Sac Bee HQ Call For Offers July 26, 2021
Offers are due for the acquisition of the former Sacramento Bee HQ on July 26. Over the last month there have been over 30 tours of the site. There are a variety of Buyer types evaluating the opportunity including Office, Mixed-use, CoWorking, Senior Housing, Medical, and Educational. For more information, take a look at this: […]
What Is Land Selling for In Midtown Sacramento?
If we looked at the most recent sales in Midtown Sacramento properties seem to be averaging around $100 a square foot. This average includes sales that occurred in 2019. During Covid, Sales were off considerably. Virtually all the sales are for residential developments. Six recent sales illustrate where Midtown land values are at. Recent […]
Sacramento Office Building Sales – How Will 2021 Fare?
Sacramento’s office sales market surpassed $500 million in the first quarter of 2020. Then the Pandemic hit. In the short run, the office market will probably experience an increase in leasing “activity.” However, the activity will probably result in negative net absorption Downtown, while suburban markets will experience minimal positive net absorption. For example, a […]
New Year’s Message Sacramento Bacon Commercial Real Estate
A New Year’s Message From Bacon Commercial Real Estate Business goal setting and New Year’s resolutions can be tough. Both require some extra introspection, and that’s typically easier when everything is going just right. New Year’s resolutions are usually personal, while business goal setting is clearly about business. But let’s face it – business and […]
Sacramento Commercial Real Estate: Downtown Sacramento Office Market
The Downtown Sacramento office market is keeping it together because tenants continue to pay their rent – even though a significant percentage of tenants are not using their offices. COVID has changed how companies think about their operations, and they are beginning to consider the results of this 10 month experiment. Sacramento’s Central Business District […]
Sacramento Office Market & the Elephant in the Room
Sacramento Office Market Review November 2020 Since March 2020, the Sacramento office market has maintained occupancy levels. Sacramento tenants – from the State of California to law firms – are beginning to take steps to reinvent how they operate and what the corresponding office solutions will be. Over the last 5 years, Sacramento’s average rents […]
Prop 15 – A Wolf in Sheep’s Clothing
Prop 15, AKA Split Tax Roll, is on the ballot, and lawmakers refined it to increase its chance of passage. to increase its chance of passage. But even refined it is not the panacea the authors would like you to think it is. Essentially it is another California tax to raise money that is “supposed […]
Sacramento Commercial Real Estate Market as of July 2020
The last 3 months have been tough. I am a deal junkie – and withdrawal has been rough. It’s one thing to be weaned off, say by driving Uber or taking over my son’s door-to-door leaf raking business, but Uber is out, and there aren’t any leaves. When the going gets tough, the tough learn […]
The show must go on.
One of my favorite motivational speeches took place at the Delta House in the 1960s. Bottom line: When the going gets tough, the tough get going. You may not think that you have the time to watch this video, but you will be glad you did. During the beginning of the speech, Bluto (Belushi) rallies […]
Sacramento’s Del Paso Blvd is Due!
It was a dark and stormy night on Del Paso Boulevard. I first visited Del Paso Boulevard in 1991 after a Kings game at ARCO Arena. I was new to Sacramento, navigationally challenged, and suffering from impaired night vision. After the game, I was elected designated driver. That would have been fine with a little […]