Episodes

  • Rising Insurance Costs and Foreclosures Reshape Commercial Real Estate Landscape

    Rising Insurance Costs and Foreclosures Reshape Commercial Real Estate Landscape
    Oct 28 2024
    In this episode, we explore how climate risk is driving up property insurance prices, impacting commercial real estate investments. We also discuss the auction of a South Jersey office building amid rising commercial foreclosures, and JPMorgan's appointment of Michelle Herrick to lead its CRE division. Additionally, we analyze the recent foreclosure of a boutique office in Manhattan, shedding light on the challenges and opportunities in today's market. Join us for insights that are crucial for investors and stakeholders navigating this evolving landscape. Sources: https://www.reinsurancene.ws/climate-risk-drives-up-property-insurance-prices-impacting-commercial-real-estate-report/ https://www.bizjournals.com/philadelphia/news/2024/10/27/2-executive-campus-cherry-hill-auction-sale.html https://www.mpamag.com/us/specialty/commercial/jpmorgan-promotes-insider-to-lead-commercial-real-estate-business/511365 https://www.commercialcafe.com/blog/cim-forecloses-88-university/ Outline: (00:00:00) Introduction (00:00:43) Climate risk drives up property insurance prices, impacting commercial real estate: Report (00:03:52) JPMorgan promotes insider to lead commercial real estate business (00:06:41) CIM Group Forecloses on Manhattan Boutique Office Owned by Arch Companies
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    10 mins
  • ACRE Faces Analyst Downgrades Amid Market Turbulence

    ACRE Faces Analyst Downgrades Amid Market Turbulence
    Oct 27 2024
    Ares Commercial Real Estate Co. (NYSE: ACRE) receives a consensus rating of 'Reduce' from analysts, raising concerns for investors. Meanwhile, JPMorgan promotes Michelle Herrick to lead its commercial real estate division during a challenging time for the sector. In a historic sale, a Miami office tower changes hands for $443 million, reflecting the ongoing demand for premium properties. Lastly, the Q3 2024 Quarterly Data Review reveals persistent turbulence in the office sector, with over $20 billion in loans under special servicing. Join us for insights and analysis on these critical developments in the commercial real estate landscape. Sources: https://www.marketbeat.com/instant-alerts/nyse-acre-consensus-analyst-rating-2024-10-27/ https://www.mpamag.com/us/specialty/commercial/jpmorgan-promotes-insider-to-lead-commercial-real-estate-business/511365 https://www.commercialcafe.com/blog/701-brickell-ave-miami-office-tower-sale/ https://www.prweb.com/releases/trepp-and-commercial-real-estate-direct-release-the-q3-2024-quarterly-data-review-analyzing-data-that-shows-persistent-turbulence-in-the-office-sector-302287348.html Outline: (00:00:00) Introduction (00:00:47) Ares Commercial Real Estate Co. (NYSE:ACRE) Receives Consensus Rating of "Reduce" from Analysts (00:02:26) JPMorgan promotes insider to lead commercial real estate business (00:05:19) Miami Office Tower Changes Hands in Historic Sale (00:08:10) Trepp and Commercial Real Estate Direct Release the Q3 2024 Quarterly Data Review, Analyzing Data that Shows Persistent Turbulence in the Office Sector
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    11 mins
  • JPMorgan’s New CRE Leader and CBRE’s Strong Q3 Amid Market Challenges

    JPMorgan’s New CRE Leader and CBRE’s Strong Q3 Amid Market Challenges
    Oct 26 2024
    In this episode, we discuss JPMorgan Chase's appointment of Michelle Herrick as the new head of its commercial real estate division, a pivotal move as the sector faces rising interest rates and remote work challenges. We also analyze CBRE's impressive Q3 financial results, showcasing a resurgence in office leasing demand. Additionally, we delve into the Q3 2024 Quarterly Data Review by Trepp and Commercial Real Estate Direct, highlighting ongoing turbulence in the office sector, and explore the distressed debt situation of a downtown San Francisco tower now listed at half its previous value. Sources: https://www.mpamag.com/us/specialty/commercial/jpmorgan-promotes-insider-to-lead-commercial-real-estate-business/511365 https://www.bizjournals.com/dallas/news/2024/10/25/cbre-strong-q-3-second-highest.html https://www.prweb.com/releases/trepp-and-commercial-real-estate-direct-release-the-q3-2024-quarterly-data-review-analyzing-data-that-shows-persistent-turbulence-in-the-office-sector-302287348.html https://www.sfchronicle.com/realestate/article/sf-tower-discount-19863251.php Outline: (00:00:00) Introduction (00:00:45) JPMorgan promotes insider to lead commercial real estate business (00:03:50) CBRE reports strong Q3 financials as office leasing demand returns (00:07:06) Trepp and Commercial Real Estate Direct Release the Q3 2024 Quarterly Data Review, Analyzing Data that Shows Persistent Turbulence in the Office Sector (00:09:39) Downtown S.F. tower to be listed at 50% of previous value, latest distressed debt discount
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    13 mins
  • Commercial Real Estate Crisis: Foreclosures Surge and Prices Plummet

    Commercial Real Estate Crisis: Foreclosures Surge and Prices Plummet
    Oct 25 2024
    In this episode, we explore the alarming 48% increase in commercial real estate foreclosures, with California leading the way. We also discuss the historic sale of a Miami office tower for $443 million, the challenges and opportunities across different sectors, and the ongoing decline in commercial real estate prices for the third consecutive month. Join us as we analyze the current state of the market and what it means for investors and stakeholders. Sources: https://www.businessinsider.com/commercial-real-estate-foreclosures-office-debt-default-cre-outlook-2024-10 https://www.commercialcafe.com/blog/701-brickell-ave-miami-office-tower-sale/ https://nerej.com/each-sector-of-the-commercial-real-estate-market-holds-its-own-opportunities-and-challenges-by-christina-rouse-and-kevin-casey https://www.marketwatch.com/livecoverage/stock-markets-today-dow-futures-rise-as-tesla-results-boost-nasdaq/card/commercial-real-estate-prices-fall-for-third-straight-month-defying-hopes-of-a-bottom-qOviPkPZBo9tSt9Zah1Y Outline: (00:00:00) Introduction (00:00:41) Commercial real estate foreclosures jumped almost 50% in September, report says (00:03:55) Miami Office Tower Changes Hands in Historic Sale (00:06:25) Each sector of the commercial real estate market holds its own opportunities and challenges - by Christina Rouse and Kevin Casey (00:06:43) Commercial real estate prices fall for third straight month, defying hopes of a bottom
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    10 mins
  • Rising Delinquencies and Strategic Moves in Commercial Real Estate

    Rising Delinquencies and Strategic Moves in Commercial Real Estate
    Oct 24 2024
    In this episode, we explore the latest trends in commercial real estate, including rising multifamily mortgage delinquencies reported by the Mortgage Bankers Association. We discuss Mayor Michelle Wu's agreement on commercial property taxes in Boston and JPMorgan's appointment of Michelle Herrick as the new head of CRE lending. Additionally, we analyze a significant office complex sale in East Bay that defies market trends, providing insights into the evolving landscape of commercial real estate and what it means for investors and property owners. Sources: https://getfea.com/end-use/commercial-real-estate-and-multifamily-mortgage-delinquencies-trend-higher-in-q3 https://www.connectcre.com/stories/wu-business-groups-reach-agreement-on-commercial-property-taxes/ https://www.commercialsearch.com/news/jpmorgan-taps-new-leader-for-cre-lending/ https://www.mercurynews.com/2024/10/23/walnut-creek-east-bay-office-property-build-develop-real-estate-economy/ Outline: (00:00:00) Introduction (00:00:41) Commercial Real Estate and Multifamily Mortgage Delinquencies Trend Higher in Q3 - Forest Economic Advisors, LLC (00:03:43) Wu, Business Groups Reach Agreement on Commercial Property Taxes (00:06:18) JPMorgan Taps New Leader for CRE Lending (00:09:10) Big East Bay office hub is bought for top dollar, defying market woes
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    12 mins
  • San Francisco Protects Legacy Businesses Amid Redevelopment Threats

    San Francisco Protects Legacy Businesses Amid Redevelopment Threats
    Oct 23 2024
    In a decisive move, San Francisco's Board of Supervisors has approved interim controls to safeguard the city's legacy businesses from displacement due to aggressive redevelopment. This legislation responds to the growing concern over tech investors purchasing properties and displacing long-standing establishments. Additionally, a commercial property owner is suing the Planning & Zoning Commission over a controversial decision to convert office spaces into residential apartments, raising questions about zoning regulations and community safety. Meanwhile, CoStar Group's acquisition of Visual Lease signals a significant shift in real estate technology, promising enhanced lease management solutions. Lastly, NYC's iconic buildings are facing plummeting values, creating a unique opportunity for savvy investors. Join us as we explore these critical developments in urban real estate and their implications for local economies. Sources: https://www.sfchronicle.com/realestate/article/sf-legacy-business-evictions-19854935.php https://newcanaanite.com/commercial-property-owner-sues-pz-over-main-street-approval-11286184 https://finance.yahoo.com/news/costar-group-acquire-visual-lease-201000154.html/ https://nypost.com/2024/10/22/real-estate/why-the-value-of-nycs-best-buildings-is-plummeting/ Outline: (00:00:00) Introduction (00:00:43) S.F. supes agree to protect city’s legacy businesses from potential displacement (00:03:52) Commercial Property Owner Sues P&Z Over Main Street Approval (00:06:48) CoStar Group to Acquire Visual Lease, a Leading Lease Administration and Accounting Platform (00:09:53) NYC's most iconic buildings are plummeting in value and savvy...
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    14 mins
  • AI Transforms Real Estate Management Amid Market Shifts

    AI Transforms Real Estate Management Amid Market Shifts
    Oct 22 2024
    In this episode, we explore how artificial intelligence is revolutionizing the commercial real estate sector, optimizing building management and enhancing investment forecasting. We also discuss Crescent Communities' ambitious plans for a new mixed-use tower in South End, the rebound in commercial real estate sentiment according to the latest NAIOP index, and the surge in lease activity for smaller spaces in Boulder, signaling optimism in the market. Join us as we unpack these trends and their implications for the future of urban living and working. Sources: https://www.pymnts.com/news/artificial-intelligence/2024/ai-becomes-real-estate-new-landlord/ https://www.bizjournals.com/charlotte/news/2024/10/21/carson-tryon-permits-crescent-communities.html https://milehighcre.com/naiop-commercial-real-estate-sentiment-rebounds-2/ https://bizwest.com/2024/10/21/lease-activity-for-smaller-space-in-boulder-buoys-optimism/ Outline: (00:00:00) Introduction (00:00:40) AI Becomes Real Estate’s New Landlord (00:02:46) Crescent Communities files permits for long-awaited South End office development (00:03:55) NAIOP: Commercial Real Estate Sentiment Rebounds (00:07:54) Lease activity for smaller space in Boulder buoys optimism
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    10 mins
  • Navigating Boston’s Property Tax Debate and DFW’s $2B Development

    Navigating Boston’s Property Tax Debate and DFW’s $2B Development
    Oct 21 2024
    In this episode, we explore Boston Mayor Michelle Wu's contentious property tax proposal aimed at balancing the city's budget amidst declining office values. We also discuss the transformative $2 billion River Central development near DFW Airport, set to reshape the local landscape with a vibrant, transit-oriented community. Additionally, we delve into the recovery of the commercial real estate market, highlighted by Floyd Mayweather Jr.'s significant investment in affordable housing, and the challenges property owners face due to rising insurance costs linked to climate change. Sources: https://www.bostonglobe.com/2024/10/20/business/michelle-wu-tax-budget-business-boston/ https://www.bizjournals.com/dallas/news/2024/10/20/river-central-development-fort-worth-grand-prairie.html https://evrimagaci.org/tpg/commercial-real-estate-recovery-gains-momentum-47223 https://www.thecooldown.com/green-business/rising-insurance-costs-commercial-property-trends/ Outline: (00:00:00) Introduction (00:00:44) Wu, business leaders near a compromise on contentious property tax plan (00:03:27) $2B mixed-use 'destination' proposed near DFW Airport (00:04:16) Commercial Real Estate Recovery Gains Momentum (00:07:12) Owners of once-prized real estate assets are facing a major problem: 'This ... has exposed the people that know what they're doing and those that don't'
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    11 mins