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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Near term market outlook is positive but elevated prices, supply chain problems, a shortage of workers, and the Delta Variant are creating uncertainty. In this week's episode, we discuss the scariest macroeconomic issues in terms of impact on commercial real estate. Darren King, Trepp’s Head of CMBS joins us to discuss the almost-record CMBS issuance and explains what is happening in the conduit market. We then dive into the latest hotel activity stories and review hotel losses from the last decade. Episode Notes: Market news (0:25) What is the scariest macro issue for CRE? (5:40) CMBS and CRE CLO issuance update (13:43) What can supply the conduit pipeline going forward (18:30) An uptick in hotel activity (24:06) Hotel losses in the last decade (34:37) Shoutouts (43:00) Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp-llc Facebook: www.facebook.com/TreppLLC
In this week's episode, we go behind the headlines of the latest bank earnings and economic news. In commercial real estate and CMBS, we dive into a wave of negative office downsizing stories, several retail Trading Alerts about mall loan extensions, and some office sales and signings. Tune in for our discussion of the death of the fun-sized candy bar. Episode Notes: Fed tapering, economic update (0:20) Office loans with expiring leases (8:14) Office crabgrass: downsizings (10:14) Alarming Chicago office news (16:08) Office green shoots, sales & signings, positive signs in Atlanta (18:15) Price moving event: mall loan extension (23:53) Retail and hotel trading alerts (29:45) Bank Earnings, behind the headlines (35:20) Shoutouts (41:17) Halloween 2021 (42:38) Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp-llc Facebook: www.facebook.com/TreppLLC
In this episode, we welcome back special guest, Mike Flood, Senior Vice President of Commercial/Multifamily Policy and Member Engagement at the Mortgage Bankers Association to give us a round-up of the latest regulations and how they currently are impacting (and potentially will impact) commercial real estate. We discuss taxes, infrastructure, and the debt ceiling, and then dive into the multifamily sector, banking areas to watch, and insurance lending and ESG. Tune in now. Episode Notes: Taxes, infrastructure, and the debt ceiling (0:45) Spending Bill: impact on CRE (6:45) Multifamily sector (15:01) Revision of GSE conservatorship capital framework (20:54) HUD and FFB: Affordable housing (27:03) Banking areas to watch (30:41) Climate-related issues for insurers (34:45) ESG lending (38:31) Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp-llc Facebook: www.facebook.com/TreppLLC
While the rest of the economy drops with signs of turmoil this week, the commercial real estate market has been holding strong. In this week’s episode, we discuss inflation and supply chain issues impacting the markets. Then, we dive into some positive signs for CRE in terms of CMBS and bank loan delinquencies, and the latest office, retail, and hotel news. Tune in now. Episode Notes: • Inflation and supply chain issues (0:18) • CMBS delinquency rates(6:54) • Bank loan delinquencies and risk ratings (8:42) • Office green shoots(11:02) • Return to office changes (15:09) • Must-know news (18:09) • Positive retail news (19:24) • Hotel stories (23:34) • Slice of Life: A “gratuitously obnoxious” story (28:05) • Shoutouts (31:12) Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp-llc Facebook: www.facebook.com/TreppLLC
In this week’s episode of The TreppWire Podcast, we discuss the Evergrande news, comparing what we are seeing now to the Great Financial Crisis. We dive into a headline story that our own TreppWire team uncovered involving a misallocation of $12 million to CMBS bondholders. Professor Lonnie Hendry joins to give his office market predictions and share a rental rates 101 segment. Finally, what happens in Vegas doesn’t stay in Vegas, tune in to hear Manus’ takeaways from a recent trip. Episode Notes: • Evergrande and economic update (0:47) • Comparison to the GFC and Lehman (7:26) • Misallocation of funds / CMBS 101 (13:05) • Office green shoots (22:36) • Professor Hendry’s predictions: headwinds for office (25:01) • Rental rates 101 / office lease analysis (29:43) • Should-know office story (35:13) • Shoutouts (40:52) • Vegas vibe check (43:10) Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp-llc Facebook: www.facebook.com/TreppLLC
The 100th episode of The TreppWire Podcast is here! Thank you to our listeners who have been along for the journey. In the milestone episode, we review stats that have taken CRE on a wild ride: COVID cases, travel numbers, unemployment, occupancy levels, and loan delinquencies. Then, we dive into this week’s news about business travel, real estate regulations, retail must-knows, and the return to the office. Stay tuned to see how you can win a pair of “iEars.” Episode Notes: 100th episode (0:21) CRE’s wild ride throughout the pandemic: the numbers (4:52) This week’s news (10:00) Hotels, business travel (15:18) Return to office updates (20:13) Office green shoots: Must-Know of the Week (21:45) Retail: must-know news for brokers and CMBX 6 longs and shorts (24:36) Regulatory updates (31:58) Shoutouts (34:26) Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: https://twitter.com/treppwire LinkedIn: www.linkedin.com/company/trepp-llc Facebook: www.facebook.com/TreppLLC
The latest job claims update, higher than expected wage growth, and economic slowdown this summer due to the delta variant have us weighing the possibility of a future sell-off. In this week’s episode of The TreppWire Podcast, we dive into the latest change-up in return to office plans and what this means for the office market in various cities, we talk through Labor Day travel numbers and signs of a comeback for the hotel sector, and provide an update on recent retail gains. Stay tuned for our 100th episode next week! Episode Notes: Job Claims Update & Higher than Expected Wage Growth (1:45) Is a Tax Correction Coming? (7:05) Green-shoots in the Office Market (18:50) Must-Know of the Week: Crabgrass in St. Louis (25:01) Travel Numbers Almost Back to 2019 Levels…How are Hotels Holding Up? (26:34) Deep Dive on Las Vegas Hotel: LIBOR on the Floor (28:20) Are the Best of Retail Gains Behind Us? (34:35) Shout-outs (38:38) NFL Predictions (42:00) Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp-llc Facebook: www.facebook.com/TreppLLC
Mixed economic and commercial real estate headlines have us in a circle as we weigh the points and counterpoints of different stories impacting the markets. In this week’s episode of The TreppWire Podcast, we dive into the large decline in the CMBS delinquency rate, share several office and lodging stories, analyze hotel occupancy, review “better-than-ever” demand for several retailers that reported earnings, and give an update on the latest Eviction Moratorium news. Episode Notes: Economic update (0:20) CMBS delinquencies decline (6:48) Return to office and vaccine mandates (12:13) Positive and negative office stories (15:10) Lodging occupancy and travel news (24:35) Retail stories to watch (31:57) Manhattan street-level retail update (38:41) Eviction Moratorium news(44:21) Shoutouts (48:25) Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: https://twitter.com/treppwire LinkedIn: www.linkedin.com/company/trepp-llc Facebook: www.facebook.com/TreppLLC
Access the survey results here: https://www.trepp.com/2021-cre-sentiment-survey-results Concerns over economic conditions, the Delta variant, and inflation continue to weigh on commercial real estate market participants. But are there any blind spots that investors should be watching for? In a special episode, we reveal the results of Trepp’s 2021 CRE Sentiment Survey, highlighting some of the most important points and key takeaways from what we found. Episode Notes: • Joe’s return to office (0:56) • The survey (5:37) • Overall sentiment: bifurcated (8:30) • Economic and regulatory impact (11:50) • CRE delinquency predictions (15:35) • Transaction activity (18:00) • CRE fundamentals: effective rents and economic occupancy (19:43) • When will people be back in the office (23:53) • Biggest concerns (23:34) • Audience write-ins/shoutouts (26:51) Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp-llc Facebook: www.facebook.com/TreppLLC
Take Trepp's CRE Sentiment Survey: https://www.surveymonkey.com/r/S2YNXYD In this week’s episode, we weigh the potential catalysts for a future credit crisis and review retail earnings for Walmart, Home Depot, Target, etc. which all beat on the bottom line. In CRE and CMBS news, we cover our latest headlines on mall value reductions, loans becoming newly delinquent, office lease renewals and sales, and new hotel openings. Episode Notes: What could be the catalyst for the next credit crisis? (1:00) Clues from retail earnings (11:50) Must-Know: Amazon opening brick and mortar stores (19:20) Mall value reductions, CMBX 6 news, newly delinquent loans (23:44) Firms reworking return to office plans (27:11) Office headlines (31:06) Deal of the Week (36:37) Airbnb earnings (38:11) Hotel green shoot(43:18) Shoutouts (45:17) Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp-llc Facebook: www.facebook.com/TreppLLC
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