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. One thing I didn’t now about Core is this: Core recently took up golf, and in 2015 made the PGA Tour. In a matter of months, Core has risen to the top of the money list! At […]
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 representing occupiers in their commercial real estate dealings, I strongly encourage retaining a broker when dealing with a renewal or new lease. Certainly, you are capable of finding space; there […]
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 increased significantly over the last 6 months, and it seems that the expectations of most Tenant’s have adjusted in step. I think a big reason why most tenants have adapted (begrudgingly) to increased rent is because Downtown Sacramento is a different value proposition. A client of mine owns […]
Commercial Property Owners Targeted in Effort to Change Proposition 13
Over 30 years ago, voters passed Proposition 13 in response to unpredictable tax increases imposed on property in this state. Prop. 13 set a base rate of taxation and limited annual increases in assessed value. This protection continues today for all residential, commercial and industrial properties. Year after year, legislation is introduced to increase taxes […]
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 […]