190. It's Happening: Office Delinquencies Tick Up Again, Calls for Bank Regulation, and Wrap on Q1

This week, the White House called for stricter rules for mid-sized banks as lawmakers sifted through what happened with the recent bank failures and what needs to be done in response. In this episode, we dive into some more details of the SVB bank run, then we debate what makes an asset qualify as "toxic." The team discusses the CMBS Delinquency Rate dip in March, while the office rate continues to climb. Lastly, we discuss the retail, multifamily, and hotel sectors. Tune in now. Episode Notes: We're Not Out of the Woods Yet (0:20) What Makes a Toxic Asset? (9:40) Bank Money Flows (14:40) CMBS Delinquency (23:21) CMBS Spreads and Concerns about CRE (27:10) Crabgrass in Office (31:00) Green Shoot Trading Alerts (35:09) Retail, Multifamily, and Hotels (37:00) Shoutouts (42:01)