Sacramento’s CORE: Par, Birdie, Eagle. Albatross next?
Sacramento’s Core (Midtown and Downtown) is not very sneaky. In fact the whole world has taken notice. Here’s something I didn’t know about Core: he took up golf and made the PGA Tour in 2015. In a matter of months, Core has risen to the top of the money list! After a remarkable third round […]
Renewal or New Lease? Don’t Go Naked.
How long would a snail survive without its shell; a porcupine without its quills; a skunk without its spray? As a commercial real estate broker, I strongly recommend hiring a broker when negotiating a lease renewal or a new lease. Certainly, you are capable of finding space; there are numerous data providers like Costar and […]
Talk is Cheap. Downtown and Midtown Sacramento Have the Walk to Back it up!
While the Sacramento commercial real estate market seems white-hot, with property flying off the shelf, most buyers of commercial properties (not to be confused with multifamily) are deliberate and sensible. Recent sales in Midtown and Downtown certainly show that values are up, and the sales demonstrate that the Arena effect is more than hype, it […]
Downtown Market Keeps on Rolling!
Downtown Sacramento Class A office rents have risen sharply over the last six months. Most tenants have adjusted their expectations accordingly. Many tenants have accepted higher rents because Downtown Sacramento offers a different value proposition. A client of mine owns 1029 J Street at 11th and J. Although it is not a Class A building, […]
Commercial Property Owners Targeted in Effort to Change Proposition 13
More than 30 years ago, voters approved Proposition 13 to limit unpredictable property tax increases. The measure established a base tax rate and capped annual assessment increases. Those protections still apply to residential, commercial and industrial properties. Year after year, legislation is introduced to increase taxes on commercial and industrial property by amending Prop. 13 […]
The Senator will Rise Again
It looks like the iconic Senator Office Building is about to change hands. The building consists of about 160,000 square feet on 10 floors, and has historically been a popular location for lobbyists and associations since it is directly across the street from the Capitol. In 2010 CALHFA vacated the building to move into a […]