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…
External link. Real Estate Trail does not republish source content.
More from the wire
Two Boardman commercial properties change hands along busy corridors. Here's what to know
Twilio to Move San Francisco HQ to 27,000 SQFT at 425 Market Street, Cutting Footprint by Two-Thirds
The remote-first software company will leave its 83,000-square-foot space at Rincon Center for a single floor at MetLife’s Financial District tower, about 10 percent of the footprint it held there at its peak. Twilio…
Regal-Leased 50,000 SQFT Cinema at Fresno’s Marketplace at El Paseo Hits Market for $19.72MM at 8.1% Cap
A five-year-old Regal multiplex anchoring the second phase of northwest Fresno's Marketplace at El Paseo has been put up for sale at an 8.10 percent cap rate, testing how much investors will pay for one of the chain's…
Office Properties Income Trust Sells 63,000 SQFT 100 Redwood Shores Parkway in Redwood City for $16.5MM, 64% Below Assessed Value
A restructured Office Properties Income Trust has unloaded a mostly empty four-story Class A building in Redwood Shores for about a third of its assessed value, handing a local buyer a reset basis just as AI-driven le…
37,000 SQFT Pioneer Building, Exa’s HQ and Former Home of Stripe, OpenAI and xAI, Hits Market in San Francisco
The three-story 1902 trunk factory at 3180 18th St. that served as a launchpad for Stripe, OpenAI and xAI is up for sale just weeks after AI search startup Exa took over the entire building, giving investors a rare sh…
LBA Logistics Pays $15MM for 52,000 SQFT Industrial Building in Union City
LBA Logistics paid $15 million, or about $286 per square foot, for a 52,476-square-foot industrial building at 2910 Faber St. in Union City, planting a flag in the East Bay's tightest major industrial submarket even a…