Tom Bacon @BaconCRESac
Commercial real estate expert since 1984. Specializing in office leasing and sales, primarily assisting users in their quest for the optimal occupancy solution. sacramentobacon.com Sacramento, California Joined November 2012-
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I smell Positive Net Absorption! x.com/sacbiz/status/…
I smell Positive Net Absorption! x.com/sacbiz/status/…
Qualcomm opened an office in Folsom to house the about two dozen employees who already live here, with plans to double that soon. bizjournals.com/sacramento/inn…
A friend wants to buy a 105-year-old rental property with nob and tube. The house is only worth $300,000, and the insurance estimate is over $4000. ow.ly/53BW50RpWr2
If you are a tenant in South Natomas and you can find a space that doesn't need a lot of modifications, you can probably "name your price." If you are an investor, note: In 2023 three office buildings sold for $54 PSF - $85 PSF.
3 Bay Area Streets Have The Most Expensive Office Rents In The U.S. trib.al/cbArBrz
ow.ly/uKNb50Rm3kC “Depending on the size of the tenant, landlords should embrace this opportunity to restructure leases two to four years before expiration..." Be careful not to throw out the "Baby with the Bathwater!" Some Sacramento Submarkets are ok.
This makes sense! I look forward to taking Highspeed rail from Fresno to Bakersfield, then hop on Greyhound to then connect with the rail to Vegas! x.com/michaellagazo/…
This makes sense! I look forward to taking Highspeed rail from Fresno to Bakersfield, then hop on Greyhound to then connect with the rail to Vegas! x.com/michaellagazo/…
Construction starting on high-speed rail between Las Vegas and Southern California - ABC7 San Francisco abc7.com/construction-s…
This is something I never expected. I am overwhelmed that I will be inducted into the @rockhall, especially alongside so many incredible artists who have gone before me. I can’t thank everyone enough for voting for me. You are the best. Somebody pinch me please!!
The Kind is a 72 Unit apartment development by Fulcrum Properties. Tupi, a Brazilian Coffee house has replaced Insight Coffee. I originally leased that location to Insight Coffee. 1901 8th Street.
It's just a matter of time!
The Bernice - 185 Units. 1bdr $2600 ($4.00/SF) 2bdr - $3500 ($3.88/SF) Website offering two months free. Leonard Zipperian owned this Site, previously a Garden-style office building. The Downtown vacancy rate for Class A Apartments sits at about 11%.
Office owners are adding features to lure more people. One 17-story building in Chicago's former meatpacking district is attracting some of the world's best professional athletes & A-list entertainers with a unique perk: a rooftop enclosed basketball court product.costar.com/home/news/shar…
What does a tenant rep broker do? Many compare my profession to residential brokers. They are talented to be sure, but this is an imperfect comparison. Fundamentally, a tenant rep broker is an expert who helps business executives solve problems with real estate solutions.…
Hanging out at 2609 Capitol Avenue till 12:00 today. Come by and if you do, you will receive total consciousness. “So you have that going for you which is nice.” linkedin.com/feed/update/ur…
This is a quick read that will make you smarter or introspective. I promise. - eepurl.com/ir9rM2
This is a quick read that will make you smarter or introspective. I promise. - eepurl.com/irFPFk
Mary @maryneeley96
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3K Followers 3K Following You have a mission. We give you the tools and knowledge to help you succeed. NorCal’s nonprofit resource center. Check out our Cultural Intelligence Series!Had a great week attending Sac Metro Chamber's Cap to Cap trip with my colleague @JuliePhillips_0, visiting my daughter Jillie and spending time with Speaker McCarthy. The weather was great and I got to do my favorite walk from the Capitol to the Washington Monument.
If Trump called McCarthy “My Kevin” does he call this Speaker “My Johnson”?
The inability to secure insurance for fire stations manned by firefighters is a ludicrous reality in California. washingtonexaminer.com/policy/energy-…
@BaconCRESac And 27 years old. Simply amazing and so fun to watch. We need a good story like this in this crazy world we live in.
You cannot scale your business if you live on the transaction treadmill. Living deal to deal is not a career, it's a job and no one becomes a commercial real estate broker to have a job.
All this pessimism on #Retwit. My biz has not slowed down at all, in fact, it has picked up, but I am almost 100% user-focused. Not gloating. I'm not naive enough not to know it can come to a halt tomorrow. I have been there. Just keep grinding, it will pass
On vacation & met a Corp Services RE director for large company. Friendly gal who managed 10MSF of office leases Their #officespace footprint has shrunk to 6MSF AND they are still evaluating another 30-40% reduction. A lot of their CRE is excess AND/OR outdated. More to come.
Those moving from the #BayArea to elsewhere in CA increased by 21% since 2019. Top destinations are still largely in NorCal or CA more broadly: 25% alone moved to LA, Sacramento or Santa Cruz. bayareaeconomy.org/econ-recovery-…
There is legit argument the office RE loan portfolios of all banks, big 4 also, marked to market, would force a write down by at least 40%, lot of cases the hit more than 50%. Think about what that does to a bank balance sheets and solvency #retwit @BillAckman @DavidSacks
Such a great man
A timely reminder that after turning 95 years old, President Jimmy Carter suffered a fall that left him with a black eye, bruises, and 14 stitches — and still went out the next day to build homes for Habitat for Humanity.
@ PTB. 3 rounds rope, 3 rds shadow box, 6 rounds heavy bag, 3 rounds of mitts, 3 rounds of circuit (burpees, squats, push-ups, curls, shoulder press). Wrap with 100 crunches + 20 pull-ups. 13.1 Whoop strain, 512 calories, 133 avg HR, 181 max, 51 min.
Vice President and Managing Director @JuliePhillips_0 and Strategic Communications Manager @rachaeldicicco hosted an education session at @CalSAE Seasonal Spectacular to share advice for building a strategic marketing plan and developing content that will resonate with audiences.
My kid’s first homer…
First homer in the books!! Many more to come! @MikeVelotta5 @chrome09velotta @UKsoftball @AlabamaSB @GatorsSB
More exciting news here at Randle – Nikki Ball joined our team as an Account Coordinator! We are grateful to have her creative mind, strategic instincts and ambitious spirit. Join us in welcoming Nikki!
Pinehurst courses #2, #4 and #5(and Cradle 9-hole) were deeply special for this year’s King’s Cup. Blessed for trips like these. As our poet laureate Jesse Garcia said: “And numbers on paper are fleeting, But a shared path and memories of fellowship endure.”
After about 20 mezcal and soda waters over the last week on vacation, I’ve learned two things about mezcal drinking: it’s impossible for me to get drunk drinking mezcal and I get no hangover from this wonderful beverage.
Big guy took the lead (9-8-1) with a 4-and-3 whitewashing at Northwood Golf Club on the Russian River. Amazing 9-hole track. The crew joined us for far too many pops and infinite laughs. #playbetter #coolshithappens
Until recently, the site was a Honda service center. bizjournals.com/sacramento/new…
What the first new housing on Capitol Mall in decades (if ever?) looks like, inside and out: bizj.us/1qeit8