San José Opens $177MM Dewatering Facility, Shrinking 500-Plus Acres of Sludge Lagoons to a 10-Acre Site
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
The cities of San José and Santa Clara cut the ribbon on a $177 million mechanical dewatering plant at their jointly owned Alviso wastewater facility, retiring a weather-dependent, four-year lagoon process and setting…
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