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 week’s episode, our theme is a summer potpourri, a mix of retail and office headlines that are important to the commercial real estate finance market. We discuss the potential for borrowers handing back the keys, positive signs from Dillard’s earnings, WeWork’s latest partnership, upcoming foreclosure auctions, and office returns and rollbacks. Episode Notes: The time to taper is coming (0:55) Dillard’s earnings (5:07) Trading Alerts: non-core malls, borrowers handing back keys (8:46) Retail green shoots (18:04) Saks Fifth Avenue partners with WeWork (21:10) The Gap’s $24M in back rent (23:55) Employers moving ahead or rolling back return to the office (26:41) Office leases and sales (32:46) Upcoming foreclosure auctions (39:45) Single-family rental update (41:35) Shoutouts (44:08) 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
In this week’s episode, we dive into the takeaways from the week's economic news and cover more earnings for giants in the hardest-hit sectors, lodging and retail. We run through the latest hotel transactions and what the sales mean for the market, discuss a tenant/mall lawsuit, and rollbacks for firms' return to the office plans. Lastly, we cover the extension of the eviction moratorium and the top markets for CRE investment. Episode Notes: This week's economic takeaways (1:11) Travel earnings (7:20) Hotel transactions (13:35) Retail news and earnings (16:14) Mall and tenant lawsuit (22:52) Return to office rollbacks (25:28) Vornado earnings: Class A office space demand (28:26) Deal of the Week (32:00) Must-Knows of the Week (33:29) Multifamily: eviction ban extended (35:52) Top markets for CRE investment (43:00) Shoutouts (44:45) 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
In this week’s episode of The TreppWire Podcast, we cover trends from the latest COVID-19 vaccine mandates and behind the tech giants’ and REIT earnings reports. We also dive into some key stories including how certain retail closures can impact a mall, more office lease and tenant moves, and the rise in hotel occupancy. Finally, we cover the latest news on the Eviction Moratorium and give a sneak peek at our secondary MSA rankings and delinquency report. Episode Notes: Vaccine mandates, tech earnings, economic update (1:01) Boston Properties’ earnings (10:33) Movie theater and student housing REIT earnings (14:51) Preliminary delinquency rates (18:12) Tesla showroom closings, how certain tenant closures can impact a mall (19:21) Deal of the Week (23:26) Office news: GSA demand decreases (25:13) Must-Know of the Week: Chicago Law Firm Moving? (28:42) Trading Alert: Fraud allegations for big CMBS loan (31:37) Eviction Moratorium update (35:23) Hotel occupancy rising (40:03) Ranking metro areas for CRE investment (46:28) Shoutouts (48:21) 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
In this week’s episode, we give a list of retail loans that can be noted as in "purgatory." Then, we dive into mall value reductions, share a “man on the ground” view of the current state of NYC, and run through the latest office lease renewals. We also review the possibility that we may be defying normal economic measures in the current climate, with the news that the recession is over (and lasted just two months.) Episode Notes: National Bureau of Economic Research: “Recession is over” (1:06) Inflation update (9:12) Retail loans in purgatory (14:50) Mall value reductions (21:03) Man on the street – the state of NYC (25:35) Office stories: lease renewals, return to work (31:23) Deal of the Week (37:57) Must-Know of the Week (39:56) Shoutouts (41:16) 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
In this week’s episode, we dive into our latest analysis of financial benchmarks like net operating income, revenue, and occupancy by commercial real estate property type to assess the impact of the pandemic. We also give a review of office maturity data, showing some significant tenant rollover, discuss Fed Chair Powell’s latest inflation comments, Q2 2021 bank earnings, and this week's headlines and must-know news for the CRE market. Episode Notes: Inflation drivers, economic update, Fed comments (0:40) Financial benchmarks: NOI, occupancy, revenue, expense data (4:51) Green shoots for hotels (10:10) Mixed-bag hotel stories (12:27) Retail round-up (15:40) Starwood’s selling streak (19:56) Office maturities: tenant rollover (21:25) Major metro office stories (27:03) Q2 2021 bank earnings (34:22) Shoutouts (35:29) 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
Issuance activity is on the upswing for 2021 and some are predicting we could set a new record for the year. In this week’s episode, Darren King, Trepp’s Head of CMBS joins to give a deep dive on what we are seeing in terms of conduit, SASB, and CRE CLO issuance trends. We also review a blend of headlines for the retail and office sectors amid a return to normalcy. Finally, with employees heading back to the office in the coming months, we debate what may change about office attire. Episode Notes: What’s going on with the 10-year? (0:41) CMBS conduit, SASB, and CRE CLO issuance activity (6:11) Are CRE CLO trends transitory? (9:42) Positive retail news (16:30) Crabgrass in the retail market (28:23) The office shuffle (31:01) Shoutouts (40:07) 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
Back in December 2020, The TreppWire Podcast team offered performance predictions for each property type as the return to normalcy began to come into focus. In this week’s episode, we are back to grade the predictions, comparing the delinquency rates for lodging, retail, multifamily, office, and industrial to what we are seeing now. We also dive into a distressed asset trading alert where we explain what it means to buy distressed bonds, how a waterfall works, and why this story is a win for some bondholders. Episode Notes: Economic update: jobs report, eviction moratorium, inflation (0:42) Mixed-bag of delinquency news (5:35) CRE market recovery: reviewing our predictions (9:00) CMBS Spreads (19:17) Distressed Asset Trading Alert (22:10) Must-Knows of the Week: moves and potential vacancies (30:22) Green shoots (33:49) Shoutouts and Deal of the Week (36:08)
In this week’s episode, we walk through the week’s regulatory and economic headlines, dive into the Fed’s Stress Testing results, and give an update on the must-know, good, and bad news for the office sector as companies return to work. We also share our latest retail round-up, highlighting several mall loans that may need to go into witness protection due to valuation reductions, reclassifications, and more. Stick around as we tease what’s to come for next week, where we will grade our 2021 predictions (and there will be no curve). Episode Notes: Economic news (0:21) FHFA Director ousted – what does it mean for investors, borrowers, lenders? (1:10) Green CMBS deal first to meet ESG criteria (10:40) Eviction Moratorium update (16:03) Retail round-up: value reductions, reclassifications, and more. (18:49) Banks return to work (25:48) Office must-know, good, and bad news (30:02) Quick hit: hotel story (37:41) Fed Stress Testing results (39:16) Shoutouts (44:29) 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
Trepp just wrapped up our mid-year analysis (aptly called The Mid-Year Magazine) that will be published next week with Commercial Real Estate Direct. In this week’s episode, we walk through some of the mid-year analyses of the good, the bad, and the unknown for each CRE property type while sprinkling in some updates from recent TreppWire stories. We also give insights on the discussion at this week's CREFC annual conference. Listen here. Episode Notes: Economic news(0:25) Retail sales (3:57) CREFC Confidential: CRE market conversation (10:02) Good, Bad, & Unknown: Mid-Year Analysis (19:52) Multifamily/apartment sector review (21:43) Office uncertainty and headlines (25:01) 'Must-Know' of the week (29:36) Industrial sector update (31:21) The hard-hit hotel sector (33:21) Retail wrap-up (38:25) Shoutouts (45:06) 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
In this week’s episode, we welcome Mike Benz, Trepp’s Senior Vice President and Head of US Banking Solutions to discuss the regulatory shift in the banking market. We dive into takeaways from CECL and what’s to come, office headlines and stories that the market “must know,” retail news, and loan payoffs. Episode Notes: • Inflation growth (0:51) • Office green shoots (8:02) • Crab grass for the office market (12:20) • Must-Know of the Week (13:50) • Retail update (15:23) • Mall loan payoffs (17:21) • Deal of the Week (27:11) • Regulatory shift in banking (29:44) • CECL takeaways (46:48) • Shoutouts (50:21) 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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