US Real Estate Distress, Market Comparisons, and Global Expansion Trends
In this episode, Steve Hamoen begins by introducing the current distress in the US commercial real estate market, examining the factors contributing to these challenges. He compares the commercial real estate landscapes of the US and Ontario, Canada, providing insights into their respective dynamics. The episode delves into Deutsche Pfandbriefbank AG's exit from the US market and the emerging concerns over shadow lending. Steve discusses the rise of outdoor advertising and its implications for market sustainability in commercial real estate. He highlights Greycoat Real Estate's expansion into the French market and Schostak Brothers & Company's recent acquisition in Cincinnati. Steve wraps up with closing remarks, summarizing the episode's insights.
Key Points
- The total distress in United States commercial real estate has exceeded 116 billion dollars, driven by higher borrowing costs and the shift towards work-from-home models.
- Outdoor advertising is evolving into a core vertical in commercial real estate business strategies, adding significant value to mixed-use destinations.
- Nick Millican's leadership at Greycoat emphasizes sustainability and strategic foresight, positioning the company to capitalize on the growing demand for eco-friendly, high-quality commercial properties.
Chapters
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Transcript
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