The TreppWire Podcast: A Commercial Real Estate Show

This week, AT&T announced it will spin off WarnerMedia which is the latest installment in the streaming war news... and there is some real impact that this may have on commercial real estate. In this week’s episode, Trepp’s Head of CMBS, Darren King, joins the team to analyze what is going on in this area. We also dive into the latest retail earnings, a CMBX 6 story, more mall news, both negative...

In this guest episode, Jim Shevlin, President and COO at CWCapital and RealINSIGHT joins the team to have a conversation about liquidity in the commercial real estate market. Jim walks us through what he is seeing in terms of transaction volume, compares the current market to other financial crises, and dives into the thought process of special servicers who had to manage an influx of hotel loans....

In this week’s episode, we discuss the latest data that confirms inflation is a real issue. But, is it a short-term reopen shock? We also spend some time digging into the current state of the retail market: street-level retail update, mall owners throwing in the towel, REITs adding tenants, mall traffic data, and more. Lastly, we run through office stories and the April loan payoff report and what...

In this week’s episode, Manus and Joe run through the highs and lows of the week, and the things that keep them up at night. We review a single-asset single-borrower retail deal in the works, green shoots and crabgrass in retail, more news for firms returning (or not) to their offices, and the latest delinquency rates. The team dives into an update on the Eviction Moratorium and 1031 Exchange and...

In this week’s episode, we dive into the latest positive signs for street-level retail following the announcement that all business restrictions in New York will be lifted this summer. We also discuss the list of New York City hotels that have been used for homeless shelters throughout the pandemic, downgrades for mall loans, and how much office demand will be forthcoming for the Tech Titans. Epis...

With servicer data slowly showing signs of how the pandemic impacted commercial real estate, it is time to look at last year's delinquencies and whether these loans are starting to "cure" or pay off. In this week’s episode, we preview the current status of loans that were delinquent during the height of the COVID market crisis, review office vacancies, and give an update on the retail apocalypse a...

In this week’s episode, we dig into the recovery that the latest Fed economic survey found is “broad-based across industries” and highlight solid big bank earnings. We also review recent office headlines that can fall into good, bad, and ugly categories. We discuss movement in the retail sector in terms of property sales and more stories of occupancy declines for multifamily properties. Episode No...

In this week’s episode, Trepp’s Head of CMBS, Darren King joins us to analyze the spike in demand for commercial real estate CLOs in Q1 2021. We take a tour across the U.S., where different geographies saw vastly different impacts from COVID-19 in terms of multifamily occupancy and lodging distress rates. We also walk through special servicing data and the latest in retail and CMBX 6. Episode Note...

In a special guest episode, we welcome David Bitner, Global Head of Capital Markets Insights at Cushman & Wakefield to discuss the firm’s latest Signal Report: The Global Guide to CRE Investing. David and Manus review the global outlook for CRE, areas of strength for retail, the painful lag in business travel, and thoughts on residential real estate. David also shares hidden investment opportuniti...

In this week's episode, the team examines new economic data which shows choppy progress. We dive into CMBS delinquency rates and give listeners a sneak peek at the latest bank CRE loan performance and multifamily occupancy data. It was a heavy sports day for the team: we talk about some hotels that are struggling without live sports and also get excited for MLB Opening Day, the Masters, and colleg...

In the CRE space, investors have been waiting for distressed asset sales and it seems that hotel opportunities are now on the rise. In this week’s episode, we discuss these hotel sales, the flux in the state of the office market, and analyze the latest multifamily occupancy news. The team reminisces on one year of The TreppWire Podcast. Thanks to all of our listeners for the continued support! Epi...

In this week's episode, we discuss positive and negative signs (or green shoots and crabgrass as we like to call it) in the latest commercial real estate data. We talk through more commercial property valuations, how working from home can impact credit ratings, and give an update on CMBX 6. Tune in to the end for our March Madness picks. Episode Notes: - Fed takeaways (0:58) - Positive signs in CR...

In a special guest episode, Donald Sheets, Managing Director and Member of the Management Committee at Broadshore Capital Partners is back to give us an update on the distressed debt market. We review concerns over inflation and rising interest rates, commercial mortgage bond prices, and get a lesson on distressed debt 101. Episode Notes: • Rising interest rate environment, does capital reprice or...

In this week’s episode, the team is back together as we give our one-year reflections on the coronavirus pandemic by highlighting the biggest surprises in the commercial real estate market and overall. We also dive into the latest stimulus package and the potential impacts to CRE and discuss the latest headlines for retail and office. Episode Notes: - Inflation and interest rates - Impact of lates...

In this week’s episode, we analyze the recent drops in the delinquency rate, especially for hotels and retail, and what it means for the market. We take listeners through the latest office headlines, retail news and earnings, CRE CLO performance, and dive into the Texas real estate market. Episode Notes: Market news (0:20) Retail earnings (1:54) Delinquency rates (6:48) Office news (11:30) Update...

In a special guest episode, we welcome John Worth, Executive Vice President of Research and Investor Outreach at Nareit, the voice for REITs and publicly-traded real estate companies. John talks to the team about REIT performance over the past year, potential new regulatory impacts, takeaways from REIT earnings, and thoughts on the future of the office. He also shares his forward-looking comments...

In this week’s episode, Lonnie Hendry is back as we review the latest market news. We give an early look at changes in revenue and net operating income, dive into nuances in servicer data, discuss a rescue fund for hotels, and comb through more office news. On the retail front, we talk about more store closings and co-tenancy clauses. Episode Notes: • Latest market news (1:10) • Office news (6:32)...

In this week’s episode, we look at the latest headlines fanning the flames of concerns over inflation. We also discuss even more companies shedding their office footprints, value reductions and revaluations for malls across the country, and opportunities in the NYC hotel market. Lastly, Manus and Joe give an overview of types of credit enhancement and look at the Fed’s latest stress testing scenar...

In this week’s episode, we look at the latest mix of bad and good news for the commercial real estate property types. We walk through this week’s ‘Ground Zero’- like office headlines, unicorn news for the hotel segment, Simon’s retail earnings, and Amazon’s industrial story. We also discuss our Life Insurance Commercial Mortgage Return Index and CMBS deal pricing 101. In time for Valentine’s day,...

The Mortgage Bankers Association recently hosted the CREF21 virtual conference and released their Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. In a special episode, MBA’s Jamie Woodwell, VP of Research and Economics, and Mike Flood, Senior VP of Commercial/Multifamily Policy and Member Engagement walk us through the takeaways. We also discuss how the new administration...

In this week’s episode, we welcome Trepp’s Head of EMEA & APAC, and Chair of the MERG, Vivek-Anand Dattani to give a rundown of what is happening in the European markets. We also dive into US market news, highlight the latest delinquency and distress rates, review CMBX trading, retail and office news, and the Eviction Moratorium. Listen until the end for the team’s Super Bowl LV picks. Episode Not...

In a special episode, we welcome Ethan Chernofsky, VP of Marketing at Placer.ai, a firm that uses cellphone data to track consumer behavior. We discuss how watching foot traffic in retail has emerged as a leading indicator of property performance. We also cover surprises in offline retail, the 2020 retail winners, and predictions for 2021 winners. Episode Notes • About Placer.ai (00:30) • Surprise...

In this week’s episode, we break down the short squeeze surge that made headlines this week and why it matters to the commercial real estate market. We also discuss the latest retailer closings, the conversion of malls, more news on apartment occupancy, and corporate office closures. The team highlights some of very own Trading Alerts for those in the market. Episode Notes: Stark stock moves and w...

In this week’s episode, we break down what the new policies from the Biden administration could mean for CRE and finance and specifically discuss the vaccine rollout. We also talk about the big takeaways from Q4 bank earnings, the latest bank loan delinquency rates, tumbling occupancy levels in the multifamily sector, and a wave of hotel bankruptcies. Tune in to hear how we also work chicken wings...

Deloitte recently published its 2021 commercial real estate outlook, outlining opportunities for CRE practitioners to respond, recover and thrive during the pandemic. We welcome Deloitte’s Kathy Feucht, Global Real Estate Leader, and John D’Angelo, Managing Director to discuss their findings and recommendations. The team also dives into the digital transformation of real estate, discusses the futu...