Sacramento
Shorenstein Snags US Bank Tower in Sacramento
With help from JLL, a joint venture between David S. Taylor Interests and Britannia Pacific Properties sold the 25-story Class A office high-rise at 621 Capitol Mall.
STORE Capital Buys AZ, CA Assets for $21M
The two properties sold by Erickson Construction feature railroad spurs and are located near major thoroughfares. The transaction involved a lease contract for STORE Capital.
Jackson Lewis Expands CA Footprint
The 507,264-square-foot office tower was designed by Hellmuth, Obatta & Kassabaum in 1992. NKF Senior Managing Director Dan Chamberlain represented the law firm in the expansion.
Sacramento Nabs Largest On-Airport Solar Facility in CA
With capital investment from NRG Energy, the project is expected to provide nearly one-third of the city’s airport with electricity, cutting energy costs by $850,000 per year.
NCC Closes $33M Sale of Sacramento Retail Center
With a 98 percent occupancy rate, Laguna Village Investors LLC bought the 15-acre asset anchored by Regal Cinemas and 24 Hour Fitness.
NewMark Merrill Buys CA Shopping Center
Madison Marketplace is located in Fair Oaks, Calif., and is 93 percent leased to several national and local retailers including Raley’s Supermarkets and TJ Maxx.
Law Firm to Open Sacramento Office
Buchalter signed a 12,000-square-foot lease in downtown Sacramento, Calif. Scott Bennett of Colliers International negotiated the lease on behalf of the tenant, while Greg Levi of JLL represented the landlord, Tsakopoulos Investments.
Sacramento-Area Walmart Central Trades for $40M
Nazareth Enterprises Inc. surpassed the $100 million mark in acquisitions in the third quarter with the purchase of the 139,277-square-foot asset in Folsom, Calif.
Sacramento Sets the Pace
Although multifamily rent gains across the country have been decelerating in recent months, Sacramento continues to outperform. The average rent across the metro was up 9 percent year-over-year as of April.