The TreppWire Podcast: A Commercial Real Estate Show

• 313. Tariffs, Terminations, and...Trepidation? DOGE Plays Hide & Seek, Monthly Delinquency, & Anticipatory Value Deep Dive

  In this week's episode of The TreppWire Podcast, we discussthe recent economic headlines we’ve seen week after week – including inflation, tariffs and immigration – to continue to bring you fresh perspectives on why matter for the commercial real estate (CRE) markets. We discuss the GSA office property data behind the properties they want might want to sell, analyze the impact of the trade wars on the industrial market, and do a deep dive into the concept of anticipatory value. We share our latest CMBS Delinquency numbers before turning to notable credit stories from the week, including crabgrass and green shoot office stories, as well as retail and mixed-used property stories. Tune in now.This episode is sponsored by ⁠BetterPitch.⁠ Episode Notes- Economic Update: Inflation, Tariffs, ADP Job Report, Beige Book (0:27)- GSA Office Property Data (9:59)- Impact of Trade War on Industrial (15:34) - Anticipatory Value 101 Segment (18:55)- Trepp February Delinquency Report (23:33)- Office Stories: Crabgrass & Green shoots (29:08)- Retail Stories: Target, Staples, Natick Mall Loan (35:19)- Mixed-Use Property Loan Extension (40:35)- Programming Notes (41:58)- Shoutouts (45:00) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG  Questions or comments? Contact us at [email protected]. Follow Trepp: X: www.x.com/TreppWireLinkedIn: www.linkedin.com/company/trepp 

  --------  

  49:25
• 312. Behind the Acquisition: Trimont’s Big Move in Commercial Mortgage Servicing with Bill Sexton, CEO

  In a special guest episode of The TreppWire Podcast, we welcome Bill Sexton, CEO of Trimont, to discuss Trimont's landmark acquisition of Wells Fargo’s non-agency third-party commercial mortgage servicing business. This deal makes Trimont the largest loan servicer in the U.S., managing approximately 11% of all U.S. commercial real estate (CRE) debt. Bill provides insights into why this acquisition was a strategic move, how it reshapes the competitive landscape, and what it means for bondholders, investors, and the broader CRE market. He also shares perspectives on the evolving role of AI, data aggregation, and technology in loan servicing, as well as the challenges and opportunities in today’s CRE finance environment. Visit https://trimont.com/ today to learn more. Tune in now.Episode Notes:Bill Sexton Background (0:23)Trimont’s Acquisition of Wells Fargo’s Servicing Business (1:16)Impact of the Acquisition on CRE Market (4:27)Technology & AI in Loan Servicing (6:26)Future Strategy, Growth, & Organizational Changes (9:46)Careers in Loan Servicing & Global Opportunities (15:48)Lessons from the Acquisition (23:45)Market Outlook (27:56)Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHGQuestions or comments? Contact us at [email protected]. Follow Trepp:X: www.x.com/TreppWireLinkedIn: https://www.linkedin.com/company/trepp/

  --------  

  31:20
• 311. Mixed Signals & More Turbulence: Consumer Confidence Drops, Opportunistic CRE Deals, Data Center Signs, Valuation Trading Alerts

  In this week's episode of The TreppWire Podcast, we analyze recent economic indicators showing mixed signals, including declining consumer confidence at an 8-month low and the Fed's expected rate path through 2025. We examine the impact of new tariffs on market volatility and discuss recent high-profile CRE deals, including Apollo's acquisition of Bridge Investment Group. We break down notable appraisal value reductions across office, mixed-use, and retail sectors, the latest Mall of America appraisal showing a 14% reduction. We also review Microsoft's pullback from datacenter leasing amid their quantum computing breakthrough and analyze a flurry of industrial sector activity across the U.S. Tune in now. This episode is sponsored by ⁠BetterPitchEpisode Notes- Economic Update - Consumer Confidence & Market Uncertainty (0:29)- Mixed-Use Atlanta Value Reduction (23:41)- Retail Value Reductions in Denver and Bloomington, MN, and a $30M transaction in Braintree, MA (29:06) - Office: $49M financing for a midtown Manhattan office and a $38M transaction in Irvine, CA (35:06)- Industrial: acquisitions in Uxbridge, MA, Sumner, WA, Las Vegas, Nashua, NH, and Weston, FL (37:55) - Programming Notes (43:52)- Shoutouts (45:19)Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG  Questions or comments? Contact us at [email protected]. Follow Trepp: X: www.x.com/TreppWireLinkedIn: www.linkedin.com/company/trepp 

  --------  

  48:37
• 310. Bullish on CRE? "America's Commercial Real Estate Show" Host Michael Bull Tells All

  In this special guest episode of The TreppWire Podcast, we are joined by Michael Bull, founder and CEO of Bull Realty, and host of America’s Commercial Real Estate Show. With over 35 years in commercial real estate and more than $8 billion in transactions, Michael shares insights from his journey from leasing apartments while in college to running a successful brokerage licensed in 8 states. We discuss how integrity and quality service have been the cornerstones of his business through multiple market cycles, and how creative problem-solving helps close complex deals. Michael offers his perspective on the current office market, predicting it may be "the buy of the decade" despite current challenges. We also explore his experience hosting America's Commercial Real Estate Show for over 14 years, and how it has sharpened his industry expertise. Tune in now.Episode Notes:- Michael's Journey into Commercial Real Estate (01:24) - Building a Brokerage on Integrity (3:30) - Navigating Market Downturns (6:29)- The Future of the Office Market (13:35)- Hosting America's Commercial Real Estate Show (20:27) - Life Outside of Real Estate (24:47)Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG  Questions or comments? Contact us at [email protected]. Follow Trepp: X: www.x.com/TreppWireLinkedIn: www.linkedin.com/company/trepp 

  --------  

  28:13
• 309. The CRE Check-Up: Fed's Vital Signs, CMBS Issuance Pulse, Walmart's Flu Warning, & DOGE's Office Surgery

  In this week’s episode of The TreppWire Podcast, we examine the Fed's latest signals on interest rates, covering the evolving inflation landscape and newly proposed bank capital requirements that could reshape CRE lending. We review Walmart's lower-than-expected 2026 fiscal guidance and potential impacts of tariffs on retail spending. We explore DOGE's aggressive push on government lease terminations and analyze GSA data showing over 2.3 million square feet of terminated space. We dive into several notable special servicing transfers for office and lodging and an office value reduction. We also discuss CMBS maturities and issuance in 2025 and recent retail store closures. Tune in now. Episode Notes- Economic Update (1:25)- Walmart Earnings & Retail Outlook (3:59)- GSA Lease Developments & DOGE’s Aggressive Push (7:59)- Trepp Connect (in NYC) Conference (16:30)- CMBS Maturities & Issuance in 2025 Report (20:04)- Office Trading Alerts: Chicago & Philadelphia Loans Transferred to Special Servicing, & Another Chicago Loan Reappraisal (30:59)- Lodging Trading Alert: Midtown Manhattan Loan Transferred to Special Servicing (39:48)- Retail Updates & Forever 21 Store Closures (41:37)- Programming Notes (44:45) -Shoutouts (46:16)Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at [email protected]. Follow Trepp: X: www.x.com/TreppWireLinkedIn: www.linkedin.com/company/trepp 

  --------  

  51:26

More Business podcasts

Trending Business podcasts

About The TreppWire Podcast: A Commercial Real Estate Show