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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

Lyft, Uber, Waymo and Zoox lease nearly 1M sf of robotaxi industrial space this year

The four companies' new leases top the 830,000 square feet they signed from 2022 through 2025 combined, according to Cushman & Wakefield data obtained by Bisnow.

The Wrap

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

The proposal reserves 412 apartments at up to 120 percent of area median income and seeks a 50 percent parking reduction after multifamily starts fell nearly 22 percent in August.

Deals

Marcus & Millichap announces 206-unit Fort Wayne sale after 50-year family hold

The buyer is an Illinois investor planning interior renovations; the announcement does not include a price.

Fundraising

Arbor South receives final state approval for 20-acre Ann Arbor project

The mixed-use plan carries more than 1,000 apartments and condominiums, 100,000 square feet of ground-floor commercial space and a hotel.

The Wrap

Oracle's rent notice and PJM's curtailment plan test who carries grid risk

A mutual-consent force majeure clause turns an $18 billion data-center debt stack into a negotiation over when the rent stops.

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