| Erickson Companies Spends $26 Mil on Industrial Portfolio in AZ and CA that It Occupies
Erickson Companies purchased a multi-state industrial portfolio consisting of a 40k sf headquarters facility on 13 acres in Chandler, AZ and a 20k sf facility on 15 acres located in the Sacramento-area city of Roseville. The ...
| Report Looks at How Covid Pandemic Accelerated High-Density to Low-Density Population Migration Trend in Sacramento
Here is an interesting look at how the ongoing demographic trend of people moving from high-density markets to lower-density markets was impacted by the Covid-19 pandemic, at least for one market – Sacramento. This report was...
| Final Building Sale in Break-Up Execution of Rancho Cordova Retail Center Generates $1.8 Mil
A Stockton-based private investor purchased a vacant, 26.5k sf retail building in Rancho Cordova for $1.8 mil ($68/sf). The building, constructed in 1975 and formerly occupied by Fit Republic, is situated on 2.41 acres at 281...
| NoCal Investors Trade Modesto Multifamily Community in $17.5 Mil Deal
Trails at 212 Apartments, a 97-unit community in Modesto, sold for $17.55 mil, or $181k per unit. Built on a 5.32-acre site in 1985, Trails at 2112 Apartments is located at 2112 Floyd Ave, with significant exposure on frontin...
| Work Gets Underway on 477k sf Sacramento Biz Park
Construction has started on LINK Logistics Center @ Depot Park, a new, 477k sf freestanding industrial/warehouse and distribution building in Sacramento. Situated on nearly 27 acres, the new Class A facility is strategically ...
| Horizon Realty Advisors Buys 144-Unit Sacramento Apartment Community
Seattle-based Horizon Realty Advisors purchased Apex on the River, a 144-unit multifamily community in Sacramento, for an undisclosed price. Located at 8719 Woodman Way in the La Riviera submarket, the apartment complex backs...
| New Sacramento-Area Starbucks Trades at 4.14% Cap Rate
A new construction, single-tenant Starbucks Drive-Thru at Zinfandel Village, a grocery-anchored shopping center located at the on/off-ramp to U.S. Route 50 (Lincoln Highway) in Rancho Cordova, traded hands for $2.55 mil. The ...
| Sacramento-Area, Institutional-Quality Res Community Expected to Fetch Near $105 Mil
A recently developed suburban apartment complex is being marketed for sale in Roseville, a high-growth submarket within Sacramento — one of the best performing metros nationwide for multifamily sector growth.
| Sacramento Retail Trade Works Out to $139/sf
Nazareth Enterprises Inc paid $5.375 mil for EcoThrift Mall, a 38.6k sf ($139/sf) retail building on 3.6 acres, together with an adjoining, developable parcel of 0.77 acres, located at 7224 55th St in Sacramento. Led by Mouni...
| Buzz Oates Companies Buys Industrial Facility in West Sacramento
Buzz Oates Companies purchased a 135.9k sf industrial facility in West Sacramento for $20.8 mil, or $153/sf. The property, located at 3925 Seaport Blvd, is fully leased to Raley’s, a privately held family of grocery stores in...
| Davlyn Investments Completes $95 Mil Sacramento Area Apartment Purchase
Davlyn Investments has purchased The Terraces at Highland Reserve, a 273-unit, Class A multifamily community in Roseville, CA, for $95 mil ($348k/unit). Constructed in 2002, the property will be re-branded as Ascent at the Ga...
| Trion Properties and Walker & Dunlop Buy 136-Unit Multifamily Community in the Sacramento Area
Trion Properties has acquired Bella Pointe Apartments, a 136-unit multifamily community in the Sacramento submarket of Rancho Cordova, for $18.25 mil or $134k per unit. Trion specializes in multifamily investments in western ...
| Oakmont Properties Buys Sacramento Multifamily Property in $92 Mil Deal
Oakmont Properties has acquired Alira Luxury Apartments, a 293-unit apartment community in the Natomas submarket of Sacramento, for $92.3 mil, or $315k/unit. The property was sold by AG Spanos Companies in an off-market trans...
| Two Sacramento Multifamily Properties Refinanced in Transactions Totaling $42.6 Mil
Two Sacramento area multifamily properties were refinanced in separate loan transactions totaling $42.6 mil. The deals were arranged by Greystone Real Estate Advisors’ Todd Vitzthum, Simon Hermann and Cody Field on behalf of ...
| New Report from Cushman & Wakefield and Greater Sacramento Economic Council Looks at Region's Growing Economy, Real Estate Demand and Effects of the Pandemic
This report provided by Cushman & Wakefield
A new report just published by Cushman & Wakefield, with support from the Greater Sacramento Economic Council (GSEC), examines and offers pre- and post-pandemic insights around the...
| Kennedy Wilson Boosts Its NoCal Brokerage Presence with Three New Hires and a Promotion
There's been three new hires and one promotion at the Concord office of Kennedy Wilson Brokerage, a division of Kennedy Wilson Property Services. Serving the Bay Area, Sacramento and Central Valley in Northern California, the...
| Nazareth Enterprises Buys Sacramento DaVita Kidney Care Facility
Nazareth Enterprises Inc has purchased a 14.8k sf DaVita Kidney Care facility at the College Square Shopping Center in Sacramento. The property, located at 8275 Bruceville Rd, sold for $11 mil ($743/sf).
| Oakmont Properties Wraps Up $118 Mil Multifamily Buy in Sacramento
San Rafael-based Oakmont Properties recently closed on the purchase of The Press at Midtown Quarter, a 277-unit, Class A multifamily property located in Midtown Sacramento, in a transaction valued at $118 mil ($426k/unit). We...
| Sacramento Apartment Property Goes for $178k/Unit
The Davenport, a 126-unit multifamily property in Sacramento, traded hands in a recent $22.5 mil ($178.5k/unit) deal. The property is located at 941 43rd Ave, north of Riverside Ave and west of I-5.
The seller, an affiliate ...
| EAH Housing Buys Downtown Sacramento Property for Residential Redevelopment Project
San Rafael-based EAH Housing acquired a 1.27-acre, urban infill, transit-oriented multifamily development site in the heart of the Broadway Corridor near downtown Sacramento. The property, located at 1901 Broadway, was sold b...