CRE Exchange: Commercial Real Estate, Property Valuations, Real Estate Analytics and Property Tax

In the latest episode of the CRE Exchange podcast, Altus’ Omar Eltorai , Director of Research, and Cole Perry , Senior Market Analyst, cover Jerome Powell’s recent testimony on Capitol Hill and the SEC climate disclosure walkback. They also discuss last week’s macro data releases, including employment, construction data, beige book and the most recent FDIC quarterly banking profile. They wrap the...

In this episode of CRE Exchange, Cole Perry , Senior Market Analyst of Altus Group , and Omar Eltorai , Director of Research of Altus Group, discuss the overall market’s return to Earth as it moderates its expectations around the pace and magnitude of the Fed rate cuts. The team also discusses PMI, home sales, construction, and REIT earnings that portray a mixed CRE sector whose values and activit...

We welcome Conrad Madsen , Co-Founder and Partner at Dallas-based Paladin Partners , to this week’s podcast. Conrad shares his journey into commercial real estate, specifically what led him to establish a leading industrial real estate brokerage in North Texas. We also dig into Conrad’s perspective on the industrial real estate sector, discussing Texas’ role as a dominant player in America’s manuf...

On this episode of the CRE Exchange, Cole Perry , Senior Market Analyst of Altus Group, and Omar Eltorai , Director of Research of Altus Group , take a look at recent central bank actions across the globe as each major market grapples with whether to hike, hold or cut their rates. Narrowing the lens to US regional banks, they review the latest earnings reports, which continue to contend with CRE-r...

In last week’s CREFC conference, a panelist perfectly captured the initial CRE outlook for 2024 as “not negative.” There's much in those two words but also in what's not being said. On this week’s podcast episode, we recap key themes for the 2023 CRE market, including the importance of monetary policy and the potential potency of technology, also saw capital and credit concerns overshadowing posit...

On this episode of the CRE Exchange podcast, we welcome a special guest, Stephen Buschbom , Research Director of Trepp. Our hosts, Omar Eltorai and Cole Perry , pick Stephen’s brain on a wide spectrum of topics focused on the US commercial real estate debt space. Their discussion covers parallels to past markets, prevalent themes in 2023, predictions on market shifts, performance in 2024, and more...

In a special episode of the CRE Exchange podcast, Altus Group ’s Omar Eltorai , Director of Research, and Cole Perry , Senior Market Analyst, reveal some of the most valuable takeaways we gathered from polling almost 500 CRE professionals from the US and Canada for our Q4 2023 CRE Industry Conditions and Sentiment survey. From insights on current conditions around market competition, interest rate...

In this episode, hosts Omar Eltorai , Director of Research, and Cole Perry , Senior Market Analyst, both of Altus Group, talk to Adriana de Alcantara , Senior Managing Director of Hines and Fund Manager for Hines US Property Partners, Hines’ flagship core plus open-end fund. They explore a range of topics, offering a dive into Adriana’s career, Hines’ fund strategy and the current trends and outlo...

In the latest episode of the CRE Exchange podcast, Omar Eltorai , US Director of Research, and Cole Perry , Senior Market Analyst of Altus Group , discuss the latest FOMC minutes and the probability of a final rate hike for the year, findings from the Federal Reserve’s Survey of Consumer Expectations (SCE) on credit access, which indicates a decline in expectations for credit availability, the inc...

In the latest episode of the CRE Exchange podcast, Altus Group’s Cole Perry, Senior Market Analyst, and Omar Eltorai, Director of Research, take on the latest economic developments and their impact on CRE. They dive into the recent policy rate announcements by the global central banks, lending trends from the lens of SLOOS, house price trends, REIT earnings and more.  Key Takeaways: (00:56) A...

On this week’s episode of the CRE Exchange podcast, Cole Perry , Senior Market Analyst, and Omar Eltorai , Director of Research, both at Altus Group , break down the current economic conditions, focusing on the Federal Reserve’s reports, GDP releases and key insights from the housing, industrial, retail, office, and banking sectors. Key Takeaways:   (01:05) Analysis of the Federal Reserve’s B...

On this episode, Cole Perry , Senior Market Analyst, and Omar Eltorai , Director of Research, both of Altus Group , navigate various compelling topics that have recently been in the spotlight. They unpack the latest inflation and job market numbers, provide insights from the Federal Reserve's minutes and consider indicators of small business optimism. This episode provides insightful critical anal...

On this week’s episode of the CRE Exchange podcast , Cole Perry and Omar Eltorai , both of Altus Group , cover the latest US economic print, including consumer signals from Costco, CarMax and Carnival’s earnings reports. Additionally, they discuss the current housing trends in San Francisco and the rest of the country. Lastly, they share some observations from the CREFC Capital Markets Conference...

On this week’s CRE Exchange, Cole Perry , Senior Market Analyst, and Omar Eltorai , Director of Research, both of Altus Group , tackle FOMC’s decision on rates, current trajectories for building permits and home starts, potential consumer demand signals from four recent earnings reports, WP Carey’s shift in investments, Airbnb’s predicament with NYC’s Local Law 18, looming threats of a government...

In the latest episode of the CRE Exchange, Cole Perry , Altus Group ’s Senior Market Analyst, and Omar Eltorai , the Director of Research, evaluate the most recent economic indicators, including Small Business Optimism Index, CPI, PPI and business inventory levels. They analyze how these numbers could potentially impact the commercial real estate market. Key Takeaways: [1:24] What the NFIB Small B...

On this week’s episode of the CRE Exchange podcast, Cole Perry , Senior Market Analyst, and Omar Eltorai , Director of Research, both at Altus Group , delve into recent consumer credit trends, Kroger’s strategic shifts, and the implications of new rental regulations in NYC. Key Takeaways: - [00:06:38] Consumer Credit Surge: A significant rise in consumer credit in July, emphasizing the role of cre...

On this week’s episode of the CRE Exchange podcast, Cole Perry , Senior Market Analyst at Altus Group , and Omar Eltorai , Director of Research at Altus Group, review the latest slew of policy rates, economic indicators and market data points impacting the US commercial real estate industry. Key Takeaways: [00:53] Market signals supporting a “softer landing” narrative for the economy. [06:10] Limi...

On this episode of the CRE Exchange, Cole Perry , Senior Market Analyst at Altus Group, and Omar Eltorai , Director of Research at Altus Group , offer a comprehensive analysis of recent economic indicators and their potential ramifications on the commercial real estate sector. Key Discussions: - [00:00:34] Key revelations from the Jackson Hole symposium with emphasis on the Fed’s take on inflation...

In this episode of the CRE Exchange, Cole Perry , Senior Market Analyst at Altus Group, and Omar Eltorai , Director of Research at Altus Group , delve into the latest economic indicators and their implications for the commercial real estate market. We discuss: - [00:00:29] The current state of the CRE market and the macroeconomic scene. - [00:00:51] The significant rise in the Atlanta Fed’s GDP fo...

In this week’s news roundup, Omar Eltorai , Director of Research at Altus Group, dives into the latest economic data and earnings reports. Is this the sigh of relief the CRE market has been looking for, or are there still causes for concern? We talk about: - Positive news around CPI and GDP. - Encouraging signs for interest rates. - Insights from recent earnings calls. - What CRE can learn from th...

From changes in office demand to travel habits, many factors are contributing to what investors consider core. How do these shifts in the market impact valuations, allocations and the data needed to best manage outcomes? On today’s episode, we’re joined by three guests: Phil Stone , Managing Director, Head of Canadian Research at BentallGreenOak ; Omar Eltorai , Director of Research at Altus Group...

In this week’s roundup, we take a time machine back through modern history with Omar Eltorai, Director of Research at Altus Group, to see if past financial crises can give us a better sense of what has been transpiring in the current cycle. We’ll also discuss:  - The rising cost of capital. - The impact of banking troubles in 2023. - The shifting prominence of non-bank lenders. - Increasing scrut...

On today’s episode, CRE Exchange shares a discussion from this year’s Altus Connect conference on the numerous challenges being faced in today’s market. Our own Rick Kalvoda, President, Altus Analytics - America, hosts the candid conversation with Jeb Belford , Managing Director at Clarion Partners , and Brandon Flickinger , Senior Managing Director at Bridge Investment Group . We talk about: - Th...

Today’s episode is the June edition of the CRE monthly market update, where we delve into the North American CRE market and uncover some of its newest developments and trends. To do that, we’re joined by Peter Norman , Vice President and Chief Economist at Altus Group , and Omar Eltorai , Director of Research, also at Altus Group . We talk about: - Canada’s wildfires and their impact on the econom...

The impact of housing affordability is a fast-growing concern, when housing becomes less affordable, it can change employment patterns, limit economic growth, and affect the demand for rental properties, including commercial properties. On today’s episode, we’re joined by Peter Norman , Vice President & Chief Economist at Altus Group , and Omar Eltorai , Director of Research at Altus Group who...