Done Deals in Sacramento’s Core 2023
If a deal doesn’t have to happen, it probably won’t. Since early 2023, most development deals haven’t penciled, which has left several projects on hold until construction costs and interest rates go down.
Sacramento CRE Perspective 2023
Before the Pandemic, Downtown was the crown jewel. Frankly, it was on fire. It will likely be another tough year for Downtown, but I am confident that Downtown will shine again! Everything that was there is still there, except office workers. And while we do have a significant challenge with the homeless population, I am confident that with the right leadership, the homeless population will be addressed.
Happy New Year – Three Nuggets for a Better Year
Happy New Year! Have you written down your New Year’s resolutions? I have, and I admit, the Resolutions (goals) have dramatically shifted since turning 62. “Hitting my numbers” and losing weight will always be on the list, but since COVID, my list has changed dramatically. Is this the case with you? My goals include helping […]
Done Deals!
Larry was grinning like the Grinch and said, “Really, you got this?” “Yep,” I chirped back. “I got my license and I read a bunch of books!” Larry ordered us another martini.
Mixed Use? Office? Home? 2609 Capitol Ave checks all the boxes
The nice thing about Midtown is that you can walk to a variety of restaurants and shopping. Also, it is a great place to live and employees can walk to work.
Midtown – Sold
Unicorns are extinct and many of them included exchange buyers. Office users have been in a coma (but I have noticed them starting to blink.) Developers are in hiding, and investors are extremely cautious.
Three Things that Changed my Life
“Oh, uh, there won’t be any money, but when you die, on your deathbed, you will receive total consciousness.”
Tales from the Trenches
1985 Commercial Real Estate: How the West was Won. Sometimes I look back and just scratch my head. In 1984, fresh out of college, I started brokering commercial real estate with the Charles Dunn Company. I was living in a garage, it was hot that summer. LA was hosting the Olympics from Malibu to Downtown […]
“…all the things that revolutionized downtown Sacramento are still here…”
Downtown Sacramento might be down, but it is not out. It’s just a matter of time. How much time is TBD.
Maximize ROI with a Proven CRE Expert
Has your company changed how it does business? What I see – tenants are doing more with less – less space, less people, less parking, less days in the office, less in-person meetings and less makeup. Personally, I feel bad for my dry cleaner! I have been to the dry cleaner twice in the last […]