358. Beige Book Insights, CMBS Lending Leaders, Data Center Risks, Walmart’s AI Move & NYC’s Office Comeback
Description
In this week’s episode of The TreppWire Podcast, we unpack the ripple effects of the government shutdown and discuss how the Beige Book has gained importance amid the economic data drought. We highlight Trepp’s projection of over $123 billion in private-label CMBS issuance for 2025 and preview our September CMBS Special Servicing report, where the rate climbed to 10.65%—the highest since May 2013. We break down Q3 earnings from major banks and do a “Digging Through the Data” segment on the top CRE lenders of 2025. We also explore national security concerns tied to concentrated data center cluster and examine Walmart’s integration with ChatGPT, a move that could reshape how consumers interact with AI. In our CRE roundup, we spotlight NYC’s leasing boom - now at a 19-year high - and discuss SL Green’s acquisition of Park Avenue Tower. Tune in now.
Episode notes:
- Economic Update: Government Shutdown & Beige Book (0:42 )
- CMBS Issuance: Trepp Projecting $123B (15:13 )
- Most Active CRE Lenders of 2025 (17:44 )
- September Special Servicing Report (21:15 )
- Data Center Clusters & Security (22:55 )
- Walmart ChatGPT Integration (28:47 )
- CBRE NYC Leasing Report (38:08 )
- SL Green Purchasing Park Avenue Tower (40:49 )
- Programming Notes (42:58 )
- Shoutouts (44:25 )
Questions or comments? Contact us at podcast@trepp.com.
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