Amazon's Shreveport campus makes water the underwriting constraint
A $400 million water system attached to a data-center site shows hyperscalers are pricing municipal water risk as their own.
August 28
The Wrap Desk 10 stories this week · 55 total
The Momentum
The refinancing wall is breaking in layers
From C-PACE on stabilized condos to convertibles on data centers, each layer of the stack is pricing a different risk.
The Ground Floor
Data-center volume tests the stabilized-asset bid
Mapletree's 22-building sale will show whether July's record was construction momentum or an infrastructure repricing.
Midwood's CFO hire puts capital planning in the C-suite
Aarthi Bansidhar's arrival puts capital planning at the center of Midwood's next two projects.
Office debt reopens only after a trade sets the price
Wells Fargo's Workspace foreclosure and Doral refinance show lenders are writing office loans behind equity events, not recovery bets.
Kennedy Wilson hires Jamison's Jaime Lee to lead global capital push
The former Jamison CEO will raise capital for a $37 billion platform built on the bet that Los Angeles housing lessons travel.
The $92B pivot from buying to building
Development, rather than reset-value acquisitions, is the post-repricing trade—and data centers are where the scarcity bites hardest.
PRP Real Assets adds Cole Cook for multifamily push
The New York-based apartment dealmaker with nine years of multifamily investing arrives days after the firm consolidated capital formation under one executive.
ICO Development names Daysi Warren COO and CFO
A $500M private CRE firm combines planning and finance in one new hire.
Kennedy Wilson hires Jamison CEO Jaime Lee for capital markets
Jaime Lee, who ran Los Angeles-based Jamison, will lead capital formation as Kennedy Wilson expands its investment management platform.
Cliffwater taps GIC's Sam Walsh for Cascade real assets team
A former GIC Americas real estate executive with equity and credit experience joins Cliffwater's Cascade real assets team.
Owners stack new debt to ride out the maturity wall
A record C-PACE loan in Boston anchors a wave of layered refinancing that keeps assets in place.
UK's first RIF goes live with £118m and a £700m target
A seven-year campaign produced an onshore fund wrapper built to win on costs. The next £582m will prove its case.
First UK Reserved Investor Fund opens with housing as its test
The vehicle launched in late July with £118m of local authority and institutional capital. The target is £700m by 2030.
Blackstone's BREIT exits self-storage, bets on data centers
The trust sold 79 storage properties and closed an $852 million data center deal the same day it announced a QTS partnership.