In today’s CRE360 Signal, we break down why zoning boards and grid operators are no longer tolerating unlimited data-center growth, and how informal constraints are hardening into enforceable limits. From Kansas City’s zoning escalation to ERCOT’s growing interconnection backlog, the market is shifting from negotiation to governance.

We explain why feasibility risk is moving upstream, which development strategies are now structurally exposed, and why access to power — not capital or tenants — is becoming the defining competitive advantage.

Capital is returning to commercial real estate — not because sentiment improved, but because the system is functioning again.

In this episode of CRE360 Signal™, we break down how secondary loan liquidity, structured finance, and insurance capacity are reconnecting the CRE capital stack. From Benefit Street Partners’ $391 million multifamily loan acquisition, to ACRES Commercial Realty’ $1 billion CRE CLO, to expanded data center insurance limits from Aon and FM, this episode explains why capital is finally moving from the sidelines to execution.

This is not a sentiment-driven rebound. It’s a mechanical one.

We connect the dots on how balance sheets are clearing, credit vehicles are scaling, and risk transfer is enabling large-scale development — and what that means for lenders, investors, and operators heading into the next CRE cycle.

CRE360 Signal™ — research-driven, AI-backed, and built for operators.

A $480 million CMBS financing just closed on a Midtown Manhattan office tower — and most people are drawing the wrong conclusion.

In this episode, Omid Shahbazian breaks down why this deal worked when so many office refinancings are stalling. Not through market sentiment or demand forecasts, but through the mechanics of how the capital stack was structured.

This conversation examines what was actually underwritten, what was deliberately excluded from the assumptions, and why endurance — not improvement — is now the decisive factor in deal execution. Using the Park Avenue Tower transaction by SL Green Realty as a real-world case study, the episode reframes what “financeable” really means in today’s office market.

If you’re a sponsor, investor, or lender trying to understand why some deals still clear while others don’t, this episode explains the execution bar that now governs commercial real estate.