According to industry sources, a 12-story, Class A, Gold LEED certified commercial real estate office building known as 2020 Gateway Tower (north of Downtown Sacramento) may soon receive its first tenant. 

2020 Gateway Tower - Sacramento

News 10 anchor Cornell Barnard reported the California State Department of Housing and Community Development is considering the possibility of relocating its 100,000 square feet of office space (currently located at 1800 3rd Street) into the never-been-leased 325,000 square foot, green energy-efficient building in Natomas.  News 10 caught up with Sacramento Commercial Real Estate Broker, Brian Jacks, who said “many State office buildings are in nice locations, but this could be a great lease deal for taxpayers, as the owners [of 2020 Gateway Tower] are likely eager to lease space here for the first time after building completion three years ago.”  Click here to watch

Continue Reading…

People who live and work in California’s State Capitol of Sacramento are still reeling from the de-leveraging effects of the housing collapse.  Many workers lost good paying jobs and could no longer maintain their mortgage payments, ultimately losing homes to foreclosure.  Others, who were able to keep their jobs, experienced such a dramatic reduction in home values that equity lines of credit were cut off and refinancing to take advantage of historic low rates became impossible.

Continue Reading…