CRE360 Morning Pulse - November 6th, 2025
Download MP3Deal volume is down 37% YoY, but data centers and retail are holding strong while office and multifamily slide. The 39-day federal shutdown is freezing $3.2B in HUD loans, and $58B in CRE debt comes due this quarter — a real test for refinancing risk.
In 60 seconds:
- Winners: Data centers + retail
- Losers: Office + multifamily
- Key watchpoints: loan maturities, Fed tone, and shutdown fallout
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