As much of the U.S. stays frozen, the Fed also kept rates on ice this week. In this week’s episode of The TreppWire Podcast, we break down the decision and what a shifting policy landscape could mean as Chair Powell’s term winds down. In multifamily, we share insights from the National Multifamily Housing Council conference, including a closer look at disciplined JV equity underwriting and the bridge-to-bridge lending trend fueling CRE CLO issuance. We also apply the Gordon Growth Model to San Francisco’s 3,165-unit Park Merced complex to unpack valuation dynamics and cash flow trends. Plus, we cover the co-working market’s resurgence, the halt of the $16 billion Hudson Tunnel project, Amazon’s closure of Fresh and Go stores, Fat Brands’ Chapter 11 filing, and recent multifamily transactions, including NBA star Giannis expanding his CRE portfolio with a Chicago apartment purchase. Tune in now.Episode notes: • Economic Update (1:40)• Fed Holds Rates Steady (4:11)• Multifamily Insights & Cap Rates (9:00)• Bridge to Bridge Lending & CRE CLO Issuance (19:34)• Park Merced Case Study: Gordon Growth Model Valuation Analysis (21:25)• $16 Billion Hudson Tunnel Project Halted (28:17)• Co-Working Market Roars Back to Life (31:17)• Retail Closures: Amazon Fresh/Go & Fat Brands Bankruptcy (36:03)• Multifamily Transactions: Giannis' Chicago Buy & Arizona Deal (39:55)• Programming Notes (44:10)• Shoutouts (47:12)Questions or comments? Contact us at [email protected]. Follow Trepp: X: www.x.com/TreppWire LinkedIn: www.linkedin.com/company/trepp

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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