Don Peebles, The Peebles Corporation CEO and chairman, joins ‘The Exchange’ to discuss the challenges of valuing buildings in today’s climate, the government’s involvement in commercial real estate assessment, and more.

Credit: CNBC

By A.R. Shaw, Executive Editor

Several of the top business and social leaders made their way to Atlanta for the 2024 TSP Game Plan. The three-day event featured workshops designed to help business owners and entrepreneurs reach business growth.

Some notable names include Master P (Founder, P. Miller Enterprises and No Limit Records), Don Peebles (Chairman & CEO, The Peebles Corporation), Dr. Boyce Watkins (Founder, Black Business School) Arlan Hamilton (Founder, Backstage Capital).

Former Atlanta Mayor Keisha Lance Bottoms served as a headliner for Mastermind Day which also featured Mastermind Day featured Clate Mask (Founder of KEAP) and Arlan Hamilton (Founder, Backstage Capital).

Lamar Tyler spoke with ADW and shared how attendees can maximize the event.

Lamar Tyler spoke with ADW and shared how attendees must implement action plans after the event.

“I want people to execute,” Tyler said. “They come and take all the notes and they feel like they are the notebook champion. What can you actually take out of here, get done and the next time they come back be at another level. We do this every six months because entrepreneurship is a roller coaster. And people leave here, they are at the top and feeling great. But life can happen and you can fall off track. So we’re here to keep you going.”

Credit: Atlanta Daily World

Peebles Corporation founder and CEO Don Peebles discusses the commercial real estate market and explains why he has not endorsed a 2024 presidential candidate on 'The Big Money Show.'

Credit: Fox Business

By Kristen Altus

A New York Times bestselling author and a real estate entrepreneur have started to echo similar warning signs amid "massive" issues within the commercial sector.

"It's a slow-moving train wreck," The Bear Traps Report founder Larry McDonald said on "Mornings with Maria" Tuesday. "This is why the Fed is the beast in the market, it has the Fed by a stranglehold because it's close to $2 trillion of maturities in the commercial real estate space. And then, if you look at high-yield leverage loans and investment grade bonds in the U.S. corporate market, it's another $1.9 trillion. So the Fed is going to be forced this year to cut rates dramatically."

"These buildings cannot service the debt," Peebles Corporation founder and CEO Don Peebles added on the panel. "They're worth a fraction of what the original values were when these loans were made. And you're going to see massive defaults because there's no solution in many of these instances."

Their comments are strikingly similar to Cantor Fitzgerald CEO Howard Lutnick’s warning last week that a "generational" shift was on the horizon, painting a "very ugly" picture for America’s real estate market in 2024.

"I think $700 billion could default… The lenders are going to have to do things with them. They're going to be selling. It's going to be a generational change in real estate coming, end of 2024 and all of 2025. We will be talking about real estate being just a massive change, $700 billion to $1 trillion in defaults coming," Lutnick stressed to Maria Bartiromo at the World Economic Forum in Davos.

Larry McDonald and Don Peebles discussed commercial real estate in a "Mornings with Maria" panel Tuesday. (Fox News)

The factors causing default worries is "two-fold," Peebles explained: "One, that these buildings, the contract vacancy rates have increased significantly, up to about 20% in places like New York City, for example. And then of that remaining 80%, less than half of it gets occupied. And that's because there's been a seismic shift on how people work and where they are working."

McDonald agreed with Peebles’ analysis, and both argued the "only way" to help the situation and slow down the default process is with "aggressive rate cuts" from the Federal Reserve.

"I completely agree," McDonald chimed in. "I think somewhere between like March, April, May, the probability of a soft landing in the eyes of Wall Street is going to come down dramatically. And that beast in the market, because of this emerging credit risk, all these maturities within the next two years, that eventually triggers a significant rate cut in the middle of the year."

"And remember, this is the most progressive Fed we've ever seen," McDonald continued. "It's a very left-leaning Fed. So they're going to try to help the current White House. They'll do everything possible."

Credit: FOX Business

By Brian Sullivan

“Florida's now the second largest and strongest residential real estate market in the country,” says  @peebles_don. “Florida will continue to grow because the fundamentals are good… I think Miami’s had a big run [but] I think the opportunities are going to be the west coast.”

Credit: CNBC

Don Peebles, The Peebles Corporation CEO and chairman, joins ‘Squawk Box’ to discuss the commercial real estate sector, potential impact on the financial sector, and more.

Credit: CNBC

By Matt Wasielewski

The owner of the Clevelander South Beach lost many of its hospitality workers during the height of the pandemic as patrons stopped frequenting the hotel and bar.

Credit: Bisnow