389. Why Smart Capital Is Still Betting on Office with Mike McDonald, JLL Capital Markets
Mike McDonald, senior managing director at JLL Capital Markets, discusses the evolution of office real estate over the past 25 years, emphasizing how institutional capital once made office the dominant CRE asset class before COVID disrupted the market. He explains JLL’s new tiered classification system that objectively grades office assets by quality and vintage, helping investors differentiate high‑quality “daytime housing” from outdated properties. McDonald remains optimistic, arguing that mis‑priced, lower‑occupancy office buildings present lucrative opportunities for value‑add investment over the next five years. His background in acting and extensive deal experience (over $70 billion) informs his client‑focused, data‑driven approach.
385. Market Shocks: Oil Prices Reframe the Macro, Six Years Post-COVID, Self-Storage Consolidation, & Office Green Shoots
In this episode, the Trepp Wire team analyzes how a sudden energy shock—driven by the Iran‑Saudi conflict—has pushed oil above $100, reigniting inflation and reshaping CRE financing amid a still‑steady Fed rate hold. They revisit the March 2020 COVID disruption,...
384. Volatility Returns: Oil Shock, Two Market Risks, Student Housing Exposure, Savills-Eastdil Deal, & More Impactful Headlines
The episode examines how a sudden oil price shock from Middle East tensions is reigniting dual risks in commercial real estate: sticky inflation and slowing growth. Stephen Bushbaum explains that this volatility is likely to tighten financing conditions, widen credit...
381. Quiet Week, Loud Signals: Data Center Hyperdrive, Industrial Rankings, Office & Retail Trading Alerts
In this episode the TreppWire team walks listeners through a surprisingly active week in commercial real estate, spotlighting rapid growth in data centers, a deep dive into industrial market health, and several high‑profile trading alerts across office, retail, and distressed...
379. Squaring the Macro Circle, The Retail Rationalization, Multifamily Recalibration, & Lodging Capital Rotation
The episode dissects the widening gap between strong headline macro data and underlying economic softness, highlighting flat retail sales, surprisingly resilient job numbers, and BLS revisions that erased roughly 900,000 jobs. It examines a wave of retail store closures—including Eddie...