The TreppWire Podcast: A Commercial Real Estate Show Trepp

In this week's episode, we break down surveys (a recent poll that revealed 55% of respondents believe the US economy is shrinking), sales transactions in the multifamily and industrial spaces, and an office sublease story. We also provide a data center digest, sharing some data points to note. We hope our listeners have a great long Memorial Day weekend!

Episode Notes:
Recession or resilience? (0:23)
Starwood’s SREI struggling to fulfill redemptions (7:00)
Banks leading five days a week in the office (8:36)
Higher-for-longer narrative reinforced (10:10)
Junk bond inflows (12:50)
Strong appetite for data centers (14:29)
$1.7 billion office portfolio loan modification (23:32)
Office headlines (28:45)
Mixed-use news (31:35)
Industrial (35:40)
Multifamily (43.15)
Shoutouts (46:50)

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In this week's episode, we unpack the market movers: a hot Producer Price Index (PPI) and a Consumer Price Index (CPI) that came in cooler than expected. We also dive into the latest REIT earnings and the ongoing debate surrounding NYC rent stabilization. Plus, the team break down two major office loans that transferred to special servicing, along with the latest news across property types. Tune in now.

Episode Notes:
- Economic update: PPI and CPI (0:48)
- Retail sales flat in April (7:02)
- REIT earnings (9:51)
- Office headlines (16:12)
- Rent stabilization and community housing (32:36)
- Multifamily sales (40:35)
- Oklahoma hotel portfolio transfers to special servicing (43:46)
- Industrial stories (48)
- Shoutouts (50;24)

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Questions or comments? Contact us at podcast@trepp.com.

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In this week's episode of The TreppWire Podcast, we analyze the latest Senior Loan Officer Opinion Survey (SLOOS) as banks clamp down on CRE lending across the board. We dissect the latest jobs report and its impact on the market as well as the latest stories across property types. The team also shares their takes on the Met Gala's fashion hits and misses. Tune in now.

Episode Notes:
- SLOOS commentary (2:44)
- Jobs market and unemployment data (6:35)
- We don't talk about rate hikes... (9:26)
- Major hospital bankruptcy (11:26)
- Office stories (14:06)
- Multifamily headlines (22:54)
- Hotel sales (32:59)
- Retail outlet loan extension (36:34)
- Industrial transaction (38:06)
- Shoutouts (41:56)

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Questions or comments? Contact us at podcast@trepp.com.

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In this special guest episode of The TreppWire Podcast, we are joined by NFL offensive lineman for the New York Giants and savvy real estate investor, Justin Pugh. Justin talks us through his journey in the NFL and offers insights into the reality of professional football. He also dives deep into his transition into the real estate space with a touchdown on his passion for mentoring those with future aspirations to succeed in the industry. Tune in now.

Episode Notes:

- Journey to the NFL (1:20)
- Why real estate? (4:27)
- Juggling plays and textbooks (7:48)
- Financial reality of being in the NFL (12:00)
- Mentoring in the real estate space (13:48)
- Building a brand through social media (16:58)
- Trial by fire in real estate development (20:21)

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Questions or comments? Contact us at podcast@trepp.com.

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In this week's episode, we break down if anything will really change for the commercial real estate markets following the Fed’s rate decision. We also dive into retail earnings, and specifically discuss some of the latest news for fast food chains. We share our latest CMBS delinquency rates and discuss what a negative headline means in the very dynamic world of CRE. Then, we run through stories for mixed-use, office, retail, industrial, and multifamily. Tune in now.

Episode Notes:
- Fed meeting, economic update - impact on CRE (0:23)
- Retail earnings: fast food (9:40)
- CMBS delinquency rates (15:55)
- Office stories (19:00)
- Mixed-use overview (25:01)
- Multifamily stories (36:35)
- Retail headlines (40:12)
- Industrial (42:58)
- Lodging (45:27)
- Shoutouts (46:10)

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Questions or comments? Contact us at podcast@trepp.com.

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This week's episode of The TreppWire Podcast was recorded early, so the team used this time to provide our listeners with a breakdown of the topics the market has been focused on lately: maturities, modifications, CRE risk pricing, cap rates, and more. In our usual fashion, we also dive into the CRE property types, but today, we share delinquency, DSCR, debt yield, and other important data points to note for each sector.

Episode Notes:
- Extend and pretend? Background and history (2:13)
- Is there a silver lining for office properties that can extend? (6:48)
- How have changing rates related to property values? + Cap Rates (9:28)
- Risk pricing within CRE, Gordon Growth Framework (13:44)
- Size of the CRE Universe (25:25)
- Deep Dive into the Data- Office, Multifamily, Retail, Lodging (28:10)
- San Antonio market (42:35)
- Debt yield and underwriting standards (47:39)
- Multifamily debt yield (49:24)
- Freddie Mac multifamily (51:28)
- Shoutouts (1:01:06)


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Questions or comments? Contact us at podcast@trepp.com.

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Twitter: www.twitter.com/TreppWire
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