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 […]
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?
Commercial Real Estate is all about Relationships
Whether you’re a buyer, seller, landlord, tenant, or broker, you build trust with every interaction. Consistency, reliability, transparency, and a common cause, build trust one brick at a time.
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.
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.
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.
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.
“…all the things that revolutionized downtown Sacramento are still here…”
Downtown Sacramento might be down, but it is not out. It’s just a matter of time. How much time is TBD.
How About Lunch – With Roger Federer?
“He was saying, In order to preserve the longevity of your career, you need to take the moments to look around, appreciate where you are, breathe it in,” Shiffrin said. “As he (Federer) got more into the depths of his career, when it gets harder to kind of look up and around you and appreciate everything right in that moment, is when it’s the most important to do it.”
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 […]