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• Trion Properties Completes Two NoCal Apt Buys and One Disposition
8/22/12
LA-based Trion Properties recently completed two NoCal multifamily acquisitions, in Fresno and Sacramento, while selling another asset, located in Auburn. The company acquired 124 units in Fresno and in a separate transaction...
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• JMA Ventures’ Purchase of Downtown Plaza Expected to Spur Redevelopment in Downtown Sacramento
8/16/12
In a recent transaction that is expected to spur redevelopment activity in Sacramento’s downtown area, JMA Ventures LLC (JMA) has acquired a substantial interest in Downtown Plaza, a mixed-use property that encompasses six c...
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• Uncertainty about Sacramento Economy Bodes Well for Region’s Rental Market
8/13/12
The lack of confidence surrounding the Sacramento economy will bode well for apartment owners through 2012, according to Marcus & Millichap’s 3rd Quarter 2012 Apartment Research Report for the region. Though job growth has re...
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• Crazy Climbers Ink Long-Term Lease in Roseville
7/30/12
Crazy Climbers inked a long-term lease for 10.9k sf of space at Roseville Commerce Center, a 113.3k sf industrial/flex/office/retail campus in Roseville, 18 miles northeast of downtown Sacramento. The property was purchased i...
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• Vanir Group Purchases 75k sf Lincoln Mixed-Use Property
7/25/12
Vanir Group of Companies has purchased Lincoln Gateway, a 74.6k sf, mixed-use retail/office property located at 100-170 Gateway Dr in Lincoln, roughly 30 miles northeast of downtown Sacramento. The property was sold by Panatt...
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• Sacramento Retail Shaping Up with Fitness Club Lease
7/16/12
We’ve got a couple of Sacramento-area retail deals to report. In one, Best Supplement (dba Fitness System West Sacramento) inked a lease for 24.7k sf of end cap space in West Sacramento. The space is located 2531 Evergreen Av...
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• Tracy Scifo Joins Jones Lang LaSalle as General Manager for the Firm’s NoCal Property Management Group
7/12/12
Tracy Scifo was hired by Jones Lang LaSalle as a General Manager in the firm’s Northern California Property Management group. In her new role, Scifo and her team will provide property management services, facilities and cons...
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• Investor Purchases $10.5 Mil Non-Performing Loan on Sacramento Retail Center
7/09/12
A privately held real estate investment and management company recently completed the acquisition of a $10.5 mil non-performing senior mortgage, which is secured by the Glenbrook Shopping Plaza, a five-building, 69.2k sf shop...
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• Virtú Investments Spends $12 Mil in Davis Multifamily Property
6/29/12
In a Sacramento-area multifamily buy, Virtú Investments has paid $12.05 mil for Americana Arms Apartments, a 157-unit ($76.7k/unit) in Davis. The 74.7k sf property is located at 1124 F St, approximately one mile from the Univ...
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• Decron Properties Closes 264-Unit Sacramento Res Buy
6/18/12
Decron Properties Corp, a Los Angeles-based owner/developer, closed on its first Sacramento investment by acquiring Broadstone at Strawberry Creek, a 264-unit multifamily apartment community. Decron has been a very active pla...
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• Sierra Pacific Mortgage Inks New Office Lease at Folsom Biz Campus
6/13/12
Sierra Pacific Mortgage signed a new HQ lease for 29.2k sf of space at Iron Point Business Park in Folsom, CA, about 24 miles northeast of downtown Sacramento. Sierra Pacific, a national mortgage lender, is relocating from wi...
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• Renovations Well Underway on UC Davis Off-Campus Housing Property
6/12/12
The Grove, an 80-unit rental apartment community in the NoCal college town of Davis, is more than halfway through an eight-month renovation that is designed to reposition the property and enhance its appeal to student renters...
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• Rawlings and Vallentine Join Sacramento Office of Jones Lang LaSalle
5/18/12
Clyde Rawlings and Toss Vallentine have been hired by Jones Lang LaSalle’s Sacramento office. Rawlings, a 24-year industry veteran previously with Grubb & Ellis, joins as Senior Vice President. Vallentine, also formerly wit...
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• Sacramento Multifamily Complex Sold to Kennedy Wilson Venture
5/15/12
A Kennedy Wilson-led venture has acquired Capitol Towers, a 409-unit apartment community in Sacramento, for $64 mil ($156.5k/unit). The purchase was financed with $50 mil from HFF/Freddie Mac at 3.51%, fixed for seven years. ...
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• Todd Vitzthum to Lead NoCal C&W Multifamily Investment Sales Team
5/14/12
Global real estate services firm Cushman & Wakefield has expanded its NoCal investment sales services with the recent addition of a veteran team of investment brokers specializing in apartment sales and high density multi-fam...
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• Sacramento Industrial and Retail Markets Seeing Positive Absorption and Rent Increases
4/26/12
In the first quarter of 2012, the Sacramento industrial market posted 673.5k sf of positive net absorption, giving the market a total of nearly 1.4 msf of positive absorption over the past four quarters. In addition, the vac...
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• Colliers International Adds 14 to Its NoCal Offices
4/10/12
In recent NoCal pro moves, Colliers International added 14 veteran brokers to their San Jose, Redwood City and Sacramento offices. All but one of the new hires join the firm from Grubb & Ellis, which is being purchased by BGC...
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• Trio of Sacramento Office Sales Total $3.5 Mil
3/30/12
Three recent office property sales in the Sacramento area totaled to $3.5 mil. The buildings have a combined 34.6k sf of space.
In one of the deals, an 11.7k sf office building located at 1687 Eureka Rd in Roseville sold for...
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• Beech Street Closes $11 Mil in NoCal Student Housing Financing Deals
3/29/12
Beech Street Capital recently closed another notable NoCal financing deal, having provided $11 mil in Fannie Mae DUS loans to refinance two student housing properties in Davis. The properties are located one mile north of the...
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• Alliance Group Completes New NoCal Operating Center for Gordon Trucking
3/16/12
The Alliance Group Commercial Construction has completed construction of Gordon Trucking’s new operating center in the NoCal city of Lathrop, located about 12 miles directly south of Stockton. The new center is expected to op...
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