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Consulting Firm Leases its First Space in East Sacramento
Tech consulting firm KAI Partners Inc. will establish its first dedicated location in February, a 9,000-square-foot lease in Cannery Business Park in Sacramento. Scott Kingston of Turton Commercial Real Estate and Mark Hefner of Mohr Partners Inc. represented Wood Rodgers on the lease.
Engstrom Properties’ Bid for Davis’ Historic City Hall Accepted
Engstrom Properties, which owns and operates several commercial properties in Davis, is the probable new owner of the Historic City Hall building at 226 F St. in downtown Davis. Turton Commercial Real Estate was the successor agency’s broker for the sale, marketing the property and helping to evaluate the four offers received.
Indie Capital Scoops Up Land for Housing on Broadway
Infill single-family homebuilder Indie Capital has scooped up another vacant parcel along Broadway in Sacramento. The local builder closed escrow in the last few weeks on 25,600 square feet of property on the northwest corner of Broadway and Ninth Street, said a broker on the deal. John Mudgett, of Turton Commercial Real Estate, said the builder is planning to develop the site with a combination of single-family and possibly multifamily homes.
Wisconsin Company Buys Midtown Sacramento Bike Shop
Midtown stalwart bike shop City Bicycle Works has been bought by Trek Bicycle Corp. Waterloo, Wisconsin-based Trek manufactures and distributes bikes under brands including Trek, Electra Bicycle Co., Gary Fisher, Bontrager, Diamant Bikes and Villiger Bikes. Scott Kingston and Aaron Marchand of Turton Commercial negotiated the new lease between Trek & the Landlord.
Historic City Hall is Up for Sale
Downtown pedestrians may see a bright red sign at Third and F streets announcing that historic City Hall is up for sale. The signs don’t lie. The city of Davis is looking for buyers for the renovated former City Hall at 226 F St.— and current home to Bistro 33 and the City Hall Tavern — because a state law no longer permits the city to own it.
Pending Sale Would Bring Mixed-Use Projects Near UC Davis Medical Center
A Los Angeles development company specializing in student housing has a pending deal to acquire land near UC Davis Medical Center for future projects. Tuesday, the Sacramento City Council will vote on approving a $1.49 million sale of 1.55 total acres at 4722 Ninth Ave. and 4601-4025 10th Ave, to College Town International LLC. Turton Commercial Real Estate brokered the properties on behalf of the city.
Potential K Street Building Buyer Would Put Tech Firm on Two Floors
A local real estate investment company has a pending deal to acquire a downtown Sacramento building, and is making early plans for what would fill it. Tuesday, the Sacramento City Council will vote on selling 731 K St. to Cassadyne LLC for $2.1 million. Turton Commercial Real Estate listed 731 K St. on behalf of the city.
TriCap Plans $23 Million Mixed-use Project Near Sacramento State
Though it looks more like something that might pop up in midtown or downtown Sacramento, a new residential and retail project, estimated to cost $23 million, is in the works for 65th Street. Turton Commercial Real Estate handled the sale of the property to TriCap.
Pending Buyer Would Refurbish Clarion, Build Apartments Across Street
Ken Turton of Turton Commercial Real Estate said an unnamed buyer is making plans to refurbish the closed Clarion hotel at 700 16th St. and convert it into studio apartments or re-open it as a hotel.
Buildings on 10th, 15th Streets in Sacramento Hit Market
Two downtown Sacramento buildings on prominent thoroughfares have hit the market. Turton Commercial Real Estate released an offering memorandum this week for 1011 10th St., also known as the Landmark Building. At the northeast corner of 10th St. and Jazz Alley, the 29,500-square-foot office building is being listed for $3.995 million.