Podcasts about CRE

Cory Zelnik, Founder of Zelnik & Co., shares insights on retail leasing, relationship-building, and tech's role in navigating New York's evolving commercial real estate market.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with top CRE professionals. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, host Shanti Ryle, Director of Content Marketing at Crexi, sits down with Cory as he shares his journey into commercial real estate, highlighting the importance of relationships, the unique challenges of the New York retail market, and the evolution of tenant negotiations. He discusses the role of technology and social media in modern real estate practices and offers insights into building long-term client relationships. The conversation also touches on the future of data sharing in the industry and the significance of authenticity in social media engagement.Introduction to Commercial Real EstateCory Zelnick's Journey into Real EstateEarly Successes and Lessons LearnedNavigating Financial RealitiesBuilding Long-Term RelationshipsProspecting and Networking StrategiesReflections on Career GrowthThe Unique Retail Landscape of New YorkTenant Needs and Market DynamicsFast-Paced Deal ExecutionNegotiation Strategies for LandlordsMarket Shifts and Tenant ConcessionsSupporting Mom-and-Pop RetailersFacilitating Successful NegotiationsMaintaining Deal MomentumChallenges in Leasing DataThe Role of Relationships in Data GatheringThe Future of Information SharingLeveraging Social Media for BusinessBalancing Authenticity and Business Needs About Cory Zelnik:A veteran real estate broker and Founder/CEO of Zelnik & Company, Cory Zelnik has launched, crafted, and packaged some of the largest corporate real estate expansions on the east coast. From working with banking and investment staple JPMorgan Chase and food service giants Panda Express, Smashburger, Lenwich and Dunkin Donuts, Cory has presided over and specialized in the retail needs of prominent property owners and institutions along with some of the top national retailers for more than three decades. With his independent real estate firm and team, Cory continues to solidify his name as a brand with preparedness, discipline, and integrity.Cory prides himself on loyalty, respect, and trust, with a focus on retail space, and the value it adds to a property economically. Cory recognizes that the real estate market in the tri-state area is constantly evolving, thus so is he. His track record has mirrored the upward swing of the real estate business; growing, building, and maintaining its structure and polish since the late 1980's. In a quickly transforming world, Zelnik & Company happily pivots in the direction of change; social media. Cory (@coryzelnik) along with his company account @zelnikco, have made great strides in entering and engaging in the social media world. Zelnik & Company understands that properly utilizing social media platforms not only boosts one's own brand but also increases the opportunities for their clients as well.Cory is a Graduate of University of Maryland and a member of ICSC. Cory is also the host of The Zelnik Exchange, a NYC-based podcast with a pulse on the nation's top retail trends. He resides in Manhattan with his wife Jessica, daughter Bailey and stepson Maxx. When Cory is not running his business, his passions include running the streets of NYC and raising money for ALS, The University of Maryland and the New York Knicks. If you enjoyed this episode, please subscribe to our newsletter and enjoy the next podcast delivered straight to your inbox. For show notes, past guests, and more CRE content, please check out Crexi's blog. Ready to find your next CRE property? Visit Crexi and immediately browse 500,000+ available commercial properties for sale and lease. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi

A Mild Ending, A Fresh Start: Richard Barkham's Post-CBRE View of the CRE Market   The End of a Cycle - Without the Crash After 40 years in the field and a distinguished final act as Global Chief Economist at CBRE, Richard Barkham's take on the state of commercial real estate is disarmingly calm. “This has been the mildest end of cycle that we've seen in 40 years – in fact, in my whole career,” he says. Unlike previous downturns - 1989, 2000, 2008 - which were accompanied by macroeconomic crises, today's cycle-end feels strangely undramatic. Vacancy rates have risen, prices have declined 25-30%, and capital markets activity has bottomed out, but there's been no systemic financial collapse.   Why?   In Barkham's view, the macro cycle hasn't ended. “We've got the end of a real estate cycle, but no end of the macro cycle.” Yet.   This divergence - CRE in a correction, the economy still growing - frames his optimistic outlook for real estate.   Stimulus, Not Stability The recent U.S. tax bill has added short-term fuel to the macro picture. Barkham describes it as a “stimulatory” package: it injects fiscal stimulus into an already resilient economy, even if the longer-term consequences include rising national debt and pressure on Treasury yields. "There's a degree of stimulus in that bill… which will allow a certain amount of certainty, confidence and stimulus to boost growth.”   But not all stimulus is equal. Barkham worries that “the higher the debt-to-GDP ratio goes, the more upward pressure there is on the ten-year Treasury,” which forms the basis for CRE pricing. He sees an elevated 10-year yield, anchored in the 4–4.5% range, as a likely headwind for valuations, particularly for highly levered deals.   Still, he believes the U.S. economy can absorb this, at least for now. “The U.S. isn't going to fall over,” he says. “The tax bill will boost growth, but it will also keep the ten-year Treasury elevated.”   Banks Are Lending Cautiously Contrary to headlines about a $950 billion wall of maturities and doom-laden refinancing cliffs, Barkham is sanguine about debt markets. He credits both the structural health of CRE and the Fed's deft handling of last year's banking turbulence.   “Banks have been very, very unwilling to take loans back,” he explains. “Where assets can still service loans, banks have been willing to extend… There might have been some cash in refinancing, but the wall of debt is a non-issue, frankly.”   Even deregulation in the new tax bill could loosen credit conditions further. Barkham predicts larger banks will expand their share of real estate lending as capital requirements ease. “That just broadens the source of debt, which is good for market liquidity,” he says.   The Start of a New Real Estate Cycle While macro conditions may be mid-to-late cycle, CRE is in Barkham's view at the start of a new cycle. The real estate cycle that began in 2014 has ended, and signs of early recovery - vacancy stabilization, limited new construction, and a flight to quality - are evident.   “You've got all the inventory from the last cycle… people are moving into newer, better assets,” he says. “Eventually, when that runs out, new development resumes. But we're not there yet.” He sees real estate as “very investable right now,” particularly for those concerned about inflation. “If we are in a higher inflation environment - with the stimulus, with the pressure on the Fed politically to bring down interest rates - then I think it's a good time to invest in real estate.”   Inflation, Interest Rates, and the Fed's Delicate Dance Barkham's macroeconomic outlook is nuanced. While he acknowledges the Fed may eventually ease, trade tariffs and domestic manufacturing policies could delay rate cuts by adding inflationary pressure. “It'll take a while for the Fed to make sure tariffs don't feed into second and third round inflation,” he notes.   He pays special attention to real interest rates - the difference between nominal rates and inflation expectations - as a signal of latent financial stress. If inflation surprises to the downside, as it has recently, real rates rise and that can squeeze assets across the economy.   But he tempers this with perspective. “Real estate tends to do quite well over the long term. Not necessarily in the six- or 12-month period, but over time.”   Sectors to Watch: Healthcare, Digital, and Travel Demographics and technology shape Barkham's long-term sector views. He sees aging as a structural tailwind but cautions against oversimplifying it. The boomer generation, now in their 60s and early 70s, are not just healthcare consumers, they're also travelers.   “Those are prime-age travelers,” he notes. “If you're looking for sectors that are going to benefit from boomer retirement, look at travel… everything from Airbnb to different hotel types.”   Healthcare and digital economy trends also feature prominently. He encourages investors to monitor how people are working, living, and consuming services. Hybrid work and digital delivery models are reshaping occupier demand and investors must follow these patterns, not just macro charts.   Final Advice: Keep Leverage Low, Go Prime For those looking to deploy capital now, Barkham's advice is clear and grounded: “Keep your debt low. Focus on prime grade assets. Invest in the sectors that have the tailwinds of demographics and technology.”   The key is to remain alert to tenant exposure and the consumer's vulnerability in any upcoming recession. “Just watch the sensitivity of your real estate to a consumer downturn,” he warns. With policy uncertainty, an aging population, and structural change across industries, Barkham offers a final reminder: real estate is both cyclical and structural. The best strategies pay attention to both.   *** In this series, I cut through the noise to examine how shifting macroeconomic forces and rising geopolitical risk are reshaping real estate investing.   With insights from economists, academics, and seasoned professionals, this show helps investors respond to market uncertainty with clarity, discipline, and a focus on downside protection.    Subscribe to my free newsletter for timely updates, insights, and tools to help you navigate today's volatile real estate landscape. You'll get: Straight talk on what happens when confidence meets correction - no hype, no spin, no fluff. Real implications of macro trends for investors and sponsors with actionable guidance. Insights from real estate professionals who've been through it all before. Visit GowerCrowd.com/subscribe Email: adam@gowercrowd.com Call: 213-761-1000

100% bonus depreciation is back—and it's permanent.In this episode, CPA and fan-favorite Kevin Bassett returns to break down the tax bill shaking up the commercial real estate world.From massive tax write-offs for CRE pros and investors, to bonus depreciation on entire manufacturing buildings, to the new wave of opportunity zones—this is everything you need to know to protect your margins and maximize your returns.Plus:What brokers and syndicators should do immediatelyWhy the IRS owes cost segregation companies a bottle of champagneThe surprising end to electric vehicle creditsAnd yes, a plea to Barbara Corcoran to join usWhether you're a CRE broker, investor, or just someone who enjoys watching tax legislation get absolutely roasted, this episode is for you.

Keith highlights the decline in college town real estate due to demographic changes and reduced international student enrollment.  The national housing market is moving towards balance, with 4.6 months of resale supply and 9.8 months of new build supply.  Commercial real expert and fellow podcast host, Hannah Hammond, joins Keith to discuss how the state of the real estate market is facing a $1 trillion debt reset in 2025, potentially causing distress and foreclosures, particularly in the Sun Belt states.  Resources: Follow Hannah on Instagram  Show Notes: GetRichEducation.com/563 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation   Complete episode transcript:   Automatically Transcribed With Otter.ai    Keith Weinhold  0:01   Welcome to GRE. I'm your host. Keith Weinhold, are college towns doomed. There's a noticeably higher supply of real estate on the market. Today is get rich education. America's number one real estate investing show. Then how much worse will the Apartment Building Loan implosions get today? On get rich education.   Speaker 1  0:27   Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads in 188 world nations. He has a list show guests and key top selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast, or visit get rich education.com   Corey Coates  1:12   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:28   Welcome to GRE from Orchard Park, New York to port orchard, Washington and across 188 nations worldwide. I'm Keith Weinhold, and you're listening to get rich education. How most people set up their life is that they have a job or an income producing activity, and they put that first, then they try to build whatever life they have left around that job. Instead, you are in control of your life when you first ask yourself, what kind of lifestyle Am I trying to build? And then you determine your job based on that. That is lifestyle design, and that is financial freedom, most people, including me, at one time. And probably you get that wrong and put the job first. And then we need to reverse it once you realize that, you discover that you found yourself so far out of position that you try to find your way back by putting your own freedom, autonomy and free agency first. There you are lying on the ground, supine, feeling overwhelmed, asking yourself why you didn't put yourself first. Then what I'm helping you do here is get up and change that by moving your active income over to relatively passive income, and doing it through the most generationally proven vehicle of them all, real estate investing for income. We are not talking about a strategy that didn't exist three years ago and won't exist three years from now. It is proven over time, and there's nothing avant garde or esoteric here, and you can find yourself in a financially free position within five years of starting to gradually shift that active income over to passive income.    Keith Weinhold  3:29   Now, when it comes to today's era of long term real estate investing, we are in the midst of a real estate market that I would describe as slow and flat. Both home price appreciation and rent growth are slow. Overall real estate sales volume is still suppressed. It that sales volume had its recent peak of six and a half million homes moved in 2021 which was a wild market, it was too brisk and annual sales volume is down to just 4 million. Today, more inventory is accumulating, which is both a good news and a bad news story. I'm going to get to this state of the overall market shortly. First, let's discuss real estate market niches, a particular niche, because two weeks ago, I discussed the short term rental arms race. Last week, beach towns and this week, in the third of three installments of real estate market niches are college towns doomed? Does it still make sense to invest in college town real estate? Perhaps a year ago on the show, you'll remember that I informed you that a college closes every single week in the United States. Gosh, universities face an increasingly tough demographic backdrop ahead. We know more and more people get a free education. Education online. Up until now, universities have tapped a growing high school age population in this seemingly bottomless well of international students wanting to study in the US. But America's largest ever birth cohort, which was 4.3 million in 2007 is now waning. Yeah, that's how many Americans were born in 2007 and that was the all time record birth year. Well, all those people turn 18 years old this year. This, therefore, is an unavoidable decline in the pool of potential incoming college freshmen from the United States. And on top of that, the real potential of fewer international students coming to the US to study adds to the concern for colleges. This is due to the effects and the wishes of the Trump administration. It already feels like a depression in some college towns now among metro areas that are especially reliant on higher education, three quarters of them suffered weaker economic growth over the past 12 years than the US has as a whole. That's according to a study at Brookings Metro. They're a non profit think tank in DC, all right, and in the prior decade, all right, previous to that, most of those same metros grew faster than the nation did. If this was really interesting, a recent Wall Street Journal article focused on Western Illinois University in McComb Illinois as being symbolic of this trend, where an empty dorm that once held 800 students has now been converted to a police training ground, it's totally different, where there are active shooter drills and all this overturned furniture rubber tipped bullets and paintball casings, you've got to repurpose some of these old dorms. Nearby dorms have been flattened and they're now weedy fields. Two more dorms are set to close this summer. Frat houses and homes once filled with student renters are now empty lots city streets used to be so crowded during the semester that cars moved at a crawl. That's not happening anymore. It's almost like you're watching the town die, said a resident who was born in Macomb and worked 28 years for the Western Illinois Campus Police Department. Macomb, Illinois is at the heart of a new rust belt across the US colleges are faltering, and so are the once booming towns and economies around them. Enrollment is down at a lot of the nation's public colleges and universities starting next year due to demographics like I mentioned, there will be fewer high school graduates for the foreseeable future, and the fallout extends to downtown McComb. It's punishing local businesses. There's this multiplier effect that's diminishing. It's not multiplying for generations. Colleges around the US fueled local economies, created jobs and brought in students and their visiting families to shop and spend and growing student enrollment fattened school budgets, and that used to free universities from having to worry about inefficiencies or cutting costs. But the student boom has ended, and college towns are suffering. And what are some of the other reasons for these doomed college towns? Well, first, a lot of Americans stopped having babies after the global financial crisis, you've got a strong dollar and an anti foreigner administration that's likely to push international student numbers down on top of this, and then, thirdly, US students are more skeptical of incurring these large amounts of debt for college and then, universities have been increasing administrative costs and tuition above the rate of inflation, and they've been doing that for decades. Tuition and operating costs are detached from reality, and in some places, student housing is still being built like the gravy train is not going to end. I don't see how this ends well for many of these universities or for student housing, so you've really got to think deeply about investing in college town housing anymore. Where I went to college, in Pennsylvania, that university is still open, but their enrollment numbers are down, and they've already closed and consolidated a number of their outlying branch campuses. Now it's important notice that I'm focused on college towns, okay, I'm talking about generally, these small. Smaller, outlying places that are highly dependent on colleges for their vibrancy. By the way, Pennsylvania has a ton of them, all these little colleges, where it seems like every highway exit has the name of some university on it. That is starting to change now.    Keith Weinhold  10:21   Conversely, take a big city like Philadelphia that has a ton of colleges, Temple University, Penn, which is the Ivy League school, St Joseph's, Drexel LaSalle, Bryn Mawr, Thomas Jefferson, Villanova. All these colleges are in the Philly Metro, and some of them are pretty big. Well, you can be better off investing in a Philly because Philly is huge, 6 million people in the metro, and there's plenty of other activity there that can absorb any decline in college enrollment. So understand it's the smaller college town that's in big trouble. And I do like to answer the question directly, are college towns doomed? Yes, some are. And perhaps a better overall answer than saying that college towns are doomed, is college towns have peaked. They've hit their peak and are going down.    Keith Weinhold  11:23   Let's talk about the direction of the overall housing market now, including some lessons where, even if you're listening 10 years from now, you're going to gain some key learning. So we look at the national housing market. There is finally some buyer selection again, resale housing supply is growing. I'm talking overall now, not about the college towns. Back in 2022, nearly every major metro could be considered not just a seller's market, but a strong seller's market. And it was too much. It was wild. Three years ago, buyers had to, oftentimes offer more than the asking price, pay all cash. Buyers had to waive contingencies, forgo inspections, and they had to compete with dozens of bidders. I mean, even if you got a home inspection, you pray that the home inspector didn't find anything worse than like charming vintage wiring, because you might have been afraid to ask for some repairs of the seller, and that's because the market was so hot and competitive that you might lose the deal. Fast forward to today, and fewer markets Hold that strong seller's market status. More metros have adequate inventory. And if you're one of our newsletter subscribers, you saw that last week, I sent you a great set of maps that show this. As you probably know, six months of housing supply is deemed as the balance point between buyers and sellers over six months favors buyers under six favors sellers. All right, so let's see where we are now. And by the way, months of housing supply, that phrase is also known as the absorption rate nationally, 4.6 months of resale supply exists. That's the current level, 4.6 months per the NAR now it bottomed out at a frighteningly low one and a half months of supply back in 2022 and it peaked at 12 full months of supply during the global financial crisis, back in 2010 All right, so these are the amounts of resale housing supply available for sale, and we overbuilt homes back in the global financial crisis, everyday people owned multiple homes 15 years ago because virtually anyone could qualify for a loan with those irresponsible lending standards that existed back in that era. I mean, back then, buyers defaulted on payments and walked away from homes and because they had zero down payment in the home. Well, they had zero skin in the game to protect and again, that peaked at 12 months of supply. Now today, Texas and Florida have temporarily overbuilt pockets that are higher than this 4.6 month national number and of course, we have a lot of markets in the Northeast and Midwest that have less than this supply. But note that 4.6 months is still under six months of supply, still favoring sellers just a little, but today's 4.6 months. I mean, that's getting pretty close to historic norms, close to balance. All right, so where is the best buyer opportunity today? Well, understand that. So far, have you picked up on. This we've looked at existing housing supply levels here, also known as resale homes. The opportunity is in new build homes. What's the supply of new construction homes in the US? And understand for perspective that right now, new build homes comprise about 1/3 of the available housing supply. And this might surprise you, we are now up to 9.8 months of new build housing supply, and that's a number that's risen for two years. That's per the Census Bureau and HUD. A lot of builders, therefore, are getting desperate right now, builders have got to sell. The reason that they're willing to cut you a deal is that, see, builders are paying interest costs and maintenance costs every single day on these nice, brand new homes that are just languishing, just sitting there. Understand something builders don't get the benefit of using a home. Unlike the seller family of a resale or existing home, see that family that has a resale home on the market, they get the benefit of living in it while it's on the market. This 9.8 months of new build supply is why buyers are willing to cut you a deal right now, including builders that we work with here at GRE marketplace.    Keith Weinhold  16:30   And we're going to talk to a builder on the show next week and get them to tell us how desperate they are. In fact, it's a Florida builder, and we'll learn about the incentives that they're willing to cut you they're building in one of these oversupplied pockets. So bottom line is that overall, an increasing US housing supply should keep home prices moderating. They're currently up just one to 2% nationally, and more supply means better options for you. Hey, let's talk about this very show that you're listening to, the get rich education podcast. What do you like to do while you're listening to the show? In fact, what are you doing right now while you're listening to the show? Well, in a recent Instagram poll, we asked our audience that very question you told us while listening to the show, 50% of you are commuting, 20% are exercising, 20% are at work, and 10% are doing home chores like cleaning or dishes. Now is this show the number one real estate investing podcast in the United States, we asked chatgpt that very question, and here's how they answered. They said, Excellent question. Real estate investing podcasts have exploded over the past 10 to 12 years, but only a handful have true long term staying power. Here's a list of some of the longest running, consistently active real estate investing podcasts that have built serious legacies. And you know something, we are not number one based on those criteria. This show is ranked number two in the nation. Number one are our friends at the real estate guys radio show hosted by Robert Helms. How many times have I recommended that you go ahead and give them a listen? Of course, I'm just freshly coming off spending nine days with them as one of the faculty members on their summit at sea. Their show started in 1997Yes, on actual radio, before podcasts even existed, and chat GPT goes on to say that they're one of the OGS in the space. It focuses on market cycles, investing strategies and wealth building principles known for its international investor perspective and high profile guests like Robert Kiyosaki. All right, that's what it says about that show. And then rank number two is get rich. Education with me started in 2014 and it goes on to say that this is what the show's about. It says it's real estate centric with a macroeconomic and financial freedom philosophy. It focuses on buy and hold investing, inflation, debt strategy and wealth building. Yeah, that's what it says. And I'd say that's about right? And this next thing is interesting. It describes the host of the show, me as communicating with you in a way that's clear, calm and slightly academic. That's what it says. And yeah, you've got to be clear. Today. There's so much competing for your attention that if I'm not clear with you, then I'm not able to help you calm. Okay? I guess I remain calm. And then finally, slightly academic. I. Hadn't thought about that before. Do you think that I'm slightly academic in my delivery? I guess that's possible. It's appropriate for a show with the word education in our name. I guess it makes sense that I'd be slightly academic. So that fits. I wouldn't want to be heavily academic or just academic, because that could get unrelatable. So there's your answer. The number two show in the nation for real estate investing.    Keith Weinhold  20:29   How are things going with your rental properties? Anyway, I had something interesting happen to me here these past few months. Now I have a property manager in one market that manages quite a few of my properties, all these single family homes and I had five perfect months consecutively as a real estate investor. A perfect month means when you have 100% occupancy, 100% rent collection, and zero maintenance or repair costs. Well, this condition went on for five months with every property that they managed. For me, which is great, profitable news, but that's so unusual to have a streak like that, it kind of makes you wonder if something's going wrong. But the streak just ended. Finally, there was a $400 expense on one of these single family homes. Well, this morning, the manager emailed me about something else. One of my tenants leases expires at the end of next month. I mean, that's typical. This is happening all the time with some property, but they suggested raising the rent from $1,700 up to 1725, and I rarely object to what the property manager suggests. I mean, after all, they are the expert in that local market. That's only about a one and a half percent rent increase, kind of slow there. But again, we're in this era where neither home price growth nor rent growth have been exceptional.    Keith Weinhold  22:02   I am in upstate Pennsylvania today. This is where I'm from. I'm here for my high school class reunion. And, you know, it's funny, the most interesting people to talk to are usually the people that have moved away from this tiny town in Appalachia, counter sport, Pennsylvania, it's not the classmates that stayed and stuck around there in general are less interesting. And yes, this means I am sleeping in my parents home all week. I know I've shared with you before that Curt and Penny Weinhold have lived in the same home and have had the same phone number since 1974 and I sleep in the same bedroom that I've slept in since I was an infant every time that I visit them. Kind of heartwarming. In a few days, I'm going to do a tour of America's first and oldest pretzel bakery in Lititz, Pennsylvania with my aunts and uncles to review what you've learned so far today, put your life first and then build your income producing activity around that. Many college towns are demographically doomed, and even more, have peaked and are on their way down. Overall American residential real estate supply is up. We're now closer to a balanced market than a seller's market. We've discussed the distress in the five plus unit apartment building space owners and syndicators started having their deals blow up, beginning in 2022 when interest rates spiked on those short term and balloon loans that are synonymous with apartment buildings. When we talked to Ken McElroy about it a few weeks ago on the show, he said that the pain still is not over for apartment building owners.   Keith Weinhold  23:51   coming up next, we'll talk about it from a different side, as I'll interview a commercial real estate lender and get her insights. I'll ask her just how bad it will get. And this guest is rather interesting. She's just 29 years old, really bright and articulate, and she founded her own commercial real estate lending firm. She and I recorded this on a cruise ship while we're on the real estate guys Investor Summit at sea a few weeks ago. So you will hear some background noise, you'll get to meet her next I'm Keith Weinhold. There will only ever be one. Get rich education podcast episode 563 and you're listening to it.    Keith Weinhold  24:31   The same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS 42056, they provided our listeners with more loans than anyone because they specialize in income properties, they help you build a long term plan for growing your real estate empire with leverage. Start your prequel and even chat with President Caeli Ridge personally, while it's on your mind, start at Ridge lendinggroup.com that. Ridge lendinggroup.com, you know what's crazy?    Keith Weinhold  25:03   Your bank is getting rich off of you. The average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back. No weird lockups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing, check it out. Text family to 66 866, to learn about freedom family investments, liquidity fund, again, text family to 66866   Caeli Ridge  26:13   this is Ridge lending group's president, Caeli Ridge. Listen to get rich education with key blind holes. And remember, don't quit your Daydream.   Keith Weinhold  26:31   Hey, Governor, education nation, Keith Weinhold, here we're on a summit for real estate on a cruise ship, and I'm with Hannah Hammond. She's the founder of HB capital, a commercial real estate lending firm, and the effervescent host of the Hannah Hammond show. Hey, it's great to chat   Hannah Hammond  26:48   you too. It's been so great to get to know you on this ship, and it's been a lot of fun,    Keith Weinhold  26:51   and we just met at this conference for the first time. Hannah just gave a great, well received presentation on the state of the commercial real estate market. And the most interesting thing, and the thing everyone really wants to know since she lends for five plus unit apartment buildings as well, is about the commercial real estate interest rate resets. Apartment Building values have fallen about 30% nationwide, and that is due to these resetting loans. So tell us about that.   Hannah Hammond  27:19   Yeah, so there is a tidal wave of commercial real estate debt coming due in 2025 some of that has already come due, and we've been seeing a lot of the distressed assets start to hit the market in various asset classes, from multifamily, industrial, retail and beyond. And then, as we continue through 2025 more of that title, weight of debt is going to continue to come due, which is estimated to be around $1 trillion of debt.    Keith Weinhold  27:44   That's huge. I mean, that is a true tidal wave. So just to pull back really simply, we're talking about maybe an apartment building owner that almost five years ago might have gotten an interest rate at, say, 4% and in today's higher interest rate environment that's due to reset to a higher rate and kill their cash flow and take them out of business. Tell us about that.   Hannah Hammond  28:03   Yeah. So a lot of investors got caught up a few years ago when rates were really low, and they bought these assets at very low cap rates, which means very high prices, and they projected, maybe over projected, continuous rent growth, like double digit rent growth, which many markets were seeing a few years back, and that rent growth has actually slowed down tremendously. And so much supply hit the market at the same time, because so much construction was developed a few years back. And so now there's a challenge, because rents have actually dropped. There's an overage of supply. Rates have doubled. You know, people were getting apartment complexes and other assets in the two or 3% interest rate range. Now it's closer to the six to 7% interest rate range, which we all know it just doesn't really make numbers work. Every 1% increase in interest you'd have to have about a 10% drop in value for that monthly payment to be the same. So that's why we're seeing a lot of distress in this market right now, which is bad for the people that are caught up on it, but it's good for those who can have the capital to re enter the market at a lower basis and be able to weather this storm and ride the wave back up   Keith Weinhold  29:08   income down, expenses up. Not a very profitable formula. Let's talk more about from this point. How bad can it get? We talked about 1 trillion in loans coming due this calendar year tell us about how bad it might be.    Hannah Hammond  29:23   So it's estimated that potentially 25% of that $1 trillion could be in potential distress. And of course, if two $50 billion of commercial real estate hit foreclosure all at the same time, that would be pretty catastrophic, and there would be a massive supply hitting the market, and therefore a massive reduction in property values and prices. And so a lot of lenders have been trying to mitigate the risk of this happening, and all of this distress debt hit the market at one time. And so lenders have been doing loan modifications and loan extensions and the extend and pretend, quote. Has been in play since back in 2025 but a lot of those extensions are coming due. That's why we're feeling a little bit more of a slower bleed in the commercial market. But you know, in the residential market, we're not seeing as much distress, because so many people have those fixed 30 year rates. But in commercial real estate, rates are generally not fixed for that long. They're more they could be floating get or they might only be fixed for five years, and then they've reset. And that's what we're seeing now, is a lot of those assets that were bought within the last five years have those rate caps expiring, and then the rates are jacking it up to six to 7% and the numbers just don't make sense anymore.   Keith Weinhold  30:36   That one to four unit space single family homes up fourplexes has stayed relatively stable. We're talking about that distress and the five plus unit multi family apartment space. So Hannah, when we pull back and we look at the lender risk appetite and the propensity to lend and to want to make loans, of course, that environment changes over time. I know that all of us here at the summit, we learn from you in your presentation that that can vary by region in the loan to value ratio and the other terms that they're talking about giving. So tell us about some of the regional variation. Where do people want to lend and where do people want to avoid making loans   Hannah Hammond  31:11   Exactly? And we were talking about this is every single region is so different, and there's even micro markets within certain cities and metropolitan areas, and the growth corridors could have a very different outlook and performance than even in the overexposed metro areas. So lenders really pay attention to where the capital is flowing to. And right now, if you look at u haul reports and cell phone data, capital is flowing mostly to the Sun Belt states, and it's leaving the Rust Belt states. So this is your southeast states, your Texas, Florida, Arizona, and these types of regions where a lot of people are leaving some of the Rust Belt states like San Francisco, Chicago, New York, where those markets are being really dragged down by all this office drag from all the default rates in these office buildings that have continued to accumulate post COVID. So the lender appetite is going to shift Market to Market, and they really pay attention to the asset class and also the region in which that asset class is located. And this can affect the LTV, the amount of money that they're going to lend based on the value of the property, also the interest rate and the DSCR ratios, which is how much above the debt coverage the income has to be for the lender to lend on that asset.    Keith Weinhold  32:26   So we're talking about lenders more willing to make loans in places where the population is moving to Florida, other markets in the Southeast Texas, Arizona. Is that what we're talking about here.   Hannah Hammond  32:37   exactly, and even on the equity side, because we help with equity, like JV equity or CO GP equity, on these development projects or value add projects. And a lot of my equity investors, they're like, Nah, not interested in that state. But if it's in a really good Sunbelt type market, then they have a better appetite to lend in those markets.   Keith Weinhold  32:56   Was there any last thing that we should know about the lending environment? Something that impacts the viewers here, maybe something I didn't think about asking you?   Hannah Hammond  33:04   I mean, credit is tight, but there's tons of opportunity. Deals are still happening. Cre originations are actually up in 2025 and projected to land quite a bit higher in 2025 at about 660, 5 billion in originations, versus 539 billion in 2024 so the good news is, deals are happening, movements are happening, purchases and sales are happening. And we need movement to have this market continue to be strong and take place, even though, unfortunately, some investors are going to be stuck in that default debt and they might lose on these properties, it's going to give an opportunity for a lot of other investors who have been kind of sitting on the sidelines, saving up capital and aligning their capital to be able to take advantage of these great deals. Because honestly, we all know it's been really hard to make deals pencil over the past few years, and now with some of this reset, it's going to be a little bit easier to make them pencil.    Keith Weinhold  33:04   This is great. Loans are leverage, compound leverage, trunks, compound interest, leverage and loans are really key to you making more of yourself. Anna, if someone wants to learn more about following you and what you do, what's the best way for them to do that?    Hannah Hammond  33:42   At Hannah B Hammond on Instagram, my show, the Hannah Hammond show, is also on all platforms, YouTube, Instagram, Spotify, Apple, and if you shoot me a follow and a message on Instagram, I will personally respond to and would love to stay connected and help with any questions you have in the commercial real estate market.    Keith Weinhold  34:27   Hannah's got a great presence, and she's great in person too. Go ahead and be sure to give her a follow. We'll see you next time. Thank you.   Keith Weinhold  34:40   Yeah. Sharp insight from Hannah Hammond, there $1 trillion in commercial real estate debt comes due this year. A quarter of that amount, $250 billion is estimated to be in distress or default. This could keep the values of larger apartment buildings suppressed. Even longer, as far as where today's opportunity is, next week on the show, we'll talk to a home builder in Florida, ground zero for an overbuilt market, and we'll see if we can sense the palpable desperation that they have to move their properties and what kind of deals they're giving buyers. Now until next week, I'm your host, Keith Weinhold, do the right thing before you do things right out there, and don't quit your Daydream.   Speaker 3  35:33   Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC exclusively.   Keith Weinhold  35:56   You know, whenever you want the best written real estate and finance info. Oh, geez, today's experience limits your free articles access and it's got pay walls and pop ups and push notifications and cookies disclaimers. It's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters. And I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long, my letter usually takes less than three minutes to read, and when you start the letter, you'll also get my one hour fast real estate video. Course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text gre 266, 866, while it's on your mind, take a moment to do it right now. Text, gre 266, 866,   Keith Weinhold  37:12   The preceding program was brought to you by your home for wealth, building, getricheducation.com.  

In this episode of the InsuranceAUM.com Podcast, Stewart Foley sits down with Charlie Rose, Managing Director and Global Head of Debt at Invesco Real Estate, for a comprehensive conversation on the state of real estate credit markets and what insurers need to know right now. With nearly $10 billion in CRE debt AUM and a global mandate, Charlie shares insights on how Invesco is navigating a market still recovering from a historic value correction.   He explains the fundamentals of bridge lending, the firm's “credit over yield” approach, and how they integrate equity and credit insights to drive disciplined underwriting. Charlie also compares market dynamics in the U.S. and Europe, highlights where he sees relative value opportunities, and outlines what may lie ahead over the next 12–18 months. The episode closes with a thoughtful take on hiring, diversity, and the traits Invesco values in its team. It's a high-level, yet grounded discussion for institutional investors exploring real estate credit today.

VISITÁ NUESTRA WEB: https://www.historiaenpodcast.com.ar/ No inventó el auto. Tampoco la fábrica. Pero unió ambos mundos… y cambió para siempre la historia. Henry Ford no fue solo un empresario: fue un revolucionario del tiempo, el hombre que convirtió la producción en serie en una filosofía de vida. Creó la cadena de montaje moderna. Estableció la jornada laboral de 8 horas. Duplicó salarios.Y convirtió al obrero en consumidor. Pero también fue un personaje complejo, contradictorio y polémico: Innovador… y autoritario. Visionario… y antisemita. Ídolo industrial… y espejo de las tensiones del siglo XX. En este episodio, te cuento la historia del hombre que soñó con poner a América —y al mundo— sobre ruedas. Learn more about your ad choices. Visit megaphone.fm/adchoices

Matty A. retells the ancient Sword of Damocles parable—a cautionary tale about the hidden risks, pressures, and responsibilities that come with power. He draws parallels between this story and today's world of investing and entrepreneurship, where success can feel glamorous but often carries unseen danger over your head.Ancient Story RecapDamocles, a courtier, envies the life of King Dionysius and is offered to switch roles for a day.While enjoying his new status, Damocles discovers a sword hanging by a single hair above his throne—illustrating that prestige often conceals constant peril.He quickly steps down, realizing that what appeared desirable from afar held immense hidden burden.Core LessonsPrestige comes with peril: The more power and success you pursue, the greater the hidden risks you inherit.Appreciation vs. reality: Outsiders see only the shine; insiders bear unrelenting stress and threat.Balanced ambition: True elite success demands awareness and acceptance of continuous pressure, not blind pursuit.Relevance to Investors & EntrepreneursReal estate risks: Each opportunity—whether CRE, syndication deals, or entrepreneurial ventures—hides potential "swords" like financing pitfalls, market shifts, and regulatory hurdles.Leadership burden: Scaling a business or leading teams brings responsibility, scrutiny, and complex decision-making that can feel like a sword hanging overhead.Strategic resilience: Success requires building both mental and financial safeguards—reserve funds, legal structures, and support systems—to withstand those pressures.Tools & Next StepsRisk Audit: Identify your personal and investment-related “swords”—the threats only you can see.Protective Measures: Build buffer systems—insurance, contingencies, advisors—to neutralize risk.Sustainable Success Planning: Create a roadmap that aligns your ambition with your capacity, ensuring growth without collapse.Key TakeawayElite success isn't just about climbing higher—it's about maintaining balance while a metaphorical sword lies overhead. Let the parable of Damocles remind you: True leadership and wealth come not from avoiding pressure, but from preparing to hold your ground under it.Episode Sponsored By:Discover Financial Millionaire Mindcast Shop: Buy the Rich Life Planner and Get the Wealth-Building Bundle for FREE! Visit: https://shop.millionairemindcast.com/CRE MASTERMIND: Visit myfirst50k.com and submit your application to join!FREE CRE Crash Course: Text “FREE” to 844-447-1555FREE Financial X-Ray: Text "XRAY" to 844-447-1555

Though a few brave (or crazy) pioneers have dabbled with using crypto in commercial real estate, the industry has mostly sat on the sidelines for years.The reason: not enough regulation, no stability or guardrails.This week, that started to change. The passage of the GENIUS Act to create a framework for stablecoins, plus two other bills making their way through Congress, could lead to a rapid rise of building tokenization, digital transactions and rents paid by bitcoin.On this week's episode, Savills Vice Chairman Gabe Marans said the federal framework will kick off a new era for real estate in which deals are done faster and cheaper. And he doesn't think CRE is ready for it.Register on Bisnow.com to join next Friday's conversation live, or check back here for the conversation after it airs. 

In this forward-looking episode of Leaning In, Terry Montesi is joined by Bart Higgins and Katie Hillier of Future Perfect X, to explore how artificial intelligence is transforming the future of human behavior, retail, and placemaking. Drawing on their deep backgrounds in design, anthropology, and innovation, Bart and Katie unpack how AI will shift the foundational drivers of consumer experience and commercial real estate. From programmable biology and co-intelligent AI agents to personalized retail journeys and ambient environments, they illustrate what it means to future-proof a business in the age of the "limitless self." This conversation challenges leaders to rethink how places are designed and how brands will maintain emotional relevance in an AI-mediated world.They discuss:Why understanding the future human is more important than understanding the technology itselfHow AI will alter core human traits like identity, emotion, and decision-makingWhy the commercial construct of retail must evolve beyond the needs-based and self-growth economiesWhat the rise of avatars and AI companions means for brand loyalty and physical retailHow retail developers can position themselves as tastemakers in a world of infinite contentThis episode is a must-listen for anyone shaping the future of consumer spaces, brands, or experiences.Topics:(00:00:00) - Intro(00:00:42) - Introducing Bart and Katie(00:04:00) - How does one go about being an innovation consultant?(00:12:34) - How brands and businesses in CRE can future-proof themselves(00:16:19) - How will AI disrupt retail as a business model?(00:23:05) - How is the retail experience going to change as we move forward?(00:27:59) - What are some of the needs consumers are expecting retailers to fill?(00:42:05) - How do you see AI impacting how retail places need to evolve?(00:48:03) - What does the future of retail look like outside of AI?(00:50:36) - Who's doing a great job of future-proofing themselves?(00:53:53) - Closing questions

Welcome to the CRE podcast. 100% Canadian, 100% commercial real estate. In this episode of the Commercial Real Estate Podcast, recorded live at the Land and Development Conference in Toronto, hosts Aaron Cameron and Adam Powadiuk sit down with Brian Salpeter, Executive Vice President of Development at Cadillac Fairview. Brian shares his unique journey from... The post Retail Evolution, Office Markets, and Development Timing with Brian Salpeter, Vice President of Development at Cadillac Fairview appeared first on Commercial Real Estate Podcast.

Ryan Severino, Chief Economist and Head of Research at BGO, discusses how data science is transforming commercial real estate investing. From outperforming rent growth projections in Las Vegas to forecasting macroeconomic shifts with machine learning, Severino takes us through the power and challenges of blending traditional insights with modern analytics. This is a must-listen for CRE professionals navigating today's increasingly data-driven landscape. Key Moments:01:17 Ryan Severino's team and economic modeling02:08 Data science in real estate forecasting03:12 Impact of research on investment decisions06:55 Challenges in aligning research with investments08:55 Ryan's curiosity and approach to research12:36 Current macroeconomic environment17:08 CRE market predictions for 202520:52 Augmented base case model for US Economy26:25 State of CRE markets36:00 Teaching and mentoring the next generation Resources Mentioned:Ryan Severino: https://www.linkedin.com/in/ryan-severino-cfa-4409022/The Chief Economist newsletter: https://www.linkedin.com/newsletters/the-chief-economist-7100087057724702720/Email us: altusresearch@altusgroup.com Thanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#CRE #CommercialRealEstate #Property

In a world that feels like it's spinning sideways - global tension, tech meltdowns, and financial curveballs - it's natural to wonder, ‘Is now really the time to invest?' In this episode, Mish Daniel breaks down exactly why commercial property is still standing strong (and might even be the smartest move right now). From the kinds of deals that thrive during instability to the common traps investors fall into when panic takes over, this conversation will help you tune out the noise, spot opportunities others are missing, and stay cash-flow ready no matter what's going on globally.We also get into why "cheap" properties can become expensive mistakes, how lenders are shifting behind the scenes, and the #1 factor that separates growing portfolios from stalled ones. This one's for you if you're serious about replacing your income with commercial property without falling for the hype or the fear.The episode is tailored for you if:You're feeling unsure about investing in commercial property right now and want clarity.You've got capital to invest but refuse to waste it on the wrong deal or bad timing.You want to know where the smart money's moving, and how to spot solid opportunities.You're done sitting on the fence and want to make confident, cash-flow-positive moves.You need real talk from a seasoned expert, not recycled fluff or guessworkWHAT YOU'LL DISCOVER IN THIS EPISODE:Why commercial property stays strong when everything else wobbles (02:58)What smart investors do instead of freezing in uncertain markets (09:18)How commercial property outperforms during economic chaos (12:32)The asset types holding firm in today's volatile market (16:07)Key moves to protect your portfolio and create certainty now (22:52)Why finance is tightening and how to avoid costly last-minute traps (24:48)How to spot undervalued deals while others wait and miss out (30:15)The due diligence strategies that protect your future wealth (33:24)The mindset shift that separates action-takers from opportunity-missers (42:22)#CommercialPropertyInvesting #CashFlowAssets #SmartInvesting2025 #ReplaceYourIncome #WealthThroughProperty #CommercialRealEstateStrategy #RecessionProofInvesting #BuyersAgentAustralia #PropertyDueDiligence #BuildYourPortfolio #RetailAndMedicalProperty #DiversifyWithPurpose #InvestingInUncertainty #FinancialFreedomAustralia #BricksAndMortarWealth #CommercialPropertyTips #GrowWithCommercial #AustralianPropertyInvestor #StrategicPropertyInvestment #PropertyInvestorMindsetSHOW CREATED BY REVOLVE COMMERCIAL PROPERTY PODCASTHOSTED BY: Mish DanielPh: +61 401 313 573Website: ⁠www.revolvecommercial.com.au  ⁠Email: ⁠sales@revolvecommercial.com.au  ⁠YouTube: ⁠@mishdaniel-revolvecommercial⁠LinkedIn: ⁠www.linkedin.com/in/michelline-daniel-commercial⁠Facebook: ⁠www.facebook.com/revolvecommercial⁠Facebook Group: Revolve Commercial Group - ⁠www.facebook.com/groups/revolvecommercial⁠Instagram: ⁠@revolve.commercial⁠TikTok: ⁠@revolvecommercial⁠★ Free Tools & Resources for Commercial Property InvestorsGot questions about commercial real estate? Mish has answers.★ #Ask Mish Anything about CRE. Send your questions to: https://revolvecommercia.kartra.com/page/ama★ Unlock the Secrets of Commercial Property Due Diligence with our Exclusive Book!Check out the book here: https://revolvecommercia.kartra.com/page/ddbookUse Code: DD100 to get the book for free★ Book a call with Revolve Commercial: www.revolvecommercial.com.au/chat

This podcast explores Heather Ewing, Founder of ABSTRACT CRE, and dives into her experience in retail leasing brokerage and building deals, relationships, and establishing community in downtown Madison.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with top CRE professionals. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, host Shanti Ryle, Director of Content Marketing at Crexi, sits down with Heather, known as the Queen of Downtown Madison, as she shares her journey from operations management to becoming a nationally recognized commercial real estate expert specializing in retail, restaurant brokerage, and mixed-use developments. They discuss Heather's strategies for building a successful CRE career, the importance of understanding market nuances, and the impact of relationships and detailed market knowledge in closing deals. Additionally, they delve into Madison's thriving market and touch on the unique dynamics of retail and restaurant leasing. Heather also highlights the importance of continuous learning, mentorship, and giving back to the next generation of CRE professionals. The conversation wraps up with rapid-fire questions on investing, client acquisition, and common misconceptions about being a broker.Introduction to The Crexi PodcastMeet Heather Ewing: The Queen of Downtown MadisonHeather's Journey into Commercial Real EstateBuilding a Successful Career in CREThe Importance of Relationships in CREChallenges and Strategies in Retail and Restaurant LeasingNational Tenants and Market Trends in MadisonMatching Clients to NeighborhoodsGathering and Utilizing Market DataSuccess Stories and Unique ConceptsExciting Neighborhood ProjectsAdvice for New Brokers and InvestorsRapid Fire Questions and Closing Remarks About Heather Ewing:Heather Ewing is a nationally recognized commercial real estate expert and the Founder of ABSTRACT Commercial Real Estate, specializing in Retail and Restaurant Brokerage and Mixed-Use developments in Madison, Wisconsin. Known as the “Queen of downtown Madison,” Heather blends over 40 years of local insight with a bold national perspective to serve landlords, developers, tenants, and investors with precision.Heather proactively secures off-market pocket listings for developers and investors, pairing strategic deal making with an art-forward marketing approach to maximize visibility and close complex transactions.Heather has served as:2025 1st RVP for Region 7, CCIM2024 President, CCIM Wisconsin Chapter receiving the 2024 President's Cup Tier 3 First Place2024 President, Commercial Brokers Group2018-Present, Member, City of Madison BID BoardHeather is the Founder | Host of Heather Ewing: The CRE RUNdown podcast and Founder of the annual Bright Lights Run-Walk to benefit Girls on The Run. She's been featured by iHeart Radio, CARW, DMI, NAIOP, Channel3000, Midwest Real Estate Journals, and others as a sought-after national speaker on CRE and Mindset.An international marathoner, Heather has raced in Berlin, London, Paris, Milan, New York, Boston, and more—bringing the same discipline, endurance, and drive to every deal and audience. If you enjoyed this episode, please subscribe to our newsletter and enjoy the next podcast delivered straight to your inbox. For show notes, past guests, and more CRE content, please check out Crexi's blog. Ready to find your next CRE property? Visit Crexi and immediately browse 500,000+ available commercial properties for sale and lease. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi

¿Creías haberlo escuchado todo? Prepárate para sumergirte en el episodio más delirante y fascinante de la temporada. De la leche de cucaracha (sí, has leído bien) a los bautizos civiles, pasando por una profesora británica que perdió los papeles —y la paciencia— en clase. Humor, asombro y ese toque ácido que solo Perra de Satán sabe darle a la actualidad más insólita. Este episodio no solo entretiene: activa tu curiosidad, desafía tus prejuicios y te regala historias que, literalmente, no podrás dejar de contar. Dale al play y únete a la conversación más extraña (y divertida) de la semana. Escucha el episodio completo en la app de iVoox, o descubre todo el catálogo de iVoox Originals

Agențiile de rating sunt în continuare „cu ochii” pe România. Este normal, pentru că vor să vadă efectele programelor de reducere a deficitului bugetar. Rezultatele ar trebui să fie cele așteptate. Ieri a fost ziua agențiilor de rating. Pe de o parte, a fost publicat un raport al Fitch, care dorește să îi aducă la zi pe investitori cu situația din economia și politică românească. Pe de altă parte, premierul și ministrul finanțelor s-au întâlnit cu reprezentanții agenției Standard and Poor's. Dialogul guvernului cu agențiile de rating este important, pentru că în continuare sunt așteptate calificativele pentru România, în următoarele luni. De aceea, întâlnirile cu experții agențiilor de rating sunt esențiale, pentru că în felul acesta reprezentanții companiilor pot afla direct de la sursă ce își propune guvernul pentru a reduce deficitul bugetar și ambele părți pot câștiga încredere. De altfel, nota de ieri a Fitch pleacă exact de la adoptarea primului pachet de ajustare bugetară. Agenția de rating reamintește că în data de 15 august va fi publicat calificativul de țară, un termen pe care îl știam, dar prin care se reconfirmă că pericolul unei retrogradări a ratingului nu a fost complet depășit. O citire atentă a analizei Fitch ne oferă câteva chei de înțelegere a modului în care agenția vede evoluția societății românești (economică, dar și politică, pe alocuri). Așadar, ce spune nota redactată de Fitch? Analiza arată că primul pachet va avea impact asupra bugetului, în sensul că anul acesta efectul va fi de 1,1% din PIB, iar anul viitor se va ajunge la 3,5% din PIB. Sunt cifre încurajatoare, mai ales dacă se are în vedere că măsurile de reducere a deficitului bugetar se aplică anul acesta doar pe parcursul a cinci luni în loc de 12. Analiza Fitch trebuie citită nu doar cuvânt cu cuvânt, ci și printre rânduri. Raportul constată că riscurile politice s-au diminuat o dată cu rezultatele alegerilor de anul acesta, iar președintele țării, Nicușor Dan și premierul, Ilie Bolojan, subliniază, împreună, necesitatea reducerii deficitului bugetar. Acordul politic încheiat între partidele care formează coaliția guvernamentală își propune o consolidare fiscală ambițioasă. Dar, agenția de rating atrage atenția și asupra efectelor posibil negative pe care măsurile de reducere a deficitului bugetar le pot induce în economie. Le știe toată lumea, și sindicatele, și patronatele, și politicienii. Numai că atenționarea agenției poate avea altă miză. Raportul Fitch scrie despre riscul de creștere a inflației, pentru că mai mult de jumătate din veniturile suplimentare preconizate că vor fi încasate anul acesta la buget vin din creșterea TVA. Ori, se știe că o creștere de TVA, dincolo de partea pozitivă (că aduce mai mulți bani la buget), are și un efect negativ (și anume creșterea prețurilor). „Creșterea TVA va genera o inflație mai mare, care va eroda veniturile reale”, scrie în raportul Fitch. Fără îndoială, într-o analiză adresată investitorilor nu poți trece peste riscurile induse de măsurile de consolidare fiscală. Dar, la un moment dat te poți întreba: ce vor de fapt, agențiile de rating de la România? Ar vrea și o reducere a deficitului și creștere economică. Ar vrea și venituri bugetare mai mari și evitarea creșterii inflației. Dintre cele bune și cele rele, coaliția guvernamentală a ales să scadă deficitul, o măsură absolut necesară. De aceea, ne-am fi așteptat, dacă nu la câteva fraze de încurajare în acțiunile guvernului de a reduce deficitul, măcar la un mesaj subliminal care să arate că pe 15 august a.c. ratingul va rămâne neatins. În schimb, printre rânduri putem citi o oarecare îngrijorare legată de schimbarea premierului din anul 2027, atunci când PSD ar putea să „o lase mai moale” cu reducerea deficitului bugetar. În concluzie, tonul analizei Fitch este la fel cu cel al experților din țară: așteaptă rezultatele pentru a avea confirmarea că eforturile făcute nu sunt degeaba.

Jeff DeBoer is the founding President and CEO of The Real Estate Roundtable. He has been at the forefront of national policy affecting the real estate industry for the past 40 years. The Real Estate Roundtable represents the leadership of the nation's top 150 privately owned and publicly-held real estate ownership, development, lending and management firms, as well as the elected leaders of the 18 major national real estate industry trade associations. Roundtable member portfolios contain over 12 billion square feet of office, retail and industrial properties valued at nearly $4 trillion; over 5 million apartment units; and in excess of 6 million hotel rooms. The 18 national trade associations participating with the Roundtable represent more than 3 million people directly employed in the real estate industry. Mr. DeBoer also chairs the National Real Estate Organizations, a 17 member real estate trade association coalition focused on industry communication, advocacy and diversity efforts as well as the Real Estate Industry Information Sharing and Analysis Center (RE-ISAC), an organization dedicated to enhancing communication between the industry and federal policymakers on terrorism threats, building security, and major incident reporting. He is a founding member of the steering committee of the Coalition to Insure Against Terrorism (CIAT) and for several years he co-chaired the Advisory Board of the RAND Corporation's Center for Terrorism Risk Management Policy. Mr. DeBoer previously served on the Advisory Board of Washington DC's Smithsonian National Zoological Park and Conservation Biology Institute. Mr. DeBoer has discussed real estate and economic policy issues numerous times in Congressional testimony as well as on FOX News, Bloomberg Television, MSNBC and CNBC; and his editorials have been published in the Wall Street Journal and USA Today. In 2010, Globest.com named Mr. DeBoer a “top 10 Industry Newsmaker of the Decade”; in 2013 Commercial Property Executive named him one of the “30 most influential people in real estate”; in 2016 Real Estate Forum honored him as the “Voice of the Industry” and one of the nation's top CRE bosses; in 2017 Washington Life Magazine included Mr. DeBoer in its “Power 100” list of Washington DC's most influential unelected, non-governmental people; and since 2017, The Hill has placed Mr. DeBoer on its annual list of the top lobbyists in Washington DC, a list it called: “the players at the top of their game, known for their ability to successfully navigate the byzantine and competitive world of federal policymaking.” In 2024, in recognition of his positive influence on national public policy, Commercial Property Executive presented Mr. DeBoer with its Lifetime Achievement award. Mr. DeBoer earned degrees from Washington and Lee University School of Law (JD) and Yankton College (BA).

The Uninsurable Future: How Climate-Driven Insurance Risk is Reshaping Real Estate   The Canary in the CRE Coal Mine If insurance is the canary in the coal mine for climate risk, then the bird has stopped singing. That's the warning from Dave Jones, former California Insurance Commissioner and current Director of the Climate Risk Initiative at UC Berkeley. In a conversation that touches on reinsurance markets, mortgage delinquencies, lender behavior, and regulatory dysfunction, Jones laid out the most sobering climate-related CRE risk analysis to date: we are already living through a systemic insurance crisis—and commercial real estate is not exempt.   “We are marching steadily towards an uninsurable areas in this country,” Jones warns.   From Homeowners to High-Rises: What the Data Shows Much of the early distress has been observed in the residential and small business markets, where data is more publicly available. A study by the Dallas Fed, cited by Jones, found a direct correlation between areas hardest hit by climate events and surging insurance premiums, non-renewals, and mortgage delinquencies.   But commercial real estate isn't insulated. While pricing data is less transparent due to looser filing requirements, Jones states, “everything that I've seen indicates that those [commercial] rates are going up too,” particularly in regions where catastrophic climate events are becoming more frequent and severe.   Take Florida. One of our clients' office tower's premiums jumped from $300,000 to $1.2 million in a single renewal cycle. That's straight off the bottom line. The hit is entirely non-accretive; it's pure cost.   The Feedback Loop: Insurance, Lending, and Liquidity As insurance availability shrinks and prices soar, lending dries up. Lenders want to see that there is property and casualty insurance yet, as it becomes harder to get, that has implications in credit markets… and flow-through implications to the real economy.   It's not just anecdotal. Jones references studies showing that banks are offloading loans insured by lower-rated, higher-risk insurers to Fannie Mae and Freddie Mac, effectively shifting the risk onto taxpayers. That means if a hurricane hits and the house is knocked down, there isn't insurance available, potentially because the insurance company went insolvent.   The trend is clear: insurance stress is bleeding into credit markets and weakening the foundations of the entire real estate financing stack.   The “Deregulation” Illusion Some states, like Florida, are trying to respond by loosening regulatory constraints to attract insurers. Jones is skeptical. “Florida rates are four times the national average,” he says. The state has adopted taxpayer-funded reinsurance schemes, weakened litigation protections, and allowed less-robust rating agencies to operate.   Still, “the national branded home insurers are not writing in Florida… they can't make a profit,” says Jones. “So even with all these changes, the background risk is too great.”   In short: deregulation cannot solve a fundamentally unprofitable underwriting environment driven by climate volatility.   Adaptation Isn't Being Priced In - Yet Jones is more optimistic about resilience measures. Home hardening, defensible space, and forest management, especially in wildfire-prone states like California, can materially reduce losses. Commercial insurers often have engineering staff to assess and recommend these strategies.   But the industry hasn't kept pace. “Insurers, by and large, are not accounting for property, community, and landscape-scale adaptation and resilience in their models,” Jones says. One exception is Colorado, which passed a law requiring insurers to factor in proven risk mitigation. This could prove to be a model for commercial markets, but it's early and insurers remain price takers in the face of mounting losses.   From Reinsurance to Municipal Bonds: Signals to Watch What market signals should CRE investors monitor? Jones suggests: Insurance pricing and non-renewals: leading indicators of distress. Reinsurance costs: though recently softening, they've trended upward for years. Lender behavior: especially offloading risky loans to agencies. Rating agency downgrades: particularly for municipalities facing severe climate risk. Housing market mispricing: First Street Foundation estimates as much as $1 trillion in residential overvaluation due to underpriced climate risk. Any of these could tip the balance in specific markets or signal a broader inflection point.   A Slow Collapse or a Sudden Shock? Is this a long-term crisis or a fast-moving one? “It's happening in real time now,” says Jones. “It's more likely that this will be a steady glide into uninsurability… as opposed to one catastrophic event that brings the whole house of cards down.”   Still, the metaphor is chilling. The systemic risks posed by climate-driven insurance failure are already manifesting across sectors. Whether the collapse is gradual or sudden, the endpoint is clear.   “There is no place in the United States where you have a ‘get out of climate change free' card,” Jones warns.   For CRE professionals, that means a hard reckoning is ahead – not just with climate, but with underwriting, capital access, and portfolio risk in a fundamentally altered landscape.   *** In this series, I cut through the noise to examine how shifting macroeconomic forces and rising geopolitical risk are reshaping real estate investing.   With insights from economists, academics, and seasoned professionals, this show helps investors respond to market uncertainty with clarity, discipline, and a focus on downside protection.    Subscribe to my free newsletter for timely updates, insights, and tools to help you navigate today's volatile real estate landscape. You'll get: Straight talk on what happens when confidence meets correction - no hype, no spin, no fluff. Real implications of macro trends for investors and sponsors with actionable guidance. Insights from real estate professionals who've been through it all before. Visit GowerCrowd.com/subscribe Email: adam@gowercrowd.com Call: 213-761-1000

This might be the most practical AI episode we've done yet.Bo shows Timmy (and you) how he's using Gamma—an AI-powered presentation tool—to build stunning commercial real estate pitch decks in minutes. No more slogging through PowerPoint. No more ugly slides. No more wasted weekends.

Welcome to the CRE podcast. 100% Canadian, 100% commercial real estate. Recorded live at the Toronto Land Development Forum, in this episode of the  Commercial Real Estate Podcast, hosts Aaron Cameron and Adam Powadiuk sit down with Ryan Zizzo, Founder and CEO of Mantle Developments, to explore actionable strategies for sustainable construction in Canada. From... The post Modular, Mass Timber and the Low-Carbon Future of Construction, with Ryan Zizzo, Founder and CEO of Mantle Developments appeared first on Commercial Real Estate Podcast.

www.marktreichel.comhttps://www.linkedin.com/in/mark-treichel/Credit Union Roundtable: Mid-Year Risk Reports - Our Take on What it Means for CUsEpisode DescriptionIn this inaugural Credit Union Roundtable episode, host Mark Treichel is joined by three industry veterans to break down the OCC's Spring 2025 risk report and what it means for credit unions. Steve Farrar, Todd Miller, and Dennis Bauer bring decades of combined NCUA and credit union experience to analyze the top risk concerns facing the industry.Featured GuestsSteve Farrar - Former NCUA examiner and problem case officer with 30+ years of regulatory experience, including work on the risk-based capital rule and Central Liquidity FacilityTodd Miller - 34-year NCUA veteran, former Director of Special Actions in the Western Region, capital markets specialistDennis Bauer - Recently retired CFO of Ideal Credit Union (grew from $100M to $1B+ during his tenure), former NCUA examinerKey Topics CoveredCommercial Credit Risk (9:00)Rising delinquencies in commercial real estateImpact of interest rate resets on variable rate loansOffice building vacancy concerns post-COVIDNCUA's increased focus on annual review processesNew concentration limit requirements by property typeRetail Credit Performance (18:00)Student loan payment resumption impactsGenerational differences in borrowing behaviorAuto loan portfolio shrinkage trendsRegional economic performance variationsInterest Rate Environment (24:00)Yield curve normalization effectsCD composition changes (13% to 28% of deposits)Underwater investment portfoliosEnhanced stress testing requirements from examinersOperational Risk Challenges (33:00)Cybersecurity incident response planningLegacy system conversion risksCommunication strategies during cyber incidentsCost vs. benefit analysis for security upgradesFraud & Payment Systems (39:00)Elder fraud targeting (timeshare scams example)ATM jackpotting and skimming schemesVenmo usage statistics (85% under 40, $342B in Q1 transfers)Third-party payment system competitionBSA/AML Compliance Burden (45:00)Staffing challenges for smaller credit unionsCreating collaborative BSA officesCommittee-based approach to complianceGrowth & Competition (46:00)Slow loan growth trendsCredit unions gaining deposit market share vs. banksMoney supply impacts on deposit availabilityPricing strategy considerationsAI & Technology Adoption (50:00)Model validation requirementsThird-party vendor risk managementNCUA's AI policy challengesCompetitive advantages vs. compliance risksKey TakeawaysCommercial Real Estate Monitoring: Credit unions should closely watch their CRE portfolios, especially office properties and loans approaching rate resetsStress Testing Expansion: Expect more detailed scenario analysis requests from NCUA examiners across interest rate and liquidity risksOperational Risk Investment: Cybersecurity and system conversion planning require significant ongoing investment and expertiseGenerational Shifts: Adapting to younger members' payment preferences and borrowing behaviors is critical for long-term growthAI Adoption Strategy: Credit unions need to embrace AI while implementing proper model validation and risk management frameworksResources MentionedOCC Spring 2025 Risk Report (link in show notes)Credit Union Regulatory Guidance podcast (AI-powered audio summaries)Attorney General scam awareness resourcesNotable Quotes"A rolling loan gathers no loss" - Professor Willie Stotts reference on commercial loan repricing challenges"We took the approach that we're gonna have a cyber incident... so we took that approach in developing our incident response plan" - Dennis Bauer on cybersecurity preparation"If you don't have time to do it right, you don't have time to do it over" - On system conversion planningContact InformationMark Treichel - Host, With Flying Colors Podcast Consulting Services: Available for credit union risk management and regulatory guidanceNext Episode PreviewStay tuned for more Credit Union Roundtable discussions featuring industry veterans sharing practical insights on regulatory trends and risk management strategies.This episode provides general information and should not be considered specific regulatory or legal advice. Credit unions should consult with their own advisors and regulatory contacts for guidance on specific situations.

T'expliquem de viva veu els 27 Premis Roc Boronat de literatura en català. La cerimònia d’entrega del Premi Literari Roc Boronat va tenir lloc dimecres 9 d’abril a l’Auditori de l’ONCE a Barcelona, en memòria d’aquest escriptor i polític republicà, promotor del Sindicat de Cecs de Catalunya. L’acte va estar presidit per Francesc Xavier Vila, conseller de Política Lingüística de la Generalitat de Catalunya. El jurat va escollir l’autor Toni Rodríguez Piris com a guanyador per l’obra presentada amb el títol Aproximadament dos quilos i mig, una novel·la que reflexiona sobre la necessitat d’aprofitar el temps. El premi està dotat amb 6.000 €. L’obra de Toni Rodríguez Piris arribarà a les llibreries a la tardor publicada per Univers. A la categoria exclusiva per a escriptors cecs o amb discapacitat visual greu, Antonio Lozano i Rabaneda va guanyar en l’apartat de prosa amb l’obra Soc a casa, amb un premi de 900 €. Narra, amb molta ironia i com si fos una carrera d’obstacles, les dificultats per viatjar sent cec de Ripollet a Barcelona. El delegat de l’ONCE a Catalunya Enric Botí destacà el compromís de la institució amb la llengua catalana i la producció literària. Durant la vetllada, es va retre homenatge a l’escriptor Xavier Bosch. La Gran Setmana de l’ONCE a Catalunya. La Setmana del Grup Social ONCE a Catalunya, sota el lema ‘Braille, 200 anys obrint portes’, va tenir lloc del 21 al 31 de maig i es van realitzar activitats a 17 centres i agències que l'ONCE té a Catalunya. Culminà amb la celebració del Diada de la Gran Família del Grup Social ONCE a Catalunya, dissabte 31 de maig, a PortAventura. Jugadors del Terrassa FC, el tenista Tommy Robredo, els escriptors Rafel Nadal, Martí Gironell, Tània Juste, Coia Valls, el Màgic Andreu, el Conseller d’Esports,... es van posar en la pell d’una persona cega per un dia. Les activitats de la Setmana del Grup Social ONCE a Catalunya van tenir una finalitat múltiple: compartir les capacitats i habilitats de les persones amb discapacitat visual; amplificar la necessitat de disposar d'entorns, béns i productes accessibles i inclusius; visibilitzar la importància de la igualtat d'oportunitats de totes les persones, i potenciar els valors de la il·lusió, la solidaritat i sensibilitzar la ciutadania donant-li l’opció de posar-se en la pell d’una persona cega. Aquest any la gran setmana va ser també un homenatge al braille, el sistema de lectoescriptura més important per a milions de persones cegues a tot el món i que enguany celebra el seu bicentenari. Dia Internacional de Persones amb sordceguesa. El passat 27 de juny es va celebrar el Dia Internacional de les persones amb sordceguesa. Per tal de donar-li visibilitat i amb l’objectiu d’oferir una experiència sensorial única al col·lectiu, l’ONCE Catalunya organitzà, com cada any, una sortida inclusiva i accessible. Aquest any, més de 60 persones amb sordceguesa, juntament amb els seus mediadors, han realitzat una visita guiada al Park Güell. Gràcies a aquesta iniciativa, els participants es van submergir, mitjançant el tacte, en aquesta joia del Modernisme. En el cas de les persones amb sordceguesa, a Catalunya n’hi ha més de 500 afiliats a l’ONCE, el tacte és la seva manera de comunicar-se i entendre el món que els envolta. Carlos Martínez va ser un dels assistents a la visita al Park Güell i, a través de la seva mediadora Eva Maria García, ens explica l’emoció que va sentir durant la visita i la importància de comptar amb entorns adaptats, per tal que les persones amb discapacitat puguin gaudir i descobrir llocs nous en igualtat de condicions. Actes de celebració 40 aniversari CRE ONCE Barcelona: la importància de la música i les famílies. El passat dissabte 24 de maig, en el marc de la celebració dels 40 anys de la signatura del conveni entre el Departament d’Educació i l’ONCE i la inauguració del Centre de Recursos Educatius (CRE) ONCE Barcelona, va tenir lloc, a la seu de l’Escola Superior de Música de Catalunya (ESMUC), la XIX Trobada ‘Música a les Mans’, una jornada on van participar estudiants cecs o amb discapacitat visual greu d’escoles de música i conservatoris de Catalunya, Aragó i Navarra. També amb motiu del 40 aniversari del CRE, el dissabte 26 d’abril va tenir lloc la IV Jornada amb Famílies, un dia ple de sorpreses i activitats lúdiques per compartir entre alumnes, famílies i professionals. Els assistents van poder conèixer alguns dels personatges de Star Wars, ballar zumba, fer batucada, realitzar dibuixos amb textures, escriure en braille, participar en el concurs de mecanografia... https://boletinnoticiascatalunya.once.es

Este podcast tiene algunas preguntas de ustedes que fueron llegando y que siempre me gusta responder desde mi experiencia, sin nada resuelto, pero compartiendo lo que me funcionó como emprendedor. Estas fueron las que elegimos: 00:55- ¿Cómo establecer objetivos soñadores, pero alcanzables?03:15- ¿Cómo hacés para estar tan motivado y para ser generoso con otros?05:17- ¿Creés que hay un vínculo entre el entrenamiento y el emprendedurismo?Abrazá un propósito. ¡Desafía al mundo e inspirá a otros!Recordá que si querés enviarnos tus preguntas, consultas o sugerencias podés hacerlo a podcast@emprendeconproposito.com.arTambién podés seguirnos en las otras redes:Web: emprendeconproposito.com.ar IG: @sebasosaemprende @somosecp YT: Emprende con propósito TikTok: @somosecp Te dejo algunas frases por si querés guardarte un resumen del podcast: ¿Cómo establecer objetivos soñadores, pero alcanzables?Los sueños son subjetivos y cada uno tiene los suyos, dependiendo de su propia vida, posibilidades y experiencias. Creo que dentro de tu espectro para soñar, empezar de a poco. Recomiendo mucho anotar los sueños porque ayudan a darse cuenta de la magnitud muchas veces o de cómo van cambiando. Otro tema a tener en cuenta es la rutina y la diaria y cómo eso acompaña los sueños que tenés, recomiendo chequear constantemente que esas dos cosas estén alineadas. Nadie puede juzgar tus sueños si son grandes o pequeños, solo vos sabés.¿Cómo hacés para estar tan motivado y para ser generoso con otros?Cuando te gusta mucho lo que hacés, tanto que lo harías gratis, es más facil estar motivado. Pero cuando uno tiene que hacer algo que no lo entusiasma tanto (todos tenemos ese tipo de tareas en nuestras rutinas diarias) me apoyo mucho en quienes me rodean, en el equipo, ellos son los que al final del día te mantienen motivado. ¿Creés que hay un vínculo entre el entrenamiento y el emprendedurismo?Creo que sí, y lo practico hace ya un tiempo. Uno es en el deporte lo mismo que en la vida, y por lo tanto como emprendedor. Creo que el deporte te ordena, te permite poder tener ese espacio de recreación para vos mismo, volvés más fresco y con nueva ideas cuando te desconectás. Y por último, el deporte te permite relacionarte y tener conversaciones con las personas desde otro lugar y pueden surgir cosas interesantes. #liderazgo #equipo #vulnerabilidad #lideresemprendedores #emprendedoresargentinos #resiliencia #disciplina #esfuerzo #entrenamiento #exito #trabajoduro #caminorecorrido #amigosytrabajo #familiaytrabajo #deporteynegocios

Is tokenizing your commercial real estate deal the future, or just a flashy gimmick? In this episode, Matty A. demystifies real estate tokenization, breaking down how digital tokens can transform ownership, liquidity, and investor access. Learn:What it is: Turning property shares into tradable digital tokens on a blockchain.Why it matters: Enables fractional ownership and secondary market trading unlike traditional, illiquid CREWho should consider it: From niche assets to institutional-scale projects—get insight into when tokenization adds real valuePotential pitfalls: Understand the emerging regulatory landscape, platform risks, and liquidity constraints.Matty also highlights cutting-edge examples, like Dubai's $1 billion tokenized assets initiative, and offers practical guidance for CRE investors considering the leap into blockchain.Who It's ForCRE owners exploring new capital-raising methodsInvestors seeking diversified, liquid, fractional real estate exposureAnyone interested in the intersection of real estate and blockchain innovationKey TakeawaysTokenization makes CRE tradable—property can now be bought and sold in small chunks through on-chain exchanges.It opens access to more investors, including global participants with lower minimum capital.But the market is still evolving—regulations, platform maturity, and asset liquidity remain uncertain.Episode Sponsored By:Discover Financial Millionaire Mindcast Shop: Buy the Rich Life Planner and Get the Wealth-Building Bundle for FREE! Visit: https://shop.millionairemindcast.com/CRE MASTERMIND: Visit myfirst50k.com and submit your application to join!FREE CRE Crash Course: Text “FREE” to 844-447-1555

The One Big Beautiful Bill is now law, and its impact on housing could be massive.The Low-Income Housing Tax Credit received its biggest reform in 25 years, including halving the requirements of how much of its funding must come from municipal bonds.LIHTC and the Opportunity Zones program were both made permanent, and major adjustments to OZs — including a wave of new zones to come and a new focus on rural areas — could supercharge housing development.It's not just a welcome step from the U.S. government, Camden President and Chief Financial Officer Alex Jessett said on this week's episode — new tax treatment and a deregulation push are absolutely critical to get housing supply up and start to chip away at the nation's affordable housing crisis.Register on Bisnow.com to join next Friday's conversation live, or check back here for the conversation after it airs. 

====================================================SUSCRIBETEhttps://www.youtube.com/channel/UCNpffyr-7_zP1x1lS89ByaQ?sub_confirmation=1====================================================DEVOCIÓN MATUTINA PARA ADULTOS 2025“CON JESÚS HOY”Narrado por: Exyomara AvilaDesde: Bogotá, ColombiaUna cortesía de DR'Ministries y Canaan Seventh-Day Adventist Church ===================|| www.drministries.org ||===================12 de JulioFe sanadora«Al llegar a la casa, se le acercaron los ciegos y Jesús les preguntó: "¿Creéis que puedo hacer esto?". Ellos dijeron: "Sí, Señor". Entonces les tocó los ojos, diciendo: "Conforme a vuestra fe os sea hecho". Y los ojos de ellos fueron abiertos» (Mat. 9: 28-30).Los ciegos piden a Jesús que se compadezca de ellos. Leyendo los Evangelios constatamos que si hay una actitud que caracteriza al Maestro en sus relaciones con los dolientes es precisamente la compasión. Pero no hay que confundir la compasión por el enfermo con la lástima, es decir, con esa condescendencia del sano que aborda al que sufre desde la altura inaccesible de su ventaja, y que es poco más que un mecanismo de defensa disfrazado de piedad, a menudo cobarde o humillante. La compasión de Jesús es la actitud de quien deja que resuene en su corazón el sufrimiento ajeno, dispuesto a vibrar en armonía con él y a pasar de la empatía a la acción.Observemos que antes de ejercer su poder sanador sobre estos ciegos, Jesús les pregunta si creen que él puede hacerlo. Para llevar a cabo una terapia eficaz, necesita la plena confianza de sus pacientes. Su compasión aparece aquí como una «resonancia» que requiere ser transformada en «consonancia» por el consentimiento de los implicados. Los profesionales de la salud saben bien que suscitar la confianza del paciente no consiste en apropiarse de su sufrimiento sino en ayudarle a superarlo. Porque ese sufrimiento que nos apena en el otro, por mucho que empaticemos con él, siempre seguirá siendo suyo, no nuestro.Jesús se compadece de los ciegos, pero sin limitarse a tratar el aspecto físico de su ceguera, sino invitándolos a una terapia integral que incluye también su espíritu: «¿Creéis que puedo hacer esto?». En decir, «¿Creéis que Dios os ama hasta el punto de actuar en vuestro favor, devolviéndoos la salud, si es lo que más os conviene?». Cuando los ciegos han manifestado ya su plena confianza en el poder divino (en eso consiste la fe), se atreve a decirles: «Conforme a vuestra fe sea hecho».Compadecernos del sufrimiento ajeno es dejar resonar en nosotros, como Jesús, el dolor del otro. Pero sin invadir su voluntad ni dejarnos invadir por ella. Acercándonos a su corazón, pero respetando siempre sus decisiones. Procurando ganarnos su confianza, y si es posible, intentando suscitar su fe.Señor, aumenta hoy mi fe de manera que esta pueda contribuir a reforzar la fe de otros. 

Guest: Sammy Greenwall, Founder of Henry.aiWhat if your go-to-market motion could skip past theory and build from real-world pain?That's exactly how Sammy Greenwall, founder of Henry.ai, approaches commercial real estate—and why his vertical AI startup is scaling without traditional sales or marketing. Sammy's background as a CRE professional-turned-founder gave him not only insight, but language, trust, and distribution advantages. In this episode, he shares how founder-market fit drives everything from product strategy to GTM efficiency—and how it's paying off in a space historically allergic to software.Sammy also pulls back the curtain on:How PLG became a byproduct of customer obsession—not the planBuilding a waitlist-worthy brand (with no ad budget)Creating real enterprise value in a low-trust, high-volume industryThree Key Takeaways for B2B GTM Leaders:1. Founder-Market Fit > Generic Product-Market FitSammy's deep domain experience gave him a faster path to traction: he didn't just “identify” pain—he lived it. That meant smarter onboarding flows, tighter feature prioritization, and messaging that clicked with buyers the first time. CEOs and founders with industry-specific experience should lean hard into that unfair advantage.2. PLG Isn't a Tactic—It's the Outcome of Product ObsessionHenry.ai didn't set out to be a PLG company. Instead, they tracked usage down to individual clicks, met with every early user, and iterated daily. That intensity created a product people wanted to talk about, which fueled organic adoption, referrals, and even early enterprise wins.3. AI Doesn't Just Accelerate Work—It Replaces ItIn CRE, Sammy's platform cut multi-week deal deck creation down to hours. That kind of workflow disruption isn't about “boosting productivity”—it's about letting revenue-generating staff focus on high-value activities like deals and relationships. This shift reframes AI adoption for skeptical buyers and opens the door to premium pricing.---Not Getting Enough Demos? Your messaging could be turning buyers away before you even get a chance to pitch.

Deficitul bugetar este mare, deficitul comercial este tot mai mare. Dar, banii din deficite nu contribuie la creșterea economică. Evoluția PIB este în continuare modestă. Uneori, ai senzația că societatea românească este un fel de „gaură neagră”. Te întrebi unde intră atât de mulți bani în economie fără ca rezultatele să fie vizibile. De exemplu, ieri, Institutul de Statistică a publicat datele privind comerțul internațional. În primele cinci luni ale acestui an, importurile au totalizat 53,7 miliarde de euro, au crescut cu aproximativ 6%, iar deficitul comercial a ajuns la 14,3 miliarde de euro, cu 16% mai mult decât în anul precedent. Desigur, o parte din importuri sunt folosite pentru a fi prelucrate sau înglobate în produse care merg apoi la export. O altă cotă importantă din produsele importate sunt consumate în țară. Creșterea deficitului comercial este galopantă și desigur te poți întreba: până unde va ajunge? S-a încetățenit expresia deficite gemene care se referă la statele care au în același timp deficit bugetar și deficit al balanței comerciale. România este în această situație și după primele cinci luni ale acestui an avem și o coincidență. Adică, deficitul bugetar a ajuns la 64,2 miliarde lei, iar deficitul comercial a fost de 14 miliarde de euro, adică aproximativ 70 miliarde de lei. Ceea ce înseamnă că deficitele au ajuns să fie cu adevărat gemene, adică apropiate ca valoare. Desigur, economic vorbind între cele două deficite este o legătură, care nu presupune neapărat că trebuie să fie valori aproape egale. Iată că anul acesta s-a întâmplat iar acest lucru întărește ideea că banii din deficitul bugetar alimentează deficitul comercial. Ceea ce este corect, dar nu strict legat de cifre. Mai complicat este că deficitele gemene nu ajută cu nimic la creșterea economiei. Cel mai bine este demonstrat de creșterea redusă pe care a înregistrat-o economia românească în primul trimestru al acestui an. Datele statistice demonstrează acest lucru. Să ai un deficit bugetar de 3,39% din PIB, adică 64 miliarde de lei, să ai un deficit comercial de aproape 70 miliarde de lei și să obții o creștere economică anuală de numai 0,3% din PIB este mai mult decât o contraperfomanță, este o întrebare fără răspuns. Structura economiei și contribuția ramurilor la creștere ne arată impasul în care se află economia românească. Mai exact, unele ramuri și-au redus impactul în economie și, de asemenea, au o contribuție redusă la creșterea economică. De exemplu, în primul trimestru, agricultura și-a adus un aport la PIB de numai 1,7% și are contribuție zero la creșterea economică. Industria chiar a avut un efect negativ asupra evoluției PIB, minus 0,5%. Construcțiile, au avut o contribuție pozitivă, 0,4% la creșterea economică și este ramura cu cea mai bună performanță. Comerțul este sectorul cu cea mai mare contribuție la PIB, 23%, dar cu o contribuție negativă la creșterea economică, minus 0,2%. Cifra este un semnal de alarmă, pentru că această scădere indică problema pe care o are consumul și anume o încetinire a creșterii. Ne place sau nu consumul a fost în ultimii ani un motor de creștere economică. După cum arată cifrele, economia locală va pierde acest motor. În rest, toată lumea navighează între contribuție negativă și puțin peste linia de plutire, De exemplu, domeniul bancar și al asigurărilor este la zero la capitolul contribuție la creșterea economică. La fel stă și domeniul tranzacțiilor imobiliare, un domeniu care a pus umărul la dezvoltarea României, dar care acum a înregistrat minima contribuție la creșterea PIB, de 0,1%. Cifrele arată că marile deficite gemene se scurg ca apa în nisip, adică au contribuții minore la creșterea economică, iar pe cale de consecință chiar creșterea economică este foarte redusă. Încă o dată: unde se duc banii? Importurile au crescut, dar consumul încetinește, deficitul bugetar s-a mărit, dar investițiile au o contribuție modestă la creșterea economică. Parcă nimic nu se leagă, în afară de un indicator: au crescut economiile în bănci ale firmelor și populației. Ceea ce este un nou paradox al economiei românești.

Willy was joined once again by renowned economist Dr. Peter Linneman for the Most Insightful Hour in CRE. They unpacked key takeaways from the Q2 Linneman Letter, including employment data, tariffs, GDP, oil, geopolitical impacts, supply chain issues, the Fed, single and multifamily supply, hot markets, and much more. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to the CRE podcast. 100% Canadian, 100% commercial real estate. Recorded live at the Toronto Land Development Forum, on this episode of the Commercial Real Estate Podcast,  Aaron Cameron and Adam Powadiuk welcome Jim Ritchie, President of Tridel Group of Companies and President and CEO of Deltera. Together, they explore the evolution of Toronto's... The post Toronto's Condo Evolution Through the Eyes of Jim Ritchie, President of Tridel appeared first on Commercial Real Estate Podcast.

Dr. Philip English from Temple University joins us to discuss our upcoming research paper on CRE liquidity, how liquidity shapes investment decisions, why traditional market measures may fall short, and what new research reveals about true liquidity. From transaction-based indices to the evolution of market structures, this discussion sheds light on the complexities and opportunities facing investors and lenders when it comes to the liquidity of commercial real estate. Key Moments:00:50 Meet Dr. Philip English04:29 Exploring CRE market liquidity08:35 Key findings and insights10:25 The importance of liquidity in CRE12:28 Current market conditions and trends14:12 The role of data in CRE research22:03 Practical applications for investors24:33 Evaluating portfolio manager performance27:20 Understanding the research frontier32:06 Liquidity and market investability36:25 Future of CRE research and market structure45:38 Challenges and opportunities in CRE data Resources Mentioned:Email us - altusresearch@altusgroup.comThanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#CRE #CommercialRealEstate #Property

Discover how authenticity, relentless follow‑through, and AI-enhanced communication are transforming the commercial real estate landscape in this powerful Prime People Podcast episode.In this episode:We dive deep into:

Fostul premier Florin Cîțu critică primul pachet de măsuri fiscale adoptat de Guvernul Bolojan. Liberalul crede că Executivul ar fi trebuit să insiste mai mult pe reducerea cheltuielilor, în loc să majoreze taxele. Florin Cîțu, despre primul pachet de măsuri fiscale: ”Așa cum arată acest pachet astăzi, există o probabilitate foarte mare ca TVA-ul să meargă la 24%, ori până la finalul anului ori la începutul anului viitor”. Fostul premier estimează că ”impactul acestor măsuri va fi același pe care l-au avut măsurile implementate în ultimii trei ani de zile, tot creșteri de taxe, nu există altă variantă. Creșterea taxelor afectează negativ o economie. Economia României a fost sufocată de taxe în ultimii ani și s-a văzut, creșterea economică a scăzut de la 6% în 2021, la 0 în 2025. Un alt val de creșteri de taxe va continua acest efect negativ asupra economiei naționale”. Florin Cîțu se arată rezervat față de succesul pachetului de măsuri fiscale: ”Sunt sceptic, văzând că mergem după tot felul de cârpeli, în loc să atacăm problemele de fond. Reforma salarizării este în PNRR, primim bani pentru ea și reduce cheltuielile bugetare pe termen lung”.

This podcast episode explores NYC land sales, zoning, development, tech tools, and insights with Genessy Jaramillo, Managing Director of BKREA.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with top CRE professionals. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode of the Crexi Podcast, host Shanti Ryle, Director of Content Marketing at Crexi, sits down with Genessy to delve into the complexities of commercial real estate, particularly focusing on land sales and development in New York City. Genessy shares insights from her multifaceted career, and discusses building expertise in the industry, the impact of zoning laws, and the significance of New York's 'City of Yes' policy. Highlighting the unique aspects of being a land broker, Genessy emphasizes the importance of understanding market nuances, the role of technology in real estate, and the value of patience and persistence in the field. This insightful conversation offers listeners an in-depth look at the dynamics of one of the most challenging and rewarding real estate markets.Introduction to the Crexi PodcastMeet Genessy Jaramillo: A Journey in Real EstateGenessy's Early Career and ChallengesTransition to New York and Meeting Bob KnakalLearning the New York MarketThe Importance of Networking and MentorshipBalancing Personal Wellness and CareerDiving into Land Sales and DevelopmentUnderstanding the New York Development MarketLeveraging Technology in Real EstateStartup Challenges and ToolsImportance of Data and AutomationMarketing Reports and Using CrexiZoning Regulations in New YorkCity of Yes and Its ImpactAir Rights and DevelopmentChallenges in DevelopmentInvestment Perspectives and Market StatsRapid Fire QuestionsConclusion and Contact Information  About Genessy Jaramillo:Genessy Jaramillo focuses on land sales in Manhattan in her role at BKREA, working side by side with the company's Chairman & CEO, Bob Knakal.Previously, Genessy specialized in retail investment sales and leasing at CrossMarc Services, representing clients across the Southeast in acquisitions, dispositions, and tenant/landlord representation.Genessy began her career at Marcus & Millichap in Nashville, gaining expertise in office and industrial asset classes. Fluent in English and Spanish, she holds real estate licenses in Florida, Tennessee, and New York.With a Business Management degree from the University of Central Florida and active involvement in ULI, ICSC, and NAIOP, Genessy applies a service-oriented and market-savvy approach to assisting clients in Manhattan. If you enjoyed this episode, please subscribe to our newsletter and enjoy the next podcast delivered straight to your inbox. For show notes, past guests, and more CRE content, please check out Crexi's blog. Ready to find your next CRE property? Visit Crexi and immediately browse 500,000+ available commercial properties for sale and lease. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi

226: In episode 226 of the REtipster Podcast, I'm talking with Tyler Cauble, a commercial real estate investor and YouTuber flipping the script on the CRE game. Tyler started selling Cutco knives in college, dropped out, and built a massive portfolio without ever touching residential real estate.(Show Notes: REtipster.com/226)We dive deep into how he has built massive value, like finding $215K in equity without doing any rehab. We also explore flex space vs. retail, cost segregation studies, broker strategies, and the creative partnerships he forms (like pairing pickup with storage facilities to boost occupancy).If you want to break into commercial or industrial real estate, this episode is packed with tactics you can use today.

Creó mundos imaginarios aterradores y fue capaz de inspirar a los grandes genios del terror como Stephen King. Aunque su legado sigue más vivo que nunca, el 15 de marzo de 1937 fallecía en el anonimato y en la pobreza más absoluta. Hoy en “La Enciclopedia Oculta”, HP Lovecraft

Creíamos que los mejores y más fuertes, los que sabían adaptarse, sobrevivían, como sostenía Darwin en su teoría de la evolución, y de pronto vemos que los peores también aguantan de maravilla.

In this episode, Matty A. breaks down the new “One Big Beautiful Bill”—recently passed Congress and on its way to being signed—focusing on the massive upside it offers for real estate investors. From the restoration of 100% bonus depreciation on CRE assets to higher SALT deductions, enhanced QBI benefits, and expanded Opportunity Zone/LITHTC incentives, this legislation delivers a once-in-a-generation tax overhaul that could reshape your strategy through 2029 and beyond.Legislative SnapshotThe One Big Beautiful Bill recently passed both the Senate and House, and awaits the President's signatureIt's a sweeping reconciliation package featuring permanent tax reductions, SALT limit increases, and expansions in affordable housing incentivesBig Benefits for CRE Investors100% Bonus Depreciation Restored: Full expensing on qualifying commercial real estate assets through 2029—a major boost for accelerated tax deductions on new property investmentsQualified Opportunity Zones & LIHTC Expanded: Enhanced incentives for investing in targeted redevelopment and affordable housing projectsSALT Cap Increased: Higher state and local tax deduction limits—especially beneficial to high-income, real estate-heavy investorsPermanent QBI Deduction Boost: Favorable treatment for income from qualified pass-through entities—up from 20% to 23%What This Means for InvestorsImmediate Yield on New Builds: 100% bonus depreciation means upfront deductions—enhancing cash flow from day one.Strategic Play in OZ & LIHTC Projects: Greater potential benefits from long-term deals in opportunity zones and affordable housing.Tax Efficiency Upgrades: Bigger deductions across state/local taxes and pass-through income.Clarity Through 2029: Investors now have a multi-year horizon to plan and maximize their tax strategiesAction StepsPlan for New Asset Acquisitions: Accelerate purchases before the window closes in 2029.Run Cost Segregation Studies: Maximize bonus depreciation for each property.Explore Opportunity Zone & LIHTC Deals: Reassess capital deployment into affordable housing and redevelopment zones.Optimize Entity Structures: Leverage higher QBI deductions and SALT benefits within pass-through entities.Consult Experts: Talk to your CPA or financial advisor to maximize these new provisions.Key TakeawayTrump's One Big Beautiful Bill delivers powerful incentives for CRE investors from full expensing and tax credits to structural tax benefits. If executed with planning and precision, these changes could save you hundreds of thousands, if not millions, over the next several years.Tune In & ActListen now to gain expert insight into using these legislative changes to your advantage. Then, take the next step—plan, consult, and deploy capital smarter than ever.Episode Sponsored By:Discover Financial Millionaire Mindcast Shop: Buy the Rich Life Planner and Get the Wealth-Building Bundle for FREE! Visit: https://shop.millionairemindcast.com/CRE MASTERMIND: Visit myfirst50k.com and submit your application to join!FREE CRE Crash Course: Text “FREE” to 844-447-1555

¿Cómo aprovechar está oportunidad única… de vivir en la era más abundante de la historia de la humanidad… y dar lo mejor de mi? ¿cómo vivir al límite de mis capacidades humanas…? ¿cómo vivir al límite de mis capacidades humanas…? Hace 10,000 años el ser humano tenía un solo meta en su vida. Un objetivo que permitió que hoy tengamos tanta abundancia. Hace 10,000 años no había: el lunes empiezo. Ni: hoy no voy a hacer nada porque estoy desmotivado...

Welcome to the CRE podcast. 100% Canadian, 100% commercial real estate. In this episode of the Commercial Real Estate Podcast, recorded live on the sidelines of the Land and Development Conference in Toronto, hosts  Aaron Cameron and Adam Powadiuk sit down with Nadine Leblanc, SVP Housing Policy and Programs at CMHC. Nadine shares how CMHC... The post Innovating Housing Finance: What's Next for CMHC with Nadine Leblanc, SVP Housing Policy and Programs at CMHC appeared first on Commercial Real Estate Podcast.

Unlock game-changing strategies in NYC commercial real estate inspired by under‑30 powerhouse Jade Shenker. Learn how she's redefined the CRE space using AI virtual staging, social media storytelling, and hyper‑local insights to outpace traditional institutional investors.In this revelation-packed episode of the Prime People Podcast, Jade shares how she:-Uses social media marketing to amplify property visibility-Applies AI-driven tools for hyper-targeted virtual staging-Combines local market knowledge with digital flair for unbeatable deals-Builds off‑market databases and concierge-style services-Excels on Netflix's Owning Manhattan—authenticity meets gritWhy listen?This episode showcases how creativity + innovation + local expertise can dramatically elevate your real estate strategy in highly competitive markets like Manhattan.

Supply, Stalemate, and Strategy: A Data-Centric View on U.S. Housing with Chris Nebenzahl   Locked-In America: The Housing Market's Great Stall The U.S. housing market isn't just tight, it's inert. As Chris Nebenzahl, Housing Economist at John Burns Research and Consulting, puts it, America is experiencing a “lock-in effect” where millions of homeowners, beneficiaries of sub-3% mortgages from a prior era, have no incentive to move. Transactions, both in the for-sale and rental segments, are stalling. Inventory is constrained by economic rationality, not lack of demand. “The housing market thrives on constant moves,” Nebenzahl says. “But right now, across the housing spectrum, people are locked in.”   The result: record-low turnover in single-family and multifamily rentals, with occupancy propped up by immobility rather than expansion. In such a frozen ecosystem, prices remain surprisingly buoyant despite high rates – a divergence from textbook supply-demand dynamics.   The 5.5% Mortgage Threshold: A Reopening Trigger? The most actionable insight from Nebenzahl's research: housing won't truly unfreeze until mortgage rates return to a “magic number” of approximately 5.5%. That's the psychological and financial line at which the lock-in effect starts to meaningfully ease, based on historical demand models and borrower behavior.   With mortgage rates stuck between 6.5% and 7.5%, this still feels a long way off. Until that number is achieved, or until housing prices decline significantly, mobility will remain stifled. Notably, certain regions such as Florida, Texas, Arizona, and Tennessee are already seeing modest price declines, indicating that some pressure is starting to break through.   But Nebenzahl is clear: this isn't a repeat of 2008. “Nationwide, I think we'll see maybe a 1–2% decline in home values. We're nowhere near GFC territory,” he says. The real estate crash of yesteryear was a systemic event; today's stalling is more friction than fissure.   Bifurcation in Geography and Performance The story of U.S. housing is increasingly one of regional divergence. “It's a tale of two markets,” Nebenzahl observes. Northeast, Midwest, parts of the West Coast: Supply remains tight, pricing is stable or even rising, and rent growth is positive particularly in cities like Boston, Chicago, and San Francisco. Sunbelt metros like Austin, Dallas, Denver, Nashville: Facing ongoing rent declines and incentives as a wave of multifamily supply catches up with (and briefly outpaces) demand. What's driving this? In one word: inventory. “Austin, for example, has seen the most supply as a percentage of existing stock. That's softened rents, even though demand remains strong.”   The Quiet Strength of Rentals Despite oversupply in some markets, multifamily is holding up. Rents have stabilized, absorption remains healthy, and rent-to-income ratios are generally favorable. Nationwide, that ratio sits around 25%, well below the 30% threshold for ‘rent burden.' Even in supply-saturated markets like Austin, ratios hover near 20%, laying a foundation for recovery.   Why this resilience? A few reasons: Affordability gap: With for-sale housing out of reach for many due to both price and interest rates, renting becomes the only viable option. Mobility hedge: In uncertain economic times, the flexibility of a 12-month lease is more appealing than a 30-year mortgage. Demographic tailwinds: New household formation, though potentially threatened by labor market softness, is still skewing towards rentals. “The lion's share of household formation is going into rental,” Nebenzahl says. “Because of affordability challenges, and because people are hesitant to make long-term commitments.”   Cracks in the Foundation: Where Distress May Surface Still, there are stress points, especially in assets underwritten in the froth of 2021. “I'd be watching older vintage assets in oversupplied markets,” he says. “Many of those were acquired with floating rate debt and pro formas that didn't anticipate interest rates going from 0% to 5.5% overnight.”   These deals are now colliding with debt maturities, declining rents, and underwriting models that assumed permanent appreciation. That said, he does not forecast widespread defaults – more likely, selective distress in marginal players.   Risks on the Horizon: Immigration, Labor, and Fragility Beyond rates and rent rolls, Nebenzahl highlights three structural risks that CRE professionals should monitor closely: Immigration policy: Rental demand and construction labor both depend heavily on immigrant populations. Recent restrictions, including H1-B visa tightening and deportations, have had a measurable cooling effect. “Immigrants rent across the income spectrum,” he notes. “A slowdown hits both the demand side and the build (supply) side.” Aging trades workforce: With fewer young workers entering skilled trades, the industry faces a slow-burning capacity problem. The average age of electricians, plumbers, and roofers is steadily rising, and backfilling this labor pool remains an unsolved challenge. Tariffs and supply chain volatility: Tariffs on building materials could push up construction costs 2–3%, and as Nebenzahl notes, those costs would disproportionately impact steel-heavy high-rise multifamily more than low-rise SFR or garden-style.   Monetary Fog: The Fed, Rates, and Global Perception Much of the future, however, depends on interest rates and here Nebenzahl expresses qualified caution. While he believes we are “above neutral” levels now, he doesn't expect a return to near zero interest rates. “Even in a mild recession, I don't see the 10-year Treasury falling below 3–3.5%,” he says.   But more troubling is what he calls the “qualitative fog”: rising geopolitical tension, politicization of monetary policy, and eroding investor trust in American stability. “We're hearing less ‘there is no alternative' about the U.S.,” he says. “Foreign capital is pausing. Not exiting – but pausing.” That loss of automatic confidence in U.S. housing and Treasuries could ripple through cap rates and investment demand far more than a 25-basis-point Fed decision.   What to Watch: Nebenzahl's Key Indicators For professionals managing exposure in this market, Nebenzahl advises watching: Job growth – Still the most reliable proxy for household formation. Household formation – Where people are forming new households, rentals are likely to benefit. Treasury market confidence – A real-time referendum on U.S. economic credibility.   Final Thoughts: Where He'd Put $1 Million Today Asked how he'd allocate $1M today, Nebenzahl doesn't hesitate: “I'd split it between Midwest and Sunbelt rentals, multifamily and build-to-rent.”   He's not holding cash. He's not forecasting a crash. He's betting on rental fundamentals and long-term demographic logic.   “There's dry powder waiting to be deployed,” he concludes. “And multifamily is still one of the most institutionally resilient plays in U.S. real estate.”   *** In this series, I cut through the noise to examine how shifting macroeconomic forces and rising geopolitical risk are reshaping real estate investing.   With insights from economists, academics, and seasoned professionals, this show helps investors respond to market uncertainty with clarity, discipline, and a focus on downside protection.    Subscribe to my free newsletter for timely updates, insights, and tools to help you navigate today's volatile real estate landscape. You'll get: Straight talk on what happens when confidence meets correction - no hype, no spin, no fluff. Real implications of macro trends for investors and sponsors with actionable guidance. Insights from real estate professionals who've been through it all before. Visit GowerCrowd.com/subscribe Email: adam@gowercrowd.com Call: 213-761-1000

Ron Kamdem, our U.S. Real Estate Investment Trusts & Commercial Real Estate Analyst, discusses how GenAI could save the real estate industry $34 billion and where the savings are most likely to be found.Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Ron Kamdem, Head of Morgan Stanley's U.S. Real Estate Investment Trusts and Commercial Real Estate research. Today I'll talk about the ways GenAI is disrupting the real estate industry.It's Tuesday, July 1st, at 10am in New York.What if the future of real estate isn't about location, location, location – but automation, automation, automation?While it may be too soon to say exactly how AI will affect demand for real estate, what we can say is that it is transforming the business of real estate, namely by making operations more efficient. If you're a customer dealing with a real estate company, you can now expect to interact with virtual leasing assistants. And when it comes to drafting your lease documents, AI can help you do this in minutes rather than hours – or even days.In fact, our recent work suggests that GenAI could automate nearly 40 percent of tasks across half a million occupations in the real estate investment trusts industry – or REITs. Indeed, across 162 public REITs and commercial real estate services companies or CRE with $92 billion of total labor costs, the financial impact may be $34 billion, or over 15 percent of operating cash flow. Our proprietary job posting database suggests the top four occupations with automation potential are management – so think about middle management – sales, office and administrative support, and installation maintenance and repairs.Certain sub-sectors within REITs and CRE services stand to gain more than others. For instance, lodging and resorts, along with brokers and services, and healthcare REITs could see more than 15 percent improvement in operating cash flow due to labor automation. On the other hand, sectors like gaming, triple net, self-storage, malls, even shopping centers might see less than a 5 percent benefit, which suggests a varied impact across the industry.Brokers and services, in particular, show the highest potential for automation gains, with nearly 34 percent increase in operating cash flow. These companies may be the furthest along in adopting GenAI tools at scale. In our view, they should benefit not only from the labor cost savings but also from enhanced revenue opportunities through productivity improvement and data center transactions facilitated by GenAI tools.Lodging and resorts have the second highest potential upside from automating occupations, with an estimated 23 percent boost in operating cash flow. The integration of AI in these businesses not only streamline operations but also opens new avenues for return on investments, and mergers and acquisitions.Some companies are already using AI in their operations. For example, some self-storage companies have integrated AI into their digital platforms, where 85 percent of customer interactions now occur through self-selected digital options. As a result, they have reduced on-property labor hours by about 30 percent through AI-powered staffing optimization. Similarly, some apartment companies have reduced their full-time staff by about 15 percent since 2021 through AI-driven customer interactions and operational efficiencies.Meanwhile, this increased application of AI is driving new revenue to AI-enablers. Businesses like data centers, specialty, CRE services could see significant upside from the infrastructure buildout from GenAI. Advanced revenue management systems, customer acquisition tools, predictive analytics are just a few areas where GenAI can add value, potentially enhancing the $290 billion of revenue stream in the REIT and CRE services space.However, the broader economic impact of GenAI on labor markets remains hotly debated. Job growth is the key driver of real estate demand and the impact of AI on the 164 million jobs in the U.S. economy remains to be determined. If significant job losses materialize and the labor force shrinks, then the real estate industry may face top-line pressure with potentially disproportionate impact on office and lodging. While AI-related job losses are legitimate concerns, our economists argue that the productivity effects of GenAI could ultimately lead to net positive job growth, albeit with a significant need for re-skilling.Thanks for listening. If you enjoy the show, please leave us a review wherever you listen and share Thoughts on the Market with a friend or colleague today.

Cathy Teeter of CBRE talks trends leadership skills in CRE

In this highly personal and engaging update episode, Matty A. opens up about the latest developments in his life, career, and entrepreneurial journey—and extends a special invitation for listeners to join him on what's next.What's NewPersonal Milestones – Matty shares key life updates, including professional shifts, family news, and the mindset focus driving him forward.Business Expansion – He dives into recent growth in his CRE investment firm and upcoming initiatives within the Millionaire Mindcast network.New Show Format – Teases enhancements coming to the podcast—fresh segments, guest lineup, and deeper value for listeners.Listener InvitationJoin the Community – Matty invites listeners to upcoming live events, masterminds, and exclusive deals.How to Connect – Listeners can DM him on social media, join his deals list via text, and access premium tools/resources.Feedback & Engagement – Encourages ratings, reviews, and sharing this update with fellow investors and entrepreneurs.Key TakeawaysEvolution of a Host – Transparency and authenticity remain core to Matty's approach as he evolves personally and professionally.Shared Journey – This episode isn't just one man's update—it's a call to action for community growth and collaboration.Next-Level Value – Expect more guest interviews, deep dives, mindset tools, and strategic CRE discussions moving forward.Resources & Next StepsDeals List – Text "DEALS" to 844-447-1555 to receive early access to new opportunities.Connect on Social – Follow Matty A. (@officialmattya).Support the Show – Leave a 5-star review on your favorite podcast platform to help the community grow.Final ThoughtWhether you're a long-time subscriber or new to the show, this upbeat update is your formal invite to step into the next chapter—together. Tune in, take action, and let's see where this journey takes us!Episode Sponsored By:Discover Financial Millionaire Mindcast Shop: Buy the Rich Life Planner and Get the Wealth-Building Bundle for FREE! Visit: https://shop.millionairemindcast.com/CRE MASTERMIND: Visit myfirst50k.com and submit your application to join!FREE CRE Crash Course: Text “FREE” to 844-447-1555

Season 3, Episode 4: Rich Hill, Global Head of Real Estate Strategy at Principal Asset Management, joins the show for a candid deep dive into the state of CRE in 2025, from CMBS and construction lending to the hype around AI data centers. With over $100B in real estate under management, Rich explains why office isn't dead, where multifamily pricing is off, and how investors are recalibrating their return expectations. We discuss: – Why debt is suddenly back in favor – What's fueling (and threatening) the data center boom – Where office sentiment is quietly shifting – The truth behind the “housing shortage” narrative Rich brings clarity to the chaos, offering a rare look at how one of the industry's largest real estate platforms is navigating 2025. TOPICS 00:00 – Intro & Birthday Surprise 03:00 – Rich's Career Path + Joining Principal 06:00 – How Principal Allocates Capital in Today's Market 10:30 – Debt, Construction Lending, and CMBS Strategy 15:40 – Data Centers, AI Demand, and Market Caution 22:30 – Office Outlook and Why Originations Are Ticking Up 28:00 – Living Strategies, Seniors Housing, and Multifamily Mispricing 33:50 – US vs. Europe: Capital Sentiment and Cross-Border Strategy 39:20 – Tariffs, Onshoring, and Resilient Cash Flows 43:00 – Return Expectations for CRE in 2025 and Beyond 47:00 – Final Thoughts on Alternatives and Outlook Shoutout to our sponsor, InvestNext. One platform to raise and manage capital for real estate investment. For more episodes of No Cap by CRE Daily visit https://www.credaily.com/podcast/ Watch this episode on YouTube: https://www.youtube.com/@NoCapCREDaily About No Cap Podcast Commercial real estate is a $20 trillion industry and a force that shapes America's economic fabric and culture. No Cap by CRE Daily is the commercial real estate podcast that gives you an unfiltered ”No Cap” look into the industry's biggest trends and the money game behind them. Each week co-hosts Jack Stone and Alex Gornik break down the latest headlines with some of the most influential and entertaining figures in commercial real estate. About CRE Daily  CRE Daily is a digital media company covering the business of commercial real estate. Our mission is to empower professionals with the knowledge they need to make smarter decisions and do more business. We do this through our flagship newsletter (CRE Daily) which is read by 65,000+ investors, developers, brokers, and business leaders across the country. Our smart brevity format combined with need-to-know trends has made us one of the fastest growing media brands in commercial real estate.

U.S. foreign policy these days is a sea of uncertainty — CRE investors' least favorite thing. From whipsaw tariffs to taxes seen as “revenge” against international players who don't fall in line with Trump administration goals, money managers are increasingly tentative to put their money on American soil.This week, Trepp Senior Research Manager Tom Taylor discussed why it makes sense that some global investors are pulling back from the U.S., why it doesn't worry him too much and who is still investing and in what.Register on Bisnow.com to join our next conversation live on Friday, July 11, or check back here for the conversation after it airs. 

In this week's Money Moves, Matty A and Mr. Breedwell are back together to break down the biggest market, geopolitical, and real estate headlines shaping the second half of 2025. From Trump's tariff war to Powell's rate pause, the guys unpack what's driving inflation, whether we'll get the cuts the market is begging for, and why risk tolerance is changing in a desensitized, crypto-gambling, TikTok-trading generation.They also touch on record-breaking housing inventory gaps, AI unicorn mania, Tesla vs. Waymo, and what the Iran-Israel ceasefire really means for oil and global volatility.This is a tactical, no-fluff conversation for investors who want to understand what's next—and profit from it.Timestamps:0:00 – Matty's back from Mexico and birthday shenanigans1:00 – CPI drops below 3%, so why are rates still high?3:15 – Powell's inflation warning and Fed rate cut hesitation5:00 – Breedwell leans toward cuts: “We need to re-stimulate lending”7:00 – US economy strength and market liquidity8:30 – Why Gen Z treats the stock market like DraftKings10:45 – Volatility isn't scary anymore—retail is here to play12:00 – Buy the dip: how to profit from war-driven market dips14:00 – Investing should be boring: Breedwell's boring but brilliant strategy16:00 – Powell's trigger-shyness and election-year avoidance18:30 – Trump's public feud with Powell and economic optics20:00 – Tariffs, borders, and bombs: a geopolitical chaos recap22:00 – Operation Midnight Hammer: Iran nuclear strike details24:00 – Media hypocrisy on military action under different presidents26:30 – Israel vs. Iran: ceasefire claims, risks, and trust issues29:00 – Strait of Hormuz shut down? What it really means for oil32:00 – Tesla vs. Waymo: Is there even a self-driving war?34:00 – AI bubble brewing? Unicorns, smoke, and future corpses36:30 – Google's Waymo problem and Apple's smart retreat38:00 – Crypto chaos: pump, dump, and ETF-driven dreams39:00 – Redfin report: record housing supply and demand gap41:00 – 75% of buyers sitting on the sidelines42:00 – DeSantis wants to kill property taxes in Florida42:45 – Bull or BS: Lightning Round (Rate Cuts, Bitcoin, CRE, and more)What You'll Learn:Why the Fed is hesitating despite sub-3% CPI numbersWhat Powell's inflation forecast actually signalsHow retail traders have shifted the market dynamic post-COVIDThe real risk (and opportunity) behind the Iran ceasefireWhy Breedwell is quietly loading up on U.S. equitiesThe ugly truth behind AI unicorn valuations and investor FOMOHow Tesla is crushing Waymo in the autonomous vehicle raceWhy the housing market is stuck in a standoff and what could spark a breakoutNotable Quotes:“It's easy to be successful in investing—people just make it hard.” – Mr. Breedwell “Retail investors aren't chickens anymore. They're not waiting to be slaughtered—they're squeezing the market.” – Mr. Breedwell “These are the windows where generational wealth gets made.” – Matty A “Waymo is five times the cost for a worse product. Tesla already won.” – Mr. BreedwellCalls-to-Action:Want a free portfolio x-ray? Text XRAY to 844.447.1555Want the best alternative investment deals? Text DEALS to 844.447.1555Follow Matty A for daily market insights: @officialmattyaFinal Thoughts:The market may be uncertain, but the opportunity is massive. If you're sitting on the sidelines waiting for the perfect signal, you're already late. Now's the time to get informed, stay sharp, and take action like the pros do.If you got value from today's show, leave us a review, subscribe, and share it with a friend who's trying to make smarter money moves.Episode Sponsored By:Discover Financial Millionaire Mindcast Shop: Buy the Rich Life Planner and Get the Wealth-Building Bundle for FREE! Visit: https://shop.millionairemindcast.com/CRE MASTERMIND: Visit myfirst50k.com and submit your application to join!FREE CRE Crash Course: Text “FREE” to 844-447-1555

Jenalyn Gardner shares how GlobeSt's Women of Influence is driving CRE dealmaking, tech adoption, and visibility for women leaders across the industry.**Hey Crexi listeners - we're partnering with GlobeSt to offer $200 off the registration fee for the Women of Influence conference in beautiful Denver, Colorado. Don't miss out on 2 days of expert panels, exciting conversations, and connecting with top industry professionals. For more information, and to get $200 off your registration fee, visit their event page and enter the code CREXIPOD200. **The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with top CRE professionals. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode of the Crexi Podcast, host Shanti Ryle sits down with Jenalyn Gardner, the Director of Programming for GlobeSt Real Estate, to delve into the world of commercial real estate and the successful Women of Influence program. Jenalyn shares her journey from the newsroom to shaping content for GlobeSt events, emphasizing the importance of relationships and mentorship in her career. The discussion explores how the Women of Influence initiative empowers women, fosters deal-making, and addresses the unique challenges women face in the industry. Jenalyn also highlights the growing integration of technology in CRE, providing insights into where the most opportunities lie in the current market landscape. Tune in for an inspiring conversation on breaking barriers, building robust networks, and driving impactful changes in commercial real estate.Introduction to the Crexi PodcastMeet Jenalyn Gardner: Director of Programming at GlobeStJenalyn's Career Journey and AchievementsThe Importance of Commercial Real EstateBuilding Expertise and Relationships in CREWomen of Influence: Concept and ChallengesThe Evolution and Impact of Women of Influence EventsThe Role of Technology and Networking in CREHighlighting Success Stories and Future GoalsBuilding a Year-Round CommunityLeveraging AI for Fast Content CreationExpanding Platforms and Social Media PresenceHighlighting Women of Influence Through PodcastsEncouraging Women to Share Their StoriesWomen of Influence Miniseries and EventsImpact of Women of Influence on Deal MakingOpportunities for Women in Commercial Real EstateThe Role of Technology in Real EstateMultifamily and Healthcare as Safe Investments About Jenalyn Gardner:Jena Gardner is the Director of Programming for GlobeSt Real Estate. She leads the strategy and development of all content related to GlobeSt Real Estate events. In her role as Director of programming, Jena has executed some of the portfolio's most successful events, streamlined messaging across media channels, and developed an unparalleled brand identity, making the GlobeSt brand the epicenter of industry dealmaking across the commercial real estate events and information space. A frequent contributor to GlobeSt.com, Jena works closely with the editorial staff to uphold the content integrity of GlobeSt. Her “in the trenches” approach to subject matter research has led to powerful industry relationships with some of commercial real estate's top decision makers and thought leaders. Jena also leads the strategy and development of all things Women of Influence, including the launch of the exclusive Women of Influence social media platform The Hive, year round Women of Influence mini-series events, and the leader of the influential Women of Influence Advisory Board – who together – are working to transform the the commercial real estate industry by elevating women to positions of power. Jena started her career in the newsroom, as an editor and content strategist for PRNewswire. She pivoted into the world of corporate events after inheriting the print and packaging portfolio at Smithers Information, where she spearheaded the company's most successful and influential event, Sustainability in Packaging. She also launched the second and third most successful events, Packaging for Ecommerce and Smart Packaging. A graduate of the University of Akron with a Bachelor in Business Communications, Jena lives with her husband and two sons in Akron, OH. In her free time, she loves a good book, quality family and girlfriend time, and some not-so-good quality… reality television. If you enjoyed this episode, please subscribe to our newsletter and enjoy the next podcast delivered straight to your inbox. For show notes, past guests, and more CRE content, please check out Crexi's blog. Ready to find your next CRE property? Visit Crexi and immediately browse 500,000+ available commercial properties for sale and lease. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi

Matty A. explores a powerful yet overlooked CRE asset poised to shine in 2025. He unpacks why mainstream investors are missing out and how you can take advantage to build substantial wealth.Market Context & OpportunitiesCRE markets are stabilizing after 2024 volatility. Lower interest rates and macroeconomic tailwinds create favorable conditions for buyers in 2025 Alternative property types such as medical offices, senior/student housing, and last-mile logistics are gaining attention due to supply constraints and rising demand Why This Underrated Asset?It combines defensive characteristics (non-discretionary use) with consistent yields a sweet spot between safety and upside These assets align well with longer-term investor horizons and capital cycle trends.Tax Strategy Play: Cost Segregation + Bonus DepreciationWith bonus depreciation at 40% in 2025 (phasing out by 2027), pairing with cost segregation unlocks major immediate deductions Studies remain powerful even post-2027, helping you front-load depreciation and boost early cash flow.Case studies show investors saving hundreds of thousands, even millions, with these tactics.How to Move Forward in 2025Act now! Lock in 40% bonus depreciation before the clock ticks down Commission a cost segregation study on new or recent acquisitions to reclassify eligible assets.Use pro formats (e.g., Form 3115) to apply studies retroactively and capture “catch-up” depreciation Align asset selection with macro trends: target recovery in industrial and adaptive reuse in office, student/senior housing, or last-mile logistics Key TakeawaysThe best CRE in 2025 may not be headline-grabbing but fundamentals, tax efficiency, and demographic trends make it a standout.A powerful combination of boosted cash flow and tax savings sets this asset apart.Prep your strategy now to take full advantage before 2027's bonus depreciation phase-out.Resources & Next StepsLinks to top cost segregation experts and bonus depreciation breakdowns.Bonus Depreciation Cheat Sheet (40% today, 20% in 2026, 0% by 2027).Playlist: “Alternative CRE Asset Deep Dives.”Invitation to Matty A.'s upcoming webinar, “Unlocking 2025's Hidden CRE Opportunities.”Final ThoughtsThis episode is a deep dive into a smart CRE investment path armed with tax strategy, foresight, and timing. Don't miss out. Tune in now to gain the edge most investors haven't seen coming.Episode Sponsored By:Discover Financial Millionaire Mindcast Shop: Buy the Rich Life Planner and Get the Wealth-Building Bundle for FREE! Visit: https://shop.millionairemindcast.com/CRE MASTERMIND: Visit myfirst50k.com and submit your application to join!FREE CRE Crash Course: Text “FREE” to 844-447-1555

In this solo episode of Money Moves, Matty A. breaks down the latest economic and investment headlines—from Trump's fiery demands for massive rate cuts, to shifts in the real estate and crypto landscapes. With CPI cooling, Fed moves uncertain, and industrial real estate starting to wobble, there's a lot to unpack. Plus, the flood of new altcoin ETF filings and where billion-dollar firms like Blackstone are quietly investing.This episode was fully curated using AI—crafted to bring you streamlined insights and market signals without the noise.Episode Timestamps:[00:00] Intro & AI-curated format explained[03:00] CPI report shows inflation cooling; Trump demands massive rate cuts[04:48] Industrial real estate weakens after a decade of strength[06:25] Office-to-residential conversions on the rise—300+ planned for 2025[07:56] Altcoin ETF surge: 30+ filings including Doge, Solana & more[08:54] Where institutional money is going: multifamily, logistics, and data centers[11:06] “Bull or B.S.”: Will the Fed really cut rates twice? Is altcoin summer here?[12:58] Wealth Builder Breakdown: Altcoin ETFs explained[14:40] Final takeaway: Invest in what's inevitable, not what's trendingTopics Covered:Trump vs. Powell: Political pressure on interest ratesFed policy outlook & CPI analysisIndustrial real estate headwindsThe boom in office-to-residential conversionsRise of altcoin ETFs and institutional crypto adoptionSmart money trends: What Blackstone, KKR, and others are buyingStrategic investing insights for long-term wealthResources & Links:Wise Investor Vault – Tools & Resources (link)Text Matty A: 844-447-1555Subscribe on YouTube: Investing in CRE with Matty A.Episode Sponsored By:Discover Financial Millionaire Mindcast Shop: Buy the Rich Life Planner and Get the Wealth-Building Bundle for FREE! Visit: https://shop.millionairemindcast.com/CRE MASTERMIND: Visit myfirst50k.com and submit your application to join!FREE CRE Crash Course: Text “FREE” to 844-447-1555