This week, we discuss an intriguing deal in the data-center space – TeraWulf is raising $3B in debt to build data centers for Google , in an intertwined transaction that's becoming a prototype for getting these massive developments going. We dive into the maverick mogul behind Terawulf, Paul Prager , who's using his heft to turn Maryland's Eastern Shore into the new Hamptons. We then take stock of the carnage in San Francisco's multifamily market , where the biggest players are winning and losing thousands of units all at once – and leaving their lenders in the lurch. Finally, we explore why institutional investors are finding alpha between the low-thread-count sheets in the extended-stay space. Sponsor: This episode is sponsored by Bullpen , a talent shop solely dedicated to the commercial real estate industry . Bullpen can recruit trusted CRE pros at all levels, from analysts to C-suite, and can fill both fractional and full-time positions. Check them out at bullpenre.com to get started. To advertise: Reach out to
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