Want to understand how soaring insurance premiums could be affecting your commercial real estate investments? Tune in to our latest episode of Peaks and Portfolios, where we have Ted Brown, president and partner at Lockton Companies, shedding light on this critical issue. Ted brings his expertise to the table, breaking down how skyrocketing insurance rates, particularly in states like Texas and Florida, are disrupting underwriting processes and slowing sales. Learn how the landscape of property and liability insurance is evolving and what positive trends are on the horizon for property insurance rates.

We take a deep dive into the property insurance market and its turbulent journey since 2016. From natural disasters to the increased cost of capital, Ted and I explore how these factors have rippled through the industry, affecting reinsurance and commercial carriers. Discover why property insurance rates are starting to stabilize as carriers reach profitability, even as the liability insurance market lags behind, driven by the influx of private equity funding mass tort litigation in states like California and Texas.

But it's not all doom and gloom. We also highlight the strategies for fostering a symbiotic relationship between real estate investment firms and insurance carriers. Emphasizing mutual understanding, strategic planning, and data-driven decisions, Ted shares how aligning values can help investors navigate market cycles more effectively. Whether you're interested in construction types, jurisdictional differences, or long-term risk management, this episode is packed with insights to help you mitigate the financial strains of rising insurance expenses and ensure success in your real estate endeavors. Don't miss out on these valuable discussions!

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Get the inside scoop on Utah’s booming real estate market with our latest episode of Peaks and Portfolios. Join us as we welcome Kip Paul, Michael King, and JT Redd from Cushman & Wakefield, who bring their expert insights into the rapid growth and investment opportunities along the Wasatch Front and beyond. Learn why Utah consistently ranks as the best overall state in the U.S. and how its population growth and strong performance metrics create a compelling environment for commercial real estate. Our guests delve into the surprising resilience of Utah’s office market amidst national downturns, attributed to cultural shifts and the migration of companies and workers to the Western states. Explore significant growth areas like Salt Lake City's downtown and granary markets, with a record delivery of new units and promising opportunities for developers. Finally, from the undersupply of hotel developments to the conversion of hotels into multifamily units, we examine the shifting landscape of Utah's hospitality sector.

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What if your next real estate decision could be guided by AI? Tune in as we explore some game-changing innovations in Prop Tech. Discover how recent advancements are making property management more seamless than ever, from virtual tours to app-based laundry systems, to vehicle vending machines, and much more. We also delve into the exciting future of AI in real estate, from automating routine tasks to predicting equipment failures. This episode is packed with insights into how technology is revolutionizing the real estate landscape, while also cautioning listeners about the potential risks and threats it poses in today's environment.

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The urban landscape is ever-evolving, a living entity that responds to the ebbs and flows of societal changes, economic pressures, and now more than ever, the impact of a global pandemic. As city planners and real estate investors grapple with these shifts, insights from thought leaders like Julie Whelan of CBRE become invaluable. Just yesterday, CBRE published an intriguing new report unveiling the intricacies of urban transformation and growth, providing a roadmap for what the future might hold for various cities across the United States. In this week's episode, we sit down for an exclusive interview with Whelan, one of the key masterminds behind the report, for a deep dive into CBRE's recent findings. Learn about the essential elements that contribute to a thriving city, from economic dynamism to responsive governance. Whelan's expertise provides a comprehensive guide for making cities more vibrant, resilient, and inclusive places. Tune in for a rich discussion that promises to reshape how we think about urban development in the post-pandemic era.

Check out CBRE's report on the future of US cities here.

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In today's episode, we dive into how modern financial landscapes are sculpting new opportunities for investors with newly appointed PEG Companies Co-CEO Garett Bjorkman. With the aftermath of the financial crisis still looming, we dissect how private credit firms are filling the gaps left by banks' liquidity mismatch with transitional real estate assets. Garett's expertise, paired with his personal journey from bustling Shanghai to the serenity of Utah, lends a unique perspective to the evolving trends in global and domestic real estate investment. In the multifamily real estate market, we delve into the advantages of conservative lending practices and the importance of maintaining strong banking relationships. Turning to the hospitality sector, the episode shines a spotlight on select service and extended-stay hotels as an area ripe with potential for higher yields. The conversation wraps up by touching on the delicate balance of developing affordable luxury residential projects that meet community needs while ensuring investor returns, foreshadowing some of PEG's new investment strategies on the horizon.

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With a 'personal vendetta against Chicken Little,' WaFd Bank CEO Brent Beardall is on a mission to debunk the misconceptions surrounding today’s CRE landscape. This week’s episode provides a unique perspective on the resilience of banking relationships during economic stress, highlighting the persistence of high inflation and the repercussions of last year's bank upheavals. Beardall’s candid commentary, combined with his personal account of surviving a plane crash, enriches our understanding of leadership and connectivity in business. Our conversation delves into the peculiarities of current economic indicators, such as the prolonged inverted yield curve and the Federal Reserve’s delicate balancing act to foster growth amid volatile government spending. Beardall also offers an insightful forecast on the most promising regions for real estate investments from a banker’s viewpoint, and we conclude the episode with major news updates from WaFd Bank. This is an episode you won’t want to miss!

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With the U.S. in the grips of a significant housing shortage and a societal shift toward rental living, build-for-rent [BFR], also known as build-to-rent [BTR], is the fastest-growing sector in commercial real estate. In this week's podcast episode, David Bourne, Director of Investments at PEG Companies, sheds light on this emerging asset class and how it's set to redefine the residential landscape. Pointing out intriguing economic underpinnings of the BFR segment, Bourne discusses how performance metrics of single-family rental markets align with traditional multifamily properties, with rental appreciation rates and operating costs debunking initial assumptions. Moreover, financing in the BFR sphere has witnessed a paradigm shift, with major banks and investors growing as comfortable with BFR as they are with conventional multifamily lending. The conversation evolves to point out some of the leading brands in the BFR space including Christopher Todd Communities and Alante Homes. From the completes of financing these properties to how to manage them, this week's episode stands as a testament to the CRE industry's ability to adapt and meet the demands of the modern 'renter by choice.'

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In a real estate market grappling with high office vacancy rates and a dire need for housing, this episode highlights a groundbreaking algorithm that could shift almost a third of office buildings toward much-needed residential housing. As we uncover the complexities of office-to-residential conversions, Gensler Principal Steven Paynter shares the secret to assessing a building's convertibility, from its location and age to its architectural quirks. The conversation navigates the economics of space optimization in a post-pandemic era and extends personal reflections on tackling these projects across differing market sizes, such as the unique challenges faced in Salt Lake City. Wrapping up a journey through the adaptive reuse landscape, we touch on the broader implications of this real estate revolution. Deliberation on the economic underpinnings, including cost efficiency, incentives for affordable housing, and policy impacts, offer a 360-degree view of how these projects are reshaping places we live, work, and play.

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