Turton in the news
Recent mentions
Sacramento Commercial Lending Forecast
So how competitive will the market be for commercial real estate this year? Comstock’s sat down with Five Star Bank President James Beckwith, commercial real estate broker Ken Turton and John Weubbe, executive vice president and commercial banking director of River City Bank, to get the answers and assess the financial health of the Capital Region.
Sharif Plaza Sees New Lease After Revamp
After deciding to revamp an aging shopping center with visibility on Howe Avenue, the investment is starting to pay off for the owners of Sharif Plaza. Within the last week, Happy Day Spa opened in 6,000 square feet on the center on 1338 Howe Ave., proving a complement to the Sharif Jewelers store already occupying about 4,100 square feet in the plaza’s other building. Turton Commercial Real Estate who worked on the lease, said the plaza’s owners saw new commercial activity elsewhere in their neighborhood and wanted to tap into it.
CrossFit Analog Coming to R Street
When CrossFit Analog opens early next year on R Street in Sacramento, those coming for a workout can trust in the trainers, said the leasing agent for the gym. After all, said Jon Lang of Turton Commercial Real Estate in Sacramento, business partners Jesse Gray and Steve Gray are not only trainers, they’re past participants in the affiliated CrossFit Games.
Despite Recent Deals, National Chains Shy Away From Midtown, Experts Say
Habit Burger and BevMo may be moving into midtown Sacramento, but purists need have no fear that national chains are taking over the region’s hippest shopping and dining district — at least not yet…Restaurant chains have stringent checklists they go through before choosing a site, including minimum numbers for nearby jobs and residents. Midtown tends to have the jobs, which means lunch customers, but its residential numbers are low, which chains equate with low dinner-time numbers, said Daniel Mueller, retail specialist with Turton Commercial Real Estate.
New Car Dealers Association Buys Downtown Building
The California New Car Dealers Association has purchased a downtown office building that will serve as the organization’s new space in a year. On Friday, the trade group purchased a nearly 13,000-square-foot building at 1517 L St., said Brian Maas, president. Ken Turton of Turton Commercial represented the sellers.
Future Arena Creates Holding Pattern
This phase is what broker Aaron Marchand of Turton Commercial Real Estate calls “tweener time.” It’s the awkward period of time between the Sacramento Kings gaining new owners who plan to build a downtown arena and that venue actually opening.
Rocklin Office Building Housing Stantec Changes Hands
A flex office building in Rocklin is under new ownership, but the brokerage firm who helped get the deal done on the seller’s side said it was just a transaction that made sense. “This asset fell into their buying criteria, and they bought it,” said Ken Turton of Turton Commercial Real Estate, which handled the $3.5 million deal on behalf of seller Logical Investments LLC.
3875 Atherton Trades for $3.5 Mil.
Cole Real Estate Investments purchased 3875 Atherton Road in Rocklin for $3.5 million, or $176 per square foot, with an 8.7% cap rate…Ken Turton of Turton Commercial Real Estate represented the seller, ECO:Logic Engineering.
Aaron Marchand, Urban Properties, Turton Commercial Real Estate
When Aaron Marchand began his commercial real estate career in late 2010, both the region’s economy and his line of work were in a bleak set of circumstances. But in a way, he said, that was an advantage, because he didn’t know any different. “I read a lot of how bad it was, but I hadn’t been through the cycle,” he said. “I wasn’t around in the days when they were printing money.” Still, he said, his first few months were interesting after he joined Turton Commercial Real Estate as a broker specializing in leasing and sales for downtown and midtown Sacramento locations.
Rick’s Dessert Diner Has New Location
Rick’s Dessert Diner should open Oct. 1 in its new location at 24th and J streets. The move from the current location at 2322 K St. will allow the 1950s-themed pastry, pie, cookie and cake shop to serve more customers, said Ken Turton, broker with Turton Commercial, who represented the building’s new owner as well as Ahmed Eita, the owner of Rick’s.