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Author Gene Trowbridge shares the latest strategies and regulations for private placement offerings for group real estate investments, partnership agreements…
It’s still a tenant’s market out there… and its been that way for quite some time here in the Sacramento area. Commercial property owners know all to well that savvy tenant’s have the upper hand when it comes to negotiating new or renewal leases. However, not being armed with the right information (and trying to go it alone) can lead to less than stellar results.
Photo by the Sacramento Business Journal
The Sacramento Business Journal discussed in a recent article how Rob Fauble, owner of The Beat (a record store in Midtown Sacramento), lost his commercial property lease after 19 years in business at 1700 J Street. Although Rob make the right decision to hire a local Sacramento commercial real estate broker, he was still unsuccessful in cutting a deal with the landlord to let him stay. Occasionally, a commercial property owner has the opportunity to upgrade a tenant with a national company, who can pay more rent and create value for the property… such as the case with The Beat’s former location.
More often that not, however, in this current market, tenant’s hold the necessary leverage to negotiate highly favorable lease terms for commercial property throughout the greater Sacramento area. Click Here to continue reading for a list of do’s and dont’s to learn how tenants can best prepare for this important task.
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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.
During the highly profitable years, many Curves owners were attracted to the franchise for seemingly quick and easy profits. It became challenging for the franchisor to maintain a high level of discretion in approving applications for re-sales. One of the reasons for an elevated level of club failures was due to the fact many investors who acquired existing operations were not hands-on and lacked the desire or discipline to effectively manage an intense service oriented business. It takes passion, knowledge and diligence to properly serve discerning women who often require encouragement and guidance to maintain healthy regiments and achieve their weight loss goals. Click Here to Continue Reading!
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, office, industrial, multifamily, senior housing, mixed-use, and special purpose properties. Having spent over 20 years with Wells Fargo, he personally facilitated the underwriting, approval and funding of more than 225 commercial real estate loans totaling over $1 billion in 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@EastWestCommercial.com
Cell (916) 837-3456 | eFax (916) 313-3778
915 L Street, Suite C440, Sacramento, CA 95814
BRE Broker Lic. #01217349
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, Nevada, Arizona, Texas and Florida. The firm is headquartered in Orange County, CA.
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