Sacramento
CalPERS Upsizes Nuveen Affordable Commitment to $500M
The California Public Employees Retirement System (CalPERS), California’s public sector pension and health benefits agency, is expanding its commitment to Nuveen… Read more
CBRE Closes Sacramento Medical Facility Sale to Hines
CBRE has arranged the sale of Sutter Medical Plaza, a 143,210-square-foot medical outpatient building located at 1625 Stockton Blvd. in Sacramento,… Read more
Newsom Signs NAIOP SoCal-Sponsored Bill to Extend Notice for Zoning Changes
California Gov. Gavin Newsom signed AB 2904 into law, the first-ever bill sponsored by NAIOP SoCal. AB 2904 boosts transparency by doubling the… Read more
Manulife US REIT Trades Sacramento Office Tower for $117M
Manulife US Real Estate Investment Trust (MUST) is selling 400 Capitol Mall, a 29-story office tower in downtown Sacramento, to… Read more
Newsom Signs Bill Imposing Design and Build Standards on Warehouse Projects
California Gov. Gavin Newsom has signed AB 98, a bill that creates buffer zones and imposes other statewide design and… Read more
Newly Built Starbucks in Sacramento Trades in 1031 Deal
Marcus & Millichap arranged the sale of Starbucks, a 3,500-square-foot net-leased property located at 9660 Kiefer Blvd. in Sacramento. The asset… Read more
California People and Company News, Week of Sept. 6, 2024
We’re adding executive-level openings to our Friday California Weekly People & Company News. Please send entries for consideration to [email protected]. Read more
Newsom Awards Nearly $800M for Affordable Homes, Infrastructure Improvements
California Gov. Gavin Newsom said Friday the state would award nearly $789.8 million in cap-and-trade funds for 24 projects throughout California to… Read more
Olivehurst Seniors Property Sells After Zero Days on Market
Marcus & Millichap finalized the sale of Olivetree Senior Citizen Apartments, a 44-unit seniors housing property located in Olivehurst. The asset… Read more
Chipotle Drive-Thru Trades in Pre-Sale to 1031 Investor
Hanley Investment Group Real Estate Advisors arranged the pre-sale of a new property leased to Chipotle Mexican Grill with a… Read more
Aerospace Manufacturer Divests Cameron Park Headquarters
Marcus & Millichap finalized the sale of Snowline Engineering’s headquarters, a 33,183-square-foot industrial property located at 4261 Business Dr. in… Read more
Residential Rents Post 11th Consecutive Monthly Decline
Rents for residential units fell again in June, with especially large declines in the South, where there’s been an influx… Read more
183-Acre Innovation Park to Rise on Former Sacramento Kings Arena Site
Argent Development has acquired the former Sacramento Kings basketball arena complex in northwest Sacramento with plans to transform the 183-acre… Read more
Capital Rivers Tapped to Lead Retail Side of Sacramento-Area Projects
Land development company Taylor Builders LLC has chosen Sacramento-based Capital Rivers Commercial to lead the retail side of its projects. Capital Rivers Commercial, led… Read more
Apartment Rents Drop in Seven of 11 Major California Cities
Even as apartments nationally continue to rise, with the national rent index for one and two-bedroom units increasing by 1.2%… Read more
Weidner Acquires Elk Grove Apartments for $77M
CBRE arranged the sale of The Artisan, a 264-unit Class A apartment community in Elk Grove, a suburb of Sacramento. Weidner… Read more
California Has 14K Apartment Conversions in the Pipeline
California’s commercial-to-apartment conversions have a promising future despite a slowdown in completed projects over the past year, according to a… Read more