Golf and Selling Property
“You know, when I was your age, I’d hit the ball right over that tree.”
With the challenge before him, the young man swings hard, hits the ball, watches it fly into the branches, rattle around, and land with a thud a foot from where it had started.
“Of course,” says the old man, “when I was your age, that tree was only eight feet tall.”
Understanding Key Ratios Commercial Lenders Use
Properties of all shapes and sizes are under the Lender’s microscope. Even property “owners” with long-term relationships with multiple assets with the same lender are under the lender’s microscope. Lenders use ratios, and when the ratios don’t match up with a lender’s ratio requirements, the owner/borrower will be asked to provide additional security (cash or […]
Unicorns Found Grazing at a Prime Dev Site in Sacramento
The DDSO Campus at 2331 Saint Marks Way offers a compelling opportunity for a local residential developer or a school. Most of the interest is from schools, but residential developers are circling.
Dick’s House of Sport is Coming to Sacramento—And It’s About to Change the Game
Sactown = SportsTown In the last year, Sacramento’s PR machine has been busy! The Kings, The River Cats, and The Sac Republic are humming along. But in the last year, The A’s are readying the Sutter Park Field for MLB, The X Games are coming to Sac August 22-24th, and we just got word that […]
Why Do I Do This?
Intelligent, successful people do not like to be sold or knowingly persuaded.
The Beautiful Game
I went to the Screening of “The Beautiful Game” sponsored by Lance Hastings, the Director of CMTA. It turns out that the members of this year’s class of Leadership Sacramento were there. The Guild Theater in Oak Park is a great venue that seats about 100 people. After the movie, Scott Syphax moderated a panel […]
Transforming Sacramento – ULI – Studies and Theories with a Practical Touch
Batter Up! Transforming Sacramento. During a walkthrough of a client’s new office, I noticed two red wires dangling from the entrance to the building. The wire had been connected to a new security camera; I hope they got the heist on video! But even if they caught the perpetrator, the ticket would probably be less […]
Buildings for Nothing, Tenants Still Flee!
The investor can undercut market rents when they buy a building for 25 cents on the dollar. This creates tough sledding for many office building owners. It is particularly perilous because lenders are not lending on office deals.
Landlord to Lender: “It’s Just Shrinkage!”
The office market seems like a paradox. Businesses are downsizing, and vacancy rates are soaring, yet rents are slow to go down.
Sacramento Regional Transit – If We Build it, Will they Come?
Sacramento Light Rail gets a makeover, but how will we pay for it? And If we expand it, how will we increase ridership? Will it help if Gas Prices hit $10 a gallon? In Europe, mass transit is widely used; why? Here’s what’s happening: Sacramento RT needs to increase ridership, which, according to the Bee […]