Term Sheet: A Blackstone-sponsored $2.35bn CMBS deal debuts; Lightstone’s $500m rescue capital platform; Starwood’s $252m refi on Houston office tower

The industrial sector shows why it remains a lending beacon, this week drawing a Blackstone-sponsored $2.35 billion CMBS deal; Lightstone Group joins the wave of managers launching rescue capital platforms with sights set on disrupted capital stacks; Starwood continues its show of force, this week originating a $252 million refinancing package for Houston’s TC Energy Center office tower; and more in today’s Term Sheet, exclusively for our valued subscribers.