Sacramento commercial real estate investors who own property near the proposed site of the Downtown Arena are now one step closer to potentially significant increases in value. The Sacramento City Council voted 7-2 in favor of approving the arena financing proposal, which creates the opportunity for investors to form a competing bid to acquire the Sacramento Kings. News 10 caught up with Sacramento commercial real estate broker Brian Jacks to find out what this could mean for commercial properties within the immediate vicinity of the proposed arena. Click here for News 10 story
McClellan Park recognizes Brian Jacks of East West Commercial Real Estate in the December 21, 2012 issue of Sacramento Business Journal for signing a 10 year lease for 72,021 sf with Jackson Sports Academy. Click here for the press release.
The California Legislature recently approved Senate Bill 1186, which is designed to curb the misuse and abuse of California’s ADA (Americans With Disabilities Act) laws and protect business owners. The catalyst driving the Legislature’s action was what the Bill’s authors described as a serious problem in which claimants and attorneys file “shakedown lawsuits against businesses in an effort to gain an easy payday with no intention of improving access for the disabled community.” Landlords and property owners were often faced with exploitive demand letters for money and would choose to pay the claimant simply to avoid the time and expense of dealing with litigation.
East West Commercial Real Estate is pleased to announce its successful relocation of Jackson Sports Academy (JSA) to McClellan Park in Sacramento County. Effective December 1, 2012, JSA is taking over 72,000 square feet of primarily warehouse space, which represents only a small portion of the 8.5 million square feet of commercial real estate that comprises McClellan Park.
The new space will provide sufficient room for 12 volleyball courts, which is currently the predominant sport for JSA. Other sports to be offered will include basketball, soccer and tennis. According to Dwayne Jackson, Executive Director of JSA, “we’re most excited about the massive parking lot, large upstairs offices with training room, hospitality suite and parent’s lounge, 38-foot high ceilings, plus free-span building without interference from structural support poles.”