Deal Junkie — Dec 2, 2025

In episode 196, Michael kicks off with an introduction and an outline of the topics for the day. He provides an overview of the current financing and market conditions, setting the stage for a deep dive into commercial real estate pricing trends and transaction volumes. The discussion then shifts to the recovery of investment-grade assets and updates on the lending market. Michael examines the distress in the office sector alongside the recovery in retail and hospitality. A regional focus highlights the San Francisco office market, exploring recent deals and market dynamics. Michael concludes the episode with closing remarks and a call to action, equipping listeners with insights to navigate the evolving commercial real estate landscape.