Best Cmbs Podcasts (2026)

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Working Out Distressed CMBS Debt with Michael Cohen 44:19

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1h ago44:19

44:19

Click to text the show! CMBS loans can be great for stabilized properties. They offer great terms and low rates. But what happens if you want to talk to a real human about your loan? What if you need a loan modification? With CMBS, a nightmare will ensue. Michael Cohen specializes in helping borrowers do CMBS loan workouts. Connect with Michael: ht…

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The Mayweather Whisperer: Jona Rechnitz (Rerun) 34:03

1d ago34:03

34:03

We're technically off this week. BUT, Business Insider dropped a banger of a read on Floyd Mayweather's tangled financial web, and somewhere at the center of that web is a character of great interest to The Promote Cinematic Universe: Jona Rechnitz was a New York real estate developer who was caught up in a massive NYPD corruption scandal before he…

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371. Setting the Stage for 2026: Commercial Real Estate Outlook, Key Predictions & Market Resolutions 48:28

2d ago48:28

48:28

In our final 2025 episode of The TreppWire Podcast, we look ahead to what 2026 may bring for commercial real estate (CRE), sharing initial calls for the year while reflecting on how economic conditions, interest rates, and tariffs shaped the past twelve months. We dive into CMBS-specific dynamics, including issuance, delinquencies, and maturities t…

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ASK MIKE MONDAY: "What did we learn in 2025, that will help us in 2026 multifamily investing?" 29:08

5d ago29:08

29:08

Michael Becker of SPI Advisory discusses the state of the Texas multifamily market as 2025 comes to a close. Michael explores key trends, including rent growth challenges, operational hurdles, and the impact of immigration policies on workforce housing. Also, Michael shares insights on SPI's recent acquisitions, financing strategies, and the import…

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Bluerock's Liquid Death, Soundstage Flops and OZK Walks the Plank 30:13

9d ago30:13

30:13

This week, we talk illiquid death – the Bluerock listing debacle says so much about the mark-to-magic happening in the nontraded REIT market. We then head to Hollywood where showbiz is turning into badbiz for Hackman Capital, HPP and others who went all-in on soundstages. And finally, we head to Charm City to check in on Kevin Plank & Goldman Sachs…

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370. Unwrapping Commercial Real Estate Property Types in 2025: Market Surprises, Year-End Takeaways & More 58:49

9d ago58:49

58:49

In this special holiday episode of The TreppWire Podcast, we take a step back to “unwrap” the biggest property-sector themes as the year winds down — and one word stands out: bifurcation. We dig into the major data and headlines from 2025 to uncover where performance is holding strong and where early signs of softness are emerging across sectors. W…

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Cash is King: Advising CRE Clients in Indianapolis with Ryan Cadwell 27:11

3d ago27:11

27:11

Click to text the show! Connect with Ryan: https://resoluterdm.com/ Email Jonathan with comments or suggestions: [email protected] Or visit the webpage: www.thesourcecre.com *The audio of this podcast is never generated by AI. However, some or all of the show notes and images may have been generated using AI tools.…

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EPS 338 - "From 2025 to 2026: Capital Markets, Multifamily Trends, and Expert Predictions" 26:22

4d ago26:22

26:22

In this episode of the Old Capital Podcast, the team discusses key multifamily market trends that shaped 2025, including increased foreclosures, loan modifications, and tighter equity conditions. They explain why Class A properties and agency financing through Fannie Mae and Freddie Mac are dominating transactions, while Class B and C assets face g…

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Value and Opportunity in Distressed Office and Multifamily with Jenny Zhan 30:46

6d ago30:46

30:46

Click to text the show! Jenny Zhan discusses her contrarian commercial real estate investing strategies including office and distressed multifamily. Connect with Jenny: https://beyond-wm.com/ Email Jonathan with comments or suggestions: [email protected] Or visit the webpage: www.thesourcecre.com *The audio of this podcast is never generated…

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369. Before Circling Back: Jobs Data, Fed Policy, CRE Strategy Featuring Ground Leases, Data Centers, Investor Trends & More 51:03

14d ago51:03

51:03

In this week’s episode of The TreppWire Podcast, we talk about the market’s response to the Fed’s third straight 25-basis-point rate cut and what early indicators suggest for the economy. We analyze the November jobs report, which surprised with 64,000 payroll gains but also saw unemployment climb to 4.6%, the highest since September 2021. We cover…

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Global Housing and Mortgage Outlook 2026 14:44

7d ago14:44

14:44

Join RMBS heads Kevin Kendra, Alessandro Pighi, and Ben McCarthy as they discuss the Global Housing and Mortgage Outlook for 2026, covering home price growth, performance risks, and key market trends.By Fitch Ratings

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Exotic Alts (w/ SomeraRoad's Ian Ross) & Taconic's Lab Leak 33:06

16d ago33:06

33:06

This week, we’re talking exotic alts – the far-flung corners of CRE that are starting to catch serious institutional interest. Think car washes, aviation hangars and the like. We're joined by Ian Ross, managing partner of SomeraRoad, to talk through the fascinating niche of aviation infrastructure and how it's been supercharged by the Big Beautiful…

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368. In the Eye of the Commercial Real Estate Storm with Michael Comparato, Benefit Street Partners 39:45

9d ago39:45

39:45

In this special episode of The TreppWire Podcast, we are joined by Michael Comparato, President of FBRT and Senior Managing Director and Head of Commercial Real Estate at Benefit Street Partners. Michael shares why he believes the commercial real estate market is still in the eye of the storm and why a V-shaped recovery is unlikely. He explains why…

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This $4B Institution is Developing Residential and Industrial in OZs with Peter Ciganik 35:29

9d ago35:29

35:29

Click to text the show! Today we are talking with someone who operates at an institutional level. He helps manage a $4 billion fund and he raises capital from other institutions like pension funds and university endowments. It is always good for us as investors and brokers to understand what the big players are thinking about and how they're making…

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367. Year-End CRE Plot Twists: Fed Dots and Drama, Warner Bros. Sale & Their CRE Footprint, and Office & Multifamily Transactions 49:07

21d ago49:07

49:07

This week, we recorded right after the Fed’s December decision to cut interest rates by 25 basis points. In this week’s episode of The TreppWire Podcast, we break down what the Fed’s communication could mean for rates, credit spreads, and CRE financing conditions in the months ahead. We also discuss the December SEP update, including three dissenti…

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Starchitects, Swedish Whales & an SF Hotel Heist 33:47

23d ago33:47

33:47

This week, we look back at the skyline-shaping impact of 2 starchitects who’ve just left us – Robert A.M. Stern and Frank Gehry – and then jump into a broader discussion about the pros & cons of name-brand architects. We dive into the industrial deal of the year, EQT’s 9M sf sale to Aum gobbler Artemis. And we have an exclusive tick-tock of a hotel…

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The paradox of lender M&A 18:46

16d ago18:46

18:46

George Smith and Tom Hall talk through Enpal’s second deal, the UK’s bank capital tweaks and why there isn’t more M&A in the specialist lender marketBy George Smith, Tom Hall

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Building a 13+ Property Industrial Fund with Geoff Stuhr 38:24

16d ago38:24

38:24

Click to text the show! Our guest today has niched down into Class B Industrial real estate in Southeast Wisconsin. The fact that he has niched down so narrowly is one of his biggest strengths and competitive advantages because it allows him to know his market and asset type better than almost anyone else. We talk about how Geoff thinks about risk,…

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Mailbag: CRE Casting Couch, Return-Immune Investing & Best Dumb-Guy Sectors 20:06

28d ago20:06

20:06

In our special mailbag episode, co-host Will Krasne tackles your most unhinged CRE questions: who'd be the dream cast of a CRE version of Million Dollar Listing, the best projects through which to launder funds, and which industry niches are IQ-optional. To advertise: Reach out to [email protected] For feedback: Write us at podcast@thepro…

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366. 2025 Issuance Tops $120B, Fannie/Freddie Lending Caps, NYC–Cincinnati Office Pricing Gaps, Market Trends & More 49:58

28d ago49:58

49:58

In this week’s episode of The TreppWire Podcast, we examine the state of the commercial real estate (CRE) market and how macroeconomic factors are shaping property sectors, from multifamily to single-family housing. We cover the FHFA’s new 2026 caps for Fannie and Freddie, inflation’s impact on consumer spending, and millennial living trends. We al…

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Sleepless in Seattle: The Martin Selig Story 29:45

30d ago29:45

29:45

This week, we dive deep into the maverick career of Seattle skyscraper titan Martin Selig - a true man in full who at his pomp controlled more than a third of the city's downtown, but is now at risk of losing it all. As of this summer, Selig has lost 19 of his buildings to third-party managers or lenders. He’s been unable to make good on over $850 …

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Keeping Class A Trophy Office 98% Occupied with Tiffany McSwain 31:04

23d ago31:04

31:04

Click to text the show! Connect with Tiffany: https://transwestern.com/tiffany.mcswain https://www.linkedin.com/in/tiffany-mcswain-ccim-2321ab15/ Email Jonathan with comments or suggestions: [email protected] Or visit the webpage: www.thesourcecre.com *The audio of this podcast is never generated by AI. However, some or all of the show notes…

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Solar ABS gets pumped up 34:03

1M ago34:03

34:03

This week Tom Hall and Thomas Hopkins discuss how Enpal's return heated up the ABS market and take the CLO equity market's temperatureBy George Smith, Tom Hall

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365. Cooling, Not Crashing: Thankful for CRE Bright Spots & A Ground Lease 101 47:36

1M ago47:36

47:36

We recorded early this week ahead of the Thanksgiving holiday, but even in a short week, the big picture is clear: the economy is cooling, not crashing. In this week’s episode of The TreppWire Podcast, we provide a quick macroeconomic update on where things stand as we head into the holiday and discuss how it all ties back to commercial real estate…

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Sleeping giants awaken 27:13

1M ago27:13

27:13

George Smith talks to Tom Hall about a run of giant ABS deals, and to Thomas Hopkins about whether changes to Solvency II will bring insurers flocking back to securitization.By George Smith, Tom Hall

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Providing Capital for Great Deals and Quality Sponsors with Derrick Barker 30:29

1M ago30:29

30:29

Click to text the show! Connect with Derrick: https://www.usenectar.com/ https://www.linkedin.com/in/derrick-barker-3b1590a/ Email Jonathan with comments or suggestions: [email protected] Or visit the webpage: www.thesourcecre.com *The audio of this podcast is never generated by AI. However, some or all of the show notes and images may have …

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364. Reading the Commercial Real Estate Room: Office Bifurcation, Retail Divergence, & SASB Reality Checks 1:04:06

1M ago1:04:06

1:04:06

In this week’s episode of The TreppWire Podcast, we examine the latest Fed signals as the October FOMC minutes highlight a growing split inside the committee and a wider range of potential outcomes heading into year-end. In commercial real estate, we dig into the rising optimism in office lending and why the narrative is far from uniform... Class A…

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Sonder's Mercy Killing and the Mooch's OZ Misadventure 31:06

1M ago31:06

31:06

This week, we explore why more multifamily REITs are offering themselves up at the altar - there just doesn’t seem to be a real path forward for many of these midsize players in this capital-markets environment. We then look at Marriott’s mercy killing of Sonder and the lessons to take away from yet another high-profile proptech implosion. And fina…

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Topiary and private credit CLOs 37:21

1M ago37:21

37:21

George Smith talks to Thomas Hopkins about hedging in private credit CLOs, before Tom Hall discusses Cerberus’ bridging breakthroughBy George Smith, Tom Hall

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363. WeWork CEO John Santora on the Power of Flexibility & Real Estate Cycles 34:16

1M ago34:16

34:16

In this special guest episode of The TreppWire Podcast, we welcome John Santora, CEO of WeWork and a seasoned leader in global commercial real estate (CRE) industry. After nearly five decades at Cushman & Wakefield, John shares his path to WeWork and his vision for leading the company. We explore major industry shifts, the cyclical nature of CRE, a…

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Self-Funded Deals, Money Values, Strategy with Gino Barbaro 39:17

1M ago39:17

39:17

Click to text the show! Connect with Gino: https://barbaro360.com/ Email Jonathan with comments or suggestions: [email protected] Or visit the webpage: www.thesourcecre.com *The audio of this podcast is never generated by AI. However, some or all of the show notes and images may have been generated using AI tools.…

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362. CRE Earnings Show Market Resilience, CMBS Issuance Nears $120B, 50-Year Mortgage Debate, & More 53:40

2M ago53:40

53:40

At the time of our recording, lawmakers were racing to avert the government shutdown. In this week’s episode of The TreppWire Podcast, we break down the White House’s proposal for a 50-year mortgage and the risks it could introduce, along with the latest CEO talking points on AI investments. In commercial real estate (CRE), we look at how brokerage…

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Reston Peace, Senioritis & A Capstack Crisis 32:18

2M ago32:18

32:18

This week, we chat about 2 big events in the senior housing space: Blackstone’s fire sale of a $1.8B portfolio and the Sonida-CNL merger. It’s a pretty gnarly business to operate, but there’s lots of room for creative structuring. Next, we look at the behind-the-scenes wrangling at one of Brooklyn’s buzziest projects: Jonathan Landau is attempting …

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EPS 337 - Have you ever heard the saying, "It's not what you make — it's what you keep?" 32:35

2M ago32:35

32:35

When it comes to building your personal wealth, that couldn't be more true. But here's the real problem: taxes. You could be spending months out of every year just working to pay the IRS. So how can you legally reduce your tax bill? That's where today's guests come in — Amanda Han and Matt MacFarland. They're real estate investors and tax strategis…

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Mindful Investing for Long-Term Success with Michael Coxen 29:04

2M ago29:04

29:04

Click to text the show! Connect with Michael: https://www.michaelcoxen.com/ https://www.linkedin.com/in/michaelcoxen/ Email Jonathan with comments or suggestions: [email protected] Or visit the webpage: www.thesourcecre.com *The audio of this podcast is never generated by AI. However, some or all of the show notes and images may have been ge…

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Prefunding preferred please 20:06

2M ago20:06

20:06

George Smith talks to Thomas Hopkins about what S&P’s France downgrade means for CLOs and sterling ABS issuers’ enthusiasm for prefundingBy George Smith, Tom Hall

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361. NYC's Rent Regulation Debate, AI Innovation for CRE, Inside the Loans Driving Distress & Notable Transactions 56:34

2M ago56:34

56:34

In this week’s episode of The TreppWire Podcast, we discuss the ongoing government shutdown and its implications, along with the Federal Reserve’s cautious stance and how it is affecting the markets. We also explore the potential impact of New York City’s new mayor on real estate trends and housing affordability. We cover the recent partnership bet…

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Blackstone Cubs, Secondaries Sizzle & Hines of Arabia 32:08

2M ago32:08

32:08

In a world awash with capital, it’s the same names who are vacuuming up increasing shares of it: We dive into Blackstone alpha cub Chad Pike's take-private megadeal for industrial REIT Plymouth, his most significant deal since being shunted to the BX sidelines. We then discuss how major US players such as Hines and Brookfield are now heading to the…

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Why Deals Get Funded or Passed Over with Aleksey Chernobelskiy 22:59

2M ago22:59

22:59

Click to text the show! Connect with Aleksey: https://gplpmatch.com/ https://www.linkedin.com/in/chernobelskiy/ Email Jonathan with comments or suggestions: [email protected] Or visit the webpage: www.thesourcecre.com *The audio of this podcast is never generated by AI. However, some or all of the show notes and images may have been generate…

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Discretionary commission in the rear view mirror 32:47

2M ago32:47

32:47

Waterfall's forward flow advantages, UK auto ABS resumes and CLO managers tackle a bifurcated leveraged loan marketBy George Smith, Tom Hall

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360. Fed Easing into the Unknown, Bank Mergers, $4.8T CRE Debt Universe, and Headline Highlights in Multifamily and Office 59:46

2M ago59:46

59:46

In this week’s episode of The TreppWire Podcast, we break down the Fed’s 25-basis-point rate cut and the continued banking consolidation trend, including Huntington’s acquisition of Cadence Bank. We discuss Amazon’s 14,000 layoffs amid its AI push and how that shift impacts office demand and data centers. We also review Trepp’s new report on the $4…

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Fugazi First Positions & Cracking Billionaires' Row 30:33

2M ago30:33

30:33

This week, we look at explosive allegations of mortgage fraud that have caught up 2 prominent regional banks. Zions and Western Alliance woes stemming from shenanigans at a California CRE investor once again show how vital regional banks are to the industry’s capital markets – and how distress in that space can ruin the whole party. Next, we look a…

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100K+ Sq Ft of CRE, Starting a Fund, Seller Financing with Mike Hendzel 35:53

2M ago35:53

35:53

Click to text the show! Connect with Mike: https://www.linkedin.com/in/mavhendzel-74026a38/ https://www.youtube.com/@PowerofRealEstate https://www.instagram.com/powerofrealestate_?igsh=MW1kdTkwNDI1cHp2MA== Previous episode with Mike: https://podcasts.apple.com/us/podcast/the-source-of-commercial-real-estate/id1651275017?i=1000673828553 Email Jonath…

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The seesaw of CLO mezz 27:37

2M ago27:37

27:37

George Smith talks to Tom Hall about a wobble in the sterling ABS market and to Tom Hopkins about some signs of widening in CLO mezzBy George Smith, Tom Hall

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EPS 336 - "How a Silicon Valley Exec Built a Thriving Multifamily Real Estate Empire – Learn His Secrets to Success!" 39:41

2M ago39:41

39:41

Eric Hardy, a former Silicon Valley professional turned successful multifamily real estate investor, shares his inspiring journey from selling semiconductors to building a thriving real estate portfolio. (Even in this crazy market) He discusses how he transitioned from passive investing to active ownership, emphasizing the importance of taking a me…

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359. CRE Playbook: Navigating the Shutdown, AWS Outage & AI Shifts, and Bad Bank Loans? 55:15

2M ago55:15

55:15

The government is still shut down and the markets are awaiting a delayed inflation report. While this doesn’t sound like new news, in this week’s episode of The TreppWire Podcast, we give it all a real estate spin – what do the happenings in the macro landscape really mean in the context for the commercial real estate (CRE) market. We dive into the…