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The Registry · Capital

BrightSpire Lists 9-Acre Santa Clara Tasman East Site Planned for Up to 950 Units After Taking It Back From Related

Via The Registry · November 10, 2026
Compiled by Real Estate Trail Editorial · November 10, 2026

Why this matters

Capital markets activity continues to be defined by the rotation from bank balance sheets to non-bank lenders. Private credit funds have raised record dry powder; banks have tightened CRE underwriting standards for the sixth consecutive quarter. The result is a market where well-sponsored deals clear, and marginal credit pays a meaningful spread to do so. For LPs, the allocation conversation has shifted decisively toward real estate debt, with equity allocations being deployed more selectively into operator-led platforms.

Editorial analysis · Real Estate Trail Editorial

Excerpt from The Registry:
BrightSpire Capital has hired JLL to sell a roughly 9-acre Tasman East development site near Levi's Stadium that it took back from Related California, testing whether housing developers will pay up for a parcel planne…
Read the full article at The Registry →

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