Published at IREI
Modesto, Calif.-based Graceada Partners has acquired two assets in Sacramento in separate deals. The firm acquired a two-story office building, located at 2101 Arena Blvd. It is 100 percent occupied by the State of California Department of Business Oversight as its headquarters. The property was purchased for $155 per square foot, while comparable fully leased properties are selling in excess of $180 per square foot and replacement cost is over $300 per square foot.
Read MorePublished at Connect Media
Amid the ongoing pandemic, work is different during the pandemic for millions of people — and it may very well stay that way for months to come, says Graceada Partners. The Modesto, CA-based investment firm recently issued a report on the future of office space—and office markets—for the coming years.
Read MorePublished at The Epoch Times
Companies will embrace a hybrid model, where at least some employees work remotely, predicted California-based Graceada Partners commercial real estate firm in a recent report.
Ryan Swehla, founding partner at Graceada, expects it’ll take one to three years for companies to figure out the right mix.
“The days of everyone coming in five days a week to the office are over,” he told The Epoch Times.
Read MorePublished at IREI
With the forced virtualization of much of the U.S. workforce in reaction to the coronavirus pandemic, speculation about the future of the office has been rampant among commercial real estate operators and investors.
Read MorePublished at Sacramento Business Journal
Escrow closed this week for Modesto-based Graceada on 2101 Arena Blvd., a two-story, 79,920-square-foot office building in Sacramento's North Natomas area. Based on a $155-per-square-foot purchase price, the sale price was about $12.4 million.
Read MorePublished at Sacramento Business Journal
Investment fund Graceada Partners' vow to commit to Central Valley property has translated into the firm's second Sacramento buy in the last six months.
Read MorePublished at IREI
San Francisco, Chicago and New York City are all experiencing drastic changes to their economies due to various repercussions of the pandemic, according to Graceada Partners in its comprehensive report on the future of office space.
Read MoreWork is different during the pandemic for millions of people — and it may very well stay that way for months to come. Commercial real estate firm Graceada Partners just released a comprehensive report on the future of office space for the coming years. The report indicates there is a steady exodus from large cities to less populated ones, particularly noting Chicago, New York City, and San Francisco. Ultimately, Graceada Partners unveils five predictions for the future of office work:
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