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 […]
Greatest Real Estate Deal of All Time
With the 4th of July just a day away I dusted off the old history book and started reading about our Founding Fathers. One of them, Thomas Jefferson who was President at the time (1803), sent Robert Livingston over to France to negotiate the Louisiana Purchase. Later, Jefferson sent James Munroe to assist, but shortly […]
Commercial Property Owners Targeted in Effort to Change Proposition 13
More than 30 years ago, voters approved Proposition 13 to limit unpredictable property tax increases. The measure established a base tax rate and capped annual assessment increases. Those protections still apply to residential, commercial and industrial properties. Year after year, legislation is introduced to increase taxes on commercial and industrial property by amending Prop. 13 […]
Restaurants To Open In Iconic Folsom Boulevard Building
The site of the former Rosemount Grille — which operated in East Sacramento from 1945 to 1989, and — should be dishing out some amazing food by the end of this year. The 11,000 square foot building on Folsom Boulevard will house what is sure to be an incredible addition to the neighborhood. One side […]
The Senator will Rise Again
It looks like the iconic Senator Office Building is about to change hands. The building consists of about 160,000 square feet on 10 floors, and has historically been a popular location for lobbyists and associations since it is directly across the street from the Capitol. In 2010 CALHFA vacated the building to move into a […]