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Markets are volatile and #CRE is feeling it. Borrowing costs up. Spreads widening. Gating back in focus. Momentum is still there, but for how long? Tune in to Ep. 89 of the #CREWeeklyDigest: hubs.ly/Q047JwR-0 @CommercialRecap @dpcrocker

CRE activity just hit a new high since May 2022. February marks 2 strong months to start 2026: • More assets for sale • Due diligence rising • Refi activity holding But this was before recent macro volatility. Can the momentum last? hubs.la/Q0475Zwb0 #CommercialRealEstate #CRE #CREActivityIndex #MarketIntelligence #RealEstateData #CRETrends

Markets are on a whipsaw. Oil surged toward $120 per barrel, Treasury yields climbed above 4.20%, and equities swung wildly. What does all of that mean for commercial real estate? This week, Manus Clancy and Dianne Crocker break down the macro chaos shaping CRE right now and why the sector may still be showing surprising resilience. The conversation covers: - Oil price shocks and the ripple effect for inflation and borrowing costs - The rise of the “almost economy” and what it means for CRE demand - Why private equity loan funds gating redemptions could actually stabilize markets - The February @LightBoxRE CRE Activity Index hitting 118.2, its highest level since May 2022 - 1,168 CRE deals closing in February, nearly matching a longer January - And why Gen Z “mall rats” may be a surprising tailwind for retail investors Tune in for the data, deals, and context shaping the CRE market this week: hubs.la/Q046M68L0 @CommercialRecap @dpcrocker

The @LightBoxRE team is proud to sponsor the upcoming NJ Site Remediation Conference. If you are attending, stop by Table #39 to meet our team and see a live demo of City Directories in LightBox Live. Discover a new chapter in historical research. Billions of digitized occupant records, revolutionary adjoining search, and accelerated insights all come together inside LightBox Live, delivering a more powerful, connected way to see a property’s past. Email Greg Hillebrand or Heather Kekac to schedule time for a dedicated demo while you're on-site. We look forward to connecting in New Jersey! #NJSRC2026 @NJLSRPA

The next chapter of industry connection starts now. We’re excited to launch @LightBoxRE Roadshows: Insights and Innovation, a new regional event series bringing environmental due diligence professionals, lenders, and industry leaders together for a morning of market intelligence, practical innovation, and candid conversation. Across six cities, we’ll share: - A data-driven pulse check on national and local market conditions - Insights on emerging technology shaping environmental due diligence - Practical perspectives from industry leaders and lenders - A preview of LightBox product innovation and what’s coming next If you’re navigating shifting CRE conditions, evolving risk expectations, and rapid technology change, this series is designed for you. Atlanta, Georgia – Tuesday, April 21 Charlotte, North Carolina – Wednesday, April 22 Edison, New Jersey – Thursday, April 23 Chicago, Illinois – Tuesday, May 5 Irvine, California – Wednesday, May 6 Seattle, Washington – Thursday, May 7 Seats are limited, and attendance is complimentary. Learn More and Register: hubs.la/Q0466xjc0

Pricing dispersion remains wide in CRE. January deals: • 65% traded higher • 34% sold at a discount • Avg markdown: $31.7M Full LightBox Transaction Tracker report: hubs.la/Q0462BLv0 #CommercialRealEstate #CRE #CapitalMarkets #CREInvesting #RealEstateData

Geopolitics. Private equity stress. Volatile rates. CRE had a lot to digest this week. Oil surged toward $80 a barrel. The 10-year Treasury climbed from 3.95% to 4.15%. All-in borrowing costs are up roughly 35 basis points in two weeks. At the same time, private equity headlines raised fresh questions about systemic risk. Is this a contained reset or the start of something bigger? In Ep. 87 of the #CREWeeklyDigest, Manus Clancy and Dianne Crocker break down: - Market impacts of the Iran shock - Whether private equity stress could spill into commercial real estate - @LightBoxRE data showing a 28% January jump in the CRE Activity Index - An 8% risk in February Phase I environmental site assessment volume - Data center land trades at 4x assessed value in Northern Virginia - Office sales from $1 in Minneapolis to near par in Miami Turbulence is real. But in CRE, so are the green shoots. Tune in for the full breakdown: hubs.la/Q045T5dY0 @dpcrocker @CommercialRecap #CRE #CommercialRealEstate #CapitalMarkets #PrivateEquity #DataCenters #OfficeMarket #InterestRates

A 28% jump back into triple digits tells part of the story. Listings are rising. Appraisal demand is strengthening. Due diligence activity is holding firm. Transaction velocity is improving to start the year. Seasonal bounce? Or the start of measured, incremental improvement? Full report: hubs.la/Q045rYZ50 #CRE #CommercialRealEstate #CREActivityIndex #CapitalMarkets

Is CRE facing contagion risk or entering a Goldilocks window? Episode 86 of the #CREWeeklyDigest breaks down the crosscurrents: - Cooler CPI and a 10-year hovering just above 4% - Job growth at its weakest pace in decades outside a recession - Private equity volatility raising spread and liquidity questions And yet CRE momentum is building. The @LightBoxRE CRE Activity Index surged 28% in January to 110.7, back to triple digits. January logged 145 deals over $50M and $24.1B in closings. Manus Clancy and Dianne Crocker debate two paths: - A bear case where credit stress widens spreads - A rate-driven sweet spot if the 10-year trends toward 3.80% Plus: retail revival, AI office leasing, billion-dollar hotel trades, a 2M SF American Express HQ, and more REIT take-privates. Macro caution. CRE resilience. Listen to Episode 86 for the full breakdown: hubs.la/Q044_CqB0 @CommercialRecap @dpcrocker #CommercialRealEstate #CRE #CapitalMarkets #InterestRates #DealFlow #CRELending

The @LightBoxRE team is heading to Los Angeles next week for @NAIOP I.CON West! If you’re an industrial broker, investor, developer, owner, or office leader, this is your opportunity to connect with the team behind the data powering smarter #CRE decisions. Emily Wood and Greg Kaiser will be on-site and would love to hear what challenges you’re focused on in today’s industrial market, including: - Industrial market intelligence - Site selection & pipeline strategy - Portfolio optimization - Data-driven investment decisions In a market where speed and precision matter, clarity around location data can support more confident decisions. If you’ll be at I.CON West, schedule time to meet with Emily or Greg: hubs.la/Q044WqmR0 See you in LA. #naiopicon #NAIOP #ICONWest #IndustrialRealEstate #CommercialRealEstate #IndustrialCRE #RealEstateInvesting #Development #Brokers

hubs.la/Q044QgBV0 spoke with Alan Agadoni about how integrated city directory data is strengthening Phase I research and reducing blind spots. What once required digging through 1800s phone books is now searchable and defensible. Read more: hubs.la/Q044Qhjm0 #CityDirectories #CommercialRealEstate #EnvironmentalDueDiligence #PhaseI #CRETech

“The risk is not the model. It is the operator.” That line anchored LightBox CTO Eric Bollens’ recent remarks at EBA on AI in environmental due diligence. As adoption accelerates, governance and defensibility have to keep pace. Read his full perspective: hubs.la/Q044qb_t0 #AI #EnvironmentalDueDiligence #PropTech #RiskManagement

The Olympic flame is out. U.S. hockey fans were up at 8:10 a.m. ET for the start of a gold medal win. But one of the most consequential headlines from the Games wasn’t about a medal. PFAS enforcement just moved onto a global stage, expanding the visibility and liability conversation well beyond sport. Meanwhile in CRE: record office delinquencies, easing lending standards, and widening asset-level dispersion. The latest LightBox Signal breaks it down: hubs.la/Q044bxy60 #LightBoxSignal #CommercialRealEstate #CREMarketTrends #PropertyData #CREInsights #EconomicUpdate

The “wall of maturities.” Record-high high delinquencies. Liquidity is back. So which narrative is actually true? In Ep. 85 of the #CREWeeklyDigest, Manus Clancy sits down with Richard Hill of Principal Asset Management for a data-first reset on what’s actually happening in #CRE market and why the headlines may be missing the bigger picture. - 75% of 2025 loan maturities paid off at or before maturity (excluding office). - Delinquencies are a lagging indicator, not a leading one. - This isn’t a beta cycle. It’s an alpha cycle, driven by dispersion across markets and asset classes. Richard digs into: - Why this downturn was more about interest rates than fundamentals - The K-shaped recovery across property types - “Selective conviction” in retail (yes retail) and senior housing - Why logistics may not be the slam dunk everyone assumes - And a contrarian take on why a 3% 10-year Treasury could actually be bad news If you are underwriting 2026 today, this one is required listening. Tune in now: hubs.la/Q043_Wr50 #CommercialRealEstate #CREDebt #CapitalMarkets #MarketCycles #RealEstateResearch #InvestmentStrategy #CMBS #InterestRates @CommercialRecap @LightBoxRE

Investor interest in CRE listings rose 17% in 2025, with office and hospitality leading the rebound. Check out the breakout by sector and what it could signal for 2026. #LightBoxLive #CRE #CapitalMarkets #RealEstateInvesting #MarketTrends #CREData

A new era of historical research. City Directories are now live in LightBox Live. Tens of thousands of digitized books and billions of occupant records, fully mapped and searchable. Learn more: hubs.la/Q043pv3H0 #LightBoxLive #CityDirectories #EnvironmentalDueDiligence #HistoricalPropertyData #CREData #GeospatialIntelligence #PropTechInnovation

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Markets look strong. CRE stocks? Not so much. This week on the #CREWeeklyDigest, Manus Clancy and Dianne Crocker break down a market full of mixed signals: - S&P tops 7,000, Dow crosses 50,000 - 130K jobs added (above December’s 50,000) - Wage growth at 3.7% — above inflation - 10-year Treasury falls ~16 bps - MBA forecasts +27% jump in CRE loan originations in 2026 So why did CRE brokerage stocks sell off 20%+ in two days? The team digs into the disconnect and the comeback stories gaining steam: - AI driving up to 4.3M SF of demand in San Francisco - Chicago multifamily surging as supply stays tight - Simon investing $250M to redevelop high-end malls The mood? Optimistic. Disciplined. Data-driven. Is this a pause or the early innings of a CRE rebound? Tune in to Episode 84 for the full breakdown: hubs.la/Q0432Mbc0 @LightBoxRE @CommercialRecap @dpcrocker #CommercialRealEstate #CRE #CapitalMarkets #Multifamily #OfficeMarket #LightBox

We asked 167 environmental professionals how they’re using AI, what’s working, and what still gives them pause. The report distills the findings into five signals, from real-world usage patterns and governance gaps to client behavior and ongoing concerns about accuracy and liability. Download the full survey results to explore AI’s early role in environmental due diligence: hubs.la/Q042Y5r90 #EnvironmentalDueDiligence #AI #CRE #ResponsibleAI

Can commercial real estate really predict the Super Bowl? There’s a long-running industry legend that former NFL great Roger Staubach once picked Super Bowl winners based on which city had the stronger commercial real estate market. Looking at the LightBox data, Seattle showed stronger CRE momentum heading into the big game. The premise may be unconventional, but the underlying signal isn’t. This week’s LightBox Signal breaks down what that data says about confidence, volatility, and where momentum is building. Read more: hubs.la/Q042jHLx0 #LightBoxSignal #CommercialRealEstate #CREMarketTrends #PropertyData #CREInsights #EconomicSignals