10Y UST4.74%+1.07%30Y MTG6.65%-0.30%SOFR3.65%VNQ$99.13+0.03%XLRE$45.36+0.07%FED FUNDS3.63%
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The Registry · San Francisco · Capital

Bering Capital Partners Buys DuraVent’s 280,000 SQFT Vacaville HQ for $27.4MM

Via The Registry · August 25, 2026
Compiled by Real Estate Trail Editorial · August 25, 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. 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. 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

On the RET wire

Computed from Real Estate Trail’s own tracked coverage

Excerpt from The Registry:
A San Francisco investor bets on heavy power and a decades-long tenant, picking up a fully leased Solano County manufacturing campus well below what comparable buildings have recently fetched. The post Bering Capital…
Read the full article at The Registry

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