Plant Construction Tops Out New Seismic Core in UC Law SF’s $230MM Overhaul of Historic 100 McAllister Tower
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
Plant Construction and its project partners have topped out a new reinforced concrete core threaded up through UC Law SF's 28-story tower at 100 McAllister Street, clearing the way for the tower crane to come down as…
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