Shows / The TreppWire Podcast: A Commercial Real Estate Show
The TreppWire Podcast: A Commercial Real Estate Show
Leveraging Trepp’s market expertise and proprietary data sets, The TreppWire Podcast enables listeners to stay up-to-date on all things commercial real estate, structured finance and banking. Featuring Trepp subject matter experts and guests from across the industry, the weekly podcast explores how recent events have impacted both the markets and the daily lives of market participants. Questions or comments? Please contact us at podcast@trepp.com.
Episodes
- The TreppWire Podcast: A Commercial Real Estate Show
431. The Ghost of Hikes to Come: AI Credit Jitters, Haunted CMBS, and a $6.2B Office Bet
This episode is sponsored by InvestNext. In this week’s episode of The TreppWire Podcast, we break down the Federal Reserve’s decision to hold rates steady…
- The TreppWire Podcast: A Commercial Real Estate Show
430. Hike or Rate Spike? The Fed's Next Move, 245 Park's Second Act, Large Servicer Transfers, & a Chicago Office Foreclosure
This episode is sponsored by InvestNext. In this week's episode of The TreppWire Podcast, we ask: Hike or rate spike? With the Fed's next meeting approaching…
The TreppWire Podcast: A Commercial Real Estate Show429. Multifamily Value-Add, Development, and Opportunity Zone Strategy with Barrett Linburg, Savoy Companies
In this special guest episode of The TreppWire Podcast, we’re joined by Barrett Linburg, Founding Partner of Savoy Companies, a vertically integrated Texas…
- The TreppWire Podcast: A Commercial Real Estate Show
428. Pressure Beneath the Profits: Bank Earnings, Hot Inflation, Falling Yields, & $2.9B in Hurricane-Exposed CRE
In this week's episode of The TreppWire Podcast, we unpack a week of conflicting economic signals as hotter-than-expected inflation readings collide with a…
- The TreppWire Podcast: A Commercial Real Estate Show
427. Inflation Revisions, Refinancing Decisions: $78B in Hard Maturities, Negative Leverage, & a $508M Retail Bet
In this week's episode of The TreppWire Podcast, we examine what higher financing costs mean for borrowers and investors. We break down the latest jobs and…
The TreppWire Podcast: A Commercial Real Estate Show426. CRE Lending Through Cycles: Stressed Sponsors, Industrial Conviction, & Today’s Debt Market with Stefanie Stewart, Voya Investment Management
In this special guest episode of The TreppWire Podcast, we are joined by Stefanie Stewart, Senior Vice President and Head of Real Estate Investments at Voya…
- The TreppWire Podcast: A Commercial Real Estate Show
425. The Payoff Problem: Rising Yields, $4.7B in Hard Maturities, & AI’s $4.2T Revenue Gap
In this week's episode of The TreppWire Podcast, we explore the latest economic data and what rising Treasury yields could mean for commercial real estate as…
- The TreppWire Podcast: A Commercial Real Estate Show
424. The Numbers Need Context: 5%+ Treasury Yields, AI Roadblocks, and Hotel Distress
In this week’s episode of The TreppWire Podcast, we break down the 10-year Treasury moving above 5%, rising oil and diesel prices, persistent inflation, and…
The TreppWire Podcast: A Commercial Real Estate Show423. The Office-to-Resi Conversion Boom is Just Getting Started with Joey Chilelli, Vanbarton Group
In this special guest episode of the TreppWire Podcast, we are joined by Joey Chilelli, partner at Vanbarton Group and one of New York City's most active…
- The TreppWire Podcast: A Commercial Real Estate Show
422. From the Fed to FedEx: Warsh’s First Rate Hike, $6.6B in Amazon/FedEx Exposure, and Three Paths for Office
In this week's episode of The TreppWire Podcast, we break down the Fed's unanimous 25-basis-point hike, its first increase in three years, and what a 10-year…
- The TreppWire Podcast: A Commercial Real Estate Show
421. Beyond the Headlines: Office Distress, a $30.6B Multifamily Maturity Test, & Western CRE’s Mixed Signals | LIVE at California MBA's WSCREF
In a special live edition of The TreppWire Podcast recorded at the California MBA Western States CREF conference, we dig into why today’s CRE market can seem…
The TreppWire Podcast: A Commercial Real Estate Show420. The Art of Storytelling in Commercial Real Estate with Spencer Levy, Host of CBRE’s The Weekly Take
In this special guest episode of The TreppWire Podcast, we are joined by Spencer Levy, Global Client Strategist and Senior Economic Advisor at CBRE and host of…
- The TreppWire Podcast: A Commercial Real Estate Show
419. Back to School, Back to Price Discovery: The 5% Treasury Test, College Football’s $6.1B Student Housing Connection
In this week's episode of The TreppWire Podcast, we break down the latest moves in rates and capital markets as the 10-year Treasury approaches 5%. We discuss…
The TreppWire Podcast: A Commercial Real Estate Show418. How CRE Lending is Changing: Bigger Deals, Data Center Capital, & AI with Catherine Sierakowski, BMO Capital Markets
In this special guest episode of the TreppWire Podcast, we sit down with Catherine Sierakowski, Managing Director & Group Head of Corporate Banking, North…
- The TreppWire Podcast: A Commercial Real Estate Show
417. Who Writes the Next Check? Fund Redemptions, Cash-Out Refinancing Trends, & CRE Workouts
In this week’s episode of The TreppWire Podcast, we break down the latest PCE inflation data and what the fine print could mean for rates, plus new Canadian…
- The TreppWire Podcast: A Commercial Real Estate Show
416. The Bond Market Bites Back: Treasury Intervention, AI’s $3 Trillion Bet, Office Loans Below Breakeven, & Forced CRE Sales
In this week's episode of The TreppWire Podcast, we unpack a volatile week in the bond market as the 30-year Treasury yield climbed above 5.3%, Treasury…
The TreppWire Podcast: A Commercial Real Estate Show415. The Retail Story Everyone Gets Wrong with Jim Dillavou, Paragon Commercial Group
In this special guest episode of The TreppWire Podcast, we are joined by Jim Dillavou, co-founder and principal at Paragon Commercial Group, a retail…
- The TreppWire Podcast: A Commercial Real Estate Show
414. The AI Capital Boom, Stubborn Treasury Yields, Office Bets, & Insurance Relief
In this week’s episode of The TreppWire Podcast, we break down the latest inflation and jobs data, what it could mean for the Fed, and why long-term Treasury…
The TreppWire Podcast: A Commercial Real Estate Show413. Inside Nomura's Return to CRE Finance with CMBS Industry Icon Larry Kravetz
In this special guest episode of The TreppWire Podcast, we are joined by Larry Kravetz, Head of U.S. Commercial Real Estate (CRE) and Commercial…
- The TreppWire Podcast: A Commercial Real Estate Show
412. Refinancing, Right-Sizing, & Repositioning: $5.49B in CMBS Hard Maturities, Camden Heads South, & Apollo's Austin Bet
In this week’s episode of The TreppWire Podcast, we break down mixed economic signals as stronger manufacturing activity contrasts with softer labor market…
- The TreppWire Podcast: A Commercial Real Estate Show
411. Play the Ball? Bonds Threw a Curve: New York CRE Shakeups & What Super Regional Bank Earnings Mean for CRE
In this week's episode of The TreppWire Podcast, we unpack a week of mixed market signals as the Fed held rates steady, but the bond market told a different…
- The TreppWire Podcast: A Commercial Real Estate Show
410. The Plot Thickens: Inflation Rerun, AMC’s Comeback, Data Center Spreads and Corporate Real Estate Shifts
In this week’s episode of The TreppWire Podcast, we unpack the return of geopolitical and trade risks to the forefront of market discussions. We break down…
The TreppWire Podcast: A Commercial Real Estate Show409. The Next Phase of CRE Capital Markets with Marty Allen of Grandbridge Real Estate Capital
In this special guest episode of The TreppWire Podcast, we’re joined by Marty Allen, Head of Capital Markets at Grandbridge Real Estate Capital, a Truist…
- The TreppWire Podcast: A Commercial Real Estate Show
408. Beneath the Headlines: AI Spending, Inflation, Bank Earnings, & Austin Multifamily
Inflation cooled, bank earnings surged, and AI spending accelerated, but are the headline numbers masking what's really happening beneath the surface? In this…
The TreppWire Podcast: A Commercial Real Estate Show407. Retail Isn't Dead, It's Evolving: From Outlet Centers to Lifestyle Destinations with Tanger’s Justin Stein
In this special guest episode of The TreppWire Podcast, we’re joined by Justin Stein, Executive Vice President, Chief Revenue Officer at Tanger, a leading…
- The TreppWire Podcast: A Commercial Real Estate Show
406. Challenging CRE Narratives: Mid-Year Reality Check, Office Conversion Risks & Multifamily Mixed Signals
In this week's episode of The TreppWire Podcast, we take a mid-year pulse check on the commercial real estate market and revisit some of Trepp's biggest…
- The TreppWire Podcast: A Commercial Real Estate Show
405. 250 Years of Commercial Real Estate, NYC Rent Freeze, Kroger's Next Move, & More
In this week’s episode of the TreppWire Podcast, we mark 250 years of American commercial real estate with a special Fourth of July deep dive into the original…
The TreppWire Podcast: A Commercial Real Estate Show404. Special Servicing in 2026: Office Workouts, Extensions, & CRE Stress with David Harrison of Midland Loan Services
In this special guest episode of the TreppWire Podcast, we are joined by David Harrison, Chief Operating Officer and Head of Special Servicing at Midland Loan…
- The TreppWire Podcast: A Commercial Real Estate Show
403. Selective Capital, Greenspan's Legacy, Morgan Stanley's Dallas Bet, & 2021 Multifamily Lessons
In this week’s episode of the TreppWire Podcast, we examine what is becoming one of the defining themes of today's commercial real estate market: capital is…
- The TreppWire Podcast: A Commercial Real Estate Show
402. The New Reality: Warsh's Fed, CRE Disruption, Apollo's Exit, & Credit Risk Transfer 101
In this week's episode of The TreppWire Podcast, we discuss Kevin Warsh's first FOMC meeting as Fed Chair and what the potential end of forward guidance means…
The TreppWire Podcast: A Commercial Real Estate Show401. Scott Rechler, Chairman & CEO of RXR: CRE Investing In the "Age of Disruption" | Live at Trepp Connect (in NYC)
In a special episode of The TreppWire Podcast, we’re bringing you a keynote conversation recorded live at Trepp Connect (in NYC). RXR Chairman & CEO Scott…
- The TreppWire Podcast: A Commercial Real Estate Show
400. Liquidity is Back, (Sales) Price Discovery Isn't | CREFC Takeaways & Episode 400
This week marks a major milestone as we celebrate Episode 400 of The TreppWire Podcast. In this episode, we tackle one of the biggest questions facing…
- The TreppWire Podcast: A Commercial Real Estate Show
399. The Apex of CapEx? AI Sticker Shock, Data Center Delays, REIT 101, & Sports-Driven CRE
In this week’s episode of The TreppWire Podcast, we break down macro data pointing to a resilient economy, with Institute for Supply Management (ISM) PMIs at…
- The TreppWire Podcast: A Commercial Real Estate Show
398. CRE’s New Math: Multifamily Cap Rates, Office Recovery Bets, & Capital Costs
In this week’s episode of The TreppWire Podcast, we discuss elevated rates, inflation concerns, and surprisingly resilient equity markets as capital costs…
- The TreppWire Podcast: A Commercial Real Estate Show
397. What the Fed Is Really Watching, CRE’s Consolidation Wave, Why Retail Is Winning, the LA Mansion Tax Backfire & AT&T's Move to Plano
In this week's episode of The TreppWire Podcast, we unpack a sharp Treasury repricing that pushed the 10-year past 4.5% and what it means for the CRE recovery…
- The TreppWire Podcast: A Commercial Real Estate Show
396. Inside Trepp Connect: Capital Deployment, the Lending Reset & CRE’s Emerging Divide Amid AI and Data Center Growth
In this week’s episode of The TreppWire Podcast, we unpack a split picture: hotter-than-expected CPI and PPI prints set against a more constructive capital…
- The TreppWire Podcast: A Commercial Real Estate Show
395. Structure, Scale, & Liquidity: What’s Driving CRE Right Now (and Mall Ownership 101)
In this week’s episode of the TreppWire Podcast, we explore the market forces shaping commercial real estate, with a focus on structure, control, and…
- The TreppWire Podcast: A Commercial Real Estate Show
394. The Inflation Games: The Fed Transition & Trimmed Mean PCE, Regional Bank & Mortgage REIT Earnings, & AI-Driven Real Estate Transactions
In this week’s episode of the TreppWire Podcast, we unpack the latest macro uncertainties shaping markets, from the Federal Reserve’s rate outlook to the…
The TreppWire Podcast: A Commercial Real Estate Show393. Debt Liquidity, Senior Housing's Surge, and the 2026 CRE Outlook with Chad Lavender of Newmark
In this special guest episode of The TreppWire Podcast, we sit down with Chad Lavender, President of Capital Markets for North America at Newmark, to unpack…
- The TreppWire Podcast: A Commercial Real Estate Show
392. Gigawatts & Green Shoots: Data Center 101, Blue Owl's Healthcare Grab, & NYC's Pension Housing Bet
In this week's episode of The TreppWire Podcast, we examine the selective stabilization theme shaping CRE in 2026, with strong retail sales and pending home…
The TreppWire Podcast: A Commercial Real Estate Show391. Justin Kennedy of 3650 Capital on Dispersion, Demand Shifts, and the New CRE Market
In this special guest episode of The TreppWire Podcast, we’re joined by Justin Kennedy, Co-Founder and Managing Partner of 3650 Capital, to discuss the state…
- The TreppWire Podcast: A Commercial Real Estate Show
390. Improving Liquidity, Banks Beat Earnings, a 1031 101, & More on Y'all Street: What It All Means for CRE
In this week’s episode of The TreppWire Podcast, we cover persistent inflation pressures tied to energy costs, improving liquidity in commercial real estate…
The TreppWire Podcast: A Commercial Real Estate Show389. Why Smart Capital Is Still Betting on Office with Mike McDonald, JLL Capital Markets
In this special guest episode of The TreppWire Podcast, we sit down with Mike McDonald, Senior Managing Director of JLL Capital Markets, Americas, to unpack…
- The TreppWire Podcast: A Commercial Real Estate Show
388. Strait Talk: Oil Shock, CMBS Issuance and Private Credit Signals, Appraisal Reduction 101
In this episode of The TreppWire Podcast, we unpack the market reaction to the US-Iran ceasefire and examine whether the energy shock has already left its mark…
- The TreppWire Podcast: A Commercial Real Estate Show
387. Houston, We Have a Slowdown: Loan Outcomes, CRE Reality, & Capital on the Move
This week, the data is sending mixed signals about the state of the economy. In this episode of The TreppWire Podcast, we break down February retail sales…
- The TreppWire Podcast: A Commercial Real Estate Show
386. Escalate to De-Escalate: Bank Capital & Lending Shifts, CRE Fundraising, Construction Cost Pressures, & More
In this week’s episode of The TreppWire Podcast, we break down a market defined by volatility and an “escalate‑to‑de‑escalate” dynamic playing out in real…
- The TreppWire Podcast: A Commercial Real Estate Show
385. Market Shocks: Oil Prices Reframe the Macro, Six Years Post-COVID, Self-Storage Consolidation, & Office Green Shoots
In this week’s episode of The TreppWire Podcast, we examine the Fed's decision to hold rates steady against a rapidly escalating geopolitical energy shock that…
- The TreppWire Podcast: A Commercial Real Estate Show
384. Volatility Returns: Oil Shock, Two Market Risks, Student Housing Exposure, Savills-Eastdil Deal, & More Impactful Headlines
In this week’s episode of The TreppWire Podcast, we break down how the spike in oil is affecting the broader economy and discuss how the energy shock is adding…
- The TreppWire Podcast: A Commercial Real Estate Show
383. Gulf Shock & Market Resilience: Ides of March Returns, YTD CRE CLO Issuance & SASB AAA Downgrades
In this week’s episode of The TreppWire Podcast, we examine rising Middle East tensions following US-Israeli strikes on Iran, including Iranian drone damage to…
- The TreppWire Podcast: A Commercial Real Estate Show
382. Resilience or Repricing? Private Credit, CMBS Market Sentiment, Office Signals, and Trading Alerts
In this week’s episode of The TreppWire Podcast, we explore whether current market conditions reflect resilience or the early stages of repricing. We break…
- The TreppWire Podcast: A Commercial Real Estate Show
381. Quiet Week, Loud Signals: Data Center Hyperdrive, Industrial Rankings, Office & Retail Trading Alerts
In this week's episode of The TreppWire Podcast, we highlight softer‑than‑expected inflation, market takeaways from the Fed minutes, and key data releases on…
The TreppWire Podcast: A Commercial Real Estate Show380. How Larry Connor Built a Multi-Billion-Dollar Multifamily Machine
In this special guest episode of The TreppWire Podcast, we sit down with Larry Connor, Founder and Managing Partner of The Connor Group, one of the largest…
- The TreppWire Podcast: A Commercial Real Estate Show
379. Squaring the Macro Circle, The Retail Rationalization, Multifamily Recalibration, & Lodging Capital Rotation
In this week’s episode of The TreppWire Podcast, we break down the growing disconnect between headline strength and underlying softness in the economy. Retail…
- The TreppWire Podcast: A Commercial Real Estate Show
378. Banking Back in Focus: Santander-Webster Deal, SLOOS Signals, Office CRE Delinquency Jump, Industrial & Data Center Deal Desk
Right after we recorded last week, President Trump nominated Kevin Warsh to succeed Jerome Powell. In this week’s episode of The TreppWire Podcast, we examine…
- The TreppWire Podcast: A Commercial Real Estate Show
377. Rates Steady, CRE in Motion: Multifamily Underwriting Pivot, Apartment Cash Flow Analysis, & Co‑Working Comeback
As much of the U.S. stays frozen, the Fed also kept rates on ice this week. In this week’s episode of The TreppWire Podcast, we break down the decision and…
The TreppWire Podcast: A Commercial Real Estate Show376. Inside Industrial Strategy, Alternative Assets & Private Credit with Clarion Partners’ Rick Schaupp
In this special guest episode of The TreppWire Podcast, we are joined by Richard (Rick) Schaupp, equity owner, Managing Director, and Head of Private Wealth…
- The TreppWire Podcast: A Commercial Real Estate Show
375. Fed Signals & CRE Shifts: Data Centers, Multifamily Supply Wave, & Amazon’s Big Box Move
In this week's episode of The TreppWire Podcast, we break down a busy week of economic data as markets look ahead to the Fed’s next meeting and reset…
- The TreppWire Podcast: A Commercial Real Estate Show
374. Back from CREFC Miami: Commercial Real Estate Market Sentiment, Macro Headlines, & Special Servicing Trading Alerts
In this week’s episode of The TreppWire Podcast, markets are digesting a mix of macro headlines and early signals from commercial real estate (CRE) as 2026…
- The TreppWire Podcast: A Commercial Real Estate Show
373. Separating Risk From Noise in 2026: Digesting Major Policy Shifts, Distress Early Indicators, Major Office Transactions & Moves
In this week’s episode of The TreppWire Podcast, we kick off 2026’s first full trading week with a look at the headlines shaping CRE, housing, and the broader…
The TreppWire Podcast: A Commercial Real Estate Show372. Carmen Spinoso on Leasing, Experiential Retail, & Why Enclosed Malls Still Matter | Spinoso Real Estate Group
In this special guest episode of The TreppWire Podcast, we’re joined by Carmen Spinoso, Chairman and CEO of Spinoso Real Estate Group, one of the country's…