THIS WEEK ... 
 

Deloitte’s 2025 CRE Executive Survey says it bluntly: the recovery has “paused.” Optimism is cooling and capital availability has overtaken interest rates as the industry’s top fear. On the other hand, office, written off by many, is showing signs of life. 

On this episode of First Draft Live, Deloitte Vice Chair and U.S. Real Estate Sector Leader Sally Ann Flood unpacks the cracks and catalysts defining the next cycle. With $585B of dry powder and loan volume up 90% year over year, capital is flowing — even as legacy maturities loom like a wrecking ball. 

We’ll dig into whether office has really hit bottom, why smart money is circling distress and how AI is shifting from hype to hard lessons in CRE.

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Every Friday at 12:30 p.m. ET, we go live with industry experts for a sharp, timely conversation on the week’s most impactful topic — inspired by our daily newsletter, The First Draft. Whether it’s CRE capital trends, policy changes, or sector-specific activity, we break down what it means for your business right now.

We’ve hosted some of the industry's top voices — and there's more to come. Bring your questions, join the conversation, or catch the replay within 24 hours if you can't attend live.

Interested in speaking? Contact Director of Global Production Elizabeth Baker at liz.baker@bisnow.com.