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Despite declining retail vacancy rates, it’s still a tenant’s market throughout the Sacramento Commercial Real Estate landscape. The overall Sacramento retail vacancy rate dropped slightly to 9.8% during the 2nd Quarter of 2012, according to Voit Real Estate Services, who was recently quoted by the Sacramento Bee. This represents the second quarter in a row that commercial retail vacancy ended below 10%. According to the same source, commercial real estate vacancies within the Sacramento submarket of Carmichael reflect a much higher level of 11.3%. This phenomenon of higher retail vacancy rates often creates dramatic opportunities for businesses to sign commercial real estate lease transactions that are quite favorable to tenants. Click Here to read full article.

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Sacramento Vice President, Brian Jacks, mentioned in the Sacramento Business Journal for recent closing of 13 unit apartment complex in South Sacramento. Click Here to read full article.

4720 Roosevelt Ave

Article contributed by Brian Jacks

Brian Jacks is a Sacramento commercial real estate broker (since 1996) specializing in commercial leasing and investment sale transactions for retail, shopping centers, multifamily, apartments, senior housing, office, industrial, mixed-use, and special purpose properties.  Having spent over 20 years with Wells Fargo, he personally facilitated the underwriting, approval and funding of approximately 250 loans totaling over $1 billion in loan proceeds.

 

Jacks is a Regional Vice President for EAST WEST Commercial Real Estate, a full service commercial real estate brokerage advisor based in Orange County.  In addition to serving the Sacramento marketplace, he is also responsible for the company’s current expansion into the San Francisco Bay Area.  For more information, contact Brian Jacks at (916) 837-3456 or Brian.Jacks@EastWestCommercial.com.

 

About EAST WEST Commercial Real Estate

 

EAST WEST Commercial Real Estate is a full service commercial real estate brokerage advisor specializing in investment sales, commercial leasing and finance for retail, office, industrial multifamily, senior housing, self-storage, mixed-use and special purpose properties throughout California and Arizona.  The firm is headquartered in Orange County, CA.  Brokerage offices include Sacramento, San Francisco, Walnut Creek, San Jose, Oakland, Los Angeles, San Diego, Orange County, Riverside, San Bernardino and Phoenix.  Other services include bank REOs, 1031 exchanges, nationwide commercial Business Opinions of Value (BOV’s) and Broker Price Opinions (BPO’s), mortgage brokerage, lender services, and asset management.

 

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Visit Our Websites

 

http://www.Sacramento-Commercial-RealEstate.com

http://www.EastWestCommercial.com

http://www.EastWestCaptialAdvisors.com

http://www.CommercialBrokerPriceOpinion.com

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Less than two months ago, I received a call from a San Jose based apartment investor who had become disenfranchised with the continued rise in commercial real estate prices throughout the Bay Area.  A simple comparison of apartments for sale in both Sacramento and San Jose (within specific parameters) resulted in an average difference in cap rate (annual yield) of 3%.  The San Jose apartments we considered offered an average cap rate of 5.7%, while the Sacramento apartments offered 8.7%.  It doesn’t take a genius to realize that a higher yield on a commercial real estate investment means more cash in the investor pocket.  Naturally, the investor decided it made more sense to invest in commercial real estate (apartments) here in Sacramento, which is once again becoming quite a predictable phenomenon, as discussed in this 1st Quarter 2012 Multifamily Investor Newsletter.

Click Here to Read More!

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What an honor it was to be invited to participate in a Legislative Summit sponsored by the California Asian Pacific Chamber of Commerce at the California State Capitol in Sacramento.  It’s 3rd annual event, held on June 20, 2012, was effectively a pro-business lobby day where 5 small groups, each with four business leaders, descended upon the offices of more than 50 California State Senators and members of the State Assembly.  The purpose of these meetings was to offer support in terms of pro-business legislation that is are currently circulating in the State Capitol of Sacramento. Click Here to read more.

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Vice President and Regional Director, Brian Jacks, recently acquired a new restaurant listing in Sacramento, California, Costa Azul. This 7,625 SF restaurant’s new listing caught the eye of Sacramento Business Journal writer, Mark Anderson who recently interviewed Brian Jacks about his new listing in Tuesday’s article. Click Here to read the full article.

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Brian Jacks, our Vice President and Regional Director at East West Commercial Real Estate, was recently featured in the Sacramento Business Journal on Friday, June 15th 2012,   where he comments on the multi family real estate industry. Mr. Jacks further explains how apartment complexes are drawing investors from the stock market and other real estate sectors.  Click Here for complete article.

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East West Commercial Real Estate is proud to announce its facilitation of a new 3-year office / special purpose lease for Veritas Church in Roseville, CA, effective July 1, 2012. Veritas has been led by Senior Pastor Erik Meyers for the past four years, since inception in 2008. While Veritas has been blessed with the ability to share space in other non-profit facilities, it has been difficult, but a necessary reality to relocate basically once every year since it all began. Veritas’ most recent facility was subleased from Cornerstone Christian School at 202 Bonita Street in Roseville, CA. At a Veritas Church membership meeting held on the evening of June 3, 2012, a collective sigh of relief was heard as Pastor Erik discussed the new lease opportunity with his congregation… finally, a place of their own.

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East West Commercial Real Estate enters northern California with a Sacramento office. The commercial real estate team in Sacramento will be managed by Brian Jacks, a veteran commercial real estate professional with with over 15 years experience. He has been a licensed real estate broker since 1996. Michael Duhs, Managing Director of East West Commercial, recently stated, “As part of our strategic expansion we are thrilled with the addition of our newest office and Brian Jack’s brings a level of expertise and professionalism that is part and parcel to East West Commercial Real Estate.” Brian Jacks, Vice President and Regional Director, will give leadership to our northern California team and expansion. His specialization in apartments for sale, shopping centers for sale, apartment loans and capital will serve the Sacramento commercial real estate marketplace well.

 

Brian Jacks

 Vice President & Regional Director

Contact Information:

Direct (916) 837-3456 | Fax (916) 313-3778

Broker Lic. #01217349

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For professional expertise with offices in Los Angeles, San Diego, Orange County, Riverside, and San Bernardino, Sacramento, San Francisco, Oakland, San Jose — commercial real estate, investment property, apartments for sale, office for sale, industrial for sale, retail shopping center for sale, 1031 exchange, commercial real estate REO’s, nationwide commercial BOV’s, nationwide commercial broker price opinion BPO’s,  lender services, nationwide commercial BPO’s or asset management, please contact Michael Duhs, Managing Director of East West Commercial, at Michael.Duhs@EastWestCommercial.com or (949) 939-8352. Visit us at http://www.EastWestCommercial.com.

http://www.commercialbrokerpriceopinion.com/

http://www.commercial-bov.com/

http://www.commercial-bpo.com/

http://www.eastwestcommercial.com/

 

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