In today's episode, Willy welcomes Richard Baker. Baker is currently the governor, CEO, and executive chairman of Hudson’s Bay Company (HBC), and is also the owner of National Realty and Development Corp (NRDC). In 2006, he acquired Lord & Taylor for $1.2 billion and served as its Chairman. He purchased Hudson’s Bay in 2006 and took the company public in 2012, getting it listed on the Toronto Stock Exchange. The show starts with Richard emphasizing that “We’re all born with what we’re born with,” pointing out his innate ability to see things differently from a young age and his drive to go a different route. He believes that we need to maximize our strengths to build our self-confidence. Having studied hospitality at Cornell University, he thinks hospitality applies to all fields. As a natural people-pleaser, he aimed to change how real estate developers do business by focusing on customer service. Although his plans to acquire Toys R’ Us fell through, he created NRDC. Being in the game got him the Lord & Taylor acquisition. “If you’re always hanging out by the hoop and playing the game, then you’ll make your share of baskets,” he says. He states that “We’re not investors, we’re value creators,” using intellectual leverage as a tool. The financial crisis only led him to pivot and maneuver in the right direction. Richard spotted an opportunity in Canada to turn it into a credit landscape, buying Hudson’s Bay despite initial detractors. Richard believes that great companies have a great culture steeped into their DNA. The only way for large-scale businesses to function is to create a culture, nourish an existing one, or replace a bad one. Success means that everyone in the organization understands the big plan. With the popularity of online retail, Richard believes that brick-and-mortar stores will only go broke if they don’t play their cards right. He has always focused on delivering spectacular products, treating associates with respect, teaching them how to be promising entrepreneurs, and nourishing their partners. For the next two years, he foresees more consumers spending more money, especially on on-sale items. He aims to continue to find out how to manage his assets and marketing to acquire more market share. Tune in to this new episode of the Walker Webcast — Playing the Real Estate Game with Richard Baker, Governor, CEO, and Executive Chairman of Hudson’s Bay Company. ▶️ Key Points In The Webcast: 00:51 Willy welcomes Richard Baker 01:51 Thinking differently in childhood 04:16 Entrepreneurial spark and real estate 07:01 Hospitality is in all fields 11:52 Becoming an operating company runner 16:10 How to catch business opportunities 18:25 Buying Hudson’s Bay 21:53 What makes companies great 25:28 Company culture determines success 28:15 Acquiring Saks 31:43 Why splitting businesses works 34:23 Sustaining retail long-term 39:31 A good time for shared workspaces 41:36 Moving from traditional to forward-looking retail 43:01 Mental health as a priority 46:50 Retail outlook in 2023-2024 and Sir Elton John GET NOTIFIED about upcoming shows: » Subscribe to our YouTube channel here: / @walkerdunlop » See upcoming guests on the #WalkerWebcast here: https://www.walkerdunlop.com/webcasts/ Related webcasts: Tune in on Wednesdays for fresh perspectives about leadership, business, the economy, commercial real estate, and more! #WillyWalker hosts a diverse network of leaders as they share the wisdom that cuts across industry lines.

In today's episode, Willy welcomes Kris Mikkelsen, Ivy Zelman, and Aaron Appel. Kris Mikkelsen is the Executive Vice President of Walker & Dunlop Investment Sales and is responsible for the origination and execution of investment sales and equity capital raise for multifamily assets focusing on the Southeastern markets. Ivy Zelman is the Executive Vice President of Walker & Dunlop Research and Securities. She is also the CEO of Zelman & Associates, a leading housing research and investment banking firm acquired by Walker & Dunlop in 2021. Aaron Appel is the Senior Managing Director of Capital Markets at Walker & Dunlop. He focuses on sourcing and structuring financing for all commercial real estate asset classes nationally. The episode starts with Ivy stating that the overall underwriting has significantly changed in terms of stringency and more conservative rent assumptions due to the uncertainty of capital cost. Kris explains that negative sentiment shows across the board because of the low supply index. A hawkish stance remains unless employment figures hike up. Core plus value-add multifamily assets have liquidity but cost more, according to Aaron. If borrowing costs increase substantially, less is needed to pay for the asset. Talking about his recent bridge loan, Aaron mentioned a good spread for the lender in loan value versus loan amount. Ivy adds that overall rent growth is holding up at levels of renewal basis; however, renewals will be stickier. Her forecast for rent growth is above 4.5% and moderation to 2%. The data is much more optimistic compared to new move-in rates. She also describes how more competition, such as in the supply from build-for-rent (BFR) operators or investors selling single-family rentals (SFR), is expected in 2023 and puts more pressure on decelerating rents. Affordability is also a factor for for-sale builders to turn to the rental market and sell units on a scattered basis. Tune in to this new episode of the Walker Webcast — State of CRE with Kris Mikkelsen, Ivy Zelman, and Aaron Appel. ▶️ Key Points In The Webcast: 00:35 Willy welcomes Ivy Zelman, Kris Mikkelsen, and Aaron Appel 02:34 State of capital and underwriting 07:37 Financing and a bridge loan 10:06 Rent growth, competition, and move-in rates 15:52 Challenges in construction loans 17:17 Anecdotes on the challenges and a probable cause 23:51 Private capital, BREIT, and inflation 29:04 Possible relief of inflationary pressures 32:57 A leeway for certain markets 37:20 The biggest issue in the financial system 39:10 Mortgage and low leverage 41:22 SFR/BFR and a hopeful forecast 44:35 Land development 46:04 What smart money is doing now GET NOTIFIED about upcoming shows: » Subscribe to our YouTube channel here: / @walkerdunlop » See upcoming guests on the #WalkerWebcast here: https://www.walkerdunlop.com/webcasts/ Related webcasts: Tune in on Wednesdays for fresh perspectives about leadership, business, the economy, commercial real estate, and more! #WillyWalker hosts a diverse network of leaders as they share the wisdom that cuts across industry lines.

In today's episode, Willy welcomes Bobby Turner. He is the CEO and Principal of Turner Impact and has established himself as a pioneer in social impact investing. A graduate of the Wharton School at the University of Pennsylvania, he is the former Chairman, CEO, and Co-Founding Partner of Canyon Capital Realty Advisors and has committed to offering reasonable financial returns for investors and developing opportunities for underserved communities. Tune in to this new episode of the Walker Webcast — Social Impact Investing with Bobby Turner of Turner Impact. ▶️ Key Points In The Webcast: 01:40 Significance of sports in business 02:46 Reigniting the American dream 07:00 Privilege and the Canyon Johnson Urban Fund 14:48 Operating in underserved communities 18:18 Balancing purpose and profit 20:01 Turner Impact and social impact investing 24:38 ESG and active investing 27:12 Educating ignorance 28:39 Value investing 31:36 Competition and housing 35:42 Creating a sense of community 38:07 Consistency in doing good 40:33 Protecting America’s investments GET NOTIFIED about upcoming shows: » Subscribe to our YouTube channel here: / @walkerdunlop » See upcoming guests on the #WalkerWebcast here: https://www.walkerdunlop.com/webcasts/ Related webcasts: Tune in on Wednesdays for fresh perspectives about leadership, business, the economy, commercial real estate, and more! #WillyWalker hosts a diverse network of leaders as they share the wisdom that cuts across industry lines.

In today's episode, Willy welcomes Dr. Peter Linneman. He is the principal of Linneman Associates, KL, Realty, and American Land Fund. He is cited as one of the 25 Most Influential People in Real Estate by Realtor Magazine and one of the 100 Most Powerful People in New York Real estate by the New York Observer. He is a highly sought-after speaker and author with his quarterly research, The Linneman Letter. Willy begins by citing a quote from The Linneman Letter, “​​The increases in interest rates to date will enhance economic growth, not cause a recession.” Dr. Linneman says, “of course.” He mentions that valuable things shouldn’t have zero price if the goal is maximizing resource efficiency. Interest rates going up to a certain point give a better signal of where money should flow. And that will enhance economic output. It is not where interest rates are; it’s the journey. He compares the journey to a Thanksgiving visit at Grandma’s, “It’s not perfect. There’s tension, but it’s generally pleasant.” Tune in to this new episode of the Walker Webcast — The Most Insightful Hour In CRE with Dr. Peter Linneman, Leading Economist, Professor Emeritus, The Wharton School of Business. ▶️ Key Points In The Webcast: 01:27 Willy revisits last year’s economic situation 04:58 Dr. Linneman’s insights on where it’s headed 11:48 Why markets are pessimistic 14:22 Misconceptions about the current GDP 17:49 Fear triggering a recession 19:47 Single-family housing and inflation 26:23 Multifamily cap rates 29:14 The future of capital and why sell multifamily 32:12 Avoiding shiny objects 37:31 Opportunities for lenders and why people are building 40:58 Returning to the office and the illusion of productivity 48:37 Earnings vs technology 46:32 Fuel prices and senior housing 56:05 Being optimistic about where we stand 59:55 Hiring in today’s world GET NOTIFIED about upcoming shows: » Subscribe to our YouTube channel here: / @walkerdunlop » See upcoming guests on the #WalkerWebcast here: https://www.walkerdunlop.com/webcasts/ Related webcasts: Tune in on Wednesdays for fresh perspectives about leadership, business, the economy, commercial real estate, and more! #WillyWalker hosts a diverse network of leaders as they share the wisdom that cuts across industry lines.

In today's episode, Willy Walker, Chairman, and CEO of Walker & Dunlop, gives the opening remarks at the Walker & Dunlop Summer Conference 2022 in Sun Valley, Idaho. The presentation starts with Willy thanking his team for successfully organizing this yearly event. He opens with a disclaimer, informing the audience that he will share opinions about politics. He compares the current state of the world to a "three-headed animal," with inflation rates, the war in Ukraine, and a massive political divide filling in news headlines. He says it is worth remembering that we are in a better place than we were two years ago. The US economy has improved, which Willy calls on for resolving supply chain issues and controlling rising rates. He states that cable television and the money behind it is what's driving the political divide. Les Moonves once said, "Trump may not be good for the United States, but he is good for CBS." He cites the significance of former governor Bill Haslam's insights on looking for solutions in governance: "Getting to the right answer is more important than our answer." With hordes of angry commentators and extreme supporters, Willy believes that more complex and nuanced solutions are what we truly need to solve issues. He retells his experience responding to a tweet about the Supreme Court's decision regarding the Brett Kavanaugh case, arguing that the ones who never contemplated their votes are the real problem, not the individuals who struggled with their decision made a hard call. He says that the middle is the place where we have to be to be able to "pull everyone together and start to find solutions." He fears that the divisiveness of US politics will only get worse. Tune in to this new episode of the Walker Webcast — Summer Conference Opening Remarks with Willy Walker. ▶️ Key Points In The Webcast: 00:00 Willy's Introduction 02:17 The global state 03:40 The US political divide and finding middle ground 11:02 Inflation and why rising debt can be a good sign 15:47 Unexpected crises and Willy’s election predictions 21:17 The significance of oil in conflict 23:16 Issues in housing and working on-site as a recruitment factor 27:42 Investing in tech, the Metaverse, and a scary future 32:01 Housing supply as a solution 33:55 Fannie and Freddie’s market control and asset classes 36:55 Taking advantage of opportunities and creating communities 41:44 The call for young leaders and vulnerability 46:32 The factors for a happy life 48:07 Modifying thoughts and a point on climate change 52:49 Willy’s closing message GET NOTIFIED about upcoming shows: » Subscribe to our YouTube channel here: / @walkerdunlop » See upcoming guests on the #WalkerWebcast here: https://www.walkerdunlop.com/webcasts/ Related webcasts: Tune in on Wednesdays for fresh perspectives about leadership, business, the economy, commercial real estate, and more! #WillyWalker hosts a diverse network of leaders as they share the wisdom that cuts across industry lines.

In today’s episode, Willy welcomes Peter Linneman. He is the principal of Linneman Associates, KL, Realty, and American Land Fund. Having been a member of the Wharton School of Business’s faculty at the University of Pennsylvania for 32 years, he is the Albert Sussman Emeritus Professor of Real Estate, Finance, and Business Public Policy and is the co-founding editor of The Wharton Real Estate Review, publishing 80 articles. He is cited as one of the 25 Most Influential People in Real Estate by Realtor Magazine and one of the 100 Most Powerful People in New York Real estate by the New York Observer. He is a highly sought-after speaker and author, with his quarterly research, The Linneman Letter, the most respected publication in real estate for the past 11 years. The Walker Webcast begins with Peter emphasizing inflation is transitory with supply lagging demand due to 23% of the workforce collecting unemployment insurance. Also, industrial output is only 3% in Q1. Expanding output would be profitable, but most companies are not following through. Oil prices would normalize when production increases. The US remains the largest producer of oil in the world, and the situation of $260 a barrel is unlikely because supply is predicted to adjust. Besides, the US exports weapons and food, which Southeast Asian countries will highly favor due to tensions with China. Peter advises giving the supply 3-4 years of adjustment. The Federal Reserve System would not have control over long-term interest rates as $5 trillion in cash is set aside. He describes how debt should not be the main concern but “getting your money’s worth” and continues to say how federal debt is largely misunderstood. The higher the debt is, the bigger the political problems are because debt is owed by US citizens individually, not the state. Tune in to this new episode of the Walker Webcast — The Best Hour in CRE with Peter Linneman, Leading Economist, Former Wharton Professor. ▶️ Key Points In The Webcast: 00:00 Introduction 00:35 Willy welcomes Peter Linneman 03:21 Inflation is transitory, and supply lags demand 08:02 Decrease in oil prices due to supply adjustment 10:33 The US posed to export more weapons, oil, and food 14:21 Why the Fed has no control over long-term interest rates 20:19 Peter’s opinion on national debt concerns 26:13 Significant growth exists despite COVID-19 32:06 Stress tests and fear holding banks back from lending 34:33 Lowering debt to cope with interest 38:14 The strength of the US dollar 41:20 Returning to office and productivity vs. profit 45:29 Generation gap and what inflation means on real estate 49:45 The trend of moving to coastal gateway cities 52:57 The economic state under Joe Biden GET NOTIFIED about upcoming shows: » Subscribe to our YouTube channel here: / @walkerdunlop » See upcoming guests on the #WalkerWebcast here: https://www.walkerdunlop.com/webcasts/ Related webcasts: Tune in on Wednesdays for fresh perspectives about leadership, business, the economy, commercial real estate, and more! #WillyWalker hosts a diverse network of leaders as they share the wisdom that cuts across industry lines.

In today’s episode, Willy welcomes Lotfi Karoui. Lotfi joined Goldman Sachs in 2007 and was promoted to managing director in 2015. Currently, he is the Chief Credit Strategist and head of the Credit Research Group at Goldman Sachs, one of the world’s leading investment banking, securities, and management firms. His research covers a wide span of topics, including income markets, interest rate models, and macro-finance. His work is published in various academic journals, including the Journal of Financial Economics, Management Science, the Journal of Derivatives, and the Journal of Economic Dynamics and Control. To start, Willy asks Lotfi about Paul Tudor Jones’ opinion in a recent CNBC interview, in which he stated, “You don’t want to be in bonds or stocks right now. I can’t think of a worse macro-environment….” Lotfi points out the paradigm shift of the newfound ability for investors to park their cash, decreasing the urgency of putting money in bonds and stocks. The built-up risk premium also becomes a factor, citing widened corporate bond spreads as an example. Lotfi continues to explain that “anything that has a little bit of duration risk has probably its worst start ever,” encompassing investment-grade and treasury bonds. The terminal value of the fed funds rate is set to peak at 3%, which coincides with Goldman Sachs view of the ideal target to dip one’s toes into bonds. Lotfi noticed a significant trend in the past five economic declines: The slope of the yield curve has done a fantastic job at predicting future recessions. However, he enumerates two caveats – correlation is not entirely causation, and the current cycle has proven to be more nuanced since the onset of the Great Moderation in the early eighties. He also emphasizes the imbalance in the labor market, with the federal government slowing down the economy without pressuring businesses to lay off employees. He presents his definition of a soft landing in terms of the ongoing inflation and status of the employment market and rates – the slowing down of the economy below potential while avoiding recession that causes companies to overreact. He states that the odds of a recession happening over the next two years are 35%. Tune in to this episode of the Walker Webcast — State of the Credit Market with Lotfi Karoui, Chief Credit Strategist at Goldman Sachs. Key Points In The Webcast: 00:00 Introduction 00:14 Willy welcomes Lotfi Karoui, Chief Credit Strategist at Goldman Sachs to the show 02:35 The paradigm shift in bonds, stocks, and more risk premium 04:47 Lotfi’s perspective on Jeffrey Gundlach’s opinion on treasury and investment-grade bonds 07:14 How the slope of the yield curve predicts recessions and the imbalance in the labor market 19:30 The stability of the energy industry in handling shocks in the US vs. Europe 21:35 The disconnect between the credit cycle and the business cycle 37:47 Lotfi’s predictions on the current dramatic shift in investments 42:32 The slowdown in globalization and the change to regionalization 48:25 The development of ESG fixed income 51:15 Lotfi’s credit market forecast GET NOTIFIED about upcoming shows: » Subscribe to our YouTube channel here: / @walkerdunlop » See upcoming guests on the #WalkerWebcast here: https://www.walkerdunlop.com/webcasts/ RELATED WEBCASTS: Tune in on Wednesdays for fresh perspectives about leadership, business, the economy, commercial real estate, and more!

Power is in the hands of the ones with cash – that’s the general prediction of the corporate real estate market moving forward post-pandemic. With multi-family companies throwing money at more rental housing and inflation numbers at an all-time high, the future is uncertain as consumers struggle to afford a place to live. Research and Securities Executive VP Ivy Zelman, Investment and Sales Executive VP Kris Mikkelsen, Capital Markets Senior Managing Director Aaron Appel join Willy Walker on this week’s Walker Webcast as they dissect the current condition of the corporate real estate industry, why money is king, the probability of a soft landing versus a hard landing, and their thoughts on the best areas to invest in right now. Ivy Zelman sheds light on how rentals are unsustainable as more capital is flowing into the space, and a backlog of properties without leases exists. She also points out the disconnect between buyers’ willingness to pay and sellers’ expectations. Kris Mikkelsen lays out where he would put on his dollars – capital assets where rates can be reset and capital in markets with strong growth fundamentals and low risk. He emphasizes a lower leverage point and the ever-changing cost of homeownership in the past three months. Aaron Appel believes the future of CRE isn’t completely bleak, as time and time again, we’ve witnessed the market adjusting when there’s enough distress. But with the country’s escalating debt, inflation comes as a result of working to overcome it. Tune in to this new episode of the Walker Webcast — CRE State of the Union with Ivy Zelman, Kris Mikkelsen, and Aaron Appel. ▶️ Key Points In The Webcast: 00:00 Introduction 00:19 Welcome Ivy, Kris, and Aaron! 06:55 Aaron Appel explains the strength of multifamily and industrial assets and the status of borrowing costs and treasury rates 12:15 Aaron’s optimistic prediction of the financial markets 15:12 Ivy Zelman tells the effects of inflation and labor constraints on real estate consumers 17:47 The instability in constructing rental housing 20:49 The disconnect between seller expectations and buyer spending 22:03 Kris Mikkelsen’s advice on what to buy, the current weaknesses of the market, and the three factors affecting rates 27:22 The shift in lower cap rate deals 30:04 How the increased rates mean more rent growth 32:04 Ivy describes why people are reconsidering investors and the returns they’re getting 36:48 The burden investors have to carry and the unseen velocity of turnovers 40:55 Aaron presents a real-world example of inflation and proves the existence of a “hard landing” 46:11 Government support for renters and the pressure to deliver monetized projects 51:23 The possible effects of constructing housing without any renters or buyers 55:02 The difficulties in financing an office building 57:54 The changes in the urban hospitality market post-pandemic 01:00:30 Early innings of foreign capital chasing multifamily assets 01:02:10 Where Ivy, Kris, and Aaron would put their hundred million dollars right now GET NOTIFIED about upcoming shows: » Subscribe to our YouTube channel here: / @walkerdunlop » See upcoming guests on the #WalkerWebcast here: https://www.walkerdunlop.com/webcasts/ RELATED WEBCASTS: Tune in on Wednesdays for fresh perspectives about leadership, business, the economy, commercial real estate, and more! #WillyWalker hosts a diverse network of leaders as they share wisdom that cuts across industry lines.

There’s never been a better time for women leaders than now. That’s what Mary Callahan Erdoes believes as the opportunity for remote and online work has provided the flexibility for family time and career growth. As the CEO of J.P. Morgan’s Asset and Wealth Management, she has brought one of the largest and most reliable investment banks to $4 trillion in client assets. Philanthropy is also close to her heart as she serves as a board member of New York City’s Robin Hood Foundation. Mary Callahan Erdoes joins Willy Walker on this week’s Walker Webcast as she gives her two cents on the unpredictability of the global market, her advice on investing in cryptocurrency, how more competition keeps the economy booming, and her close working ties with CEO Jamie Dimon. She emphasizes appreciating and recognizing both one’s milestones and empty tombstones – as any downturn is a chance to reevaluate methods and strategies. This optimistic outlook has set J.P. Morgan to be ready in handling any catastrophic situation. “Our job is to always prepare for the worst and hope for the best,” she adds. “If you do it the other way around, you’re going to get yourself in big trouble. That’s how we’re wired.” Diversity and inclusion have always been a priority for Mary Callahan Erdoes. J.P. Morgan’s efforts in investing in low-income housing and more poverty-stricken areas and opening doors to recruiting a wide slate of talent prove their stance on making a bigger difference in today’s work culture and society. Tune in to this new episode of the Walker Webcast — How to Manage $4 Trillion with Mary Callahan Erdoes, J.P. Morgan Asset & Wealth Management CEO. ▶️ Key Points In The Webcast: 00:00 Welcome to the show, Mary Callahan Erdoes! 02:22 The underlying sentiments about the global market 05:52 Mary’s hopeful outlook on the recent surge of worldwide issues 10:13 The unpredictability of drastically higher rates and volatile markets 13:12 J.P. Morgan’s efforts in sustainable and environmentally-friendly construction 16:08 How J.P. Morgan plans to tackle the Russia crisis 19:22 The “don’t do nothing” strategy contributing to JP Morgan’s $3 trillion-growth 24:13 Dispersion of returns and varied portfolios 26:32 Measuring success through asset retention 30:09 J.P. Morgan’s one-team approach 31:35 The importance of competition in the market 34:53 Capitalization and the future investment conversation 37:21 Mary’s viewpoint on increased capital in the non-bank sector 42:25 J.P. Morgan’s stance on cryptocurrency 44:36 J.P. Morgan’s initiatives on diversity and inclusion 48:25 The digital age becoming more women-inclusive for leadership roles 53:41 Mary’s main takeaways from working with Jamie Dimon, American Billionaire Businessman and Banker GET NOTIFIED about upcoming shows: » Subscribe to our YouTube channel here: / @walkerdunlop » See upcoming guests on the #WalkerWebcast here: https://www.walkerdunlop.com/webcasts/ RELATED WEBCASTS: Tune in on Wednesdays for fresh perspectives about leadership, business, the economy, commercial real estate, and more! #WillyWalker hosts a diverse network of leaders as they share wisdom that cuts across industry lines.

Leading Economist and former Wharton Professor Dr. Peter Linneman is optimistic about the U.S. economy, although not every moment. With a divided Congress, the war in Ukraine, rising interest rates, and skyrocketing oil prices amid an ongoing pandemic, Dr. Linneman shares his quarterly predictions and provides insights to help you understand what's to come. Dr. Linneman presents the most prescient analysis, and he cites that before things got so hard, nobody could have guessed in February 2020 that the GDP could still grow by 3.5%. He considers it staggering and the main point. Dr. Linneman mentions that a devastating variant of the virus can change anything, but the biggest wildcard he considers would stop the left to right upward kind of recovery is price controls. The leading economist adds that looking at the real factors matter. Over two years, real GDP, a crude measure of demand in the economy, has been up 3.5%. Industrial output, a crude measure of industrial goods capacity, is down 1% and employment, a crude measure of service sector supply down 1%, and demand's up 3.5%. Willy and Dr. Linneman cover how to bridge the gap as new government policies create an imbalance between the carbon economy and a green economy, pushing into renewables when there is still the demand for fossil fuels while exploration and refining companies are not investing anymore. Tune in to this new episode of the Walker Webcast — The Best Hour in CRE with Dr. Peter Linneman ▶️ Key Points In The Webcast: 00:00 Introduction 00:22 Willy welcomes Dr. Peter Linneman to the Walker Webcast. 03:20 Happy 55th birthday, Willy! He is optimistic about reaching his 110th, inspired by Dr. Peter Linneman's book The Great Age Reboot, coming out in September. 09:24 Linneman reports that real GDP is 3.5% higher than in February 2020, when the economy was going through the "trials of Job." 11:41 Linneman explains why a year from now, he is hopeful that interest rates will be about where they were in 2019. 17:07 Discover how to take cues from Deutsche Bank research and forecast growth in the next three years. 25:42 Linneman cites that the biggest risks to the recovery are not interest rates, it's not inflation - it's wage and price controls. 26:20 Real factors by the numbers. Over two years, real GDP has been up 3.5%. Industrial output is down 1%. And employment was down by 1%, and demand was up by 3.5%. 27:47 Willy asks Dr. Linneman to explain his point why he would never trade out 1% of GDP growth for 2% inflation. 31:02 Hear about the supply-demand imbalance with exploration companies and the call for renewable energy. 38:35 Why the baseball season and home games per city are going to have a big impact on revitalization. 45:37 See household affordability and projections. Dr. Peter Linneman is known for his unique blend of scholarly rigor and practical business insight that has earned him accolades from around the world. He has studied under multiple Nobel Prize winners, holds both a Master's and Doctorate in Economics after a distinguished academic career at both The University of Chicago and the Wharton School of Business at the University of Pennsylvania, and was a leading member of Wharton's faculty, serving as the Albert Sussman Professor of Real Estate, Finance, and Public Policy for 35 years. GET NOTIFIED about upcoming shows: » Subscribe to our YouTube channel here: / @walkerdunlop » See upcoming guests on the #WalkerWebcast here: https://www.walkerdunlop.com/webcasts/

A special #WalkerWebcast comes your way as big powerhouses come to share a wealth of experience and industry insights combined in the National Multifamily Housing Council (NMHC) Conference! Join this conversation with friends, former chairpersons and incredibly successful entrepreneurs and leaders in the multifamily industry: - Doug Bibby, President of NMHC - Daryl J Carter Founder, Chairman, and CEO of Avanath Capital Management, LLC, a California-based investment firm that specializes in affordable and workforce communities - David Schwartz, CEO, Chairman, and Co-Founder of Waterton, a real estate investment and property management company specializing in multifamily, senior living, and hospitality - Susan Ansel, President and CEO of Gables Residential, a private REIT focused on development, acquisition, and management of multifamily communities Willy Walker engages these industry greats as they share their reflections on NMHC. As a national organization with more than 1,700 members that has been promoting and advocating for the multifamily industry since 2001. Doug Bibby shares that his sole cause in his successful run of the NMHC was putting people in homes. "That was always a motivator for me. We're putting a roof over people's heads, we're not polluting the environment, and we're not doing bad things. We're actually helping people achieve their dreams." Tune in to this new episode of the Walker Webcast — Expert Insights on NMHC and the Multifamily Industry. ▶️ Key Points In The Webcast: [01:31] The secret to Midwesterners’ success in the multifamily industry [01:55] David Schwartz's loyalty to the Midwest [03:19] Doug Bibby explains the beauty and deeper purpose of working at Fannie Mae and CEO David Maxwell’s eye for talent and diversity [06:22]Daryl Carter retells the beginnings of Avanath and Doug Bibby’s influence [08:14] The progression of Waterton in the last 25 years [10:19] Sue’s experience at Gables since 1987 leading up to her current CEO position and her dream to be the General Manager of Chicago Cubs [12:32] Sue encouraging the youth to “get involved” and the career opportunities for women in the NHMC [15:22] Doug’s emphasis on gender as a non-factor on NHMC leadership and effortless chairman transitions due to the team’s continuity [17:41] Daryl describes his work as NHMC chair: a pleasure and a developing closeness [19:45] The perks of the NHMC chair - Daryl and Doug’s golf game with Bill Clinton [20:44] David Schwartz’s main takeaways from Bob Iger’s book [23:18] How Sue established trust as Gables CEO [26:11] Doug’s advice to his successors: expectation-setting, honesty, and proactivity [29:59] The scale of NHMC in comparison to 2001 [31:25] Daryl points out the importance of diversity, the long journey ahead, and providing more opportunities for minorities [35:26] The key to Gables’ positive approach to diversity: meritocracy [39:16] The challenge of producing adequate affordable housing and gathering allies to convince policymakers [42:59] Daryl’s suggestion to administer effective and accurate research on evictions [46:35] Fannie Mae’s focus on affordability and the detrimental effect of conservatorship [52:53] Final words of gratitude for Doug Bibby’s efforts in the industry GET NOTIFIED about upcoming shows: » Subscribe to our YouTube channel here: / @walkerdunlop » See upcoming guests on the #WalkerWebcast here: https://www.walkerdunlop.com/webcasts/

We are on the verge of massive change where innovations in mobile, digital money, and machine learning are changing how we move money and manage our finances. An expert on these technologies is Alex Rampell, who plays a significant role in building the future of financial services. A General Partner at Andreessen Horowitz, Alex also serves on the board of Branch, Brightside, Descript, Divvy, Earnin, FlyHomes, Loft, Mercury, PeerStreet, Point, Propel, Sentilink, Super Evil Mega Corp, Transferwise, and Very Good Security. Alex additionally led the firm's investments in OpenDoor ($OPEN), Plaid, Quantopian (acquired by Robinhood), and Rival (acquired by LiveNation). Prior to joining the firm, Alex co-founded multiple companies, including Affirm ($AFRM), which he co-founded with Max Levchin, FraudEliminator (acquired by McAfee in 2006), Point, TrialPay (acquired by Visa in 2015), TXN (acquired by Envestnest in 2019), and Yub (acquired by Coupons.com in 2013). Join Willy Walker and Alex Rampell on this week's Walker Webcast as they explore the ins and outs of fintech, the right mindset in approaching investments, censorship-resistant technology, lessons from a dental software story, the future of financial services, and so much more. Tune in to this new episode of the Walker Webcast — FinTech and Venture Capital Alex Rampell, General Partner at Andreessen Horowitz. ▶️ Key Points In The Webcast: [00:11] Alex Rampell is welcomed to the show [03:39] Willy invites Alex to share his Andover boarding school experience, how he got to Harvard​, and how he started his software business when students are prohibited from doing so in their dorm room [07:21] Alex shares what he loves about sports [08:45] From being an undergrad to jumping right into entrepreneurship, Alex attributes luck, common sense, and not being afraid to fail as his ingredients for success [12:14] Being a venture capitalist and having empathy for people who are starting businesses [12:41] Learning the ropes about payment processing, going into fintech and starting TrialPay (acquired by Visa in 2015) [17:52] On investing in the Series B round of Coinbase, which was a highly competitive round where numerous firms wanted to support [24:02] Alex shares his view on investing in call options and underscoring a longer-term outlook [27:47] Alex tells his Baby Tiger Woods example and the venture mindset [30:21] Willy Walker explores the operating systems in financial services and how startup companies can break in [35:30] On why the best product doesn't always win, but it's the product that figures out distribution [47:40] Alex explains why we can disentangle crypto from the blockchain GET NOTIFIED about upcoming shows: » Subscribe to our YouTube channel here: / @walkerdunlop » See upcoming guests on the #WalkerWebcast here: https://www.walkerdunlop.com/webcasts/ RELATED WEBCASTS: Tune in on Wednesdays for fresh perspectives about leadership, business, the economy, commercial real estate, and more! #WillyWalker hosts a diverse network of leaders as they share wisdom that cuts across industry lines.

American business leader, bestselling author, and patriotic philanthropist David Rubenstein proves that if you can live your legacy, the greater your impact. In this special episode of the Walker Webcast, David and Willy share the screen to discuss how private is the private equity world, living a legacy and why he thinks he won't ever pick up golf! Willy opens the conversation by introducing David with the remarks of Harvard University's Former President Drew Faust: "David Rubenstein's acumen in finance, his experience both in leading a complex organization and then serving as an institutional trustee, his capacious intellect and global outlook, his devotion to universities and to the arts and culture, and his capacity to inspire generosity in others, all promise to serve the corporation and the university well. He has served on a remarkable range of nonprofit boards, reflecting his equally remarkable span of interests — in higher education, the arts, public policy, medicine, international affairs and American history and culture." Tune in to this new episode of the Walker Webcast — Building The Carlyle Group with David Rubenstein, American Business Leader, Bestselling Author, and Patriotic Philanthropist. ▶️ Key Points In The Webcast: [00:39] Willy welcomes David Rubenstein in this special episode [00:55] Willy shares how he attributes his good interviewing style to watching David interview his guests at the Washington Economic Club and his two shows with Bloomberg Television [1:22] Willy introduces David by reading the remarks of Former Harvard President Drew Faust [2:55] David, on being one of the only two members of the Harvard Corporation not to have gone to Harvard [3:57] Willy cites David's numerous contributions to Duke University and the importance of giving back to one's alma mater [7:05] David shares how he finds the time and energy as co-founder and co-chairman of the private equity firm The Carlyle Group and juggles other interests in higher education, the arts, public policy, medicine, international affairs and American history and culture. [12:53] In his book How to Lead, David outlines LUCK as a common theme from his exceptional interviews with leaders. He comments that his two co-founders of the Carlyle Group were very lucky. [19:43] The Giving Pledge and how it persuades other people to give more to charitable causes [29:49] David expounds on his three rules of money management. #1 Don't lose what you have. #2 Diversify #3 Have realistic expectations about rates of return [49:28] Willy closes the discussion getting David's thoughts of taking up golf as he gets older Learn more about David Rubenstein and connect with him on Twitter: @DM_Rubenstein Grab his newest book, The American Experiment: https://www.amazon.com/American-Exper.... ———————————————————————————————— GET NOTIFIED about upcoming shows: » Subscribe to our YouTube channel here: / @walkerdunlop » See upcoming guests on the #WalkerWebcast here: https://www.walkerdunlop.com/webcasts/ RELATED WEBCASTS: Tune in on Wednesdays for fresh perspectives about leadership, business, the economy, commercial real estate, and more! #WillyWalker hosts a diverse network of leaders as they share wisdom that cuts across industry lines.

How do you get the sales you need in today's ever-evolving landscape? Dr. Frank Cespedes graces the Walker Webcast to drop the essential strategies and techniques that you need to maintain a thriving and game-changing enterprise. Frank's vast experience spans his work with many companies on go-to-market and strategy issues, and he has been a Board member at consumer goods, industrial products, and services firms. He teaches at Harvard Business School while serving as Managing Partner at a professional services firm for 12 years. He is the author of six books, including Aligning Strategy and Sales, which was cited as "the best sales book of the year" (Strategy & Business), "a must-read" (Gartner), and "perhaps the best sales book ever" (Forbes). His newest book is Sales Management That Works: How to Sell in a World That Never Stops Changing. Willy opens the discussion on how the book covers the lessons on how Jack Welch, considered the greatest leader of his era who took GE from a billion dollars to 10 billion a year of yearly profits, had a horse race to decide his successor. Today finding sales talent is still the hard part for companies. The conversation leads to why Frank emphasizes how CEOs should not only set the foundational conditions for business development in their company but never lose their connection with customers. "Once they become CEOs, the rest of the organization conspires to "protect" them against customers. As a result, they're often making decisions based on an obsolete vision of what's really going on out there. And that's been Frank’s experience that when companies fail in terms of tens and hundreds of billions in shareholder value, you just can't point to one person to take the blame. It's a variety of other factors." Tune in to this new episode of the Walker Webcast — Getting The Sales You Need with Dr. Frank Cespedes, Harvard Business School Professor ▶️ Key Ideas: [00:34] Musings from last week's episode with Jim Courier [02:43] Willy Walker welcomes Dr. Frank Cespedes and reads his bio [00:03:51] What to emulate and not from GE's Jack Welch leadership approach [07:22] Missteps and mistakes of Robert Nardelli as former CEO of Home Depot [10:08] Frank cites his two motivations in writing his new book [12:37] Data on why e-commerce is overhyped [15:14] On car dealerships and how people make purchasing decisions [20:56] Value-based pricing & how to seize opportunities to do that in a whole variety of industries [26:51] How can we find good salespeople? [32:39] The cheat sheet to get great talent in today's market [35:29] The evolution of the buying cycle and the resale cycle changing salespeople's skills [43:53] Why online digital media is a deep pockets big company game [48:47] The data in the CRM system is notoriously noisy [56:05] Culture eats strategy for breakfast, lunch and dinner. ———————————————————————————————— GET NOTIFIED about upcoming shows: » Subscribe to our YouTube channel here: / @walkerdunlop » See upcoming guests on the #WalkerWebcast here: https://www.walkerdunlop.com/webcasts/ RELATED WEBCASTS: Tune in on Wednesdays for fresh perspectives about leadership, business, the economy, commercial real estate, and more! #WillyWalker hosts a diverse network of leaders as they share wisdom that cuts across industry lines.

[CLIC] is the only Hotel Conference that focuses on the California Hotel Market and [CLIC] Connect is our official interview show. Joining the conversation today is Naresh (ND) Bhakta, Director AAHOA Greater Los Angeles join the conversation today and this is the last episode of the year, Producer Dani and I will be back in 2024. Happy Holidays.... Please tour our website and sign up for [CLIC] 7 on March 6-7, 2024 at the Westin South Coast Plaza and our Blog at cliconference.com.

[CLIC] is the only Hotel Conference that focuses on the California Hotel Market and [CLIC] Connect is our official interview show. Joining the conversation today is Jason Riederer of AHLA and we are continuing to talk about Ballot Measures & Legislative Items in California. Thank you Jason for taking the time to talk with Producer Dani and I. Red Roof Franchising made this two part Special possible and Thank you.... Please tour our website and sign up for our Blog at cliconference.com.

[CLIC] is the only Hotel Conference that focuses on the California Hotel Market and [CLIC] Connect is our official interview show. Joining the conversation today is Jason Riederer of AHLA and we are discussing Ballot Measures & Legislative Items in California and this is Part 1 of 2. Please tour our website and sign up for our Blog at cliconference.com.

[CLIC] is the only Hotel Conference that focuses on the California Hotel Market and [CLIC] Connect is our official interview show. Rejoining the conversation today is Bruce Ford of Lodging Econometrics and we are talking about the Hotel Development Pipeline an annual tradition, New Hotel Development, PIP's/Repositioning of Hotel Assets, Extended Stay and take aways from BDNY. Meet Bruce at the 7th Annual California Lodging Investment Conference on March 6-7, 2024 at The Westin South Coast Plaza Hotel in Costa Mesa, CA. Register at cliconference.com Please tour our website and sign up for our Blog at cliconference.com.

[CLIC] is the only Hotel Conference that focuses on the California Hotel Market and [CLIC] Connect is our official interview show. Today Dr. Jeffery O. rejoins the conversation and we are talking about the International Hospitality Institute & The Hospitality Hall of Fame. Congratulations to All of the Inaugural Inductees. Thank you, to the Incredible Judges for taking this on. Please tour our website and sign up for the 7th Annual California Lodging Investment Conference on March 6-7, 2024 at The Westin South Coast Plaza Hotel and our Blog at cliconference.com. Checkout the IHI Hall of Fame: https://international-hospitality-hal... Thank you Producer Dani Leffler and our Production Partner Red Roof Franchising.... If you would like to become a Production Partner please DM us.

The 7th Annual California Lodging Investment Conference & [CLIC] Connect is the only Hotel Conference that focuses on the California Hotel Market join us on March 6-7, 2024 at The Westin South Coast Plaza Hotel in Costa Mesa, CA. Please tour our website and register at cliconference.com.

[CLIC] is the only Hotel Conference that focuses on the California Hotel Market and [CLIC] Connect is our official interview show. Joining the conversation today is Tom Bergerson, Principal AO and we are talking about All things Hotel Development, Hotel Enhanced Mixed Use Development, Entitlements, Construction, Supply Chains and getting the Hotel Open Please tour our website and sign up for the 7th Annual California Lodging Investment Conference on March 6-7, 2024 at The Westin South Coast Plaza Hotel and our Blog at cliconference.com. Thank you, Producer Dani Leffler and Red Roof Franchising for being our Production Partner and for making this show possible...

In this episode of Commercial Real Estate Talk with Steve and Arnie, our hosts interview Chuck Hershson "Uncle Chuck", President & Founder of Fidelity Mortgage Lenders, the commercial real estate lending firm. In this in depth and very educational interview conversation, Chuck discusses his: start in the commercial real estate lending business, how his business has evolved over 50 years; his major successes and memorable failures and how he has learned from them; his thoughts on the different sectors and the challenges they face; and advice for someone starting out today. It is another "must watch" show if you are in the commercial real estate investment world. . Sponsored by : PARAMOUNT PROPERTY TAX APPEAL; COMMERCIAL REAL ESTATE INSPECTORS; and FIDELITY MORTGAGE LENDERS. To be a part of Commercial Real Estate Talk, please email Steve Bloom at sbloom@rentv.com or Arnie Garfinkel at arnie@allstargroup.com.

On episode 2 of this week's #CoffeeBreak, #analytics take center stage as our #TW #Houston Healthcare team delves into data for a deeper understanding of healthcare trends to inform real estate recommendations. #RealEstate #CommercialRealEstate #MedicalOffice #healthcare

Understanding both the tenant and patient experience is key to the success of medical office. West Medical One provides physicians forward-thinking amenities and versatile spaces that build synergy and community, while visitors enjoy a facility that is comfortable and convenient to navigate. SVP Ashley Cassel Byrd shares how the vision came to life in our latest #CoffeeBreak. #RealEstate #Houston #MedicalOffice #Healthcare

[CLIC] is the only Hotel Conference that focuses on the California Hotel Market and [CLIC] Connect is our official interview show. Joining the conversation today is Daniel Lessler of LW Hospitality Advisors and we are discussing CMBS Loans Coming Due, Ability to Re-Fi Your Hotel and is it a good time to sell your select service or full service hotels???? Please tour our website and sign up for the 7th Annual California Lodging Investment Conference on March 6-7, 2024 at The Westin South Coast Plaza Hotel and our Blog at cliconference.com. Thank you Producer Dani Leffler & our Production Partner Red Roof Franchising for making this show possible....

In this episode of Net Lease TV Chris interviews Jeff Thornton of Build Central at ICSC San Diego which took place around Oct 26, 2023. Build Central is an online application that can tell you who is developing a 7-Elevens, Walgreens, CVS's, Dollar Generals in the United States utilizing web scraping. Jeff takes Chris through a case study of the Build Central application showing Chris some up coming 7-Eleven Developments. Mention you learned about Build Central Application on Net Lease TV and Jeff Thornton and his associates will give you a discount. You can contact Jeff Thornton at (224) 804-0451 and his email is jthornton@buildcentral.com. Special thanks to Alex Deloach of Build Central for coordinating this interview at ICSC San Diego 2023 Contact Chris Marabella if you have questions about Build Central, Would like to advertise on Net Lease TV or have ideas for future Net Lease TV episodes. Chris Marabella - Cell (760) 803-6464, Email: nnn@marabellafinance.com

Taxes, Taxes & Taxes.... [CLIC] is the only Hotel Conference that focuses on the California Hotel Market and [CLIC] Connect is our official interview show. Joining the conversation today is Eric Paulsen Southern California & Arizona President of Kidder Mathews and we are discussing TAXES, Taxes & TAXES, Upland Loophole, Taxpayer Protection Act (TPA), ACA – 13 and The Assault on Proposition 13 and others. Please see the following links: https://www.ocregister.com/2023/08/25... https://timesofsandiego.com/opinion/2... https://www.naiopsocal.org/action-ale... We would like to invite Governor Gavin Newson, The Howard Jarvis Taxpayers Association and other to join the conversation on [CLIC] Connect. Please tour our website and sign up for our Blog at cliconference.com. Transcript

Gooooood morning... Joining Producer Danyetta Leffler and myself today is Eric Paulsen Southern California & Arizona President of Kidder Mathews for Part 1 of this important discussion on TAXES, Upland Loophole, Taxpayer Protection Act (TPA), ACA – 13 and The Assault on Proposition 13 and others. Please see the following links: https://lnkd.in/gCm9Rq6E... https://lnkd.in/gWfuiBJW... https://lnkd.in/gdptrVG3... We would like to invite Governor Gavin Newson, The Howard Jarvis Taxpayers Association and others to join the conversation on [CLIC] Connect. You can DM Producer Dani or me. Thank you Eric for joining us on this very important topic that will affect everyone. Thank you Producer Dani and our Production Partner Red Roof Franchising. Join us on March 6-7, 2024 for the 7th Annual California Lodging Investment Conference & [CLIC] Connect. Early registration ends on October 31, 2023 register at cliconference.com

[CLIC] is the only Hotel Conference that focuses on the California Hotel Market and [CLIC] Connect is our official interview show. Joining the conversation today is MS Emmy Hise & Nigel Hughes of the CoStar Group are back for Part 2 of our discussion on "The City By The Bay".... Absolutely, San Francisco Hotels, Travel, Tourism, Events, Groups and Nigel is the CoStar expert on all CRE i.e. Office, Multi Family, Retail, Restaurant and more.... Let's talk a little Sports and Entertainment as well.... Great having Emmy & Nigel on [CLIC] Connect and Producer Dani and I would also like to invite Mayor London Breed, the Hotel Council of San Francisco, Visit San Francisco and Visit California to be on [CLIC] Connect to be part of the discussion. Thank you to our Production Partner Red Roof Franchising... Join us next week for Part of our San Francisco series. Please tour our website and sign up for our Blog and the 7th Annual California Lodging Investment Conference on March 6-7, 2024 at cliconference.com.

[CLIC] is the only Hotel Conference that focuses on the California Hotel Market and [CLIC] Connect is our official interview show. Joining the conversation today is MS Emmy Hise & Nigel Hughes of the CoStar Group and we are discussing "The City By The Bay".... Yep, San Francisco Hotels, Travel, Tourism, Events, Groups and Nigel is the CoStar expert on all CRE i.e. Office, Multi Family, Retail, Restaurant and more.... Let's talk a little Sports and Entertainment as well.... Great having Emmy & Nigel on [CLIC] Connect and Producer Dani and I would also like to invite Mayor London Breed, the Hotel Council of San Francisco, Visit San Francisco and Visit California to be on [CLIC] Connect to be part of the discussion. Thank you to our Production Partner Red Roof Franchising... Join us next week for Part of our San Francisco series. Please tour our website and sign up for our Blog at cliconference.com.

In this video feed Chris Marabella comments on Fed Chair Jerome Powell's Testimony on Thursday, October 19, 2023 at 9:00 AM Pacific. Chris comments on Jerome Powell's testimony in which he indicates that the Federal Reserve may still need to raise the Federal Funds rate to continue the Feds mandate of a 2.00% inflation rate. Chris Marabella comments on how this will affect Single and Multi Tenant Net Lease Financing at this time. To subscribe to Net Lease TV click on the following link; https://www.marabellafinance.com/net-... To Contact Chris Marabella call him on his cell phone at (760) 803-6464 or email him at nnn@marabellafinance.com

In this episode of Net Lease TV Chris Marabella interviews Tom Onder of Stark and Stark Law Firm about Landlords options legally if Rite Aid was to file Chapter 11 Bankruptcy which its current financial issues. Tom Onder's specialty is assisting Landlords where their tenant has filed for Bankruptcy or is potentially going into Bankruptcy. Stark & Stark Attorneys At Law is located in Princeton, New Jersey and Tom Onder's Cell Phone is (609) 613-1776. To Subscribe to Net Lease TV click on the following link; https://www.marabellafinance.com/net-... To contact Chris Marabella for future Net Lease TV Episodes his email is nnn@marabellafinance.com

In this episode of Net Lease TV Chris Marabella moderates an All Star Agent and Developer Panel. Persons participating on the panel are; Christian Marabella - Net Lease TV / MCF, Inc. Nancy Miller - Bull Real Estate Keith Sturm - Upland Real Estate Ted Dowding - TD Commercial Group Agnieszka Golik - TD Commercial Group Jack Kasin - TD Commercial Group Luke Thomson - TD Commercial Group The panel discusses various Net Lease transactions that the panel has closed and / or marketing for sale. Also Chris Marabella discusses some of the transactions he has completed and current pricing for Net Lease Finance . For questions or additional information on this panel, financing assistance for a Net Lease transaction or ideas for future Net Lease TV episodes contact Chris Marabella at (760) 803-6464. Or email Chris Marabella at nnn@marabellafinance.com

Spring Valley Lake Concerned Homeowners are on a mission to achieve transparency from the SVL Board. Tim Craig explains how questions involving the budget, the complex reserves issue, and the Lake's deteriorating infrastructure, have not been addressed by the board. A meeting Saturday, November 4, 2023 calls for residents to become informed on the issues.

In this episode of Commercial Real Estate Talk with Steve and Arnie, our hosts interview Barry Saywitz, President & Founder of The Saywitz Company, the commercial real estate brokerage firm, and Saywitz Properties, which owns and manages apartment properties around Southern California. In this wide-ranging and very informative conversation, Barry discusses his: start in the commercial real estate brokerage business, followed by investing in apartment properties and his first major deals. We then get his thoughts on the office and multifamily sectors and the challenges they face. We then talk about his great radio show Lets Talk Real Estate. It is a must watch if you are in the commercial real estate investment world. . Sponsored by : PARAMOUNT PROPERTY TAX APPEAL; COMMERCIAL REAL ESTATE INSPECTORS; and REDWOOD MORTGAGE. To be a part of Commercial Real Estate Talk, please email Steve Bloom at sbloom@rentv.com or Arnie Garfinkel at arnie@allstargroup.com.

±2.33 Acres South of Yucca Drive, Adelanto, CA $253,735

Available For Lease 12475 Mariposa Rd., Suite A, Victorville, CA 92395 High Visibility Retail Space Located Along Interstate 15 For more information contact: Joseph W. Brady, CCIM, SIOR, President DRE Lic# 01057618, 00773589 760.951.5111 Ext 101 760-954-4567 jbrady@TheBradcoCompanies.com Available Sq. Ft. ±4,071• Year Built: 1988• Zoning: C-2• High Visibility Retail Center• Easy access to Interstate 15 from Bear Valley Road & Nisqualli Road• Former Hair Emporium location• Major Retail Corridor• Daily Traffic Count Along I-15 of ±102,000 vehicles (Source: ©2023 KalibrateTechnologies (Q2 2023).• Located south of Scandia Family Fun Center• Located across the freeway from the Village Center, near The Mall of Victor Valley and down the street form Victorville Town Center.

•Current build out includes multiple offices, lobby, break room, men's and women's restrooms •Included in the ±11,250 Sq. Ft. is an upstairs office space that measures ±1,470 Sq. Ft. •High Visibility Office Building with Pylon Signage Along I-15 •Easy access to Interstate 15 •Currently Occupied by the Daily Press •Centrally Located •Daily Traffic Count Along I-15 of ±102,000 vehicles (Source: ©2023 Kalibrate Technologies (Q2 2023). •Located near exiting retail centers, restaurants Kaiser Permanente, and San Bernardino County Court House For more information contact: Joseph W. Brady, CCIM, SIOR, President DRE Lic# 01057618, 00773589 760.951.5111 Ext 101 760-954-4567 jbrady@TheBradcoCompanies.com

ndustrial For Sale | Adelanto, CA $589,000 Located in Adelanto’s marijuana cultivation, manufacturing, distribution, and transportation zone Just West of Hwy 395 off Rancho Road Located adjacent to Copart’s New Auto Storage Facility Located in an Opportunity Zone –Significant Tax Advantages Available! Joseph W. Brady, CCIM, SIOR, President DRE Lic# 01057618, 00773589 760.951.5111 Ext 101 760-954-4567 jbrady@TheBradcoCompanies.com

Vacant Land For Sale | California 18, Apple Valley, CA $161,070 For more information contact: Joseph W. Brady, CCIM, SIOR, President DRE Lic# 01057618, 00773589 760.951.5111 Ext 101 760-954-4567 jbrady@TheBradcoCompanies.com •Located along the north side of Highway 18 in between Pioneer Rd., & Corto Rd •Fantastic views of the mountains and desert •APN: 0435-051-45 (±10.08 acres) •APN: 0435-051-50 (±8.48 acres) •APN0435-051-63 (±4.45 acres) •Zoning: Apple Valley/Resource Conservation

Residential - Income For Sale | Sierra Pelona Drive, CA ±4.20 Acres Sierra Pelona Dr. $50,400 •Located at the SEC of US Highway 18 & Siera Pelona Dr. •Located approximately 3.27± miles outside of the Apple Valley Town Limits •Fantastic views of the mountains and desert For more information contact: Joseph W. Brady, CCIM, SIOR, President DRE Lic# 01057618, 00773589 760.951.5111 Ext 101 760-954-4567 jbrady@TheBradcoCompanies.com

Industrial Building For Sale 34760 Daggett-Yermo Road, Daggett, CA 92327 FOR SALE: $1,650,000 For more information contact: Joseph W. Brady, CCIM, SIOR, President DRE Lic# 01057618, 00773589 760.951.5111 Ext 101 760-954-4567 jbrady@TheBradcoCompanies.com Joseph W. Brady Inc., dba The Bradco Companies and NAI Capital as exclusive brokers, are pleased to present for sale 34760 Daggett Yermo Rd. (the “property”), a ±14,100 Sq. Ft. commercial building located on ±9.56 acres (APN’S: 0516-131-19 & 0516-131-20). Located in Daggett California. The property is occupied by a military contractor. This property has a history of leases with military contractors, being that is sits near the Marine Corps Supply Center Yermo and is also within close proximity to the Marine Corps Supply Center in Nebo and Fort Irwin. Easy access to Interstate 15 and Interstate 40. The property is perfect for a number of transportation and storage usages. Potential for a truck repair facility. The property is zoned Rural Commercial. Highlights •Fully leased to a military contractor •Lease Runs through July 31, 2025 •Net Lease •Tenant has an option for an additional sixty (60) months. •Potential for an owner/user •440v panel, 220/110 with multiple breaker panels throughout •Total of 8 bay doors •All overhead doors are 14' x 14’ •5 bays are 75' long x 18' wide drive through 1 bay (approx. 25' long x 18' wide, with a 4 post hoist) Two open ended bays 75' long (no doors) on southern end of building. Opening of 20' wide x 14' high each bay, both ends.

Industrial Building For Sale 22379 Eyota Road, Apple Valley, CA 92308 Joseph W. Brady, CCIM, SIOR, President DRE Lic# 01057618, 00773589 ☎ 760.951.5111 Ext 101 📱 760-954-4567 jbrady@TheBradcoCompanies.com ±8,400 Sq. Ft. Industrial Building that includes a ±13,648 Cubic Feet Freezer Lot Acreage: ±1.51 Acres Power: 400 A208/125V 3 phase 1 Dock Door 4 Grade level Doors Zoned Service Commercial

The subject property is part of the specific plan known as The Shops at Spanish Trail which is approved for ±801,000 Sq. Ft. of Mixed-Use Development consisting of ±112.40 acres. Easy access to I-15. The subject property is located near BNSF railroad. BNSF announced last year that they are going to invest more than $1.5 billion in a new Barstow facility called "Barstow International Gateway". The project will span about ±4,500 acres and is expected to create ±20,000 direct and indirect jobs. The City of Barstow is located inthe Inland Empire North region of San Bernardino County, midway between Los Angeles and Las Vegas. Barstow is in the western Mojave Desert at the entrance to the Mojave National Preserve. It is home to the U.S. Army National Training Center at Ft. Irwin; Marine Corps Logistics Base, Barstow; NASA’s

Office For Lease Located on North Outer Highway 18 near St. Mary's Hospital/Medical Center 18144 Outer US Highway 18 •High Traffic Location and Great Street Frontage •This ±1,850 sq. ft. space is perfect for any business looking for a prime location in a bustling town. •Ample parking and easy access to major highways, this space is ideal for your employees and clients •The Town of Apple Valley is known for its strong community and vibrant local economy, making it a great place to grow your business. •This property is in close proximity to: Star Bucks, Jersey Mikes, Car Wash, Nektar, and many physician offices •Surrounded by nearly ±10,187 households within a 3-mile radius with an average household income of $90,872

Shopping Center Automotive, Retail - Commercial/Other 15250 Palmdale Road, Victorville, CA 92392 $1.80 - $2.50 /SF/M Building Size 7,350 Multi-Tenant •The anchor tenant to the center is an express exterior car wash which serves an estimated ±1,000 cars per day •Free standing pylon signage available along Palmdale Rd./SR-18, as well as approved building signage program •There are two EV Charging stations on the premises Joseph W. Brady, CCIM, SIOR, President DRE Lic# 01057618, 00773589 ☎ 760.951.5111 Ext 101 📱 760-954-4567 jbrady@TheBradcoCompanies.com

Handy Car Wash 1221 East Main Street, Barstow, CA 92311 Special Purpose/Other For Sale $249,999 The self serve car wash operated for 53 years until its recent closure in June 2023 •The property is being sold “As Is” •BNSF announce on October 1, 2022 that they plan to expand their Barstow yard which will encompass ±4,500 acres and and 1 $1.5 billion facility consisting of railyard, intermodal facility and warehouses for transloading freight from smaller international containers to larger domestic containers •According to BNSF the facility will create ±20,000 direct and indirect jobs •This property represents a great opportunity for a buyer to bring it back to life and make it an income producer

Retail Space for Lease | Midtown Square 16876 Main Street, Hesperia Suites A & B - 7,760 $1.35 - $1.75 + $0.47 NNN Joseph W. Brady, CCIM, SIOR, President DRE Lic# 01057618, 00773589 760.951.5111 Ext 101 760-954-4567 jbrady@TheBradcoCompanies.com

Industrial Buildings For Lease 17380 Darwin Avenue, Hesperia, CA 92345 Industrial, Distribution Warehouse, Manufacturing Darwin Avenue Industrial Buildings Spaces $1.25 /SF/M Joseph W. Brady, CCIM, SIOR, President DRE Lic# 01057618, 00773589 760.951.5111 Ext 101 760-954-4567 jbrady@TheBradcoCompanies.com

Midtown Square Spaces Shopping Center / Retail For Lease 16930 Main Street, Hesperia, CA 92345 Joseph W. Brady, CCIM, SIOR, President DRE Lic# 01057618, 00773589 760.951.5111 Ext 101 760-954-4567 jbrady@TheBradcoCompanies.com Current Midtown Center tenants include Stater Bros., Sizzler, KFC, US Bank, Little Caesars and Subway Major East -West Corridor to and from I-15 Dominant Neighborhood Shopping Center Located between two signalized corners Average Daily Traffic Count of 38,437.