Calculated Risk

FEBRUARY 21, 2024

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. indicates decreasing business conditions. Business conditions remained weak at firms in all regions of the country except the Midwest, where modest growth was seen in three of the last four months. in January.

Economy 121

Economy Investing Investments Clients 121

Calculated Risk

NOVEMBER 6, 2023

Regarding loans to businesses, survey respondents, on balance, reported tighter standards and weaker demand for commercial and industrial (C&I) loans to firms of all sizes over the third quarter. Furthermore, banks reported tighter standards and weaker demand for all commercial real estate (CRE) loan categories.

Banking 130

Banking Government 130

Calculated Risk

FEBRUARY 5, 2024

Regarding loans to businesses, survey respondents, on balance, reported tighter standards and weaker demand for commercial and industrial (C&I) loans to firms of all sizes over the fourth quarter. Furthermore, banks reported tighter standards and weaker demand for all commercial real estate (CRE) loan categories.

Banking 85

Banking Government 85

Calculated Risk

MAY 8, 2023

Regarding loans to businesses , survey respondents reported, on balance, tighter standards and weaker demand for commercial and industrial (C&I) loans to large and middle-market firms as well as small firms over the first quarter. This graph on Residential Real Estate demand is from the Senior Loan Officer Survey Charts.

Banking 145

Banking Government Marketing Marketing 145

Calculated Risk

NOVEMBER 15, 2023

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. This index usually leads CRE investment by 9 to 12 months, so this index suggests a slowdown in CRE investment in 2024.

Numbers 129

Numbers Investing Investments Clients 129

Calculated Risk

DECEMBER 22, 2023

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. Business conditions remained softest at firms located in the West, which has been the case since March. This index usually leads CRE investment by 9 to 12 months, so this index suggests a slowdown in CRE investment in 2024.

Investing 107

Investing Investments 107

The Big Picture

SEPTEMBER 1, 2023

Big businesses. Businessweek ) • The Moonshot Heard Round the World : What are the lessons of India’s frugal moon landing for any business on this Earth? Businessweek ) Be sure to check out our Masters in Business this week with Jonathan Miller, CEO of Miller Samuel , a real estate appraisal and consulting firm he co-founded in 1986.

Strategic Planning 130

Strategic Planning Consulting Investing Investments 130

Calculated Risk

SEPTEMBER 20, 2023

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. indicates decreasing business conditions. Business conditions at architecture firms continue to be sluggish,” said Kermit Baker, PhD, AIA Chief Economist. “New Any score below 50.0

Investing 123

Investing Investments Clients 123

Calculated Risk

JANUARY 24, 2024

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. Business conditions were also weak for most of the year at firms of all specializations, with firms with a multifamily residential specialization experiencing a particularly challenging year.

Clients 120

Clients Investing Investments 120

The Big Picture

SEPTEMBER 6, 2023

Illustrations [link] ( Businessweek and Citylab ) • Meet the Couple Spending Millions to Save California’s Architectural Gems : John McIlwee and Bill Damaschke’s collection has included the Lautner-designed Garcia House in Los Angeles and the former Rancho Mirage estate of Gerald and Betty Ford.

Strategic Planning 130

Strategic Planning Medicine Economy Consulting 130

Abnormal Returns

DECEMBER 16, 2022

(betonit.substack.com) Companies Matt Reustle talks with Drew Cohen talk about the unique business of Floor & Decor. joincolossus.com) CRE Patrick O'Shaughnessy talks the state of commercial real estate with Bill Lenehan who is the CEO of Four Corners Property Trust.

Investing 130

Investing Investments Marketing Marketing 130

Abnormal Returns

JULY 25, 2023

behaviouralinvestment.com) TCW Group is buying the ETF business of Engine No. vox.com) Weight discrimination is real. wsj.com) CRE Dror Poleg, "Office buildings are rightly perceived as more risky, and their income less predictable." drorpoleg.com) Offices are only a part of the commercial real estate universe.

Financial Advising 130

Financial Advising Media Engineering Sales 130

Wealth Management

FEBRUARY 28, 2023

Real estate borrowers are looking for creative solutions when refinancing amid a volatile lending landscape, reports RE Business Online. Federal Reserve economists warned about CRE valuations taking a tumble. These are among today’s must reads from around the commercial real estate industry.

Valuation 78

Valuation 78

Calculated Risk

MARCH 20, 2024

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. There are indicators this month that business conditions at firms may finally begin to pick up in the coming months. for the month.

Economics 67

Economics Numbers Investing Investments 67

Abnormal Returns

JULY 26, 2023

wsj.com) CRE The tech office boom in New York City is waning. nytimes.com) Are people looking in the wrong real estate sector for credit risk? axios.com) ETFs Why TCW Group bought the ETF business of Engine No. (theinformation.com) How Bath & Body Works ($BBWI) built a manufacturing hub to speed production.

Financial Advising 130

Financial Advising Engineering Manufacturing Media 130

Calculated Risk

JULY 31, 2023

Regarding loans to businesses, survey respondents reported, on balance, tighter standards and weaker demand for commercial and industrial (C&I) loans to firms of all sizes over the second quarter. Meanwhile, banks reported tighter standards and weaker demand for all commercial real estate (CRE) loan categories.

Banking 98

Banking Government 98

Calculated Risk

AUGUST 24, 2022

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. it still indicates stable business conditions for architecture firms (any score above 50 indicates an increase in billings from the prior month). The AIA Architecture Billings Index (ABI) score for July was 51.0.

Economics 137

Economics Investing Investments 137

Calculated Risk

DECEMBER 14, 2022

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. Still, firm leaders remain largely optimistic about future business trends. The pace of decline during November accelerated from October, posting an Architecture Billings Index (ABI) score of 46.6 from 47.7 (any

Investing 98

Investing Investments 98

Calculated Risk

OCTOBER 18, 2023

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: AIA/Deltek Architecture Billings Index Reports New Decline in Business Condition Business conditions at architecture firms declined again in September, the AIA/Deltek Architecture Billings Index (ABI) reports.

Investing 70

Investing Investments Clients 70

Calculated Risk

APRIL 19, 2023

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: After Five Straight Monthly Declines, AIA/Deltek Architecture Billings Index (ABI) Reports Slightly Improved Business Conditions Architecture firms reported a modest increase in March billings.

Banking 98

Banking Investing Investments 98

Calculated Risk

JULY 19, 2023

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. Firms located in the Midwest continue to report the strongest billings for the eighth consecutive month, while firms in nearly all regions of the country also reported improving business conditions in June.

Economy 96

Economy Investing Investments Economics 96

Calculated Risk

MAY 24, 2023

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: AIA/Deltek Architecture Billings Index Reflects Continued Weakness in Business Conditions in April Architecture firms reported a modest decrease in April billings.

Economics 89

Economics Investing Investments Clients 89

The Big Picture

MAY 3, 2023

NPR ) • Dark Clouds Over Commercial Real Estate Don’t Frighten Allocators : Prices are down and dire forecasts abound, but asset owners plan to modestly boost their CRE exposure ( Chief Investment Officer ) see also The Building Boom Is Prolonging Market Pain : Construction employment is higher than ever—undermining bets the Fed will soon pivot.

License 262

License Planning Economics Accounting 262

Calculated Risk

OCTOBER 19, 2022

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. in August, indicating essentially stable business conditions for architecture firms (any score above 50 indicates an increase in billings from the prior month). down from a score of 53.3 respectively.

Investing 98

Investing Investments 98

Calculated Risk

AUGUST 23, 2023

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. This index usually leads CRE investment by 9 to 12 months, so this index suggests a slowdown in CRE investment later in 2023 and into 2024. The ABI score was 50.0,

Investing 52

Investing Investments 52

Calculated Risk

FEBRUARY 6, 2023

Regarding loans to businesses, survey respondents on balance reported tighter standards and weaker demand for commercial and industrial (C&I) loans to large, middle-market, and small firms over the fourth quarter.2 2 Meanwhile, banks reported tighter standards and weaker demand for all commercial real estate (CRE) loan categories.

Banking 52

Banking Marketing Marketing 52

Calculated Risk

NOVEMBER 7, 2022

Regarding loans to businesses, survey respondents reported, on balance, tighter standards and weaker demand for commercial and industrial (C&I) loans to firms of all sizes over the third quarter. Meanwhile, banks reported tighter standards and weaker demand for all commercial real estate (CRE) loan categories.

Banking 57

Banking 57

Calculated Risk

JANUARY 25, 2023

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. Despite strong revenue growth last year, architecture firms have modest expectations regarding business conditions this coming year,” said AIA Chief Economist Kermit Baker, PhD, Hon. from 46.6 (any

Investing 52

Investing Investments 52

Calculated Risk

JUNE 21, 2023

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. This suggests that overall business conditions for the profession likely will continue to be variable." Despite growth in the overall ABI this month, business conditions remain variable in different regions of the country.

Investing 52

Investing Investments 52

Calculated Risk

JULY 20, 2022

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. it still indicates moderately strong business conditions overall (any score above 50 indicates an increase in billings from the prior month). The ABI score for June was 53.2. The ABI score for June was 53.2. respectively.

Investing 52

Investing Investments 52

MarketWatch

MARCH 31, 2023

The bank said that its previously announced exit from the crypto-currency business is “almost complete,” with crypto-related deposits accounting for 4% of total deposits, and expected to be “near zero” by the end of the second quarter. Metropolitan Bank’s stock has dropped 56.8% and the S&P 500 SPX has gained 5.5%.

Banking 40

Banking Valuation Accounting Portfolio 40

The Big Picture

MARCH 9, 2024

Wall Street Journal ) • These 10 Lenders Have Bet the Bank on Commercial Real Estate. In the wake of New York Community Bancorp’s selloff, Barron’s is examining banks with the highest concentration of commercial real estate loans. Here’s How They’re Holding Up. They manage $16.8

Medical 290

Medical Food Banking Economy 290

The Big Picture

MARCH 1, 2024

 This week, we speak with David Snyderman, global head of Magnetar Capital LLC’s alternative credit and fixed-income business. Be sure to check out our Masters in Business next week with Sean Dobson, Amherst Group CEO & CIO. billion in mortgage-backed securities (MBS), Commercial Real Estate CRE), and single-family rentals.

Portfolio Management 166

Portfolio Management Portfolio Management Investing 166

The Big Picture

JULY 18, 2023

All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ ANNOUNCER: This is “Masters in Business” with Barry Ritholtz on Bloomberg Radio. BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: This week on the podcast, I have an extra special guest, Tom Wagner, co-founder and portfolio manager at Knighthead Capital.

Investing 130

Investing Investments Assets Insurance 130

Aleph

MARCH 25, 2023

That’s the government’s job Mar 24, 2023 The Real Reason South Koreans Aren’t Having Babies [link] Evangelicals are 20% of SK’s population. link] You have to remember — it’s a business. They are better for your ears as well. Offices are in trouble, Malls less so. And, it’s still about location.

Banking 59

Banking Risk Management Government Accounting 59

The Big Picture

MARCH 10, 2024

In that same timeframe, the annual inflation rate was 3.2%, meaning gold had a real return over a 44 year period of a big fat zero. The firm focuses on mortgage and securitized products, as well as a real estate investment, management and operating platform. From 1980-2023, gold was up just 3.2% They manage $16.8

Education 140

Education Management Economics Numbers 140

The Big Picture

MARCH 12, 2024

This is Masters in business with Barry Ritholtz on Bloomberg Radio. So he’s looking at this not simply from the typical real estate investment perspective, but from a deep quantitative, analytical basis. What got you interested in real estate? And on top of that, he’s pretty much a quantitative geek.

Banking 140

Banking Investing Investments Marketing 140