Turton in the news
Recent mentions
Creative Ways to Sidestep High T.I. Costs
The cost of tenant improvements has increased by at least 50% over the last year.
Sale Marks More Progress at ‘Stonehenge’ in North Natomas
North Natomas’ infamous unfinished office park won’t remain that way much longer.
Best Real Estate Projects: Ice Blocks
Ice Blocks is the winner in the mixed-use category and developed by Heller Pacific.
Best Real Estate Projects: Urban Hive at the Cannery
Urban Hive at Fulcrum’s Cannery is the winner in the tenant improvement category.
The Unethical Fight Against Tenants’ Rights
Sacramento realtor and board member of the Sacramento Association of Realtors (which has given $100,000 to the fight against Sacramento tenants’ rights) Patrick Stelmach presents himself to FOX40 News as a “renter” while arguing against renters’ protections at Sacramento City Hall on Tuesday, September 4.
Midtown Mixed-Use Project Sells for $540,000 Per Unit
A seven-unit, mixed-use project in midtown Sacramento has sold, at a per-unit price believed to be the second-highest seen in the region.
Bay Area Firm Buys Old Sacramento Building Plans Investment
A Bay Area firm with a track record of putting new life into old buildings has purchased an Old Sacramento structure to renovate it. Cypress Properties Group LLC, based in Lafayette, closed escrow last month on 914 Second St. for $1.325 million. The three-story, 27,900-square-foot building dates to 1856. Jon Lang, a vice president at Turton Commercial Real Estate who worked on the sale, said Cypress plans to make a significant investment in the building, which is mostly vacant.
Developers targeting rapid transit properties
Student housing and retail is being planned for one of Sacramento Regional Transit District’s light-rail parking lots. The 65 East project at 65th Street and Folsom Boulevard in Sacramento, with 142 apartments and 8,000 square feet of retail, is one of several redevelopment proposals on RT-owned properties.
Engstrom Properties buys former Davis City Hall for $3.5 million
West Sacramento’s Engstrom Properties has acquired the former Davis City Hall, now occupied by a Bistro 33 restaurant. Engstrom, which already owns two shopping centers in Davis, closed escrow in late May on the property at 226 F St. for $3.5 million, according to property records. Ken Turton of Turton Commercial Real Estate, who listed the property with Scott Kingston of Turton Commercial, said the property received multiple offers above the listed price.
ConSol Moves to Sacramento, Joins Office Tenants at Ice Blocks
Two firms involved in construction are the first announced office tenants for the Ice Blocks project in midtown Sacramento. ConSol, which provides research and consulting on residential and commercial building energy efficiency, will move into the project at 16th and R streets along with sister organization CHEERS.