Lots More on the Big Can Kick in Commercial Real Estate
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 22 March 2024
⏱️ 26 minutes
🧾️ Download transcript
Summary
Last year, we spoke with Rich Hill, head of real estate strategy and research at Cohen & Steers, about where stress was building in the $20 trillion market for commercial real estate. Fast forward to today and the doomsday scenario in commercial real estate just hasn't played out like a lot of people thought it would. Defaults have increased, but they aren't disastrous. And some measures of CRE have even been rallying in recent months. So what's driving this surprising resilience? Hill sees it as a 'prisoner's dilemma' where lenders and borrowers have agreed to amend and extend loans in order to both benefit and buy some time. But how long can that continue? And what does the CRE market need to see in order to mount a durable recovery?
See omnystudio.com/listener for privacy information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Financial Services firms are choosing between build and buy for Gen AI in the tax function. |
| 0:05.8 | Here are some thoughts from EY and real-time insights. |
| 0:09.2 | I think the biggest question for our clients is a build versus by conversation is as we talked about |
| 0:13.4 | there's going to be a need to up scale that cost money there's a need for tax |
| 0:15.9 | talent that's hard to find in the marketplace and technology budgets restrained |
| 0:19.0 | everywhere and so our clients have to decide are they going to go it alone to build |
| 0:21.9 | tax models or they're going to go it alone to build tax models or |
| 0:22.8 | they're going to leave it on a third-party provider that has scale and |
| 0:24.9 | investment to leverage that investment going forward. Learn more at EY.com. |
| 0:30.0 | Hi everyone I'm Paul Lanka and I'm Skip Bronson and what happens when two old friends take their decades of experience in the business and entertainment roles and sit down with our buddies. |
| 0:42.8 | You get Our Way, a brand new show from My Heart Podcast where we chop it up with our |
| 0:47.3 | palace about everything under the sun. |
| 0:49.9 | This is our podcast and we're going to do it our way. |
| 0:53.6 | Listen to our way on the I Heart Radio app, Apple Podcasts, |
| 0:57.4 | or wherever you get your podcast. |
| 1:00.1 | Bloomberg Audio Studios. |
| 1:05.0 | Podcasts, Radio News. |
| 1:10.0 | You know, one of the things that kind of surprised me is there was all that concern about commercial real estate and specifically office buildings |
| 1:16.8 | Yeah, and instead we've see it feels like we've seen more stress in the multifamily stress space |
| 1:21.8 | Yeah, that's a good point. |
| 1:24.0 | I don't know, like I'm still worried |
| 1:25.0 | because I still see these numbers, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Bloomberg, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Bloomberg and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.