Almost twenty years ago, Dr. Anthony Wallace founded New Direction Christian Center, which grew into a large church with Christian school and many programs. For a period of time, the church occupied a 22,000 square foot building at 6524 44th Street in South Sacramento, which is now occupied by Bayside of South Sacramento.
Dr. Anthony Wallace
Unfortunately, due to financial hardships, New Direction couldn’t hang on to the building it once owned due to the crushing recession. In the years since, New Direction has rented different facilities for church services, including a long-term shared arrangement with a Seventh-Day Adventist church and for the past two years through Sunday-only rentals of the historic Guild Theater in the Oak Park neighborhood of Sacramento. New Direction has always been blessed with a place to meet, but its members have longed for the day when they can once again utilize their own building throughout the entire week.
Save Point Tavern – Sacramento’s first tabletop and gaming tavern to open in East Sac
For years, self-proclaimed gamers, geeks and nerds have been gathering at watering holes in some of Midtown Sacramento’s most popular establishments to play tabletop games and drink beer. Two regulars with an entrepreneurial spirit, Dariush Gheyssarieh and Anthony Barajas, decided to take their quest to the next level by raising funds to launch their own fantasy medieval style tavern.
Click here for related stories by the Sacramento Business Journal (3/4/15 & 3/13/15) and NOW 100.5 FM.
Bilingual Christian Center sells to Sacramento True Buddha Temple
The former Canterbury Inn, a once thriving 152 room hotel and conference center off Highway 160 (just north of Downtown Sacramento), divested its 7,000 square foot meeting room and banquet facility over 10 years ago. To facilitate the transaction, a lot line adjustment was first required to split the parcel, thereby creating 450 Media Place. Legal access to the resulting back lot (0.8 acres) was only by easement through the hotel parking lot with no access along the private frontage road. The buyer for this new parcel (in 2003) was Bilingual Christian Center, a Spanish speaking church, who had applied for and was granted a Conditional Use Permit (CUP) by the City of Sacramento to accomplish the new use. Approximately 18 months ago, the church decided to sell and relocate elsewhere with a desire for more street visibility.
Gallery 2110 (Sacramento Art Complex) @ 2110 K Street converting to Outlet Coworking
Gallery 2110 and the Sacramento Art Complex, located at 2110 K Street in Midtown Sacramento, has become well known as a gallery for diverse types of artists to both craft and display their wide-ranging works over the past seven years. Not only does the building offer up to twenty-six individual art studios, each with glass display windows, but it also facilitates four fully operational art gallery spaces. The primary gallery is located off the main entrance facing K Street. A smaller Gallery also exists in a second floor loft. Additionally, both the side yard and back patio facilitate the display of outdoor art and sculptures.
Click here for for related stories by the Sacramento Business Journal, Comstock’s Magazine, Sacramento Bee and KFBK.
6420 46th Street Apartments (South Sacramento) – 14 units sold in 3 weeks
Almost three years ago an Australian investor acquired 6420 46th Street (14 unit apartments) in South Sacramento “site unseen” for $875,000 ($62,500 per unit / $70 per square foot). The property, built in 1990, was in good condition at the time of sale, but had been managed by a local owner for the previous nine years. Due to the hands on approach, average length of tenant occupancy was around four years at the time of sale (Nov 2011) and the landlord had been able to collect rents fairly well. The new, absentee owner, tried to manage the property from afar with local family assistance and quickly ran into trouble during the first six months. It was readily apparent that a professional management company needed to be called in to right the ship.
Click here for related article by the Sacramento Business Journal.
Brazilian Jiu-Jitsu (BJJ) has a certain following in Sacramento with approximately ten separate facilities spread throughout the area; yet North Sacramento has been under served… until now. This month, another BJJ operator will open its doors in North Natomas, but with one significant distinction. It will sport the Gracie family name.
Those familiar with BJJ will immediately recognize the value of this franchise, which started in 1914 when “a Japanese Jiu-Jitsu champion Esai Maeda migrated to Brazil, where he was instrumental in establishing a Japanese immigrant community. His efforts were aided by Gastão Gracie, a Brazilian scholar and politician of Scottish descent. As an expression of his gratitude for Gracie’s assistance, Maeda taught the Brazilian’s oldest son Carlos the essential secrets of the ancient martial arts technique. Carlos taught Maeda’s techniques to his four brothers, and in 1925 they opened the first Gracie Jiu-Jitsu academy in Brazil.”
Click here for related story by the Sacramento Business Journal.
Jackson Sports Academy expands to 200,000 sq.ft. facility @ McClellan Park
Over the past seven years, Dwayne Jackson (Jackson Sports Academy) has leased multiple Sacramento area warehouse facilities in pursuit of growing his girls club volleyball franchise. Just over a year ago, this pursuit lead Jackson to McClellan Park, where Brian Jacks (East West Commercial Real Estate Broker) represented him for the 10-year lease of almost 75,000 square feet, which primarily houses 12 volleyball courts plus doubles for other sports and entertainment venues as well. It was always Jackson’s goal to one day expand to offer basketball and indoor soccer too. McClellan Park’s free-span hangars were the perfect solution with a sea of parking right out front. Now, with the opportunity to host basketball tournaments in connection with Matt William’s Jam On It Basketball Academy, Jackson Sports Academy and East West Commercial have secured an expansion that totals almost 200,000 square feet, making it the largest basketball facility in Northern California.
Click here for a press release by the Sacramento Sports Commission and related articles by the Sacramento Business Journal and News Radio KFBK. Click here for a news story by KCRA Channel 3 and video of Nike’s Elite Youth Basketball League Tournament held April 2014 at Jackson Sports Academy.
Chuck Kim, owner of Ramen Hook @ University Mall (Davis)
Korean style ramen dishes have gained significant popularity in recent years. According to articles by food critics in both the Sacramento Bee and Sacramento News & Review, Chuck Kim has created quite the stir. Restaurant critic, Blair Anthony Robertson, writes “this isn’t their first attempt at nailing the vital elements of blue-collar, elbows-on-the-table Korean cuisine. Nor is Korean-born chef and owner Chuck Kim a rookie with the Japanese side of his menu. He owned ramen and sushi restaurants in Berkeley for several years and, now that he’s in Sacramento, he has already carved out a mini-empire in a Howe Avenue strip mall (Sushi Hook in the same center is also his).”
Click here to read story about Ramen Hook expansion to University Mall in Davis by the Sacramento Business Journal.
The global leader in women’s fitness
Curves was launched in 1992 and quickly grew to become the largest fitness franchise in the world, with over 10,000 locations in 90 countries. In recent years, the great recession took hold and weeded out many under-performing clubs, resulting in a reduction of more than 30% (now 6,800 locations worldwide). For many reasons, it became necessary for the original Curves founders to identify a suitable equity partner to acquire the majority stake in the business and take Curves to its next level. One year ago, Curves was sold to North Castle Partners, a hands-on, value-added investor of high-growth, middle market companies in the beauty & personal care, consumer health, fitness, recreation & sports, home & leisure and nutrition sectors, among others. It is anticipated that North Castle Partners will capitalize on this investment by infusing Curves with well funded resources and pertinent expertise to regain and increase market share once more.
Click here for related story in the Sacramento Business Journal.