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Good morning. Welcome to CREalts! Every day, we cover the top stories in alternative CRE sectors. One scroll saves you hours. Today, we learn about the office lending clampdown and the closure of Brightspire’s nearly $1B CLO.
Today’s issue is sponsored by DealNav - the simple and affordable CRM and deal management tool with an easy interface and integrated map.
CREDIT CLAMPDOWN: CRE lenders crack down amid record office loan defaults and falling values. Read more here.
CLO CLOSURE: BrightSpire Capital closes $955M CRE CLO, plans redemption of 2021 securitization. PLAYERS: Andy Witt, Matthew Heslin. Read more here.
SENIOR MOMENT: Construction work finally begins on long-delayed senior housing project on Long Island. PLAYER: Philip Kroskin. Read more here.
CLEAN RECORDS: LightBox launches new ASTM-aligned City Directories in LightBox Live to improve Phase I environmental reviews. PLAYERS: Eric Frank, Albert Lojko. Read more here.
DATA CENTERS: Microsoft files plans for 15 additional data centers in Wisconsin. Read more here.
DATA CENTERS: Equinix brings 20MW data center online. PLAYER: Arquelle Shaw. Read more here.
DATA CENTERS: Switch buys 176 AC near Las Vegas for data center development for $85.5M. Read more here.
DATA CENTERS: Companies are powering data centers with converted aircraft engines. Read more here.
DATA CENTERS: Developer plans 4M SF data center campus outside Atlanta. Read more here.
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SOLAR: RAI Energy Intl. sells Big River Energy Farm solar and storage project near Quincy, WA. PLAYER: Mohammed Alrai. Read more here.
SOLAR: Silicon Ranch creates website to address community concerns about proposed solar farm in Alabama. Read more here.
ENERGY: White House says Japan will invest in energy infrastructure projects in Georgia, Ohio, and Texas. Read more here.
ENERGY: UK’s Octopus Energy invests nearly $1B in California clean tech, scaling up its US presence. Read more here.
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Disclaimer: The authors of CREalts are not finance or tax experts. This email is for educational use and not financial advice. Do your own research and consult with professionals before making financial decisions. Our content, which may contain affiliate links and sponsor posts, is subjective and not to be used as the only basis for such decisions. We are not responsible for any losses from relying on this information. Past performance of any asset is not indicative of future results.
