The Fed says that rate cuts are coming, but they keep providing servings of 'on the other hand.'

Q1 shows less repricing with an average slight drop and materials price growth moderating.

They found that doing less was much more.

Bank loan delinquencies are rising while loss rates are back above recent lows.

The point of technology is typically to reduce the need to hire people, even if there are other reasons for it.

They don't replace major hospitals, opening an opportunity in medical CRE development and investment.

That's the combination of $600 billion new and $270 billion from 2023 that are likely extensions.

But for the time being, it's early and there are significant obstacles to deal making.