5 Reasons Rents Remain High Despite Shrinking Demand The office market seems like a paradox. Businesses are downsizing, and vacancy rates are soaring, yet rents are slow to go down. Here are five reasons why: Preserving Property Value: Rental income (or potential...
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: New Trains, Improved...
When I sat down to write this post, I wanted to discuss US history’s biggest real estate deals—deals like Sears Tower, which sold for $1.3 Billion, the GM Building in NY, which sold for $2.8 Billion, or Clint Eastwood and Arnold Palmer’s purchase of Pebble...
Big doesn’t mean Bad Check out this article about 20th Place at 19th and F Street. 20th Place is a new project by Cassadyne Properties LLC, headed up by Robert Rodriguez. Patrick Molloy partnered up and acted as the project manager. Together, they created a...
What a difference two years makes I originally posted a similar article in 2021 when interest rates were under 4%. Developments have been completed, and others have started. On the commercial side, the State of California has completed several office buildings just...
Strategies for Achieving Client Goals Our clients’ needs constantly change, particularly over the last four years, so it’s crucial to adapt, anticipate, and proactively assist your clients – even if they are unaware they need help. Clients don’t...
Tom Bacon has been assisting clients with their commercial real estate needs since 1984. The commercial real estate industry is a long term, relationship business. In dealing with others, a level of understanding must be achieved before the end goal can be achieved. We focus on exceptional work every step of the process while keeping an eye on the desired outcome. An exceptional outcome is the natural conclusion to a professionally orchestrated transaction or assignment.