Jeff Randle of Randle Communications stated in his December 2015 editorial, “I believe 2016 will determine Sacramento’s future. Decisions made by our leaders plus choices made by residents will set a course for generations to come.” See the editorial from the Business Journal: Key issue of 2016: private-sector growth Of course, I completely agree, but
Don’t Buy the Hype, Buy the Fundamentals I am the first to promote how all the trends and developments in Sacramento’s central core aka THE GRID are supporting significant increases in rents and property values. If rents weren’t going up, we wouldn’t have market rate housing like Powerhouse 16 developed. But if you are an
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
It’s not the Gold Rush……. Gradual Value Appreciation? I think not. Property is selling in the Midtown and Downtown Markets (The Core) for prices that are justified by increased demand for housing in Core, the development of the Arena and a multitude of other developments (see this October 14 Post on Urban Land Value. Believe
With the 4th of July just a day away I dusted off the old history book and started reading about our Founding Fathers. One of them, Thomas Jefferson who was President at the time (1803), sent Robert Livingston over to France to negotiate the Louisiana Purchase. Later, Jefferson sent James Munroe to assist, but shortly
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 site of the former Rosemount Grille — which operated in East Sacramento from 1945 to 1989, and — should be dishing out some amazing food by the end of this year. The 11,000 square foot building on Folsom Boulevard will house what is sure to be an incredible addition to the neighborhood. One side
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