LS Power Plants $1.59B HVDC Gateway Near Coleman and Ryland as San José Bets on Data Center Load
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
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On the RET wire
- Disclosed industrial deal value tracked in October 2026: $574.1M across 9 reported transactions. All Industrial coverage →
Computed from Real Estate Trail’s own tracked coverage
LS Power Grid California has started building the Skyline terminal, a high-voltage direct current converter station on a listed hazardous-materials parcel near Coleman Avenue and Ryland Street that will anchor the dow…
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