319. Liberation or Uncertainty? Tariff News, CMBS Delinquencies Back Up, & CRE CLO Issuance

In this week's episode of The TreppWire Podcast, we cover Liberation Day's tariff announcements, the impact of DOGE on unemployment from the JOLTS report, and other key economic data. We explore the ripple effects of tariffs on thecommercial real estate supply chain, with headlines like Microsoft's global data center pullback and SimonCRE’s ambitious retail expansion. We share Trepp’s March 2025 CMBS delinquency numbers ticking back up, breaking it down by property type, and discuss TPG RE Finance Trust closing a $1.1 billion CRE CLO deal along with Trepp's data. We end with notable property stories, including recent office transactions, loans entering special servicing, and industrial deals in Florida and Washington. Tune in now. This episode is sponsored by ⁠BetterPitch⁠.Episode Notes: Economic Update (0:28)Microsoft Pulling Back on Data Centers (15:36)SimonCRE Investing in Retail (19:44)March 2025 CMBS Delinquency Rates (22:27)TPG RE Finance Trust $1.1B CRE CLO (27:11)Hudson Pacific CMBS Deal (34:04)Apollo Moving Non-HQ Manhattan Offices (35:21)Industrial Acquisitions in Florida and Washington (41:11)Programming Notes (43:34)Shoutouts (46:43)Please take our listener feedbacksurvey: www.surveymonkey.com/r/BMPXLHG  Questions or comments? Contact usat [email protected].  Follow Trepp: X: www.x.com/TreppWireLinkedIn: www.linkedin.com/company/trepp