“Luke, I am your father.” Would you like to buy my building?
801 K Street – arguably the most significant casualty from COVID 801 K Street, known as the Darth Vader Building or Renaissance Tower, is up for auction after falling out of contract with Ethan Conrad. 801 K Street was built in 1989; Wells Fargo Center at 400...
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 my client’s building. The wire had been connected to a new security camera; I hope they got the heist on video! But even if...
Buildings for Nothing, Tenants Still Flee!
Where have all the tenants gone? Long time passing Where have all the tenants gone? Long time ago Where have all the tenants gone? Covid struck them one by one When will they ever lease? When will they ever lease? Where have all the State tenants gone? To expensive...
Landlord to Lender: “It’s Just Shrinkage!”
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...