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• Fenway Capital Advisors Entity Refinances Sacramento Office Building with New Loan for $16.7 Mil
12/17/24
A Fenway Capital Advisors subsidiary has locked up a $16.7 mil refi on 100 Howe, a 130k sf, boutique office complex in Sacramento.
The five-year, interest-only loan was arranged by JLL Capital Markets and funded by Goldman ...
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• Ken Reiff Joins Kidder Mathews in Sacramento as Executive Vice President
11/21/24
Ken Reiff, SIOR has joined Kidder Mathews as an executive vice president in Sacramento. Reiff brings more than 30 years of commercial real estate experience, specializing in distribution warehouse space and food processing fa...
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• Trophy Office Tower in Downtown Sacramento Changes Hands in $117 Mil Transaction
10/31/24
PacWest Equities, an affiliate of Buzz Oates, acquired 400 Capitol Mall, a Class A, 501.3k sf trophy office tower in downtown Sacramento, for $117 mil ($233/sf) in an all-cash deal. The transaction represents the largest offi...
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• Hines Entity Buys 143k sf Medical Office Building in Sacramento
10/29/24
Sutter Medical Plaza, a 143.2k sf medical outpatient building in Sacramento, was purchased by a fund sponsored by Hines. The property, located at 1625 Stockton Blvd, sits on a five-acre parcel near Sutter Medical Center.
The...
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• North Sacramento Warehouse Property Trades in $5.8 Mil Transaction
10/09/24
A 58.2k sf warehouse in north Sacramento was purchased by a private investor in a $5.82 mil ($100/sf) transaction. The property is located at 600 – 610 Sequoia Pacific Blvd, just east of I-5 and adjacent to the American River...
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• New Chipotle Ground Lease in Rancho Cordova Sells for $4.34 Mil
8/06/24
A new property leased to Chipotle Mexican Grill with a drive-thru “Chipotlane” at Anatolia Marketplace shopping center in Rancho Cordova was acquired by a Bay Area-based 1031 exchange investor in a pre-sale. The absolute NNN ...
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• Davlyn Investments Locks Up $56 Mil Refi Loan on Sacramento Area Res Community
7/09/24
Davlyn Investments has landed a $56.2 mil refi loan on Ascent at the Galleria, a green-certified, 273-unit multifamily property located in Roseville, CA. The financing was arranged by Mitch Clarfield and Meghan Varga with New...
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• GPR Ventures Closes $42 Mil Sacramento Area Industrial Buy
7/08/24
GPR Ventures has acquired Capitol Industrial Center North & South, a 335.7k sf industrial property in Rancho Cordova. The multi-tenant biz park traded for $42.7 mil ($127/sf) and boosts GPR’s portfolio in the Sacramento regio...
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• Multifamily Asset in Sacramento’s Elk Grove Submarket Trades for $77 Mil
6/10/24
The Artisan, a 264-unit Class A apartment community in Sacramento’s Elk Grove submarket, was acquired by Weidner Apartment Homes for $77 mil, or $291.7k/unit.
The Artisan, completed in 2005, offers one-, two- and three-bedro...
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• Newly Constructed Retail Pad Building in Rancho Cordova Sells for Over $800/sf
6/06/24
A new construction, 5.9k sf multi-tenant net-leased retail pad, Shops III at the new Anatolia Marketplace shopping center in Rancho Cordova, was purchased for $4.8 mil ($813/sf) by a local private 1031 exchange investor.
The...
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• Sacramento Gets Its First Build-To-Rent Affordable Housing Project
4/26/24
A new affordable, workforce housing development in Sacramento, Tanzanite Homes, is the city’s first Build-To-Rent (BTR) single-family home community and the first to add a mix of Accessory Dwelling Units (ADU.) Offering 211 h...
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• Sacramento Office Property Acquired by Chavez Management Group in a $44 Mil Deal
4/19/24
Chavez Management Group Inc closed on the acquisition of a Sacramento office asset, paying $44.5 mil for Natomas Corporate Center, a two-building, 419k sf ($106/sf) property in the city’s South Natomas submarket. The Class A,...
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• Sacramento Office Market Continues to See Increasing Vacancy Rates
4/15/24
This report provided by real estate services firm Kidder Mathews
Market Highlights
• Vacancy rates grew YOY and QOQ to 11.8%.
• Availability rates increased by 90-bps YOY and 70-bps QOQ to 15.3%.
• Asking lease rates fell ...
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• NewMark Merrill Companies Awarded Management Assignment for Popular NoCal Retail Destination
3/29/24
Sacramento-based Tower Investments has awarded NewMark Merrill Companies the property management assignment for The Nut Tree and Nut Tree Plaza, an iconic 372.2k sf retail and entertainment destination in the NoCal city of V...
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• Sacramento Area Self-Storage Facility Trades
3/21/24
A 993-unit self-storage facility located at 6025 Park Dr in the NoCal city of Rocklin was acquired by an institutional buyer. It was sold by an affiliate of Banner Real Estate Group.
The expansive property sits on 1.72 acres...
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• Macy’s Leases New NoCal Distribution Facility
1/22/24
Macy’s has inked a long-term lease for a new 272k sf, logistics/distribution facility in Lathrop, CA. The structure is located at 3400 W Yosemite at the Phelan Lathrop Gateway industrial park, roughly 10 miles south of Stockt...
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• DRA Advisors and Rising Realty Partners Buy 531k sf CA Central Valley Industrial Portfolio
1/12/24
DRA Advisors and Rising Realty Partners have teamed up in the purchase of a six-building industrial portfolio totalling 531.3k sf in the CA Central Valley cities of Tracy and Stockton. The price was not disclosed.
The portfo...
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• Sacramento Industrial CRE Market Update – 4th Qtr. 2023
1/08/24
This report provided by real estate services firm Kidder Mathews
MARKET HIGHLIGHTS
• The average asking lease rates climbed to $0.85/sf, an increase from $0.77/sf in 4Q22.
• Direct vacancy rates rose from 3.9% to 4.6% QOQ.
...
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• Modesto Multifamily Community Goes for $42.7 Mil
1/05/24
Edge at Lakewood Apartments, a 196-unit apartment community in Modesto, CA, traded hands in a $42.7 mil ($217.9k/unit) transaction. We’re told that the sale, which closed at the end of December, marks the largest multifamily ...
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• Sacramento Quest Diagnostics Strip Center Listed at $3.165 Mil
1/04/24
An 8.9k sf, Quest Diagnostics-anchored strip center in Sacramento has been put on the market with an asking price of $3.165 mil. Other tenants at the property include Game Stop, GNC and Hip Hop Jeans.
The Quest & Shops prope...
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