Choose Your Shot Wisely
A walk through a storm-battered golf course turns into a lesson on choices, consequences, and why golf really is a mirror for life—shot by shot.
“Ethan, I am your father.” Would you like to buy my building?
Costar states that Downtown’s overall vacancy factor is 8.7%. However, when you only consider Class A buildings over 150,000 SF, the vacancy factor is nearly 21%. This does not include 250,000 SF available at 1515 S Street, one block from The Ice Blocks Development. My money is on the fact that the State of California might take over the space at 1515 K Street. I still believe that Downtown Sacramento “will be back.” It has so many fantastic draws.
Sacramento Rents: A Correction That Was Bound to Happen
Sacramento’s rental market has finally hit the brakes. After years of runaway rent growth — up roughly 30–35% since 2020 — prices are softening as unita sit, incomes lag, and development slows under high construction costs and interest rates. Average rents have dipped to around $1,850, and effective rates are even lower. This isn’t a crash, it’s a long-overdue correction — the market finally catching its breath and finding its rhythm again.
The Beautiful Game
I went to the Screening of “The Beautiful Game” sponsored by Lance Hastings, the Director of CMTA. It turns out that the members of this year’s class of Leadership Sacramento were there. The Guild Theater in Oak Park is a great venue that seats about 100 people. After the movie, Scott Syphax moderated a panel […]
Transforming Sacramento – ULI – Studies and Theories with a Practical Touch
Batter Up! Transforming Sacramento. During a walkthrough of a client’s new office, I noticed two red wires dangling from the entrance to my client’s building. The wire had been connected to a new security camera; I hope they got the heist on video! But even if they caught the perpetrator, the ticket would probably be […]
Sacramento CRE Perspective 2023
Before the Pandemic, Downtown was the crown jewel. Frankly, it was on fire. It will likely be another tough year for Downtown, but I am confident that Downtown will shine again! Everything that was there is still there, except office workers. And while we do have a significant challenge with the homeless population, I am confident that with the right leadership, the homeless population will be addressed.
You gotta “Ac-Cent-Tchu-Ate The Positive”
You Are What You Think I was talking with good friend who happens to be a commercial real estate broker in North Carolina. I call him when I want to save $150 on therapy. Like me, he is an independent broker and he had worked for a large national company. We talked about business, the […]
Greater Sacramento Economic Council – Sacramento’s CEO
The Greater Sacramento Economic Council (GSEC) invited a select group of commercial real estate brokers over to their office last night. Barry Broome, President and CEO, laid out GSEC’s game plan. The first step, which seems to be coming to a close, has been to get organized and get a lay of the land. GSEC understands […]