302. Taxes, Transactions, 2025 Themes: Wildfire Tax Relief, Sales Transactions, & CREFC Takeaways
In this episode of The TreppWire Podcast, we review the themes, discussions and key takeaways from CRE Finance Council (CREFC)’s January 2025 conference. We also analyze the latest economic data including the increase in both the Consumer Price Index and the Producer Price Index, the rise in jobless claims and the pickup in economic activity reported by the Fed’s Beige Book. We review the bank earnings reported on the 15th, discuss the California wildfires and real estate taxes, and Local Law 97 in NYC. We then go over two trading alerts about special servicing transfers and review some notable multifamily, office, retail and industrial sales transactions. Tune in now. Episode Notes: - CREFC January 2025 Conference themes & takeaways (1:14) - Last week's Jobs Report (5:28) - Bank earnings reports – JPMorgan, Wells Fargo, Citigroup & Bank of America (14:52) - California Wildfires, Real Estate Taxes & Local Law 97 in NYC (20:11) - Self-storage trading alert: Self-Storage Portfolio SASB Loan Enters Special Servicing, Appraised Value Cut (32:17) - Lodging trading alert: Montauk Lodging Loan Heads to Special Servicing (34:57) - Sales transactions: Multifamily in NC, Office in NYC, DC & CA, Retail in MI, and Industrial in AZ, NJ & IL (38:30) - Programing Notes (47:24) - Shoutouts (48:19) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: X: www.x.com/TreppWire LinkedIn: www.linkedin.com/company/trepp