This series goes deep with some of the most compelling figures in commercial real estate: the deal-makers, the game-changers, the city-shapers and the larger-than-life personalities who keep CRE interesting. Data has scarcely been more crucial to success in the commercial real estate industry than in the years since the pandemic hit. And as rising interest rates have made the waters choppier than they have been in more than a decade, the need for data, especially on distressed property, has only grown. With distress growing across the market, one trusted source of that data is Manus Clancy, who earlier this month left his position of nearly three decades at Trepp to take a senior management position at commercial real estate data and analytics company LightBox. Clancy worked extensively on the CMBS market at Trepp, but at LightBox he will extend his scope beyond CMBS, a market he says represents only about 15% of the debt in CRE. At LightBox, he'll focus on building new tools to look at and understand a broader swath of CRE data for a variety of clients. Bisnow spoke with Clancy in his first week in his new position about the turmoil the market has faced and why he has some optimism about 2024. Bisnow: You made the move from Trepp to head of data strategy at LightBox. How is what you're doing at LightBox different than what you did at Trepp, if it's different at all? Manus Clancy: It is different. At Trepp, much of my role was writing, research,… Read Full Story | 
