oWOW Readies Topping Out of 284-Unit Mass Timber Affordable Tower at 1523 Harrison in Downtown Oakland
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 65th San Francisco story tracked on the wire in November 2026. All San Francisco coverage →
Computed from Real Estate Trail’s own tracked coverage
Oakland developer oWOW will celebrate the topping out of 1523 Harrison Street on Nov. 19, an 11-story, 284-home affordable tower framed in mass plywood that the company says rose as fast as one floor a day, putting it…
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