Art of Living Foundation Buys 85,000 SQFT Scottish Rite Temple on Oakland’s Lake Merritt for $9.2MM
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. San Francisco continues to clear office at the deepest discounts to 2019 basis seen in the cycle, while multifamily fundamentals have stabilized and life sciences in the Peninsula remains active. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
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On the RET wire
- The 180th San Francisco story tracked on the wire in October 2026. All San Francisco coverage →
Computed from Real Estate Trail’s own tracked coverage
The Masons have sold their Lake Merritt temple of almost 100 years for about $108 per square foot. The Scottish Rite Temple Association has sold the Scottish Rite Temple at 1547 Lakeside Drive in Oakland to the Art of…
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