Best TreppWire Podcasts (2025)

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

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24h 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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369. Before Circling Back: Jobs Data, Fed Policy, CRE Strategy Featuring Ground Leases, Data Centers, Investor Trends & More 51:03

6d 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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368. In the Eye of the Commercial Real Estate Storm with Michael Comparato, Benefit Street Partners 39:45

8d 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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367. Year-End CRE Plot Twists: Fed Dots and Drama, Warner Bros. Sale & Their CRE Footprint, and Office & Multifamily Transactions 49:07

13d 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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366. 2025 Issuance Tops $120B, Fannie/Freddie Lending Caps, NYC–Cincinnati Office Pricing Gaps, Market Trends & More 49:58

20d 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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365. Cooling, Not Crashing: Thankful for CRE Bright Spots & A Ground Lease 101 47:36

29d 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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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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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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362. CRE Earnings Show Market Resilience, CMBS Issuance Nears $120B, 50-Year Mortgage Debate, & More 53:40

1M 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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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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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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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…

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358. Beige Book Insights, CMBS Lending Leaders, Data Center Risks, Walmart’s AI Move & NYC’s Office Comeback 49:13

2M ago49:13

49:13

In this week’s episode of The TreppWire Podcast, we unpack the ripple effects of the government shutdown and discuss how the Beige Book has gained importance amid the economic data drought. We highlight Trepp’s projection of over $123 billion in private-label CMBS issuance for 2025 and preview our September CMBS Special Servicing report, where the …

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357. Shutdown? Maybe in DC… CMBS Issuance Surges, Bank Consolidation, Office Recapitalization 46:38

3M ago46:38

46:38

In this week’s episode of The TreppWire Podcast, we break down the U.S. government still being shut down and what it means for economic data releases being paused the longer it drags on. We unpack the September Fed meeting minutes, which revealed a split among policymakers following last month’s 25-basis-point rate cut. We dive into Q3 CMBS issuanc…

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356. What This Week Means for CRE: Government Shutdown, AI’s Impact on Employees, CMBS Delinquency Rate Pulls Back, Bank Data Insights & More 51:46

3M ago51:46

51:46

In this week’s episode of The TreppWire Podcast, we analyze what recent developments mean for commercial real estate (CRE), starting with the U.S. government shutdown. We explore its potential economic impact, how long it could last, and what historical shutdowns suggest for CRE. We continue the ongoing conversation about AI, including Accenture la…

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355. The Markets Keep Moving: Office Bright Spots, Compass’ $1.6B Merger Reshapes Resi, Recapture Explained, & Trepp Trading Alerts 53:11

3M ago53:11

53:11

Is office a good investment alternative? In this week’s episode of The TreppWire Podcast, we break it down, spotlighting growing demand for high-end CBD space even amid ongoing distress. We dive into Compass’ $1.6 billion acquisition of Anywhere and its potential impact on the broader residential brokerage landscape, along with August’s new home sa…

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354. Behind the Debt Yield Metric in Commercial Real Estate with John Barkidjija of Byline Bank 44:03

3M ago44:03

44:03

In this special episode of The TreppWire Podcast, we’re joined by John Barkidjija, Executive Vice President and Head of Commercial Real Estate (CRE) and Specialty Finance at Byline Bank. Better known to our listeners as Dr. Debt Yield, John shares why the debt yield metric remains a cornerstone in CRE and reflects on the moment it became his prefer…

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353. From Dot Plot to Deal Flow: Unpacking the Fed's Cut, Retail Data Stays Strong, Paramount’s $1.6B Play, Special Servicing Rates Fall 51:27

3M ago51:27

51:27

In this week’s episode of The TreppWire Podcast, we analyze the Federal Reserve's recent rate cut and the impact on the commercial real estate (CRE) capital markets. We revisit the movement of the Secured Overnight Financing Rate (SOFR) and credit spreads leading up to the decision. We also unpack the stronger-than-expected retail sales data for Au…

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352. Nearly 1M Jobs Vanish, Industrial Demand Cools, Return-to-Office Mandates, D.C.'s Office-to-Resi Tax Incentives, & More 48:27

3M ago48:27

48:27

In this week’s episode of The TreppWire Podcast, we unpack major labor market revisions, revealing that job growth was overstated by 911,000 jobs over the past year. We analyze recent data that strengthens the case for a 25-basis-point rate cut at the upcoming Fed meeting. We also dive into Treasury Secretary Scott Bessent’s op-ed, which critiques …

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351. CMBS Loan Workouts Unfiltered with Shlomo Chopp 45:33

4M ago45:33

45:33

In this special episode of The TreppWire Podcast, we’re joined again by Shlomo Chopp, Managing Partner of Case Equity Partners, to discuss commercial mortgage-backed security (CMBS) loan workouts and distressed property situations. Shlomo offers a deep dive into his firm’s strategic approach to navigating complex loan restructurings and asset manag…

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350. CRE's Yield Curve Conundrum, Residential Reality Check, Bank Transparency on Trial & Office Bright Spots 47:53

4M ago47:53

47:53

In this week’s episode of The TreppWire Podcast, we assess the current state of the market, explore the commercial real estate (CRE) yield curve, and check in on residential mortgage rate trends. We unpack recent changes to bank reporting rules that could make it easier for banks to hide troubled loans and conceal signs of distress in their lending…

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349. Economic Resilience vs. Headlines: Tale of Two Consumers, Record Office CMBS Delinquency, & Multifamily & Office Inflection Point? 48:34

4M ago48:34

48:34

In this week's episode of The TreppWire Podcast, we discuss retail earnings revealing a bifurcated consumer with value players like Five Below and Walmart raising guidance while restaurants struggle, and examine resilient GDP growth despite declining consumer confidence. We dive into our latest CMBS delinquency data, showing office hitting another …

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348. Office Origination, Stagflation, Job Data Misinformation & Retail Earnings Fluctuation 49:17

4M ago49:17

49:17

In this week's episode of The TreppWire Podcast, we dive into growing economic concerns, from stagflation risks and the ongoing market uncertainty related to tariffs and Federal Reserve policy. We discuss the quality of the monthly jobs data to forecast future demand, and break down the latest retail sales data and performance, highlighting mixed e…

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347. When Tides Pull Back: Finding CRE Opportunities in Supply-Demand Imbalances with Samir Tejpaul, Madison Realty Capital 44:23

4M ago44:23

44:23

In this special guest episode of The TreppWire Podcast, we are joined by Samir Tejpaul, Managing Director and Head of Capital Markets at Madison Realty Capital. Samir draws parallels between today's market and 2011 when he started his career and shares why he's bullish on 2026. He also explains Madison's approach to analyzing supply and demand imba…

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346. Back to School, Back to the Office, & Back to the (Quantum) Future of CRE 50:08

4M ago50:08

50:08

In this week’s episode of The TreppWire Podcast, we examine the Fed's challenging position amid mounting political pressure and July's noisy CPI print. We analyze CBRE's exclusive survey showing companies making unprecedented progress in getting employees back to the office, with enforcement and monitoring dramatically increasing. We dive deep into…

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345. Appraisal Sector Shakeup, Lodging Capex Crunch, Multifamily Planned Liquidation & Expansion to Industrial 53:53

5M ago53:53

53:53

In this week’s episode of The TreppWire Podcast, we examine weak labor data and mixed economic signals that are fueling Fed rate cut expectations while recession probabilities remain relatively contained. We analyze the crisis at the federal appraisal regulator and explore demographic challenges in the appraisal industry. We dive deep into lodging …

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344. CRE Maturity Drag, Fed Holds Rates, Tariff Deadlines, Bank Earnings & Executive Commentary 50:23

5M ago50:23

50:23

In this week’s episode of The TreppWire Podcast, we break down the Fed’s decision to keep rates steady and provide our thoughts on whether there will be a rate cut in September. We discuss Friday’s tariff deadline, negotiations that are still pending, and the implications on the economy. In other parts of the market, we analyze recent bank earnings…

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343. Commercial vs. Residential Real Estate Value Drivers, Hottest Markets Leading the Way, & Transactions from the Week 47:14

5M ago47:14

47:14

In this week’s episode of The TreppWire Podcast, we spotlight the top-performing U.S. cities driving the commercial real estate (CRE) market and break down the key differences between value drivers in commercial versus residential real estate. We discuss the single-family housing market impact on CRE, as well as general housing affordability concer…

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342. Powell's Balancing Act, Private Credit... Hidden Risk?, Office Special Servicing Hits All-Time High, & Mixed Office Signals 51:41

5M ago51:41

51:41

In this week's episode of The TreppWire Podcast, we discuss escalating political tensions surrounding Federal Reserve independence and examine June's inflation data showing limited tariff impacts. We analyze the growing role of private credit in filling gaps left by traditional lenders and discuss concerns about market opacity and systemic risk. We…

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341. The CRE CLO Comeback Story: Market Trends & Execution Strategies with Steve Chow, Prime Finance 37:46

5M ago37:46

37:46

In this special guest episode of The TreppWire Podcast, we are joined by Steve Chow, Principal and Head of Capital Markets, Analytics and Trading at Prime Finance. Steve oversees the firm's financing and capital markets activity across three distinct commercial real estate debt strategies, including their bridge lending platform that has issued 12 …

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340. Housing Market Pressures, Credit Card Borrowing Plunged, BlackRock’s Buy, Texas Floods, NYC & Multifamily Transactions 58:29

6M ago58:29

58:29

In this week's episode of The TreppWire Podcast, we discuss the resilience in the market despite ongoing concerns about inflation and job layoffs, attributed to factors like AI integration. We unpack shifting expectations around Fed rate cuts, the growing strain on housing affordability, and credit card borrowing slowing a $5.1 billion gain in May,…

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339. From Data Centers to Derivatives: The 4 Ds of 2025 with Jeffrey Berenbaum of Citi Research 25:48

6M ago25:48

25:48

This episode was recorded on April 28, 2025. We are releasing it on July 8, 2025. In this special guest episode of The TreppWire Podcast, we’re joined by Jeffrey Berenbaum, Director and Head of CMBS and Agency CMBS Strategy at Citi Research. Jeffrey offers insights into financing markets, lending conditions, and the broader economic outlook. We exp…

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338. Timeless CRE Lessons: Market Cycles, Interest Rate Timing, Iconic Deal Failures, & Office Distress 52:27

6M ago52:27

52:27

In this week's episode of The TreppWire Podcast, we pull back the curtain for a special episode examining the timeless lessons that hold true across commercial real estate cycles. We explore the "grandmother's money" rule for managing risk, discuss how FOMO (fear of missing out) drives market behavior, and analyze the current interest rate disrupti…

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337. Wait-and-See or Cut-and-Run? The Fed's Dilemma, Political Impacts on CRE, Office Distress Opportunities & More 54:43

6M ago54:43

54:43

In this week's episode of The TreppWire Podcast, we explore economic trends, the Fed’s policy dilemma, and government impacts on real estate, including NYC rent regulation. We highlight office real estate investment opportunities, particularly how low-occupancy properties in strong MSAs could present attractive, discounted buying opportunities. We …

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336. What Recession? Making Sense of (Constantly) Revised Macro Data & What it Means for CRE with Danielle DiMartino Booth & Dan McNamara 44:44

6M ago44:44

44:44

With headlines shifting by the hour, we brought in two experts for a timely update on the macro landscape and its impact on commercial real estate (CRE). In this special guest episode of The TreppWire Podcast, we are joined again by Danielle DiMartino Booth, CEO & Chief Strategist at Quill Intelligence, and Dan McNamara, Founder & CIO of Polpo Capi…

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335. Geopolitical Turbulence, AI Gold Rush, Distressed Office Opportunities, & Trading Alerts 51:00

6M ago51:00

51:00

In this week's episode of The TreppWire Podcast, we examine how escalating geopolitical tensions may have overshadowed the Fed meeting, despite soft inflation data and mixed economic signals. We discuss Meta's staggering $100 million AI signing bonuses and what they signal about the AI revolution, and share highlights from Trepp's own AI hackathon.…

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334. CREFC Optimism, Market Uncertainty, Special Servicing Uptick & Notable Transactions 48:16

7M ago48:16

48:16

In this week's episode of The TreppWire Podcast, we recap CREFC’s June Conference, where optimism stood out amid market uncertainty. We analyze the latest economic data, including how the lower-than-expected CPI print might not be enough to prompt a rate cut as the job market remains healthy. We review Trepp’s May 2025 CMBS Special Servicing report…

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333. Trading Through Cycles: Whole Loan Market Insights with John Toohig, Raymond James 30:42

7M ago30:42

30:42

In this special guest episode of The TreppWire Podcast, we are joined by John Toohig, Managing Director and Head of the Whole Loan Trading Group at Raymond James. We explore how his experience through multiple market cycles, including the great financial crisis, has shaped his perspective on risk and opportunities in today's lending landscape. John…

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332. Jobs Jitters, Jamie Dimon's Warning, Wells Fargo Unleashed, NYC Office Market Revival, & Green Shoots Across Sectors 45:39

7M ago45:39

45:39

In this week's episode of The TreppWire Podcast, we discuss the weak ADP jobs report and Jamie Dimon's stark warning about potential bond market cracks. We analyze the Fed's lifting of Wells Fargo's asset cap after seven years and home equity line of credit (HELOC) exposure. We discuss two significant office acquisitions including Blackstone's $850…

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331. Economic Exhaustion, Office-to-Resi Momentum, CRE CLO Comeback, & Multifamily Green Shoots 45:55

7M ago45:55

45:55

In this week's episode of The TreppWire Podcast, we discuss markets swinging on tariff threats and temporary delays. We examine the trade-offs between inflation and employment concerns and also discuss leaks of retail price increases. We analyze momentum in office-to-residential conversions with major projects in Times Square, Boston, and a former …

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330. Go Where the Herd Isn’t: CRE Multifamily Insights & Realities with Sam Tenenbaum, Cushman & Wakefield 39:22

7M ago39:22

39:22

In this special guest episode of The TreppWire Podcast, we are joined by Sam Tenenbaum, Head of Multifamily Research at Cushman & Wakefield to dive into the current state of the commercial real estate (CRE) and multifamily markets. We unpack Sam’s perspective on national trends, take a closer look at the dynamics shaping Austin’s multifamily sector…

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329. America Downgraded: What Does it Mean? Appraisal Reductions and Trading Alerts Served with a Side of Optimism 52:33

7M ago52:33

52:33

In this week's episode of The TreppWire Podcast, we examine Moody's downgrade of the US credit rating alongside mixed economic signals including hotter-than-expected PPI data and declining consumer sentiment. We analyze diverging retail performance with Walmart showing resilience while Target struggles with falling transactions, and discuss retail …

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328. Commercial Lending & Investing Through Market Changes with Red Oak CEO Gary Bechtel 34:30

7M ago34:30

34:30

In this special guest episode of The TreppWire Podcast we are joined by Gary Bechtel, CEO of Red Oak Capital Holdings LLC. Gary shares his journey into the commercial mortgage industry and discusses the cyclical nature of the industry. He shares what differentiates Red Oak’s approach to structuring deals compared to other private lenders, as well a…

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327. Property Type Perspectives, Executive CRE Sentiment & Some Greenshoots: Trepp Connect (in NYC) 37:37

7M ago37:37

37:37

In this week's episode of The TreppWire Podcast, we unpack key insights from the recent Trepp Connect (in NYC) commercial real estate (CRE) event, sharing perspectives across property types and executive sentiment. While uncertainty remains, many participants expressed cautious optimism about the market’s direction. We break down thelatest economic…

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326. Does Slow & Steady Win the Race? Fed Holds Rates, Updated Office Stats, & A Unique Multifamily Case Study 51:13

8M ago51:13

51:13

In this week's episode of The TreppWire Podcast, we navigate mixed economic signals with strong April jobsdata alongside ongoing trade tensions. We analyze the Fed's decision to hold rates steady citing inflation concerns and explore Brookfield's $5.9 billion raise for distressed properties. We examine federal intervention in the PennStation redeve…

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325. The Macro Seesaw: Mixed Economic Signals, CMBS Issuance History, Rising Delinquencies & Industrial Sales 45:19

8M ago45:19

45:19

In this week's episode of The TreppWire Podcast, we discuss the markets that are still on edge as investors weighed fresh inflation data, a mixed jobs report, and renewed speculation around the Fed’s next move. We share fresh CMBS delinquency data and tease distress and loss data through the eras. We discuss two Westfield mall loans – one with a va…

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324. Unpacking Uncertainty: Economic Outlook, CMBS Origination Uptick, NYC Office Leases 52:36

8M ago52:36

52:36

In this week's episode of The TreppWire Podcast, weunpack the mixed economic data and evolving policy rhetoric keeping markets on edge. We analyze the latest release from the Fed’s Beige Book and its implications for commercial real estate (CRE) lenders navigating an uncertain market. We cover the ongoing impact of tariffs and the International Mon…

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323. Commercially Speaking: How Bo & Timmy Barron Make CRE Accessible 57:19

8M ago57:19

57:19

In this special guest episode of The TreppWire Podcast, we are joined by Bo and Timmy Barron, cohosts of the Commercially Speaking Podcast, a show that breaks down commercial real estate concepts in a clear and entertaining way. Bo, a Certified Commercial Investment Member (CCIM) instructor and CEO of Barron Commercial Group, shares his journey fro…

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322. Data Tells All: Powell’s Play, Market Uncertainty, Loan Spreads, & CRE Transactions 49:09

8M ago49:09

49:09

In this week's episode of The TreppWire Podcast, we break down the latest inflation data, analyze Federal Reserve Chair Jerome Powell’s message, and explore shifting Fed expectations while assessing what all this means for market uncertainty ahead. We unpack the consumer impact of the US-China trade war, even as retail sales exceed forecasts. In fi…

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321. Be Cool: Talking Tariff Reversals & CRE Implications, Special Servicing, Industrial Transactions, & More 56:55

9M ago56:55

56:55

In this week's episode of The TreppWire Podcast, we dive into this week's financial market volatility, exploring the impact of tariff policy changes and economic data releases while analyzing key developments with U.S. Treasuries. Drawing on insights from Trepp's Chief Economist, we examine how tariffs may influence various property sectors and the…