The TreppWire Podcast: A Commercial Real Estate Show

Recent Episodes

1. 411. Play the Ball? Bonds Threw a Curve: New York CRE Shakeups & What Super Regional Bank Earnings Mean for CRE

   Jul 31, 2026

   The Tuckwire podcast's weekend review for July 31, 2026 covers Federal Reserve policy decisions and bond market reactions, including 30-year Treasury yields hitting 2007 levels. The episode examines New York City commercial real estate developments including office-to-residential conversion challenges due to structural concerns at 222 Broadway and 753 Park Avenue, Macy's removal of its iconic Herald Square shopping bag sign after 60+ years, and the Flatiron Building's latest chapter. The hosts also analyze super-regional bank earnings for commercial real estate implications and discuss major data center developments including a $100+ billion uranium facility conversion in Kentucky and BlackRock's role financing AI infrastructure.

2. 410. The Plot Thickens: Inflation Rerun, AMC’s Comeback, Data Center Spreads and Corporate Real Estate Shifts

   Jul 24, 2026

   Weekend market review for the week ending July 24, 2026, covering geopolitical inflation risks from U.S.-Iran tensions and Canadian tariffs, AMC's strong Q2 earnings and theater sector recovery, corporate real estate optimization by Verizon, Pep Boys, and Cracker Barrel, and an analysis of data center CMBS pricing dynamics comparing lease term and investment-grade tenant composition against potential AI sentiment premiums.

3. 409. The Next Phase of CRE Capital Markets with Marty Allen of Grandbridge Real Estate Capital

   Jul 21, 2026

   Marty Allen, head of capital markets at Grandbridge Real Estate Capital, discusses the firm's recent launch of master and special servicing capabilities and its strategic shift from middle-market to institutional commercial real estate lending. The conversation covers market conditions that enabled this entry, the fragmentation of the CRE cycle into overlapping challenges (office reset, maturity wall, rate stress), and the critical role of early intervention and data-driven decision-making in modern servicing. Allen shares insights on hiring talent to build differentiated platforms, the role of AI and technology, and advice for new entrants to the CRE industry.

4. 408. Beneath the Headlines: AI Spending, Inflation, Bank Earnings, & Austin Multifamily

   Jul 17, 2026

   This is a weekly market review episode of the Treppwire podcast covering major economic and commercial real estate developments for the week ending July 17, 2026. The hosts analyze softer-than-expected inflation data (headline CPI down 0.4%, core CPI flat), strong bank earnings across major institutions, IBM's disappointing results amid AI infrastructure spending shifts, and the growing political resistance to data center development. The episode concludes with a deep dive into Austin's multifamily market, where widespread rent concessions are masking underlying distress, with nearly 16% of securitized loans on watch lists despite modest delinquencies.

5. 407. Retail Isn't Dead, It's Evolving: From Outlet Centers to Lifestyle Destinations with Tanger’s Justin Stein

   Jul 14, 2026

   Justin Stein, Executive Vice President and Chief Revenue Officer at Tanger Inc., discusses the company's evolution from a traditional outlet mall operator to a lifestyle destination platform. The conversation covers Tanger's strategic pivot during and after COVID-19, including expansion into full-price retail, food and beverage integration, experiential retail, and data-driven leasing strategies. Stein shares insights on consumer behavior shifts, the importance of relationship-driven real estate, and Tanger's growth opportunities through organic expansion, acquisitions, and potential third-party management.

6. 406. Challenging CRE Narratives: Mid-Year Reality Check, Office Conversion Risks & Multifamily Mixed Signals

   Jul 10, 2026

   Haley Keen hosts a mid-year 2026 market review with Trepp's Chief Product Officer Lonnie Hendry and Head of Applied Research & Analytics Stephen Buschbaum. The episode covers macro conditions (inflation, Fed communication, Middle East tensions), a structural failure at a major Manhattan office-to-residential conversion project, the Texas Stock Exchange launch, CMBS issuance performance against 2026 predictions, and delinquency trends across property types. The hosts also debut Lonnie's research challenging the narrative that the Midwest multifamily market is a safer investment than the Sunbelt.

7. 405. 250 Years of Commercial Real Estate, NYC Rent Freeze, Kroger's Next Move, & More

   Jul 2, 2026

   The Trep Wire podcast's weekend review for July 3rd, 2026 covers macro economic data, NYC rent stabilization freeze, Kroger's Giant Eagle acquisition, Digital Realty's Blackstone data center buyout, and a historical deep-dive into 250 years of American real estate through active CMBS loans on properties built in 1727, 1842, and 1888.

8. 404. Special Servicing in 2026: Office Workouts, Extensions, & CRE Stress with David Harrison of Midland Loan Services

   Jun 30, 2026

   David Harrison, Chief Operating Officer and Head of Special Servicing at Midland Loan Services (a PNC Real Estate Business), discusses the evolving landscape of commercial real estate servicing in 2026. The conversation covers the distinctions between master and special servicing, the complexity of pooling and servicing agreements (PSAs), comparisons between the 2008 financial crisis and today's market stress, and specific challenges in office properties, extensions versus liquidations, data center risks, and the critical role servicers play in navigating distressed loans and workouts.

9. 403. Selective Capital, Greenspan's Legacy, Morgan Stanley's Dallas Bet, & 2021 Multifamily Lessons

   Jun 26, 2026

   This is a weekend market review episode covering the week ending June 26, 2026, hosted by the Trep Wire team. Topics include Alan Greenspan's legacy and impact on monetary policy, the bipartisan 21st Century Housing Act and its implications for single-family rentals, Wheeler REIT's portfolio sale driven by balance sheet stress, Morgan Stanley's $1.3B Dallas office tower investment, and a detailed analysis of 2021 vintage multifamily CMBS securitizations comparing cap rates and debt yields across top-25 and non-top-25 MSAs.

10. 402. The New Reality: Warsh's Fed, CRE Disruption, Apollo's Exit, & Credit Risk Transfer 101

    Jun 19, 2026

    The Trep Wire podcast's weekend review for the week ending June 19, 2026, featuring hosts Haley Keen, Lonnie Hendry (Chief Product Officer), and Stephen Bushbaum (Head of Applied Research and Analytics). The episode covers the Fed's FOMC meeting under new Chair Kevin Worsh, Apollo's liquidation of its CMBS business, commentary from RXR CEO Scott Reckler on CRE disruption, credit risk transfer mechanisms for bank lending, and trading alerts on distressed retail and lodging assets.