The show must go on.
One of my favorite motivational speeches took place at the Delta House in the 1960s. Bottom line: When the going gets tough, the tough get going. You may not think that you have the time to watch this video, but you will be glad you did. During the beginning of the speech, Bluto (Belushi) rallies […]
Sacramento Office Market – The Tale of two Sub-markets
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 office values behaved in Midtown and Downtown over the last 3 […]
Sacramento Rent Control?
The Costa Hawkins Repeal & Rent Control Lawmakers passed the Costa Hawkins Rent Control law in the 1990s, and now many groups are pushing to repeal it. Costa Hawkins essentially curtailed a jurisdiction’s capacity to impose rent control. Now Unions and Tenant organizations are seeking to repeal Costa Hawkins (CA). Cities want to reduce housing […]
Amazon HQ2 Takeaways
Amazon Moving to Sacramento? No, but other Unicorns will! Last year, 238 Bidders for Amazon’s 2nd headquarters submitted proposals to induce Amazon to locate 50,000 employees in their regions. Everyone I am certain had reasons but according to CCIM’s chief economist, K.C. Conway, only 50 bidders met the base criteria. If it were not for […]
Sacramento’s Emerging Boulevard – Broadway
In 1991, my new bride and I moved from Manhattan Beach to Sacramento. We arrived in a U-Haul at 9:00 PM and had a 800 S.F. rental lined up on Harkness in Land Park. We had no keys to the place, so we had to call the owner. He staggered out of his car about […]
News Break: Sacramento Office Market Banned for Taking Performance Supplements
For decades, Sacramento has been considered a secondary or tertiary market. For those who bought-in 3 to 5 years ago, they are now reaping the benefits. Now that the office market has reached equilibrium, it is only a matter of a couple years until we will see meaningful uptick in construction of speculative office product. […]
Sacramento’s Big Man is just getting started.
How about those Sacramento Kings? They won last night without their Big Man, Cousins. The team looked completely different. Six players scored in double digits. Willie Cauley-Stein had a career high 29 points. The Arena Continues to Drive Growth Would the Downtown market be on such a winning streak without its Big Man? I don’t […]
Sacramento’s Golden One Arena Makes Almost Everything Better
The Sacramento Kings staying in Sacramento was great. The Golden One Arena’s ripple effect may be the biggest game changer since the Gold Rush. Other cities, including San Diego, Denver, and San Francisco, have built new arenas and benefited economically. However, in relative terms, Sacramento’s Arena will probably turn out to be far more significant. […]