we break down the economic headlines along with the news of Family Dollar closing 1,000 stores. We also dig into retail and multifamily transactions, crab grass + a potential mixed-green for office, and more in lodging and industrial. Tune in now. Episode Notes: - Economic update (0:23) - Dollar Tree closures/ Family Dollar news (2:22) - Cash-in mall refi (10:32) - Retail transactions (15:01) - Office news (16:44) - Multifamily sales and financing (30:43) - Lodging news (36:31) - Industrial (44:22) - Shoutouts (47:58) Please take our listener fe ..read more

This week, we've had no lack of news including ADP, JOLTS, NYCB’s $1 billion-plus capital injection, and Fed Chair Powell’s semi-annual congressional testimony. In this episode, we break down what it all means for CRE, dive into CMBS loan losses, and share stories on apartment sales, office crabgrass, and retail green shoots. Tune in now. Episode Notes: - Economic update (0:23) - CMBS loan losses (8:10) - Not all class b/c offices are created equal (11:59) - Office crabgrass (16:20) - Property valuations (21:25) - Multifamily sales (28:03) - Retail green shoots (35:40) - Shoutouts (41:11) Plea ..read more

In this week's episode of The TreppWire Podcast, we break down PCE data, Macy's store closure news and the exposure in CRE, and Trepp's latest figures for CMBS delinquencies. Across property types, we review stories about loans heading to special servicing, property valuation reductions, and discounted payoffs. We also share a review of REIT earnings. Tune in now. Episode Notes: - Economic update (0:23) - Macy's store closures (4:50) - CMBS delinquency report (9:35) - REIT earnings (13:38) - Office crabgrass (19:04) - Multifamily sales (28:27) - Retail news (30:56) - Lodging (37:44) - Industri ..read more

In this week's episode of The TreppWire Podcast, we break down office valuation stories and the idea that despite positive retailer earnings reports, malls may not be out of the woods yet. We also cover several multifamily transaction headlines, and news for the retail, lodging, and industrial sectors. Tune in now. Episode Notes: - Economic update: Fed minutes, jobless claims, AI (0:23) - New office transaction in Seattle (4:11) - Atlanta office story (8:45) - Chicago office value decline (13:24) - Sublease story (15:17) - Malls not out of the woods? (18:26) - Retail property sales (23:59) - M ..read more

While the market was watching CPI numbers, jobless claims, and retail sales this week, the Trepp team was digging into the ‘extend and pretend’ narrative and signs of distress hiding in the lodging sector. In this episode, we dig into the data behind these themes, give a deep dive into the current office environment, and also share stories across the commercial property types. Tune in. Episode Notes: - Economic update: CPI, retail sales (0:23) - Extend and pretend narrative (4:55) - Hidden lodging distress? Maturities (15:39) - Hotel sale (21:13) - Multifamily stories (26:12) - Retail news (29 ..read more

In this week's episode of The TreppWire Podcast, we are joined by two market experts, Danielle DiMartino Booth, CEO & Chief Strategist at Quill Intelligence, and Dan McNamara, Founder & CIO of Polpo Capital. After a week full of headlines, we discuss the 'cold water' that seems to have been thrown on the recent resilience and soft-landing narrative. Join us as we talk layoffs and what the jobs numbers really mean, CMBS issuance, increasing recession fears, maturity walls, and faltering CRE fundamentals. Tune in now. Episode Notes: - Breaking down the week's news (0:47) - Inflation numb ..read more