Navigating Economic Uncertainty in Real Estate: A Conversation with Dan Sullivan and Victor Calanog

In our latest episode, we had the pleasure of hosting two brilliant minds in the world of economics and real estate: Dan Sullivan and Victor Calanog.

Victor, with his wealth of experience and a knack for breaking down complex economic trends, shares his thoughts on the probability of a recession, the Federal Reserve's rate cycle, and the potential for a soft landing in the economy.

As we delve into the specifics, Victor provides a unique perspective on the role of AI in the economy, the intricacies of office sector investments, and the importance of sustainability in today's investment strategies. From discussing the only construction loan for office development in Chicago to exploring the nuances of return-to-work trends across different geographies, this episode is packed with valuable insights for investors, economists, and anyone interested in the future of real estate.

Whether you're looking to understand the potential for rate cuts, the impact of AI on productivity and innovation, or seeking contrarian investment opportunities, this conversation is sure to provide you with thought-provoking analysis and a glimpse into the minds of industry experts.

Timestamps:

• 00:00 - Introduction to Dan Sullivan and Victor Calanog
• 00:44 - Current economic environment and recession probabilities
• 02:29 - Rate cycle and market predictions
• 04:09 - Global economic perspective and US competitiveness
• 06:02 - The Fed's guidance on rate cuts
• 09:30 - AI's impact on the economy and real estate sector
• 15:24 - Manulife's contrarian office deal in Chicago
• 18:05 - The future of the office sector and asset valuation
• 20:15 - Return-to-work trends in the US compared to other countries
• 25:19 - Seeking alpha in today's market
• 27:01 - Audience Q&A: Sustainability in investing
• 29:15 - Audience Q&A: US debt and global competitiveness