CRE Debt & Equity Podcast

#5 - 2026 Land & Development Outlook (ft. Mike Czestochowski, Vice Charmain @ CBRE Land Services Group)

2026 Land & Development Outlook -- Buy Now or Compete Later? After a brutal year in land and development… Is 2026 the opportunity cycle? I’m excited to share my latest conversation with Mike Czestochowski, Vice Chairman at CBRE and one of the most experienced voices in land and development. Last time Mike joined us, he made a call nobody wanted to hear: ➡️ “The worst is yet to come in 2025...there's more pain ahead” - Unfortunately, He nailed it. Now he’s back and he’s making some seriously bold predictions for 2026: 🎧 Listen below to hear: ✅ Why Mike believes “2026 is the year to buy” ✅ His aggressive call: a run on low-rise housing by the fall ✅ Why waiting for “lower prices” could backfire ✅ Ground-related residential land showing real strength ✅ Condo market stress = future opportunity ✅ How buyers are getting aggressive VTB structures ✅ Retail development momentum in growth markets ✅ Industrial land scarcity still driving pricing ✅ Office recovery & how fast sentiment can flip One of Mike’s strongest warnings: ⚠️ “If you don’t buy in ’26, you may be sitting in ’27 saying it’s too late.” He reminds us that markets can snap back quickly once confidence returns ➡️ “All it takes is one or two headlines… …and suddenly there are lineups again.” What if the best buying opportunities of the cycle are happening right now…while most people are still waiting? If you’re a broker, owner, developer, lender or investor, this episode is packed with real-world perspective on where the market is headed in 2026 CONNECT WITH US Mike on LinkedIn - ⁠https://www.linkedin.com/in/mike-czestochowski-4575b212/ ⁠ [https://www.linkedin.com/in/mike-czestochowski-4575b212/] Mike's Website - ⁠https://www.cbre.ca/people/mike-czestochowski⁠ [https://www.cbre.ca/people/mike-czestochowski] Manish on LinkedIn - ⁠https://www.linkedin.com/in/manishjain818/⁠ [https://www.linkedin.com/in/manishjain818/] CRE Debt & Equity Podcast - ⁠https://www.linkedin.com/company/cre-debt-equity-podcast/ [https://www.linkedin.com/company/cre-debt-equity-podcast/]

#4 - The Development & Construction Cycle (ft. Todd Cullen, VP Development @ Fieldgate Properties)

It's no secret that residential home sales are having a tough time. But how are large developers looking at current market opportunities across different asset classes (land, residential, industrial, retail)? Should developers be playing offense or defence? Have land prices bottomed or is there more pain to come? When will the housing market start to recover? On today's podcast episode I am joined by Todd Cullen [https://www.linkedin.com/in/todd-cullen-1a9b62b2/] who is Vice President of Development & Acquisition at Fieldgate Properties for a deep dive on buying and building in today's market. Listen Below to hear: ✅ Understanding why Residential Housing is frozen ✅ Low Rise vs High Rise new construction ✅ Where are the Buyers? ✅ Industrial vs Residential ✅ A Recent Industrial Deal that got 7 bids ✅ COVID, Tariffs & Interest Rates ✅ How do we get housing going again? ✅ What is the best opportunity in today's market? Connect with Todd on LinkedIn @ https://www.linkedin.com/in/todd-cullen-1a9b62b2/ [https://www.linkedin.com/in/todd-cullen-1a9b62b2/] Follow CRE Debt & Equity Podcast [https://www.linkedin.com/company/cre-debt-equity-podcast/] on LinkedIn for Future Episodes!

#3 - Distressed Land Sales in 2025 (ft. Mike Czestochowski, Vice Charmain @ CBRE Land Services Group)

Distress, Receiverships & Land Sales - this week we are joined by Mike Czestochowski, Vice Chairman at CBRE to discuss his outlook for the land market in 2025. Mike is the founder of CBRE's Land Services Group and has seen many CRE cycles in his 40+ years as a land broker. He is widely recognized as one of the top industry experts on development sites and has done some of Canada's largest land transactions. In this episode we discuss: • How does today’s downturn compare to previous cycles? • How long until the high rise condo market comes back? • What’s the key to getting receivership deals done in today’s market? • DEAL DONE: Mike shares a recent complex receivership story • Why receiverships are an important “reset” to the CRE cycle • Is distress increasing or decreasing in 2025? • What size of distressed sale is most common and where is it going? • Why is land so difficult to value? • Mike’s Team: the CBRE Land Services Group • Mike’s Advice to Young Brokers CONNECT WITH US Mike on LinkedIn - https://www.linkedin.com/in/mike-czestochowski-4575b212/ [https://www.linkedin.com/in/mike-czestochowski-4575b212/] Mike's Website - https://www.cbre.ca/people/mike-czestochowski [https://www.cbre.ca/people/mike-czestochowski] Manish on LinkedIn - https://www.linkedin.com/in/manishjain818/ [https://www.linkedin.com/in/manishjain818/] CRE Debt & Equity Podcast - https://www.linkedin.com/company/cre-debt-equity-podcast/ [https://www.linkedin.com/company/cre-debt-equity-podcast/]

#2 - Developing Retail Across Ontario (ft. Lee Greenwood, Partner @ Canadian Commercial)

Just in time for the holiday shopping season we are joined by Lee Greenwood for a deepdive discussion on all things retail. Lee is a partner with Canadian Commercial, a boutique retail owner, investor and developer. Canadian Commercial has an impressive track record of value-add projects in the retail space including new construction, grocery anchored centres and even enclosed malls. In this episode we discuss * How retail has evolved over the years * The threat of E-Commerce * Upside potential in urban retail * Feasibility of new retail construction * Supply & Demand dynamics * Purchasing a large mall from a REIT * CanCom's first apartment development & much more CONNECT WITH US Lee on LinkedIn - ⁠https://www.linkedin.com/in/lee-greenwood-48677418/ [https://www.linkedin.com/in/lee-greenwood-48677418/⁠] Canadian Commercial's Website - https://www.canadiancommercial.ca/ [https://www.canadiancommercial.ca/] Manish on LinkedIn - ⁠https://www.linkedin.com/in/manishjain818/⁠ [https://www.linkedin.com/in/manishjain818/] CRE Debt & Equity Podcast – ⁠https://www.linkedin.com/company/cre-debt-equity-podcast [https://www.linkedin.com/company/cre-debt-equity-podcast]

#1 - The Future of Industrial Real Estate (ft. Fraser McKenna, Vice Chairman @ CBRE)

Welcome to the first ever episode of the CRE Debt & Equity Podcast! Our guest Fraser McKenna is Vice Chairman @ CBRE and has great visibility across the market as he works with a wide array of industrial stakeholders from large Fortune 50 companies to nimble entrepreneurial developers. Fraser joins us to discuss the past, present and future of the industrial real estate market. In this episode we discuss: * How the Industrial Market has evolved * Functionality: What makes an industrial building desirable? * Working with Fortune 50 Companies vs Private Owners * Credit Tenant Leases: The Ultimate Prize for a large scale developer * How rapid interest rate hikes have changed the market * Where is the Opportunity? * What Next? Where are we headed? & much more Big thanks to Fraser for joining us for our very first episode. Thanks for tuning in! CONNECT WITH US Fraser on LinkedIn - https://www.linkedin.com/in/frasermckennaindustrialbroker/ [https://www.linkedin.com/in/frasermckennaindustrialbroker/] Manish on LinkedIn - https://www.linkedin.com/in/manishjain818/ [https://www.linkedin.com/in/manishjain818/] CRE Debt & Equity Podcast – https://www.linkedin.com/company/cre-debt-equity-podcast [https://www.linkedin.com/company/cre-debt-equity-podcast]