Property Near Broadway Sold to Former Partner

Property in a redevelopment area near Broadway in Sacramento has sold, but what happens next is still to be determined. Escrow closed this month for 2400 Fifth St., a 24,000-square-foot parcel occupied by an active body shop. John Mudgett, a senior director at Turton Commercial Real Estate who was listing the property, said a former partner of the previous owner acquired 2400 Fifth St. Property records show Stephen Lok bought the property from Haksing Te for $700,000 earlier this month.

Building at 830 K St. Downtown for Sale

A prominent building on one of downtown Sacramento’s emerging blocks is available for purchase. For about two weeks, the four-story building at 830 K St. has been listed unpriced, representing possibilities for office, retail, creative office or other options, according to the listing broker. “There’s no doubt it will sell,” said Ken Turton of Turton Commercial Real Estate, which is handling the listing. “There are too many things that are great about the building.”

5 Things to Know, and a Local Brewery Gets International Recognition

Midtown project Q19 listed for sale

Months after it began filling with tenants, midtown Sacramento apartment and retail project Q19 is for sale. Project partners SKK Developments and The Grupe Co. felt the combination of better-than-expected leasing, good investor interest in Sacramento and low interest rates made it a good time to list the property, said brokers from Turton Commercial Real Estate listing the property.

Randy Paragary Selects Brand for $29 Million Hotel Project in Midtown

A midtown Sacramento hotel from local restaurateur Randy Paragary will be one of the first Tapestry Collection by Hilton locations in California. That’s the brand for the new hotel planned at 28th Street and Capitol Avenue, according to a news release from Paragary Restaurant Group. The $29 million project will be called Fort Sutter Hotel, according to the release.

Land Near Downtown Davis Sold for Development

Hallmark Properties has bought land near downtown Davis where the city has teed up more commercial development.

Urban Elements Planning October Groundbreaking on Midtown Projects

Construction should start within the next couple weeks on a mixed-use project in one of midtown Sacramento’s busiest corridors.

A Chat with Sacramento’s New Assistant City Manager, Mike Jasso

Michael Jasso, recently hired as the assistant city manager, brings nearly two decades of public sector experience to the post.

How High are Multifamily Residential Rents in Your Area?

How hot is the rental market for multifamily residential units in Sac?

So, You Wanna be a Broker, Hm?

Almost every week, I find myself sitting in a coffee shop with someone asking about becoming a commercial real estate agent.

Zoom

Suddenly appearing overnight, the new JUMP Bikes have immediately established themselves as the quickest – and most fun- way around town.