50 STORIES

Aerial view of Riot’s Rockdale, Texas campus: two long white barrel-roofed data halls running to the horizon, ranks of grey air-cooled condenser units and transformer pads lining the service road beside them, a blue mobile crane and boom lifts at work mid-construction, coiled cable and pallets on the graded verge, with a power plant’s stacks visible in the distance

THE LEAD / CRE CAPITAL NEWS

AUG 15, 202615 MIN READ5 SOURCES

Riot’s $573M Bridge Matures Before the Rent Starts

Riot Platforms filed a Form 8-K on August 14 reporting that a project subsidiary closed a senior secured delayed-draw term loan of up to $573.0 million, with Morgan Stanley Senior Funding as administrative agent, to buy long-lead equipment for the 191 critical IT megawatt data center at its Rockdale campus. The loans mature December 31, 2026. The first megawatts are not due to energize until December 2027.

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PSV ORIGINAL REPORTING & ANALYSIS

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Source-cited reporting and operator analysis for commercial real estate teams. Filter by desk, format, or the question in front of you.

Aerial view of a UK logistics park: three long warehouse buildings with curved white roofs, two of them part-covered in solar panels, arranged around wide empty car parks and a landscaped drainage channel, with green farmland and a line of wind turbines on the horizon under a bright cloudy sky

DEVELOPING STORY / 01

CRE CAPITAL NEWS

01 / 04

Prologis’ $18.8B SEGRO Deal: Power Is the Asset

Prologis agreed on August 4 to acquire SEGRO plc in a recommended share offer with a partial cash alternative, valuing SEGRO at approximately $18.8 billion. The press release sells European scale: 368 million square feet and a 126 percent larger European land bank. The Rule 2.7 announcement filed with the SEC names the thing scale does not describe, which is 2.5 GVA of power.

AUG 10, 202613 MIN READ5 SOURCES

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Aerial rendering of a long, low concrete factory whose open central deck is packed with rows of tall cylindrical tanks and process equipment, ringed by empty parking and surrounded by beige tilt-up warehouses under a hazy sky, with the words Factory 3 and the figures 290K sq. ft. and $200 million plus capital investment set over the top of the frame

DEVELOPING STORY / 02

CRE CAPITAL NEWS

02 / 04

Hadrian’s $1.37B Raise: One Building Is 77% of It

Hadrian said on August 6 that it raised $1.37 billion at a $7.87 billion valuation to build more highly automated factories, with JPMorganChase’s Strategic Investment Group as anchor co-lead. The company puts its footprint at just under 3 million square feet across four sites. Its own earlier release shows that 2.2 million of that is a single repurposed railcar plant in rural Alabama.

AUG 9, 202611 MIN READ5 SOURCES

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Black and white photograph of a single-story industrial building shot from below against a bright sky, its walls and barrel-vaulted roof clad in vertical corrugated metal, with two tall louvred vents set into the near elevation and a metal flue rising from a taller structure behind it

DEVELOPING STORY / 03

CRE CAPITAL NEWS

03 / 04

Alpaca’s $223M Close: The AI Stack Was the Pitch

Alpaca Real Estate said on August 6 that it held the final close of its debut fund at approximately $223 million, inclusive of roughly $21 million of co-investments, about 18 months after the first close. Public pensions, foundations and RIAs underwrote a first-time manager whose stated differentiator is a proprietary AI platform. The interesting number is not the fund size.

AUG 7, 202610 MIN READ5 SOURCES

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DEVELOPING STORY / 04

CRE CAPITAL NEWS

04 / 04

Brookfield’s Record $77B Quarter: Real Estate Took 5.6 Percent

Brookfield Asset Management furnished its second quarter results to the SEC on August 6, reporting a record $77 billion raised in the quarter and more than $1 trillion of assets under management. Read the segment lines and the story changes. Real estate strategies took $4.3 billion of that, roughly 5.6 percent, while credit took $51 billion and AI infrastructure got a fund of its own.

AUG 6, 202610 MIN READ4 SOURCES

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42 STORIES / NEWEST FIRST

05BRIEF

CRE CAPITAL NEWS

Apollo’s $1.02B Into Starwood’s REIT: The CRE Read

Starwood Real Estate Income Trust told the SEC on August 4 that it closed a joint venture with Apollo the day before, taking a $1.02 billion investment for 41.5 percent of a vehicle holding roughly 120 of its affordable housing properties. The proceeds repay a credit facility. Read past the equity headline and the structure looks like something else.

AUG 5, 202612 MIN READ4 SOURCES

06BRIEF

CRE CAPITAL NEWS

Meta, BlackRock, and the $13B Residual Value Guarantee

Meta and BlackRock will co-develop a roughly $14 billion, 1 gigawatt data center campus in El Paso, with BlackRock funds owning 80 percent and Meta 20. Meta’s own quarterly filing adds the part the press release does not lead with: each lease runs an initial four-year term, and Meta backs the campus with residual value guarantees of approximately $13 billion.

AUG 4, 20269 MIN READ3 SOURCES

07BRIEF

CRE CAPITAL NEWS

JPMorganChase Pledges $750B to Housing: The CRE Read

The nation’s largest multifamily lender said on August 3 that it intends to deploy more than $750 billion through 2035 to increase housing supply and support homeownership, an increase of more than $200 billion over the prior decade. The pledge covers financing for 1,000,000 affordable units and 500,000 homebuyers. It also carries a condition most coverage will skip.

AUG 3, 202612 MIN READ4 SOURCES

08BRIEF

CRE CAPITAL NEWS

DOE Leases Paducah for a $100B AI Campus: The CRE Read

The Department of Energy said on July 29 that it selected Brookfield to lease land and develop a data center campus at its Paducah Site in western Kentucky, and selected NextEra Energy to build and own the power behind it. The partners put the privately funded investment above $100 billion, with up to 1.8 gigawatts of utility capacity and more than 1.2 gigawatts of compute. No tenant has been named.

AUG 2, 202612 MIN READ3 SOURCES

09BRIEF

CRE CAPITAL NEWS

Amazon Ran Free Cash Flow Negative to Build AI: The CRE Read

Amazon reported second quarter results on July 30 and filed its Form 10-Q on July 31. Net sales were $200.6 billion, up 20 percent, and AWS grew 37 percent, its fastest in 18 quarters. The number that matters to real estate sits lower in the release: trailing twelve month free cash flow swung to an outflow of $7.6 billion, and Amazon attributes the swing to artificial intelligence.

AUG 1, 202612 MIN READ4 SOURCES

10BRIEF

CRE CAPITAL NEWS

Microsoft Says Its Data Centers Last 25 Years: The CRE Read

On its July 29 earnings call, Microsoft told investors it is extending the estimated useful lives of its datacenters and office buildings from 15 years to 25 years, effective with fiscal 2027, and that more of its future datacenter leases will therefore shift from finance leases to operating leases. The reported capital expenditure number falls to about $175 billion. The commitment behind it does not.

JUL 31, 202611 MIN READ5 SOURCES

11BRIEF

CRE CAPITAL NEWS

CBRE’s Infrastructure Line Outgrew Leasing: The CRE Read

CBRE reported second quarter revenue of $11.2 billion on July 29, up 15.5 percent, and raised its 2026 core EPS outlook to $7.80 to $7.90. Buried in the segment detail is the number that matters to operators: revenue from critical infrastructure services reached $676 million, up from $403 million a year earlier, and that one line added more new revenue in the quarter than global leasing did.

JUL 30, 20269 MIN READ5 SOURCES

12BRIEF

CRE POLICY NEWS

PJM Moves to Curtail Data Centers: The CRE Read on Firm Power

The PJM Board of Managers issued a decisional letter on July 27 directing two filings to FERC by the end of July. One creates a Reliability Backstop Procurement to backfill a 6,831 megawatt capacity shortfall. The other creates an Interim Resource Adequacy Service, under which new large loads that have not brought their own new capacity by June 1, 2027 are cut before anybody else is.

JUL 29, 202610 MIN READ5 SOURCES

13BRIEF

CRE POLICY NEWS

OpenAI’s $20B Project Camellia: The CRE Read on an Unfiled Entitlement

Effingham County, Georgia announced on July 22 that OpenAI will build a $20 billion, 3.2 gigawatt campus inside the Savannah Gateway Industrial Hub. Five days later the county published a second statement: the only document it has received is a Development of Regional Impact cover page, no completed application has been submitted, and the site plan circulating online is a blank state template someone filled in.

JUL 28, 20269 MIN READ5 SOURCES

14ANALYSIS

OPERATING STANDARD

The PSV Production Standard: How AI Work Ships in Commercial Real Estate Operations

Every PSV workflow guide closes by applying the same operating standard to its own workflow: appraisal, underwriting, leasing, due diligence, and the rest. This is the canonical statement of that standard. It defines what a production AI workflow needs before a commercial real estate team should trust it with consequential work: a named job, a disciplined source boundary, separated output layers, a designed exception path, a durable approval record, and measurement based on decision quality.

JUL 28, 20267 MIN READ

15BRIEF

CRE CAPITAL NEWS

Brookfield Buys Aypa for $7B: The CRE Read on AI Power

Brookfield said on July 22 that it agreed to acquire Aypa Power, the largest standalone battery storage developer in North America, from Blackstone Energy Transition Partners for roughly $7 billion enterprise value and $3 billion of equity. Aypa brings about 6.5 GW operating and contracted, 95 percent of it under contracts averaging 17 years, plus a pipeline above 20 GW. For real estate, the binding constraint on AI has moved from land to electrons.

JUL 25, 20269 MIN READ3 SOURCES

16BRIEF

CRE CAPITAL NEWS

Alphabet Raises AI Spend to $205B: The CRE Read on the Capex Floor

Alphabet reported second-quarter results on July 22 and told investors it now expects to spend $195 billion to $205 billion on capital expenditures this year, up from $180 billion to $190 billion. Filed quarterly capex hit a record $44.9 billion, roughly double a year earlier, and free cash flow turned negative. Management says about 40 percent of the spend goes to data centers and networking. For real estate, that number is the demand floor under the entire data center thesis.

JUL 24, 20268 MIN READ4 SOURCES

17BRIEF

CRE CAPITAL NEWS

Fifth Wall Backs Atoms: Why the Biggest Proptech Fund Just Bet on Robots as Tenants

Travis Kalanick’s Atoms announced a $1.7 billion equity round on July 22, led by Andreessen Horowitz, with Ben Horowitz joining the board and Bain Capital, Uber, and Fifth Wall participating. Fifth Wall’s check has been reported at $135 million, which would be the real estate fund’s largest single investment. The read that matters for CRE: physical AI treats real estate as its storage layer, and the tenants it creates are robots.

JUL 23, 20267 MIN READ3 SOURCES

18BRIEF

CRE PROPTECH NEWS

SwiftConnect Buys HID SAFE: The CRE Read on Access Governance

SwiftConnect said on July 22 it acquired HID’s Workforce Business Unit, including HID SAFE, the physical identity and access management suite, and is folding it into its cloud AccessCloud platform. HID keeps a minority, non-controlling stake, and financial terms were not disclosed. For real estate, the deal pushes building access toward one system that both credentials people and governs who is allowed where, and revokes that access automatically when roles change.

JUL 23, 20267 MIN READ2 SOURCES

19BRIEF

CRE CAPITAL NEWS

Hut 8’s $9.8B Beacon Point Lease: The CRE Read on a Fully Leased AI Campus

Hut 8 said on July 20 it signed a second 15-year lease at its Beacon Point campus in Nueces County, Texas, a 352 megawatt deal with a base-term contract value of $9.8 billion. The lease fully commercializes the one-gigawatt campus, doubling the tenant’s contracted capacity to 704 megawatts. For real estate, the detail that matters is the structure: a triple-net, take-or-pay lease to a single investment-grade tenant, energizing in 2027.

JUL 22, 20267 MIN READ2 SOURCES

20BRIEF

CRE CAPITAL NEWS

IREN Signed $2.8B in AI Contracts. The CRE Read on a New Data Center Capital Stack

IREN Limited said on July 20 it signed $2.8 billion in new multi-year cloud contracts with leading AI developers, raising its 2026 AI Cloud run-rate revenue target above $4 billion. The detail that matters for real estate is how it is funded: customer prepayments covering roughly 45 percent of the associated GPU capital, on top of equipment-backed financing. The AI data center is being underwritten on contracted cash flow, not speculation.

JUL 21, 20266 MIN READ3 SOURCES

21BRIEF

CRE CAPITAL NEWS

BlackRock and ACS Launch Coravel: The CRE Read on a 1.7 GW Data Center Bet

ACS Group and BlackRock’s Global Infrastructure Partners launched Coravel on July 15, a 50-50 joint venture that turns their data center development platform into an operating brand with an initial 1.7 gigawatt portfolio and a signed long-term hyperscale lease at a Dallas-Fort Worth campus. For commercial real estate, it is another sign that the largest infrastructure capital pools are building the AI buildout as a real estate business.

JUL 20, 20266 MIN READ3 SOURCES

22BRIEF

CRE CAPITAL NEWS

Csquare Raised $1.05B. The Data Center Market Is Asking for Proof.

Brookfield-backed Csquare priced its initial public offering at $21 a share, below its marketed $23 to $27 range, raising $1.05 billion rather than the $1.35 billion implied at the top end. The result does not erase demand for digital infrastructure. It does put a sharper public-market price on leverage, delivery, and the difference between a data center story and a data center cash flow.

JUL 18, 20266 MIN READ3 SOURCES

23ANALYSIS

CRE AI ADOPTION

How Heads of Acquisitions Move AI Pilots to Production

Most commercial real estate AI pilots impress in a demo and then stall before the investment committee. The gap is rarely the model. It is the operating wrapper the pilot never had.

JUL 18, 20266 MIN READ2 SOURCES

24BRIEF

CRE CAPITAL NEWS

TSMC Lifts Arizona to $265 Billion: The CRE Read

TSMC used its record second quarter to commit another $100 billion to Arizona, lifting its total state investment to $265 billion across a planned ten fabs, two advanced packaging plants, and a research center. The expansion is driven by demand for AI chips, and for commercial real estate it concentrates one of the country’s largest advanced-manufacturing buildouts in a single Phoenix submarket.

JUL 18, 20266 MIN READ4 SOURCES

25ANALYSIS

CRE AI VALUATION

AI in Commercial Real Estate Appraisal: The Workfile, Not the Signature

AI can now read the deal file, assemble the comparable grid, and draft the narrative sections of a commercial appraisal. What it cannot do is sign. The useful question for a valuation team is how to take the first fact seriously without forgetting the second.

JUL 17, 20267 MIN READ2 SOURCES

26ANALYSIS

CRE AI EDUCATION

Choosing an AI Course for Commercial Real Estate: The Criteria That Matter

Search interest in an AI course for commercial real estate keeps climbing, and the supply of programs is climbing with it. Most will not change how you work on Monday. The ones that do share a recognizable shape, and it can be evaluated before you pay.

JUL 17, 20266 MIN READ2 SOURCES

27BRIEF

CRE POLICY NEWS

New York’s Hyperscale Data Center Moratorium: The CRE Read

Governor Kathy Hochul signed Executive Order 62 on July 14, pausing state environmental permits for new hyperscale data centers of 50 megawatts or more for up to one year while New York writes a statewide environmental study and new development standards. It is the first statewide freeze in the country, and it lands on the hottest development pipeline in commercial real estate.

JUL 17, 20266 MIN READ4 SOURCES

28BRIEF

CRE PROPTECH NEWS

RealPage Acquires Cherre: The CRE Data Consolidation Read

RealPage says it has acquired Cherre, the data intelligence platform institutional owners use to resolve more than 4 billion entities across roughly $4 trillion in real assets. Terms were not disclosed. The companies promise operational independence and an open platform. For operators, the durable question is contractual: who now owns the pipes your portfolio data runs through, and on what terms.

JUL 15, 20266 MIN READ2 SOURCES

29BRIEF

CRE CAPITAL NEWS

Hines Buys 405 Colorado at $734 a Foot: The Trophy-Office Signal

Hines Global Income Trust paid about $151 million for a fully leased Class AA Austin tower and paired it with grocery-anchored retail in Chicago. The bid is back for one narrow profile of office. The discipline is knowing whether your asset fits it.

JUL 14, 20266 MIN READ2 SOURCES

30BRIEF

CRE AI NEWS

Meta’s $50B Hyperion Expansion: The CRE Read on a 5 GW Campus

Meta says its Richland Parish campus will reach about 10 million square feet and 5 gigawatts, with more than $50 billion committed. The durable CRE signal is what a commitment this size does to land, power, housing, and industrial demand around it, and which documents actually move value.

JUL 14, 20266 MIN READ2 SOURCES

31BRIEF

CRE POLICY NEWS

The ROAD to Housing Act Is Law: What Changes for CRE Investors

The broadest federal housing law in years took effect on July 11 without a presidential signature. It restricts large-scale purchases of single-family homes while exempting build-to-rent development, and it ships a supply-side stack most coverage is skipping.

JUL 14, 20266 MIN READ3 SOURCES

32BRIEF

CRE AI NEWS

Guthrie AI’s $4M Seed: The CRE Implication for Bid Coordination

Guthrie AI says its new funding will expand a hybrid bid-assistant program for glazing contractors. For developers and owners, the useful signal is not autonomous pricing. It is faster, more visible preparation of the bid package before an estimator makes the call.

JUL 13, 20266 MIN READ2 SOURCES

33ANALYSIS

PERPLEXITY COMPUTER

Perplexity Computer’s July 2026 Update for Commercial Real Estate

What source-linked memory, private-company research, model-level analytics, and controlled web publishing change for recurring CRE research, and where the human approval gates still belong.

JUL 13, 20269 MIN READ7 SOURCES

34ANALYSIS

PROPERTY OPERATIONS

AI for Commercial Property Management: Work Orders, CAM, Leases, and Tenant Service

Where AI can assist a commercial property-management team, where deterministic systems must remain authoritative, and which tenant-facing actions always require controls.

JUL 12, 20266 MIN READ2 SOURCES

35ANALYSIS

ASSET MANAGEMENT

AI for Commercial Real Estate Asset Management: A Portfolio Operating System

A practical framework for variance review, lease-event monitoring, capital planning, property-manager follow-up, and investor reporting across a CRE portfolio.

JUL 12, 20266 MIN READ3 SOURCES

36ANALYSIS

BROKERAGE

AI for Commercial Real Estate Brokers: The Workflows That Actually Move a Deal

A practical operating guide to using AI across prospecting, pursuit research, BOV production, listing materials, and follow-up without giving away the broker's judgment or voice.

JUL 12, 20266 MIN READ2 SOURCES

37ANALYSIS

DEVELOPMENT

AI for Commercial Real Estate Developers: Feasibility, Entitlements, Cost, and Schedule

A development-focused AI workflow for site screening, feasibility, entitlement research, consultant coordination, budget review, schedule risk, and investment-committee preparation.

JUL 12, 20266 MIN READ4 SOURCES

38ANALYSIS

DUE DILIGENCE

AI for Commercial Real Estate Due Diligence: Build the Exception Desk

A source-controlled approach to document inventory, lease and financial reconciliation, environmental and physical review, open-item tracking, and decision-ready diligence reporting.

JUL 12, 20266 MIN READ4 SOURCES

39ANALYSIS

LEASING

AI for Commercial Real Estate Leasing: From Tenant Research to Approved Proposal

How leasing teams can use AI for tenant research, requirement tracking, tour preparation, proposal drafting, lease-event monitoring, and follow-up while keeping deal terms and communications controlled.

JUL 12, 20266 MIN READ2 SOURCES

40ANALYSIS

CRE AI TRAINING

AI Training for Commercial Real Estate: Start With a Live Workflow

The way to make a CRE team AI-capable is not a generic prompt class. It is a repeatable, reviewable workflow built around the work that already moves through the firm.

JUL 12, 20266 MIN READ2 SOURCES

41ANALYSIS

UNDERWRITING

AI Underwriting for Commercial Real Estate: A Source-Cited Workflow

How to use AI to normalize a rent roll and T-12, prepare a first-pass underwriting, and accelerate IC work while keeping calculations, assumptions, and approvals reviewable.

JUL 12, 20266 MIN READ2 SOURCES

42ANALYSIS

CHATGPT FOR CRE

ChatGPT Prompts for Commercial Real Estate That Produce Reviewable Work

A CRE-specific prompt framework for research, underwriting support, brokerage, leasing, asset management, and IC preparation, with source rules and approval gates built in.

JUL 12, 20266 MIN READ2 SOURCES

43ANALYSIS

AI AGENTS

How to Deploy AI Agents in Commercial Real Estate Without Losing the Human Judgment

AI agents work best in CRE when they take ownership of a bounded process, make their work visible, and stop at a review gate before a consequential decision or external action.

JUL 12, 20265 MIN READ2 SOURCES

44ANALYSIS

AI TOOL SELECTION

The Best AI Tools for Commercial Real Estate: A Vendor-Neutral Selection Framework

How a CRE team should choose models, document workspaces, data sources, automation, and control layers without buying overlapping software or outsourcing its operating knowledge.

JUL 12, 20265 MIN READ2 SOURCES

45ANALYSIS

CRE AI SOLUTIONS

What a Commercial Real Estate AI Solution Must Prove Before It Goes Live

The best CRE AI solution is not the one with the most impressive demo. It is the one that produces work a principal, investment committee, or client can inspect and trust.

JUL 12, 20265 MIN READ2 SOURCES

46ANALYSIS

AI STRATEGY

How to Actually Win with AI in CRE: Orchestration, Not Automation

Most CRE professionals are using AI wrong. Learn why orchestration, not automation, is the real edge, and how skills, tools, and memory create systems that actually run work.

MAR 1, 202617 MIN READ

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Riot’s $573M Bridge Matures Before the Rent Starts

PSV CRE AI Newsroom

Developing stories

Latest from PSV

What is moving now.

THE HOTTEST NEWS IN COMMERCIAL REAL ESTATE

Get the full CRE news brief.

We write the news. We do not repost it.

Turn the signal into a system. Train inside the Institute.

PSV CRE AI Newsroom

Developing stories

Latest from PSV

What is moving now.

THE HOTTEST NEWS IN COMMERCIAL REAL ESTATE

Get the full CRE news brief.

We write the news. We do not repost it.

Turn the signal into a system. Train inside the Institute.