Keep Leasing or Sell? The Question Many Owners Eventually Face
At some point, many commercial property owners reach a crossroads. Their building has been owned for years. Loan is paid down, or close to it. The tenants are stable enough. The property has appreciated, and the rent checks keep coming in. Then the question starts to surface: Do I keep leasing this property, or is […]
The Dark Side of the Spoon
A Chili Story – Pass the spoon This whole thing started on a golf trip at Lake Shastina Golf Resort and Spa. We played a lot of golf, howled at the moon, and every morning walked onto the first tee – first to pay homage to the mountain – then to spank the ball just left […]
Tokyo Just Reminded Us Why Institutional Real Estate Fundamentals Still Win
The $800M sale of the Hyatt Regency Tokyo shows why strong fundamentals—income, location, and operations—still drive real estate returns worldwide.
SBA Lending is loosening up, but inventory is tight.
SBA lending just hit record highs, pushing owner-user demand far ahead of available inventory. With limited office product and attractive SBA financing, pricing remains firm—and condo conversions are emerging as a smart solution for owners. Here’s what’s driving the market and why 2026 is positioned for an owner-user surge.
Downtown Sacramento: Still the Center of Gravity
Downtown Sacramento isn’t the doom-and-gloom story the national headlines keep pushing. With the lowest downtown vacancy rate in California, steady owner-occupier fundamentals, and new investment at smart pricing, the submarket is clearly resetting—not retreating. The value proposition that has always anchored Downtown remains firmly in place, and the next cycle favors the players who see it now.
Batten Down the Hatches: The 2026 Debt Wave Is Coming
A massive surge of commercial real estate debt is coming due in 2026, and higher rates are colliding with softening values. Sacramento owners—especially those with loans maturing between 2025 and 2027—need clarity now. The smart move is to run a simple “refi or sell” analysis before lenders force the
“Ethan, I am your father.” Would you like to buy my building?
Costar states that Downtown’s overall vacancy factor is 8.7%. However, when you only consider Class A buildings over 150,000 SF, the vacancy factor is nearly 21%. This does not include 250,000 SF available at 1515 S Street, one block from The Ice Blocks Development. My money is on the fact that the State of California might take over the space at 1515 K Street. I still believe that Downtown Sacramento “will be back.” It has so many fantastic draws.
It’s Never Too Late to Get It Right
But it’s true: freedom comes from structure. Knowing exactly where your money’s going before it leaves the account feels a lot like showing up to a meeting prepared.
Sacramento’s Office Market Comeback: The $6M Turnaround at 3900 Lennane
Occupancy Creates Value – Vacant buildings sell at discounts; stabilized assets command premiums. 3900 Lennane shows the power of executing a clear leasing and repositioning strategy.
Spring Bengtzen on Servant Leadership & Mindset | Real Estate Lessons
The strongest force in human nature is how you see yourself.
We have 60,000 automatic thoughts a day. Most are on autopilot.
Audit your thoughts. Write them down for a few days — you’ll be shocked.