Most commercial brokers I talk with are cautiously optimistic about the office market. Frankly, for Sacramento, if it weren’t for the State of California vacating privately held buildings, the Sacramento office market would be a shining star, an eagle amongst turkeys...
Golf’s Lessons A young man with a few hours to spare one afternoon figures that if he hurries and plays very fast, he can get in nine holes before he has to head home. As he is about to tee off, an old gentleman shuffles onto the tee and asks if he can join him....
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...
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...
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...
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...
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.