The 10-year Treasury is back above 5%, refinancing pressure is building, and commercial real estate is entering a critical stretch. In Episode 116 of The CRE Weekly Digest, Manus Clancy and Dianne Crocker break down what the week's sharp rate volatility means for borrowers, particularly with nearly $300 billion in multifamily debt coming due in 2026.
Reporting from the CREW Network Convention in Miami, Dianne shares what she's hearing from industry professionals as CRE is about to turn the corner into Q4. The hosts look at where momentum is emerging, from Miami and Chicago to Los Angeles and San Francisco, and why current CMBS data showing more than 95% of multifamily loans reaching maturity are still paying off adds important context to the distress headlines.
Plus, they highlight a Raleigh multifamily deal that fell from a $101 million purchase price to a $65 million resolution, examine contrasting office deals across the country, and ask what today's pricing resets could mean for investors with dry powder. The market is under pressure, but the opportunities and risks depend heavily on where you look in a market that is becoming increasingly hyperlocal.
00:00 The 10-Year Treasury Breaks Above 5%
03:03 CRE Triage and the Refinancing Squeeze
06:47 Multifamily Debt and the Distress Debate
11:25 CREW Convention: A Hyper-Local Market Takes Shape
16:18 Insurance, Climate Risk and Rising CRE Costs
18:35 Data Dive: Miami CRE Momentum
23:03 CMBS Payoffs Put Multifamily Risk in Perspective
25:23 Distressed Multifamily and the Good, Bad and Ugly of Office
Have questions for the pod team? Send them to Podcast@LightBoxRE.com
