Skanska Selected for Rehabilitation of Potomac River Bridge
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 been awarded a $114 million design-build contract by the District Department of Transportation in conjunction with the Federal Highway Administration to rehabilitate the I-395 Northbound bridge over the Po…
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