San José Opens 6,000 SQFT Zero Net Carbon Fire Station 8 Downtown, Funded by Measure T Bond
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 San José Fire Department cut the ribbon on a new downtown Fire Station 8 at 601 E. Santa Clara St., a solar-powered, natural-gas-free facility that replaces a station in service since 1949 and stands as only the s…
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