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

In this week’s episode of The TreppWire Podcast, we examine the Fed's latest signals on interest rates, covering the evolving inflation landscape and newly proposed bank capital requirements that could reshape CRE lending. We review Walmart's lower-than-expected 2026 fiscal guidance and potential impacts of tariffs on retail spending. We explore DOGE's aggressive push on government lease terminations and analyze GSA data showing over 2.3 million square feet of terminated space. We dive into several notable special servicing transfers for office and lodging and an office value reduction. We also discuss CMBS maturities and issuance in 2025 and recent retail store closures. Tune in now.

 

Episode Notes

- Economic Update (1:25)

- Walmart Earnings & Retail Outlook (3:59)

- GSA Lease Developments & DOGE’s Aggressive Push (7:59)

- Trepp Connect (in NYC) Conference (16:30)

- CMBS Maturities & Issuance in 2025 Report (20:04)

- Office Trading Alerts: Chicago & Philadelphia Loans Transferred to Special Servicing, & Another Chicago Loan Reappraisal (30:59)

- Lodging Trading Alert: Midtown Manhattan Loan Transferred to Special Servicing (39:48)

- Retail Updates & Forever 21 Store Closures (41:37)

- Programming Notes (44:45) 

-Shoutouts (46:16)

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