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• Sacramento Office CRE Market Update 3rd Qtr. 2022
10/04/22
This update was provided by real estate services firm Kidder Mathews
"Sacramento Office Employers Get Creative with Reduced Space"
Market Highlights
Asking lease rates have increased to $2.15/SF.
Direct net absorption...
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• Buchanan Mortgage Holdings Funds Three CA Loans Totaling $55 Mil
10/03/22
Buchanan Mortgage Holdings LLC (BMH), an affiliate of Buchanan Street Partners L.P., recently closed three loans in California totaling $55 mil. The financing deals were for development land in San Diego, an office to res con...
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• Lease for 103k sf at the Contra Costa Logistics Center is an Enchanting Deal
10/03/22
Canadian-based live event production company Enchant inked a lease for 103k sf of space at the Contra Costa Logistics Center in Oakley, a NoCal city situated roughly midway between San Francisco and Sacramento. Terms of the d...
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• Sacramento Office Building Trades for $55 Mil
9/27/22
A partnership between Seagate Properties and Cottonwood Group purchased 925 L St, a 168.8k sf, Class A, multi-tenant office building in downtown Sacramento, for $55.1 mil ($326/sf). The property was sold by a joint venture be...
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• DCG Fulfillment Leases 306k sf in Lathrop, CA
9/26/22
In a NoCal logistics lease, DCG Fulfillment inked a deal for 306.4k sf of space in Lathrop, about 10 miles south of Stockton. The space is part of a 610k sf industrial warehouse located at 3645 W. Yosemite Ave.
The facility ...
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• Sacramento Office Building Trades for Just Over $9 Mil
9/21/22
Locally-based Bardis & Miry Development paid $9.05 mil for Executive Commons, a 47k sf ($192.50/sf), two-story office building in Sacramento. Located at 350 University Ave, the multi-tenant property was 95% leased at the time...
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• American Capital Group to Begin Construction on Res Development in West Sacramento
9/09/22
Construction of Kinect @ Southport, a new, 322-unit suburban community located in the highly desirable West Sacramento submarket, is set to begin now that American Capital Group, the developer, has received funding for the pr...
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• Basin Street Properties Adds Concierge Services at Its Sacramento Properties
8/30/22
Basin Street Properties has added a new tenant amenity program -- concierge services -- across its Sacramento properties.
The new service is designed to provide on demand assistance with many personal and professional task...
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• Four-Building Office Complex in the Sacramento Area Trades for $49.3 Mil
8/19/22
Aug 19 Four-Building Office Complex in the Sacramento Area Trades for $49.3 Mil
Venture between ProEquity Asset Management Corporation and Solaris Capital buys 245k sf asset in sale/leaseback deal with Blue Shield of Californ...
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• MCA Realty Spends Just Over $10 Mil on Sacramento Industrial Portfolio
8/18/22
MCA Realty has purchased a small-bay industrial portfolio in Sacramento for $10.2 mil. The acquisition consists of three properties totaling 82.6k sf ($123/sf) of space.
The newly acquired portfolio is currently 100% occupie...
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• MG Properties Group Buys Two Sacramento Multifamily Properties
8/15/22
MG Properties Group is further expanding its Sacramento presence with the acquisition of Eleanor and H16 Midtown Apartments, two multifamily communities totaling 190 units. The price was not given out.
The two newly combined...
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• Avanath Capital Management Closes on 1,032-Unit Res Portfolio Buy in the Sacramento Area
8/08/22
Avanath Capital Management LLC has acquired six affordable family and senior multifamily communities totaling 1,032 units in the Sacramento metropolitan area in an off-market transaction valued at more than $181.6 mil.
Th...
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• A Pine Tree-Led Venture Buys 414k sf Regional Retail Center in Sacramento
8/05/22
A venture between Pine Tree and a pension fund purchased Delta Shores, a 414.7k sf regional shopping center in Sacramento, for $122.5 mil ($295/sf). Located at 8270 Delta Shores Cir S, major tenants at the center include Dick...
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• JB Matteson Locks Up $33 Mil Refi on Sacramento Multifamily Property
8/02/22
JB Matteson has secured a $33 mil refi loan on Granite Point Apartments, a 384-unit, Class A multifamily property the company owns in Sacramento. Built in 2003, the property is located at 4500 Truxel Rd.
Granite Point Apartm...
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• Agora Realty and Management Pays $285/sf for Sacramento Area Retail Center
6/06/22
Agora Realty and Management purchased Antelope Marketplace, a 115.5k sf retail center located at 7901 Walerga Road in Antelope, a suburb of Sacramento, for $33 mil ($285/sf). The property was sold by Philips Edison & Company....
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• CenterSquare Investment Management Picks Up 44k sf Sacramento Area Retail Center
5/16/22
CenterSquare Investment Management paid $17.25 mil for Waterman Grove Plaza, a 44.1k sf ($391/sf), value-add retail strip center in the growing Sacramento-area community of Elk Grove. The property was sold by Pacific Castle M...
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• Sacramento-Area Multifamily Property Refinanced with New Loan for $34 Mil
4/15/22
American Capital Group has locked up a $34 mil refi loan on Laguna Creek Apartments, a 160-unit, garden multifamily community in Elk Grove. The loan was provided by Hartford Investment Management Company.
Located at 8760 Cen...
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• Heres an Update on the Sacramento Industrial Market for the First Quarter of the Year
4/11/22
This report provided by real estate services firm Kidder Mathews
Market Highlights
Asking lease rates for all industrial properties were $0.72/SF NNN in 1Q 2022.
Direct vacancy rates decreased to 3.5% in 1Q 2022.
Dire...
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• Newly Constructed 618k sf NoCal Distribution Facility Trades
3/29/22
A newly constructed 617.8k sf, Class A distribution/e-commerce facility on 35.7 acres in Vacaville was acquired by an unnamed global real estate investment manager. It was sold by a joint venture of LDK Ventures and PCCP LLC....
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• Soma Capital Pays Over $700k per Unit for Newly Built Sacramento Res Community
3/18/22
San Francisco-based Soma Capital purchased a newly developed 75-unit luxury multifamily community in Sacramento for $57.1 mil ($761.3k/unit). Built in 2020, the Midtown asset is located at 1430 Q St.
The award-winning asset ...
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