Newsom Signs SB 328, Clearing Brookfield’s Path to 12,272 Homes at Former Concord Naval Weapons Station
Why this matters
Land continues to behave as the highest-conviction long-duration bet in CRE. In supply-constrained luxury markets, replacement-cost-positive entitlements remain scarce; in growth-corridor exurbs, sponsors with patient capital are accumulating positions ahead of the next residential or industrial pipeline. The trade is a basis call, not an income call, and continues to attract family-office and high-net-worth capital that can hold through the cycle.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- One of 8 land stories tracked on the wire in October 2026. All Land coverage →
- 37 stories mentioning Brookfield on the wire in the past 90 days. Brookfield coverage →
Computed from Real Estate Trail’s own tracked coverage
A newly signed state law removes the former Concord Naval Weapons Station from the Surplus Land Act's disposition rules and exempts plan-consistent development from fresh CEQA review, giving the City of Concord and ma…
External link. Real Estate Trail does not republish source content.
Related coverage — Land
Tutor Perini unit, Skanska land Coast Guard jobs worth a combined $586M
Perini Management Services has started work at Base Kodiak in Alaska, and Skanska has begun replacing the agency’s homeport pier in Newport, Rhode Island.
Fifth Wall’s Brendan Wallace On Spotting Real Estate’s Next Hot Tech Early
Stratford Wallace’s family had owned a lot on the Southeast corner of 41st Street and Eighth Avenue in Manhattan since 1886. Then, in the early aughts, the State of New York used eminent domain to wrestle the land fro…
Steve Wylder On Safehold’s Plan to Fill Affordable Housing Capital Gaps
Safehold has spent nearly a decade modernizing the ground lease strategy of owning the land underneath a development to reduce costs for builders and users. More recently, the real estate investment trust started usin…
Redevelopment of Former Santee Drive-In Site Gets Boost with Land Sale
Colliers arranged the $22.75 million sale of a 13.49-acre industrial land site located at 10990 N. Woodside Ave. in Santee, acquired by North Palisade Partners. Construction immediately commenced on the Palisade Sante…
JPI Locks Up Land and Construction Loan for Dallas Mixed-Income Rental Community
JPI closed both land and construction financing for a new income-restricted housing complex in southern Dallas. Construction begins this month, with completion anticipated in mid-2028. The Torrington Forest project, p…
Santa Clara Opens Developer Hunt for 4.8-Acre Downtown Site Slated for 300+ Homes, Food Hall and Revived Theater
Santa Clara has released a two-phase Request for Proposals (RFP) seeking a developer to ground lease 4.83 acres of City-owned land at 900 and 1000 Lafayette Street. The winning team would deliver at least 300 homes, a…