Stay ConnectedLeveraging Trepp’s market expertise and proprietary data sets, The TreppWire Podcast enables listeners to stay up-to-date on all things commercial real estate, structured finance and banking.
Featuring Trepp subject matter experts and guests from across the industry, the weekly podcast explores how recent events have impacted both the markets and the daily lives of market participants.
Questions or comments? Please contact us at podcast@trepp.com.
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In this special guest episode of The TreppWire Podcast, we are joined by Seth Glasser, Senior Managing Director at New York Multifamily at Marcus & Millichap. As one of the top-producing multifamily agents in their office, Seth shares insights into his journey in commercial real estate (CRE), the major challenges facing the NYC multifamily market due to evolving legislation, and where the opportunities lie. We also dive into key topics including 1031 Exchanges, triple net leases (NNN), current cap rates, and the importance of knowing the data in your market. Tune in now.
Episode Notes:
- Background and Start in CRE (1:44)
- Government Role in NY Housing (4:23)
- Biggest Challenges in Multifamily Sector (6:45)
- Buyers' Appetite for New Debt (11:43)
- Navigating the Market and Continuing to Grow (19:00)
- Affordable Housing World in NY (24:07)
- Office-to-residential Conversions (28:41)
- 1031 Exchanges, NNN Leases & Cap Rates (30:49)
- Multifamily Opportunities in NYC (36:48)
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This episode is sponsored by EisnerAmper.
In this week's episode of The TreppWire Podcast, we unpack recent economic, manufacturing PMI, and job data to debate if it is an indication that we’re sticking the soft landing or a false narrative. We discuss the billion- dollar commercial real estate (CRE) headlines of the week from Valley National Bank and Deutsche Bank, as well as a $1 billion venture to identify and support office-to-residential projects. We dive into Trepp’s CMBS Delinquency Report, with the office delinquency rate surpassing 10% in November. We close the episode with credit and transaction stories, including Burlington opening 100 net new stores in 2025, large acquisitions, and a retail and parking loan sent to special servicing. Tune in now.
Episode Notes
- Economic Update (0:56)
- Valley National Bank $1B CRE Loans Sale (7:56)
- Deustche Bank Sale of $1 Billion CRE Loan Portfolio (10:11)
- Office-to-residential Projects Fund (13:42)
- Trepp CMBS Delinquencies (19:02)
- Burlington Opening 100 New Stores in 2025 (31:15)
- Spinoso Real Estate Group Purchasing White Marsh Mall (25:27)
- Seattle Retail and Parking Loan Sent to Special Servicing (33:50)
- $79.5 Million Central Park of Lisle Loan Lowered (35:41)
- $48.2 Million Cedar Crest Professional Park Loan Slashed (37:50)
- Hotel Purchased in Chelsea NYC (40:31)
- $82 Million Apartment Sale in Tampa (43:52)
- Programming Notes (45:28)
- Shoutouts (47:40)
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In this week's episode of The TreppWire Podcast, we break down the latest consumer confidence and retail earnings data to understand “the tale of two consumers.” We talk Walmart vs. Target, more tariff talks, and examine the ‘largest’ stories all coming from Blackstone. We also break down several large retail loan changes, discuss the bifurcation seen across office headlines, and share transactions in multifamily and industrial. Happy Thanksgiving to all our listeners! Tune in now.
Episode Notes
Economic Update (0:23)
Consumer Confidence and The Tale of Two Consumers (1:38)
Home sales and home prices (4:35)
Target vs. Walmart Earnings and Store Performance (8:24)
Tariffs and Impact on Retail (13:40)
Retail stories: Blackstone Soho Purchase (17:05)
Rimrock Mall Loan Resolved with a Loss (19:05)
Riverside Park Mall Loan to Special Servicing (23:11)
Retail Transactions (26:23)
Office News: Tishman Speyer Closing $3B CMBS Refi (30:36)
SL Green Buying Park Avenue Office Condo for $130M (34:17)
$400M Bank of America Plaza Loan Value Slashed by Nearly 70% (37:17)
1515 Broadway Loan Gets Three-Year Term Extension (42:09)
Transactions: Multifamily and Industrial (45:45)
Programming Notes (49:06)
Shoutouts (50:23)
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In this week's episode of The TreppWire Podcast, we discuss whether the Fed is going to cut rates in December, the potential implications of Trump tariff talks, and the news of NYC banning tenant-paid broker fees. We talk through Blackstone striking a deal to buy Jersey Mike’s, Floyd Mayweather Jr. swinging on an office investment, and other celebrities entering the commercial real estate space. We share several large trading alerts from the week, including a few single-asset, single-borrower (SASB) credit stories. Tune in now.
Episode Notes:
- Economic Update (0:23)
- NYC Ban on Tenant-paid Broker Fees (7:38)
- Floyd Mayweather Jr. Buys Office Portfolio (12:25)
- Manhattan Office Trading Alerts: 500 Fifth & 5 Penn Plaza (15:26)
- Minneapolis Park Place East & West Loan Transferred to Special Servicing (21:01)
- San Francisco Office (23:41)
- Restaurants & Retail CRE (29:11)
- Santa Monica Loan Received Large Appraisal Reduction (26:27)
- Multifamily Trading Alerts & Transactions (39:43)
- Mixed-Use Stories, John Mayer, McG to Buy Jim Henson Lot in Hollywood (46:13)
- SL Green Values One Vanderbilt at $4.7B (50:28)
- Programming Notes (51:12)
- Shoutouts (52:22)
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This episode is sponsored by The Henley Group.
In this week's episode of The TreppWire Podcast, we breakdown more macroeconomic news following the election, as well as the October Senior Loan Officer Survey (SLOOS) that was conducted prior to the election. We dive into Q4 2024 Real Estate Roundtable Sentiment Survey results and tease out Trepp’s newly published Special Servicing Report with October numbers. We close this week’s episode with several office, multifamily, and retail credit stories from the week. Tune in now.
Episode Notes:
Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG
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This week was a big one. In this week's episode of The TreppWire Podcast, we unpack it all - from how the incoming Trump Administration could impact commercial real estate (CRE) markets, to the Federal Reserve cutting interest rates for the second time this year. We discuss the “higher for longer” narrative, the impact of monetary policy on transactions, and how issuance should hit $100B this year. We also dig into the major CRE headlines from the week - including Blackstone’s $4B all-cash deal and Starwood’s $244M industrial park sale – and wrap up with notable office, retail, and multifamily credit stories. Tune in now.
Episode Notes:
Please take our listener feedback
survey: www.surveymonkey.com/r/BMPXLHG
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at podcast@trepp.com.
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In this timely and special guest episode of The TreppWire Podcast, we are joined by Avi Schron of Cammeby's International. Avi breaks down the difference between rent control and rent stabilization, shares his perspective on how multifamily rent control developed, and unpacks some of the biggest challenges that multifamily operators in NYC are currently facing. We also dive into rent stabilization’s impact on multifamily properties and share Trepp data that adds to the New York narrative. We discuss the role of data, technology, and innovation in the CRE industry, and wrap up the episode with Avi’s insights and advice into the industry. Tune in now.
Episode Notes:
Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG
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In this week's episode of The TreppWire Podcast, we cover the recent mixed bag of GDP, consumer spending, and homes sales data. We also discuss the hot topics of the week, including the Fed staff report on “extend-and-pretend” and the LA Market with Dodgers winning the World Series. We wrap up the episode with more office loans being transferred to special servicing, but end on some positive credit stories. Tune in now.
Episode Notes:
- Economic Update (0:51)
- Average Home Mortgage Rate (5:08)
- Look into the LA Market (9:09)
- "Extend-and-Pretend" Fed staff Report (11:50)
- Brookfield Bank of America Plaza Loan (19:20)
- Value of Office Property Slashed by 70% (22:17)
- NY-based REIT Acquiring Retail Space (28:37)
- Lodging Credit Stories (35:23)
- Recent Industrial Sales (39:10)
- Programming Notes (42:00)
- Shoutouts (43:39)
Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG
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In this week's episode of The TreppWire Podcast, we examine the bond market selloff and rising yields impacting CRE ahead of a data-heavy economic calendar. We analyze a wave of special servicing transfers, including significant office properties in Boston and New York, and a major retail property in Portland. We also discuss notable transactions in the multifamily and industrial sectors, including deals in Virginia, California and Washington state. Tune in now.
Episode notes:
- Economic Update (0:23)
- Multifamily news: Midtown Manhattan building for sale, 3 Illinois and Kansas senior-living loans sent to special servicing, and a new $50M acquisition in Virginia (17:30)
- Office updates: loans sent to special servicing and a Virginia building with lower appraised value (24:37)
- Retail trading alert: Suburban Portland mall loan sent to special servicing (37:33)
- Industrial news: Seattle and Southern California recent acquisitions (39:39)
- Programming Notes (44:55)
- Shoutouts (47:36)
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 James Nelson, Principal and Head of Tri-State Investment Sales at Avison Young, and renowned investment sales broker. James shares his journey into commercial real estate (CRE), his insider advice for others in the market, and his thoughts on the current state of play in NYC. We also discuss office-to-residential conversions, the importance of knowing the data - and of course - the impact of interest rate cuts on the industry. Tune in now.
Episode Notes:
Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG
Questions or comments? Contact us at podcast@trepp.com.
Follow Trepp:
Twitter: www.twitter.com/TreppWire
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