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148-Unit Apartment Community Near UC Davis Sells for $15 Mil 3/01/10 A 148-unit apartment community in Davis, CA was purchased by a NoCal investor for $15.1 mil or about $102k/unit. The property, Stonegate Village, is located at 2950 Portage Bay West, east of Hwy 113 and just north of Russell ...
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Recent Deals Bring Sacramento-Area Office Property to Fully Occupied 2/19/10 Capitol Oaks Office Building, an 89.8k sf office building in the Sacramento’s South Natomas submarket, is now fully occupied after recent signings with KB Homes and the Department of Social Services. Owned by Basin Street Pro...
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Basin Street Offering Parcels at 38-Acre NoCal Subdivision 2/03/10 Basin Street Properties is marketing parcels for sale at its 38-acre commercial/industrial subdivision located in the city of Willows, situated about 85 miles northwest of Sacramento. The development, Willows Commercial Cent...
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Pair of Sacramento-Area Multifamily Assets for Close to $10 Mil 1/21/10 Here’s an update on a couple of recent NoCal multifamily investment deals in and around the Sacramento area, in Placerville and Rocklin. In the larger of the two, a California limited partnership out of Arcadia paid $5.8 mil...
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Sacramento Commercial Real Estate Markets Expected to Struggle in Coming Year 1/11/10 In 2010, commercial real estate fundamentals are expected to decline more slowly than in 2009, with most property types reaching bottom near the end of the year and beginning a slow recovery starting in 2011. At least that’s...
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CBRE Awarded CA DGS Assignment to Sell 11 Office Properties 12/15/09 CB Richard Ellis Group Inc was awarded the contract to sell 11 properties containing 17 state office buildings on behalf of The California Department of General Services (DGS). The properties, which are located in Los Angeles...
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Sacramento Multifamily Property Trades for $11.5 Mil 12/01/09 An Austin, TX-based investor closed on a significant Sacramento multifamily buy after paying $11.5 mil for The Villas at La Riviera, a 199-unit ($57.8k/unit) property. The complex is located at 7901 La Riviera Dr, north of th...
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Sacramento Industrial Vacancy Rate Continues to Rise 11/09/09 Here’s an overview of the Sacramento industrial market, as of the end of the third quarter 2009. This summary was provided to us by national real estate services firm Grubb & Ellis.
• The industrial vacancy rate increased ...
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Simeon Gets Signature on Sacramento Retail Lease 11/05/09 In a recent Sacramento retail lease, Peter Truong and Vo Tran, dba Signature Furniture, inked a deal for a 38.9k sf freestanding building at 7224 55th St. Shaun Morrow of Terranomics Retail Services represented the tenant and...
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Goodwill and Signature Furniture Galleries Ink New Sacramento Retail Leases 10/06/09 We’ve got three recent retail leases to report in or around Sacramento. In one of the deals, Peter Truong and Vo Tran, dba Signature Furniture Gallery, leased 28.9k sf of space at 7224 55th St. The lease commences in December...
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$12 Mil NoCal Retail Property is a Butte 9/18/09 Las Plumas Plaza, a 164.9k sf shopping center in the CA town of Oroville, was purchased by a San Francisco-based investor for $11.8 mil ($72/sf). The property, one of the most dominant retail centers in the trade area, is loc...
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Sacramento Office Vacancy Rate Nearing 20% 7/28/09 The vacancy rate in the Sacramento office market increased in the second quarter of the year to 19.5 percent, compared to 18.7 percent at the end of the first quarter, according to Grubb & Ellis' latest Office Metro Trends Re...
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Sacramento Sees Lofty Apartment Sale 7/24/09 The Lofts, a 188-unit multifamily asset in Sacramento, was purchased by the Reliant Group out of San Francisco for $18.46 mil, or roughly $98.2k/unit. The property is located at 3351 Duckhorn Dr, just west of I-5 and north o...
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Westrust to Grow Nut Tree 7/14/09 Westrust, the big CA-based retail developer/operator, has acquired the assets of Nut Tree Associates, the master-plan developer of the Nut Tree, and Nut Tree Family Park, the 3.5-acre NoCal amusement park which closed on Janu...
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Basin Street Signs Two New Leases at Sacramento Business Park 6/10/09 In recent Sacramento-area leasing activity, Granite Construction Inc and NCS Pearson Inc each agreed to five-and-a-half-year lease agreements at California Center, a 168k sf Class A business park in Sacramento. The complex is...
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College Square Apartments Recognized as Best of Davis 6/09/09 College Square Apartments, a 240-unit apartment community in Davis, has been recognized with a “2009 Best of Davis Award” given by the U.S. Local Business Association (USLBA). Owned by KW Property Fund III, an entity of Bever...
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48-Unit Woodland Multifamily Property Sells for $2.2 Mil 6/02/09 Crosswood, a 48-unit apartment complex located at 641-645 2nd St, southwest of I-5 in Woodland, sold for $2.2 mil ($45.8k/unit). Woodland is a NoCal town of roughly 54,000 people located 20 miles northwest of Sacramento.
Ste...
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Latest Listing has Sacramento-Area Multifamily Market Rocklin and Rollin' 5/21/09 Investors looking for institutional-quality multifamily opportunities in the Sacramento area may want to check out this listing in Rocklin, a city of about 55,000 people located 22 miles northeast of Sacramento. The property ...
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126k sf Sacramento Office Property Hits the Market 5/08/09 In news of a notable Sacramento listing to hit the market, 10000 Goethe Rd, a 126k sf office building on roughly 10 acres of land, has been offered for sale. Completed in 1997, the property is a two-story Class A building sit...
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Metrocities Mortgage Takes 2.6k sf of Class A Space in Sacramento 4/30/09 Metrocities Mortgage agreed to a two-year lease for approximately 2.6k sf of Class "A" office space at California Center, a 168k sf corporate campus in Sacramento. Metrocities, a national direct residential mortgage lender, t...
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