TCN Worldwide Market Minutes Podcast TCN Worldwide

In this special episode, we talk with Paul Hendershot, Senior Director of Market Analytics at CoStar, who delivers a comprehensive mid-year economic update and forecast for the commercial real estate industry. Paul focuses on three asset classes (office, industrial, and retail) and shares his insights on what's going on in the national economy.

Today we talk with Grant Pruitt, President & Co-Founder, Whitebox Real Estate in Dallas, TX about what he's seeing within the DFW office market and how it compares to other markets as people return to the office. In this episode, Grant discusses the DFW office market and why he's bullish on the office sector as we come out of the pandemic and in the years ahead.

The multi-family investment sales market is booming in Oregon, and especially in Portland where Norris & Stevens/TCN Worldwide, the largest privately held full-service commercial real estate firm in the Portland market, has been in business since 1966. Tim Mitchell, President of Norris & Stevens, discusses some of the benefits of TCN Worldwide membership, where they've been a member for 30 years; the state of downtown Portland after a turbulent 2020 and where it is heading moving forward; the various asset classes; statewide rent control; cap rates; bullish submarkets and much more...

We are proud to present this special TCN Worldwide podcast featuring Dr. Mark Dotzour, a frequent participant at TCN conferences and one of the truly ‘entertaining economists’ to provide an economic update and forecast for TCN members as well as their clients, prospects, friends, and family.
 
Some of the topics Dr. Mark Dotzour discusses are:
Will the recovery be quick or prolonged?
What is the outlook for inflation in 2021 and beyond?
What is the outlook for borrowing rates?
What is the outlook for cap rates?
What is the outlook for investor demand for US commercial real estate?
 
Key Discussion Points
[00:17] Welcome and introduction by Eric Odum
[00:38] About our guest, Mark Dotzour
[01:40] What will the economic recovery look like? V shape? L shape?
[02:53] What is the outlook for prices and cap rates for high level properties?
[04:38] The hotel business is a real good opportunity right now
[05:06] The outlook on Office is somewhat uncertain at this time
[06:22] Bullish on American Commercial Real estate - money is flowing into commercial real estate in a big way
[07:40] Single Family market is "on fire" fueled by low interest rates
[09:00] Outlook on interest rates and inflation
[11:24] Q&A Session

Today we talk about 1031 Exchanges with Steven Rosansky, attorney and Senior Director of Exchanges for Peak 1031 Exchange, Inc. A 1031 exchange is important to real estate investors as it allows capital gains taxes to be deferred when swapping one investment property for another. Steven walks us through the history of 1031, why it's important in real estate investing, the pitfalls to avoid, and how to deal with a partnership where individuals want to go in separate directions.

Today we talk with Derek Waltchack, partner at Shannon Waltchack, about his personal perspective on the retail market in the southeast. While many investors steer clear of retail, especially when retail assets like malls are not doing so well, Derek embraces it and is doing quite well.