Sacramento Office Market – The Tale of two Sub-markets
What keeps you up at night? Your kid’s latest Instagram post or their curfew violation? How about Croatia’s upcoming match versus England? For me it is Sacramento office leasing and sales. Last week I got up around 3:00 AM with the question: How have office values behaved in Midtown and Downtown over the last 3 […]
Sacramento Rent Control?
The Costa Hawkins Repeal & Rent Control Lawmakers passed the Costa Hawkins Rent Control law in the 1990s, and now many groups are pushing to repeal it. Costa Hawkins essentially curtailed a jurisdiction’s capacity to impose rent control. Now Unions and Tenant organizations are seeking to repeal Costa Hawkins (CA). Cities want to reduce housing […]
“If you don’t know where you are, you don’t know who you are”
Uptown Studios HQ, Broadway Corridor, Sacramento “If you don’t know where you are, you don’t know who you are” – Wendell Berry When negotiating a lease, you have to pay attention to the bottom line. However, you cannot forget about your team. Open Offices Are Not for Everyone In the iconic Christmas movie The Grinch, […]
Amazon HQ2 Takeaways
Amazon Moving to Sacramento? No, but other Unicorns will! Last year, 238 Bidders for Amazon’s 2nd headquarters submitted proposals to induce Amazon to locate 50,000 employees in their regions. Everyone I am certain had reasons but according to CCIM’s chief economist, K.C. Conway, only 50 bidders met the base criteria. If it were not for […]
Sacramento’s Emerging Boulevard – Broadway
In 1991, my new bride and I moved from Manhattan Beach to Sacramento. We arrived in a U-Haul at 9:00 PM and had a 800 S.F. rental lined up on Harkness in Land Park. We had no keys to the place, so we had to call the owner. He staggered out of his car about […]
Go Green or Go Home
Go Green or Go Home! Being from California, going Green is not longer optional. Since 1978 for residential projects and 1980 for commercial projects, California has steadily increased energy-efficiency requirements for new construction. These regulations are Title 24. The Code for all the regulations is Title 24. The original intent of Title 24 was to […]
When an Office Building Sells, Tenants Pay
News Break: Sacramento Office Market Banned for Taking Performance Supplements
For decades, Sacramento has been considered a secondary or tertiary market. For those who bought-in 3 to 5 years ago, they are now reaping the benefits. Now that the office market has reached equilibrium, it is only a matter of a couple years until we will see meaningful uptick in construction of speculative office product. […]
Who Owns Sacramento?
Sacramento is on the radar of the world’s investment community. With Properties selling for $600 to over $1,000 a square foot in top tier markets like San Francisco, Sacramento’s class A office properties selling for $250 to $425 a foot seem like a pretty good value. In the last 5 years, several of Sacramento’s CBD […]
It’s Just a Matter of Time
I attended a Panel Discussion Moderated by Randy Getz of CBRE at the Sutter Club in Downtown Sacramento this week. Chuck Trainor, Managing Partner of Trainor Fairbrook, introduced David Taylor. David Taylor’s Impact on Sacramento David Taylor reflected on his early development projects. Few developers have shaped Sacramento’s skyline more than Taylor. His projects include […]