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Private Real Estate Daily

from Private Wealth Daily

The edition as it went to readers: 5 stories.

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The lead

Multifamily starts fell nearly 22% in August as CRE debt funds held record dry powder

A record $56 billion in CRE debt-fund dry powder is chasing the few construction projects whose sponsors can clear the equity check.

Sectors

CBRE survey finds half of Asia-Pacific occupiers plan to expand offices

Attendance has reached what the survey calls a steady state, and the same occupiers favour premium buildings in central business districts.

Fundraising

Georgia-Pacific abandons Atlanta conversion as diesel and materials costs break budgets

Construction materials prices rose 13.3% year over year and diesel topped $6.50 a gallon at an all-time high, according to industry and federal data.

Sectors

What PJM's data center curtailment plan means for project pro formas

PJM has asked federal regulators to approve a framework that would let it cut power to new data centers that add no capacity to the grid.

Sectors

Crescent Heights files 1,030-unit Live Local plan for Miami's Edgewater

The two-tower proposal at 3180 Biscayne Boulevard sets aside 412 apartments at up to 120 percent of area median income and seeks a 50 percent parking reduction.

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