The Compound @ N20: From Roof Hatches to Rebirth in Midtown
Closed: Two vacant Midtown buildings, one roof hatch break-in, seven tents, a lawsuit, and a dissolved LLC. Somehow… we still got it done. #CRE #MidtownSacramento #DealClosed #MixedUse
Golf and Selling Property
“You know, when I was your age, I’d hit the ball right over that tree.”
With the challenge before him, the young man swings hard, hits the ball, watches it fly into the branches, rattle around, and land with a thud a foot from where it had started.
“Of course,” says the old man, “when I was your age, that tree was only eight feet tall.”
Should I buy or should I lease now?
What is the exit strategy? If for some reason you need to move out of the building, will you hold the asset and lease it out, or will you sell it? Is the property single purpose or will it appeal to a broad base of potential occupants?
Done Deals in Sacramento’s Core 2023
If a deal doesn’t have to happen, it probably won’t. Since early 2023, most development deals haven’t penciled, which has left several projects on hold until construction costs and interest rates go down.
Done Deals!
Larry was grinning like the Grinch and said, “Really, you got this?” “Yep,” I chirped back. “I got my license and I read a bunch of books!” Larry ordered us another martini.
Mixed Use? Office? Home? 2609 Capitol Ave checks all the boxes
The nice thing about Midtown is that you can walk to a variety of restaurants and shopping. Also, it is a great place to live and employees can walk to work.
Midtown – Sold
Unicorns are extinct and many of them included exchange buyers. Office users have been in a coma (but I have noticed them starting to blink.) Developers are in hiding, and investors are extremely cautious.
To Everything There is a Season
Fill-o-soph-ical Friday Bob Hope was in the kitchen having a cup of coffee and his wife asked, “Bob, have you thought about where you want to be buried?” Bob’s reply, “Surprise me.” Over the last couple of weeks, two of music’s Icons have died. Jeff Beck passed away on January 10th at 78 years […]
Sacramento’s Del Paso Blvd is Due!
It was a dark and Stormy night…..” I first visited Del Paso Boulevard in 1991 after a King’s game at the ARCO Arena. I was new to Sacramento, I was navigationally challenged and suffered from impaired night vision. I don’t remember who we played that night, but I do remember stumbling upon Del Paso Boulevard. […]
Sacramento Core Heating up Just in Time for Summer
Every couple months I run a sales comp report to see what has sold recently. This time I looked up: land, multifamily, office and retail sales that closed in the last 6 months. I own a couple properties myself. I wish I had bought my properties when I moved to Sacramento in 1991. Land sales […]