UC Berkeley and NASA Publish Final Environmental Review for 2.3MM SQFT Berkeley Space Center at Moffett Field
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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 final environmental review for the Berkeley Space Center reveals the project’s maximum footprint has grown to 2.3 million square feet since its 2023 announcement, as UC Berkeley and NASA move toward a spring 2026…
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