Skanska Completes 21,000 SQFT Sutter Health Care Center in Pleasanton, Expanding Tri-Valley Specialty Access
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
Skanska has wrapped a 21,000-square-foot tenant improvement for Sutter Health in Pleasanton, delivering a new pediatric urgent care, imaging and physical therapy hub that opens to patients this month and deepens the h…
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