Omid Shahbazian

Tariffs Are Rewriting Every Development Pro Forma

Construction Cost

Apr 22, 2026

Tariffs Are Rewriting Every Development Pro Forma

Materials costs are up 12.6% annualized. Sixty percent of developers have paused or killed projects. The basis just shifted underneath the entire pipeline.

Omid Shahbazian

Blackstone's $2B Data Center REIT Reopens IPO Window

Newsletters

Apr 21, 2026

Blackstone's $2B Data Center REIT Reopens IPO Window

S-11 targets stabilized hyperscaler-leased product; pricing will set public-market cap-rate comps for the sector.

Omid Shahbazian

Extended Stay

Apr 20, 2026

How Extended-Stay Became The Last Hotel Product That Still Pencils

Flat ADR, muted RevPAR, and one segment quietly pulling the industry's development pipeline toward itself.

Omid Shahbazian

Delayed Households Are Reshaping Housing Demand

Newsletters

Apr 17, 2026

Delayed Households Are Reshaping Housing Demand

Affordability constraints are deferring formation, creating uneven demand and future volatility across U.S. housing markets

Omid Shahbazian

The Repricing Is Here and Rent Growth Must Carry the Load

Office

Apr 16, 2026

The Repricing Is Here and Rent Growth Must Carry the Load

Cap rates drift higher, costs surge — income is now the only return that matters.

Omid Shahbazian

Flexspace

Apr 14, 2026

Flexspace Growth Masks Structural Gaps in Underwriting Models

Optimistic lease-up assumptions and weak retention modeling are distorting real returns across the flexspace sector.

Omid Shahbazian

Rental Market Fractures as Supply Reshapes Competition

Rent Growth

Apr 13, 2026

Rental Market Fractures as Supply Reshapes Competition

Cooling spreads nationally, but supply-constrained markets remain tight, exposing widening divergence across U.S. rental conditions.

Omid Shahbazian

Capital Doesn’t Exit — It Reprices Risk- Weekly Signal

Weekly Signals

Apr 11, 2026

Capital Doesn’t Exit — It Reprices Risk- Weekly Signal

Refinancing, acquisitions, and distress funds reveal a CRE market splitting by capital strength and asset conviction.

Omid Shahbazian

Ceasefire Reprices Rate Expectations as Cut Probabilities Rebound

CRE market

Apr 10, 2026

Ceasefire Reprices Rate Expectations as Cut Probabilities Rebound

Easing energy risk shifts inflation outlook, driving a rapid reset in rate expectations and forward pricing assumptions.

Omid Shahbazian

Real Estate News

Apr 10, 2026

Inflation Drift Reprices CRE Risk

Markets are positioned for disinflation; a reversal forces immediate repricing across rates, credit, and asset values.

Omid Shahbazian

Infrastructure Scale Doesn’t Guarantee Returns

Real Estate News

Apr 9, 2026

Infrastructure Scale Doesn’t Guarantee Returns

Larger infrastructure assets and ownership stakes show no consistent return advantage, with performance driven more by asset characteristics.

Omid Shahbazian

Industrial Rent Growth Turns Negative as Supply Catches Up

Real Estate News

Apr 8, 2026

Industrial Rent Growth Turns Negative as Supply Catches Up

Industrial rent growth turns negative as rising supply and weaker tenant demand reshape warehouse pricing across all size segments.

Omid Shahbazian

Geopolitics Reprices CRE Risk—Logistics Gains, Capital Pauses

capital market

Apr 7, 2026

Geopolitics Reprices CRE Risk—Logistics Gains, Capital Pauses

Escalating Iran conflict begins transmitting through fuel, supply chains, and investor behavior into U.S. real estate decisions.

Omid Shahbazian

Cryptocurrency

Apr 7, 2026

Tokenization and Cryptocurrency Enter the CRE Capital Stack

Crypto and tokenization begin entering CRE, introducing new ownership models while facing volatility, regulatory, and liquidity constraints.

Omid Shahbazian

Multifamily Construction Shows Early Signs of Stabilization

Newsletters

Apr 6, 2026

Multifamily Construction Shows Early Signs of Stabilization

Multifamily construction shows early stabilization as project starts rise, delays ease, and cost pressures align with inflation.

Omid Shahbazian

Capital Rotation Signals a Flight to Resilience Across CRE Sectors

Self-Storage

Apr 2, 2026

Capital Rotation Signals a Flight to Resilience Across CRE Sectors

Capital is rotating toward resilient CRE sectors as rising rates pressure leveraged assets, exposing credit weaknesses in data centers and favoring stable income properties.

Omid Shahbazian

Credit Markets Are Forcing CRE Price Discovery

Newsletters

Apr 1, 2026

Credit Markets Are Forcing CRE Price Discovery

Loan sales, rising credit stress, and selective transactions signal a capital-driven repricing cycle across U.S. commercial real estate.

Omid Shahbazian

Capital Stack Control Is Rewriting CRE Ownership

Newsletters

Mar 31, 2026

Capital Stack Control Is Rewriting CRE Ownership

Credit investors gain control as distress accelerates and equity loses leverage

Omid Shahbazian

The Exit Door Is Open—But It’s Expensive

Newsletters

Mar 30, 2026

The Exit Door Is Open—But It’s Expensive

Banks are selling, equity is restructuring, and deals are clearing—because holding assets now costs more than exiting.

Omid Shahbazian

A Post-Crisis Rule Is Gone—And Distressed CRE May Move Faster Because of It

Newsletters

Mar 26, 2026

A Post-Crisis Rule Is Gone—And Distressed CRE May Move Faster Because of It

FDIC removes 2009 acquisition limits, accelerating how failed-bank assets transfer to private capital.

Omid Shahbazian

$875B commercial maturities face 2026 refinancing test

Newsletters

Mar 25, 2026

$875B commercial maturities face 2026 refinancing test

Maturing CRE debt collides with higher rates, exposing refinancing gaps and forcing asset-level repricing.

Omid Shahbazian

Inflation

Mar 19, 2026

Inflation Slows in CPI but Sticky PCE Keeps Rates Elevated

Cooling rents reduce CPI pressure, but core PCE delays financing relief.

Omid Shahbazian

Gen Z Is Bringing Foot Traffic Back to U.S. Malls

Newsletters

Mar 18, 2026

Gen Z Is Bringing Foot Traffic Back to U.S. Malls

Younger shoppers prefer in-store experiences, giving select malls renewed traffic and leasing momentum.

Omid Shahbazian

Underallocated Investors Begin Reconsidering Commercial Real Estate After Capital Markets Reset

Newsletters

Mar 17, 2026

Underallocated Investors Begin Reconsidering Commercial Real Estate After Capital Markets Reset

Institutions remain below target allocations as CRE values stay well below 2022 peak.

Omid Shahbazian

Construction Backlog Stabilizes but Work Concentrated in Large Data Center Builders

Newsletters

Mar 16, 2026

Construction Backlog Stabilizes but Work Concentrated in Large Data Center Builders

AI infrastructure drives backlog growth while smaller contractors face weaker pipelines.

Omid Shahbazian

Omid Shahbazian

Tariffs Are Rewriting Every Development Pro Forma

Blackstone's $2B Data Center REIT Reopens IPO Window

How Extended-Stay Became The Last Hotel Product That Still Pencils

Delayed Households Are Reshaping Housing Demand

The Repricing Is Here and Rent Growth Must Carry the Load

Flexspace Growth Masks Structural Gaps in Underwriting Models

Rental Market Fractures as Supply Reshapes Competition

Capital Doesn’t Exit — It Reprices Risk- Weekly Signal

Ceasefire Reprices Rate Expectations as Cut Probabilities Rebound

Inflation Drift Reprices CRE Risk

Infrastructure Scale Doesn’t Guarantee Returns

Industrial Rent Growth Turns Negative as Supply Catches Up

Geopolitics Reprices CRE Risk—Logistics Gains, Capital Pauses

Tokenization and Cryptocurrency Enter the CRE Capital Stack

Multifamily Construction Shows Early Signs of Stabilization

Capital Rotation Signals a Flight to Resilience Across CRE Sectors

Credit Markets Are Forcing CRE Price Discovery

Capital Stack Control Is Rewriting CRE Ownership

The Exit Door Is Open—But It’s Expensive

A Post-Crisis Rule Is Gone—And Distressed CRE May Move Faster Because of It

$875B commercial maturities face 2026 refinancing test

Inflation Slows in CPI but Sticky PCE Keeps Rates Elevated

Gen Z Is Bringing Foot Traffic Back to U.S. Malls

Underallocated Investors Begin Reconsidering Commercial Real Estate After Capital Markets Reset

Construction Backlog Stabilizes but Work Concentrated in Large Data Center Builders

CRE 360 Signal™