Late in 2022, I got a call from a Midtown Sacramento property owner who owned a 3,000 SF duplex located at 2230 K Street. She was looking to sell the building, and she needed an opinion of value. The duplex was 100% occupied, but the business was slated to move out...
In 2021, Bacon CRE was hired by the ownership of the Sacramento Bee Campus to sell the Office HQ Building consisting of 154,000 SF, an 11,600 Mid Century Industrial building, and a former daycare property. After 4 months of intense marketing, Bacon CRE generated 7...
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,...
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...
What keeps you up at night? Your kid’s latest Instagram post or their curfew violation? How about Croatia’s upcoming match versus England? For me it is Sacramento office leasing and sales. Last week I got up around 3:00 AM with the question: How have...
The Costa Hawkins Repeal & Rent Control There has been a lot of talk lately about repealing the Costa Hawkins Rent Control law that was passed in the 1990’s. Costa Hawkins essentially curtailed a jurisdiction’s capacity to impose rent control. Now Unions and...
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.