Keep pulling the thread on Jerome Powell.
Commercial Real Estate (CRE) CLO issuance increased from approximately $8.6-$8.7 billion in recent years to over $30 billion in 2025.
Lonnie Hendry predicts that Walmart will directly challenge Amazon in the e-commerce sector within the next couple of years.
CMBS issuance exceeded $100 billion in both 2024 and 2025.
Stephen Bushbaum predicts that CMBS issuance could exceed $130 billion in 2026.
Lonnie Hendry predicts CMBS issuance will be approximately $130 billion in 2026.
Stephen Bushbaum predicts that in 2026 the commercial real estate market will continue its "measured momentum," avoiding extremes but with increased selectivity.
Stephen Bushbaum predicts that the gap between financeable commercial real estate and all other properties will widen in 2026.
Stephen Bushbaum predicts an increase in "jingle mail" in 2026, where commercial real estate borrowers will hand keys back to lenders for properties with significant capital stack problems.
Lonnie Hendry predicts that in 2026, the private debt market will become more aggressive in pursuing "loan-to-own" strategies on distressed commercial real estate properties.
Stephen Bushbaum believes the market preference in commercial real estate lending will continue to favor five-year debt over ten-year debt in 2026.
Stephen Bushbaum predicts that Federal Reserve Chair Jerome Powell will not step down early from his position before the mid-year 2026 replacement, due to his commitment to an independent Federal Reserve.
Jim Beam has halted production at its main Kentucky distillery, citing the negative impact of tariffs on profitability.