Published at Forbes
Immediately following the Covid-19 lockdown were mass layoffs and furloughs that impacted millions of Americans. People fortunate enough to keep their jobs and work from home had a different experience. Many have embraced a kind of new normal, working from home for months. For some, remote work provided an opportunity to move away from the congested city and the prices that follow.
Read MorePublished at Multi-Housing News
Graceada Partners’ Joe Muratore unveils what makes Sacramento an appealing market to invest in during an economic downturn.
Read MorePublished at Real Estate News TV
Graceada Partners, through its Graceada Partners Fund II, acquired Westlake Apartments, a 148-unit residential community in Sacramento. From what we hear, the deal came in around $23.5 mil ($159k/unit). The property boasts a lakeside location at 1 Shoal Court, near downtown Sacramento in the highly desirable Pocket neighborhood.
Read MorePublished at IREI
One of the biggest open questions during the coronavirus pandemic is what impact it will have on the office industry.
Read MorePublished at IREI
It’s December 2021. We (hopefully) have a vaccine for coronavirus. But we’ve been through waves of sickness, months of shutdowns and slowdowns, and hundreds of thousands of deaths. People have grown accustomed to working from home and having flexibility.
Read MorePublished at The Registry Bay Area Real Estate
Graceada Partners is pleased to announce the acquisition of 2101 Arena Boulevard in Sacramento. This two-story office building is 100 percent occupied by the State of California Department of Business Oversight as their 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 Commercial Property Executive
The 78,400-square-foot property is the new headquarters of the California Department of Business Oversight.
Published at Multi-Housing News
Graceada Partners has purchased Westlake Apartments, a 148-unit apartment community in the Pocket neighborhood of Sacramento, Calif. According to Yardi Matrix, The Lily Co. sold the property for $23.5 million. The acquisition was financed with a $17.5 million loan from California Bank of Commerce.
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