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Friday, September 18, 2026The Morning Brief →Sign in
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Menlo Equities

In PWD coverage since September 18, 2026 · 1 story
PWD coverage
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PGIM's Munich exit proves the permit is the product

A value-add fund bought raw land in 2024 and sold an entitled 30MW site in 2026, the merchant-development model compressed into one trade.
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