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 […]
Owner User? Buy the Fundamentals
Don’t Buy the Hype, Buy the Fundamentals I often talk about how Sacramento’s central core, aka THE GRID, is driving higher rents and property values. If rents weren’t going up, we wouldn’t have market rate housing like Powerhouse 16 developed. If you plan to buy an office building or office condo, focus on the fundamentals. […]
Downtown Market Keeps on Rolling!
Downtown Sacramento Class A office rents have risen sharply over the last six months. Most tenants have adjusted their expectations accordingly. Many tenants have accepted higher rents because Downtown Sacramento offers a different value proposition. A client of mine owns 1029 J Street at 11th and J. Although it is not a Class A building, […]
It’s not the Gold Rush but for Sacramento, it may be the next best thing
It’s not the Gold Rush……. Gradual Value Appreciation? I think not. Property is selling in the Midtown and Downtown Markets (The Core) for prices that are justified by increased demand for housing in Core, the development of the Arena and a multitude of other developments (see this October 14 Post onUrban Land Value. Demand should […]