Mana Investment Pushes 116-Home Builder’s Remedy Project on Gilroy’s Hecker Pass Through Draft EIR
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. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
Carlsbad-based Mana Investment is using California's Builder's Remedy to force a 116-home subdivision onto 24 acres of Gilroy farmland, and the release of the project's Draft Environmental Impact Report marks the poin…
External link. Real Estate Trail does not republish source content.
More from the wire
Choice Hotels International President and Chief Executive Officer to Speak at Bank of America Gaming & Lodging Conference September 9; Remarks to be Webcast
NORTH BETHESDA, Md., Sept. 4, 2026 /PRNewswire/ -- Choice Hotels International, Inc.'s (NYSE: CHH) President and Chief Executive Officer, Dominic Dragisich, will speak at the 2026 Bank of America Gaming and Lodging Co…
End Manual Food Logging: ODYSS Pioneers AI Necklace Wearable at IFA 2026
Moving Beyond Tracking to Truly Understand You for Better Health BERLIN, Sept. 4, 2026 /PRNewswire/ -- ODYSS, a pioneer in AI wearable technology and IFA Innovation Award 2026 winner, unveiled its groundbreaking visio…
Four Seasons Hotel Toronto Sets the Scene for Toronto International Film Festival's 51st Edition
TORONTO, Sept. 4, 2026 /PRNewswire/ -- As Toronto welcomes the world's film community for the 51st edition of the Toronto International Film Festival® (TIFF), presented by Rogers, Four Seasons Hotel Toronto returns as…
Amtrak breaks ground on $1B NYC maintenance facility
The project ranks as the largest major Amtrak maintenance facility to advance into significant construction over the past two years, according to the release.
CRESYN Unveils Newly Completed Model Residence in Long Island City
NEW YORK, Sept. 4, 2026 /PRNewswire/ -- Acre NY Realty is proud to announce that CRESYN's model residence is now completed and officially available for viewing, marking an exciting new milestone for the boutique Long…
Elk Grove Freezes New Self-Storage for Two Years, Prioritizing Land for Housing and Jobs
The Elk Grove City Council voted unanimously to halt new self-storage construction for two years, an aggressive land-use bet that recasts the low-employment sector as a drag on the Sacramento suburb's push for housing…