Development Firm Buys Property Near 65th/Folsom Area

A half-acre property near a hot Sacramento redevelopment site has sold. The new owner is a firm that brings new uses to existing buildings. Harris Bay, which has offices in Roseville and San Antonio, bought the single-story office building at 6409 Folsom Blvd. for $1.6 million, according to property records. Turton Commercial Real Estate handled the transaction. Zoning for the property allows a mix of uses, including residential.

Fast-growing Fitness Chain Says It’s Coming to Midtown’s Press Building

A fast-growing fitness chain with a connection to actor Mark Wahlberg is planning a location in Midtown Sacramento. The website for F45 Training lists an upcoming location at 1714 21st St. in Sacramento. That’s the address of the Press Building, an apartment and retail project from SKK Developments, The Grupe Co. and DeBartolo Development. Leasing plans from Turton Commercial Real Estate show about 9,000 square feet of retail space at the Press Building.

Trondheim Considers Scaling Back on Broadway Project

Revisions could be in the works for 1827 Broadway in Sacramento. When developer Trondheim Properties submitted plans for the project last summer, they detailed a five-story residential/retail project called the Fitzgerald.

Rising construction costs are a big reason for Trondheim’s uncertainty, said Scott Kingston, a vice president at Turton Commercial Real Estate. Kingston, who is handling retail leasing for the Fitzgerald with Aaron Marchand of Turton, said such costs are making complex urban residential projects nearly infeasible.

Atypical Bakery Filling Former Bar Rouse Spot Downtown

Cupcakes topped with fried chicken and waffles will be among the items served at a new eatery planned downtown.

The locally owned Odd Cookie Bakery Cafe & Bar could debut in mid-to-late December, according to co-owner Frankie Fusco. It will fill a space at 1015 Ninth St. in downtown Sacramento, which was most recently occupied by Bar Rouse. The business will be about 4,100 square feet, Fusco said. He plans to use both a main level and an upstairs loft area. The owners hope to host events such as art shows.

Larger Former Data Center, Manufacturing Space Available in Roseville

In a rare availability of a large-format building, up to 140,000 square feet is available for lease in Roseville, just a few blocks from Interstate 80.

The space is in two connected buildings at 199 and 201 N. Sunrise Ave., which were built in 1980. The location was originally used for manufacturing and later as a data center, said Scott Kingston, a vice president with brokerage Turton Commercial Real Estate in Sacramento, who is representing the building’s owner.

After $5.5 Million Sale, 223 Apartments Coming Near Sac State

A joint venture between The Martin Group, Symphony Development and AECOM Canyon Partners has closed escrow on property at 6620 Folsom Blvd. for an entitled project called 65 East. Construction on 223 housing units with retail should start by year’s end or early in 2020, a development director with The Martin Group said.

The project, which will have four buildings on a 1.57-acre parcel, consists of two residential buildings, a six-story building of apartments and retail, and a multi-story parking garage.

Ken Turton, John Mudgett and Patrick Stelmach of Turton Commercial Real Estate brokered the sale.

Bay Area Group Buys Second Building on K Street in Downtown Sacramento

K Street’s reinvestment and revitalization in downtown Sacramento is continuing, with a Bay Area firm closing escrow this week on a second building there. Property records show Bauen Fund 2018-1130 LLC bought 1130 K St., a four-story office building, for $19.5 million. The address for the buyer in Los Gatos corresponds to Fox Creek Fund LLC, whose website describes the company as a diversified investment fund with an interest in real estate acquisition and management.

Broadway Redevelopment Site Hits Market Again

Less than a year after it last sold, a potential redevelopment site on Broadway in Sacramento is for sale again. The property at 2400 Fifth St., about half an acre at Fifth and Broadway, is being listed for $4.1 million by Lincoln-based Banyan Commercial Real Estate. Tai Le, the founder and broker at Banyan, said the zoning for the property allows anything from office to high-density apartments to other possibilities.

Beach Hut Deli Plans Taproom at New Downtown Sacramento Location

The franchise owner of a planned Beach Hut Deli in downtown Sacramento said what’s offered will be slightly different than other locations of the popular fast-casual sandwich shop. At 711 K St., franchise owner Sean Hook wants to establish both a sandwich shop and a 1,000-square-foot taphouse in the space, which should open in early 202o.

Speakers at Bel-Vue Dedication Remember Ali Youssefi

Sacramento officials and business leaders marked another step in revitalizing downtown on Wednesday, completing the restoration of the historic Bel-Vue Apartments. Speaker after speaker in a new lobby/library created at the three-story building at 1123 Eighth St. described the difficulties involved in making the building from 1909 fully functional again. And in doing so, they repeatedly invoked the name of developer Ali Youssefi, who died last year of cancer at 35.