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June 3, 2020
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SACRAMENTO NEWS
Archive
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• NBS Financial Arranges $16 Mil on Sacramento Office Property
1/28/11
NBS Financial Services has arranged a $16 mil loan for Granite Park Regional, a 149k sf office building in Sacramento. NBS’ Ken Griggs and Paddy Ryan placed the financing on the single-tenant building, currently occupied by t...
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• Sacramento Office Tower Receives LEED Gold Certification
1/24/11
Wells Fargo Center, a 502.4k sf office tower located at 400 Capitol Mall in Sacramento, has received Gold certification under the U.S. Green Building Council's LEED® rating system for Existing Buildings. Designed by HOK, Well...
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• Pair of Sacramento Apartment Sales Total Up to $8 Mil
1/19/11
Two Sacramento apartment communities recently sold in separate deals with above-market asking prices. The transactions, which had a combined value of more than $8 mil, were brokered by Voit’s Gaellelli Investment Team. In th...
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•  200-Unit Sacramento-Area Apartment Complex Sells for Over $10 Mil
1/13/11
A 200-unit apartment complex in the Sacramento Valley traded hands at a price of $10.15 mil ($50.8k/unit). Located at 5925 Rampart Dr in the city of Carmichael, the asset contains a total of 206.4k sf of space in 39 wood-fram...
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• 148-Unit Apartment Community on Outskirts of Sacramento Sells for Over $11.5 Mil
1/06/11
Sierra Ridge, a 148-unit apartment community in Citrus Heights, sold for $11.635 mil ($78.6k/unit). The property Is located at 7434 Auburn Blvd, on the southeast side of I-80. Citrus Heights is situated roughly 20 miles nort...
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• Grubb & Ellis Sees Slow Recovery Mode in Leasing for All Property Types in 2011
1/04/11
The new year should bring the start of a slow recovery in the leasing market for all property types, according to the 2011 Real Estate Forecast from national real estate services firm Grubb & Ellis. Activity in the investmen...
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• NBS Real Estate Closes Two Sacramento Apt Investments
12/13/10
Portland-based NBS Real Estate Capital LLC recently closed two notable investment deals in Sacramento-area apartment properties. The company made a $1.66 mil preferred equity investment made in a 62-unit apartment property lo...
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• Sacramento Industrial Market Sees Continued Negative Absorption
11/19/10
Here’s a brief overview of the Sacramento industrial market as of the third quarter of 2010. This update was provided to us by national real estate services firm Grubb & Ellis. • The Sacramento industrial vacancy rate increa...
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• 332k sf NoCal Industrial Property Sells for $9 Mil
11/15/10
Diamond Pet Food Products recently closed on the purchase of a 332.4k sf industrial property in Ripon, about 70 miles directly south of Sacramento. The property, located at 924 S. Stockton Ave, on the southwest side of Hwy 99...
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• NoCal Retail Tenant Activity
11/02/10
Who says retailers aren’t taking new spaces? We think the brokers at Terranomics, the retail specialists, could tell a different story. Here are pieces of information on seven recent retail leases closed by Terranomics agents...
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•  Investors Pick Up Sacramento-Area Multifamily Assets
10/08/10
We’ve got a couple of recent apartment sales comps from the Sacramento area to share with you. In one deal, the 39-unit Almondwood property in Winters sold for $2.55 mil ($65.4k/unit). The property is located at 801 Dutton St...
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• Roseville Office/Retail Portfolio Listed for Sale
9/28/10
A three-asset office and retail portfolio totaling 210k sf in Roseville has been put on the market, with Grubb & Ellis team of Steven Golubchik and Nicholas Bicardo handling the listing. The properties, Stoneview Plaza, Eure...
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• NewMark Merrill Awarded Management/Redevelopment Assignment for Sacramento Retail Center
9/16/10
NewMark Merrill Companies has been named to handle the management and redevelopment of Southgate Plaza, a 365k sf retail center in Sacramento. LA-based NewMark Merrill will immediately begin a comprehensive repositioning effo...
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• Charter School Leases 164k sf in West Sacramento
9/08/10
California College Career & Technical Education Center inked a lease for 164.3k sf of office and R&D space in West Sacramento. The non-profit public benefit corporation will use the space, located at 890 Embarcadero Dr, for a...
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• CA Retail Deal Update
8/31/10
TEMECULA (Riverside County) -- A private investor purchased Temecula Creek Plaza, a 69k sf retail center located at 31021 – 31141 Temecula Pkwy. Built in 2007, the property is located within close proximity to Temecula Creek ...
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• Investor Purchases Sacramento Area Multifamily Asset for Over $12 Mil
6/30/10
Rocklin Manor, a 157-unit apartment community in the Sacramento-area community of Rocklin, recently traded hands in a $12.2 mil ($77.7k/unit) transaction. Built in 1989, the complex covers six acres at 5240 Rocklin Rd, east ...
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• The Ultimate Marketplace Comes to Sacramento
5/17/10
In a notable retail lease from Sacramento, The Ultimate Marketplace-ShopSmart inked a deal for a 108.3k sf freestanding building at 7660 Stockton Blvd. The property was formerly occupied by a Sam’s Club. ShopSmart will be a...
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• Kevin Sheehan to Take Over Voit’s Sacramento Operations
5/07/10
Kevin Sheehan has been appointed Managing Director to oversee all aspects of Voit’s operations in the Greater Sacramento market, including asset and property management, brokerage, construction and development services. Shee...
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• Recent Deal Comps from Sacramento
4/14/10
The Sacramento office of Grubb & Ellis Company recently completed a number of transactions in the region, which we thought might be of interest to any of you who keep up with deal comps from that part of the state. The transa...
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• Sacramento-Area Retail Center Sells for $23.5 Mil
4/08/10
In a very newsworthy Sacramento-area retail sale, North American Development Group (“NADG”), on behalf of a shopping center investment fund, has acquired Rock Creek Plaza, a 205.1k sf regional shopping center in Auburn, for $...
Price: $3.99
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