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 […]
Sacramento’s Big Man is just getting started.
How about those Sacramento Kings? They won last night without their Big Man, Cousins. The team looked completely different. Six players scored in double digits. Willie Cauley-Stein had a career high 29 points. The Arena Continues to Drive Growth Would the Downtown market be on such a winning streak without its Big Man? I don’t […]
Sacramento’s Golden One Arena Makes Almost Everything Better
The Sacramento Kings staying in Sacramento was great. The Golden One Arena’s ripple effect may be the biggest game changer since the Gold Rush. Other cities, including San Diego, Denver, and San Francisco, have built new arenas and benefited economically. However, in relative terms, Sacramento’s Arena will probably turn out to be far more significant. […]
Sacramento’s CORE: Par, Birdie, Eagle. Albatross next?
Sacramento’s Core (Midtown and Downtown) is not very sneaky. In fact the whole world has taken notice. Here’s something I didn’t know about Core: he took up golf and made the PGA Tour in 2015. In a matter of months, Core has risen to the top of the money list! After a remarkable third round […]
Renewal or New Lease? Don’t Go Naked.
How long would a snail survive without its shell; a porcupine without its quills; a skunk without its spray? As a commercial real estate broker, I strongly recommend hiring a broker when negotiating a lease renewal or a new lease. Certainly, you are capable of finding space; there are numerous data providers like Costar and […]
Greater Sacramento Economic Council – Sacramento’s CEO
The Greater Sacramento Economic Council (GSEC) recently invited a select group of commercial real estate brokers to its office. Barry Broome, President and CEO, laid out GSEC’s game plan. The first step, which seems to be coming to a close, has been to get organized and get a lay of the land. GSEC understands the political […]
Talk is Cheap. Downtown and Midtown Sacramento Have the Walk to Back it up!
While the Sacramento commercial real estate market seems white-hot, with property flying off the shelf, most buyers of commercial properties (not to be confused with multifamily) are deliberate and sensible. Recent sales in Midtown and Downtown certainly show that values are up, and the sales demonstrate that the Arena effect is more than hype, it […]
Sacramento Delivers, Private Sector Grows
Jeff Randle of Randle Communications stated in his December 2015 editorial, “I believe 2016 will determine Sacramento’s future. Decisions made by our leaders plus choices made by residents will set a course for generations to come.” See the editorial from the Business Journal: Key issue of 2016: private-sector growth Of course, I completely agree, but […]