West Valley College Puts $170MM to Work on Performing Arts Center, Relocated Wellness Center in Saratoga
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
West Valley-Mission Community College District has put roughly $170 million in contracts to work on a new Performing Arts Center and a relocated Wellness Center at West Valley College in Saratoga, the latest wave of a…
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