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Rob McQuade & the Central City Team
McMartin Realty
2031 K Street, Suite 100
Sacramento, California 95811-4253

(916) 444-7577 office
(866) 720-CITY (2489) toll free
(916) 444-7977 fax


Featured Only one live/work loft is left at the 4th Avenue Lofts | Enjoy this clean and contemporary North Natomas condo at the Westlake Villas | Smart buy: an affordable classic and great starter or investment in Oak Park

Your Central City Home Search Starts Here!

Developments 1600 H Lofts | 1801L | 2020 Lofts | 500 N | 800 J | 9 on F | Alchemy @ R Street | The Arlington | Capitol Park Homes | Fremont Mews | L Street Lofts | North End Lofts | Old Sac I Lofts | Penthouses at Capitol Park | P Street Condos | Riverfront Plaza Condos | S21 | Saratoga Townhomes | SoCap Lofts | Somerset Parkside | Stanford Court | Sutter Place | Sutter Brownstones | Tapestri Square | Washington Park Village | Whiskey Hill Lofts |


FAQs: What is the California foreclosure timeline or process?

Q: What is the timeline for the foreclosure process in California? When does the process start and end?

Asked by an anonymous web visitor in East Sacramento

A: This is a question I get asked a lot by both people who are experiencing a financial hardship as well as those interested in investing in preforeclosures and who want to know what the foreclosure process looks like.

Rather than a lengthy written answer, I wanted to share a video I found online from a company that assists home owners and REALTORS® with the short sale process. Take a look:

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posted by Rob McQuade @ 2:53 PM, , links to this post



FAQs: What is Median Sales Price?

Q: What is "median sales price"? Why did the median price spike in Sierra Oaks in the middle of 2006?

Asked by Kelsey, a home buyer in the Arden area

A: Your question strikes at the heart of so many people's questions about home values, Kelsey.

The median resale price (sometimes called "median price" or "median home price") refers to the price at which half of all homes (in a given area for a certain time period) sold for more and half sold for less. If the sampling of sales isn't large enough—say for instance it's for a small geographic area or short time period—then that number can be skewed by a couple properties and may vary dramatically from period to period.

In May of 2006, Sierra Oaks (95864) had an unusually high number of homes selling for over $1 Million. While million-dollar homes aren't unusual in the area, there were four homes that sold in that price range in one month compared to the 1-3 that sold other months.

If you look at a larger area or longer period, you'll get a truer picture of things--but median resale price is an imperfect number and is a "snapshot" of what types of homes are selling at any given time, not necessarily of actual home values. This is why Sacramento's median resale price has dropped dramatically in the last several months as real estate investors and first-time homebuyers have flooded the market but the number of move-up buyers has been low (note: foreclosures and short sales don't fuel the move-up market because banks don't buy a property after selling and short-sellers are typically exiting the ownership market).

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posted by Rob McQuade @ 9:50 AM, , links to this post



FAQs: Can I write offers on more than one house at a time?

Q: Can I write offers on multiple houses without losing my deposit if more than one of those offers is accepted?

Asked by Tony, a home buyer in Natomas

A: Great question, Tony--and one I get asked often.

While you can potentially "get away with it" because of the many contingencies you're afforded within the purchase contract, writing offers on multiple properties at the same time would probably be considered acting in bad faith because you don't actually intend to purchase all the properties you're writing offers on. Chances are you're writing multiple offers with the hope that at least one of them will go somewhere--which is definitely a reality in the current market, especially in competitive price ranges.

When my clients ask this question, my response is simple: let's write and submit one offer at a time and, as each offer expires, we can move on to the next offer. If your agent is using a CAR purchase agreement, the default expiration of your offer is probably 5pm on the third day after you submitted your offer. Banks may (and often do) drag their feet and take longer than three days to respond, so technically your offer may expire even while it's being considered by the bank. If you choose to accept a response after your offer is expired, that's great--but nothing precludes you from writing another offer in the meantime if your original offer's expiration date has come and gone. Further, you can adjust the day and time that your offer expires by writing in something else if three days is longer than you want to wait.

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posted by Rob McQuade @ 7:59 PM, , links to this post



Contemporary loft living in Old Sac at the iLofts

Just Listed LOFT! Penthouse iLoft in Old Sacramento

When the owners of one of the top-floor lofts at the iLoft project in Old Sacramento called a few weeks ago, my immediate reaction was one of excitement: the iLofts in Old Sac are a one-of-a-kind loft project from D&S Development, a local developer known for its one-of-a-kind developments.

Old Sacramento loft - The iLofts from D&S DevelopmentThe unit, iLoft Penthouse 302, is a cozy retreat from "ordinary": a mix of old and new, the loft features exposed wood beams and brick and the historic windows that look out at Old Sac contrasted with rare marble flooring, designer lighting, and a modern kitchen with high-end cabinetry and a gourmet Viking range. Views are of the Tower Bridge, the Ziggurat in West Sacramento, the lights at Raley Field, and historic Old Sacramento's vibrant entertainment district. And you'll have the best seat in the house for fireworks.

Whether you're looking for everyday living or a home away from home, this penthouse loft is a chance to own a truly one-of-a-kind space in Old Sacramento convenient to Downtown, the State Capitol, dining, entertainment, and nightlife.

For more information about this loft, click here. Thinking about buying this or another loft in Sacramento? Give the loft expert a call... Rob McQuade with McMartin Realty at (916) 444-7577 or (866) 720-CITY (2489).

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posted by Rob McQuade @ 5:29 PM, , links to this post



Yes.

If you've picked up the latest issue of Sacramento Magazine you may have noticed the question asked on the cover:

LOFT LIVING, CONDO CULTURE: Can it thrive here?

Yes. In fact, in order for Sacramento to continue to grow in a healthy way, lofts and condos need to be a part of that mix of well-executed housing options. Large single-family homes on quarter-acre lots aren't a practical option in a dense urban core and smarter use of space means sharing: walls, walkways, common amenities, and a belief in a sense of place.

And the "well-executed" part is the key, as some Downtown and Midtown projects have demonstrated.

Among the more successful projects: the Sutter Brownstones have done well in this market because they have the hip, thoughtfully designed styling people want while giving owners a sense of community; the L Street Lofts may not be selling as quickly as investor Resmark Equity Partners may want, but the top-notch location and solid design mean they're selling—unlike recent projects like the Whiskey Hill Lofts (they've been turned into rentals) and Alchemy @ R Street (on the market as short sales as of this writing).

So what are the markings of a well-executed project? In the central city where buyers are more demanding, it means a mix of striking design (this isn't the 'burbs), quality materials and finishes, smart pricing, and convenience (neighborhood amenities, parking). Missing any one of these can make for a real challenge when it comes time to sell, missing more than one can be disastrous. People buying in these urban neighborhoods are doing so because they're unwilling to compromise on what they want—having multiple urban projects to choose from means they shouldn't have to.

Oh, by the way... Flip to page 127 and you'll see my nearly-life-sized head staring back at you (you coulda warned us, SacMag)! Of course I'm sporting a beard right now, maybe looking a little "Pacific Northwest" in honor of west coast cities like Portland and Seattle that have shown us how to execute on that need for urban infill. But I WAS FEATURED IN SACRAMENTO MAGAZINE!

Okay, maybe "spotlighted" is a better word. But still.

Too cheap to pick up your own copy? You can check out the article here: Up in the Air - Marybeth Bizjak, Sacramento Magazine (October 2008)

Oh, and a quick thanks to Marybeth Bizjak and the fine folks at Sacramento Magazine for puttin' my mug—and opinions—in the middle of the current issue. Please, no drawing pirate moustaches.

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posted by Rob McQuade @ 5:36 PM, , links to this post



Penthouses at Capitol Park: Living the "sky life"

Sacramento has a serious shortage of high-rise living options, so every new addition is a welcome one—especially when it means views of Capitol Park.

Situated atop the Marriott Residence Inn Sacramento Downtown at Capitol Park, the Penthouses at Capitol Park offer Sacramento's only highrise living overlooking Capitol Park and the Capitol grounds (contrasted with the condos at 500 N which offer a more affordable alternative a few blocks away). The 30 penthouse units occupy the top three floors of this 15-story business-class hotel.

These unique luxury condos offer spectacular park and city views and are steps to the state Capitol Building and all of downtown. Convenient to dining and entertainment (across the street from The Park Ultra Lounge, Mason's and Ma Jong's, blocks to Mikuni's, PF Chang's, Bistro 33 and more), the Convention Center, Memorial Auditorium, and of course the Capitol and Downtown Sacramento's business district, these condominiums include high-end finishes and the hotel amenities. Whether you're a lobbyist or legislator, business leader or entrepreneur, local celebrity or part-time Sacramentan, the Penthouses at Capitol Park offer a premium address, top-notch amenities, and defining Sacramento views that can't be found anywhere else!

Features include ceilings up to 10', elegant wood cabinetry and raised panel doors, granite slab counters in kitchen and baths, tile flooring in the entry and kitchen/baths, solar window shades, designer lighting, GE Profile appliances. Also available on-site at the hotel are free wifi in the lobby, heated swimming pool and spa, 24-hour fitness center, dining and lounge, ATM, and outdoor terrace area. Hotel services provided for a fee include valet parking, concierge, laundry and dry cleaning, and room service.

To see penthouse units currently for sale, visit the Penthouses at Capitol Park

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posted by Rob McQuade @ 9:16 AM, , links to this post



Sacramento unveils 311 for expanded info by phone (and email)

Not sure where to go for specific services with the City of Sacramento? What used to be known as Sacramento City Operator is now Sacramento City 311 which means you can dial 311 from a land line or most cell phones within the limits of the city of Sacramento 24 hours a day, seven days a week—even on holidays— to get assistance from a live person (you can even email 311@cityofsacramento.org or use 311 online).

Get answers to questions, request City services, and get help on any municipal issue (besides police and fire) including: Code Enforcement (abandoned cars, graffiti, substandard housing, etc.); Animal Care (injured, stray, aggressive animals, etc.); Development Services Help Line (all calls for DSD are first routed to 311 for triage); Street Maintenance (potholes, cracked sidewalks, lighting problems, etc.); Facility Maintenance (work order requests related to repair/maintenance of City buildings); Citywide Directory Assistance and information about all things related to City services; Request a City crew for drains, water, solid waste, along with general inquiries; Making utility payments by credit card

Sac City 311 is a centralized call center for the City of Sacramento that is intended to make life a little easier for its residents, businesses and visitors. Sac City 311 call center works to answer questions as quickly as possible with minimal transfers.

Frequently Asked Questions

What is 311?
Sac City 311 is an easy to remember phone number that residents, businesses and visitors can use to request service, report problems or get information from local government. Sac City 311 is your resource for connecting with the City of Sacramento. Sac City 311 handles requests for building permits, stray animals, utilities services, and much more—Sac City 311 is ready to help! The 311 customer service agents undergo extensive training to ensure each caller gets a courteous, quick and accurate response. 311 provides a single point of contact for City of Sacramento government services.

Why was 311 created?
The Sac City 311 service is part of an ongoing effort by the City of Sacramento to make access to City government easier and more responsive to the needs of residents, businesses and visitors. Now there is no need to search the phone directory for the right City department—let Sac City 311 take care of that for you.

How does 311 work?
A courteous Sac City 311 customer service agent will assist you in finding the appropriate government service you need. If you need information, agents will either provide it directly or connect you to the appropriate department for your answer. If you need a service, agents can automatically route a work request to the proper department for a City crew to respond.

Who can call 311?
Anyone within the Sacramento City limits can call 311 free of charge from a land-line telephone or cable line. 311 works on most cell phones as well. Cell coverage is determined by individual service providers.

What if I need to call 311 from outside city limits?
Callers outside the City limits can reach Sac City 311 by calling (916) 264-5011.

When do I use 311, and when do I use 911?
The 911 service is for emergencies, such as house fires and crimes in progress, that require an immediate response by police, fire crews or an ambulance. For all other City services, call 311.

Will a 311 agent be able to respond in multiple languages?
Yes, through the use of a third-party translation service, Sac City 311 agents can respond in over 150+ languages and dialects.

Will a 311 agent be able to respond to calls from hearing impaired individuals?
Yes, TDD/TTY callers can dial 311 and then press 3, or dial (916) 808-8563.

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posted by Rob McQuade @ 11:50 AM, , links to this post



CalPERS home loans trump minimum wage for State employees

Working for the State of California may not seem all that appealing when the annual tradition of stalled budget negotiations means minimum wage for state employees (except those who are exempt from the governor's recent executive order), but there are some benefits to civil servants that just might make it worthwhile, like the CalPERS Member Home Loan Program (MHLP).

CalPERS (the California Public Employees Retirement System) draws its membership from employees of the State of California as well as public sector employees in may city and county government agencies, including employees of the City of Sacramento, Sacramento County, Placer County, and many other counties and local municipalities. If you have a CalPERS member number, you should be eligible for the Member Home Loan Program—and membership has its privileges, including:

60-Day and 90-Day Rate Protection
At the time of your loan application, you can lock in your interest rate for 60 or 90 days and get protection against market fluctuations. Other loan programs that offer shorter lock periods can leave you with a higher rate at close of escrow—resulting in higher monthly mortgage payments.

Two FREE CalPERS Float Down Opportunities
With the 60-day and 90-day interest rate locks, you’ll receive the lowest CalPERS interest rate on three key dates—date of loan lock-in, date of loan approval, and date the loan documents are drawn.

30-Day Rate Lock
You can choose to lock your interest rate for 30 days instead 60 days. Although the float down feature is not available with this option, you’ll get the benefit of a competitive 30-day rate.

Low-to-No Down Payment Programs—CalPERS Special Loan Programs
CalPERS offers several financing options that have either low or no down payment requirements. The MyCommunityMortgage™ and Flexible 100™ require little to no down payment.

Interest Only Feature
If you are just starting off, would like greater purchasing power, or like the idea of lower initial monthly payments, CalPERS' Interest Only Feature could be right for you. With initial interest-only periods of 7- to 10-years, these fixed rate and adjustable rate mortgage loans are available for home purchases or refinancing.

100 Percent Financing Options
CalPERS offers options to purchase a home with no out-of-pocket costs for the down payment. CalPERS' 100 financing options could let you secure up to $500,000 for a down payment. CalPERS even offers down payment assistance on jumbo loans.

Savings From Our Partners
To provide you with more comprehensive service during your home buying process, a number of affiliate relationships have been established. Check out additional savings on services related to purchasing or refinancing a home here.

No Prepayment Penalties
Any CalPERS Mortgage Loan gives you the option to make early principal payments with no penalty. This feature of the program not only gives you the ability to build equity in your home but, because these payments are immediately applied to your loan's principal balance, it also saves you money.

For more information or to take advantage of the CalPERS Member Home Loan Program (MHLP), call (916) 444-7577 and we'll connect you with an independent mortgage professional who can serve your needs.

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posted by Rob McQuade @ 11:43 AM, , links to this post



I want you to use this website...

...even if you don't use my services!

I've designed these websites to be useful and usable—and I really want you to find the information (or property) you're looking for. To that end, I'd love to hear what you think. I'm constantly adding and updating the website, including new relevant info and resources. Even if I haven't blogged in a few days, I'm usually adding a new feature here and there (thanks for the feedback on the ZIP Code search tool at the left of each page, Margaret!)... But is it the type of info you want? And what else would be helpful?

Please let me know what you think. I'm listening and working to build the best, most easy-to-use Sacramento area real estate website I can. Judging by the great phonecalls and emails I'm getting it's working. But I'm not here to rest on my laurels!

Fifteen seconds of (real estate) fame

A few weeks ago I was fortunate enough to meet with the fine folks at Trulia (a real estate industry website used by a lot of consumers to find properties for sale—though it's not nearly as good as my websites! ;-D)to shoot a video with Brett Crosby at Google Analytics for other real estate industry professionals. It probably won't be of interest to you (it's a bit nerdy, I confess I'm a "real estate nerd"), but you can check out the video below. It was even picked up by ActiveRain (another industry website that many consumers use)



Oh, and if you decide you'd like some help with your Sacramento real estate needs, my team and I are absolutely here to serve you—just ask! -Rob McQuade -- (916) 444-7577.

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posted by Rob McQuade @ 7:17 PM, , links to this post



Check out the new video from the 500 N Condos

New to Downtown Sacramento? Considering buying a condo or other urban property? The developer and sales team at the 500 N condos want you to consider highrise living downtown at 500 N—Sacramento's only real highrise option (for now). In fact, they've put together the video below.

And if you're interested in buying, you can check out some of the condos for sale at 500 N or check out more Downtown condos and Midtown lofts for sale.

500 N Condos

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posted by Rob McQuade @ 6:55 PM, , links to this post



What happened to the Whiskey Hill Lofts?

I've recently had a lot of people searching my Downtown and Midtown websites for info on the Whiskey Hill Lofts, developer Paul Petrovich's residential project behind the Rite Aid he built at 21st & S in Midtown.

The Sacramento Business Journal reported on May 23rd that the Whiskey Hill Lofts, a 30-unit Midtown loft and condo development that opened for sale in February, hadn't attracted any buyers and "is being converted into apartment units and will be rented..."

Why? I think the combination of pricing—the price per square foot at Whiskey Hill was on par with other more desirable projects in better locations within the central city, including the L Street Lofts and 1600 H (which is finishing construction and has yet to close on any of the loft units)—and location just couldn't compete with other new Downtown and Midtown developments. Meanwhile the Sutter Brownstones are still selling, in part due to their competitive prices (thanks largely to mandatory subsidies from Sutter as a condition of the hospital expansion).

Looking for a Downtown or Midtown loft or condo? Register online to create your own saved searches for free or give me a call today at (916) 444-7577. -Rob

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posted by Rob McQuade @ 12:27 PM, , links to this post



AAA's Via explores Sacramento, extolls the virtues of Midtown

Attention Sacramento area AAA members: Didja catch what Via, AAA's travel magazine, had to say about our fair city? May's issue featured Sacramento and the article title says it best: read Capital Gains: Sacramento is all grown up.

What's most notable is the fact that Sacramento is being defined by the core neighborhoods, Downtown and Midtown, referring to Midtown as "the city's lively eating and schmoozing hot spot."
"A wildly popular art walk through the neighborhood's galleries and boutiques on the second Saturday evening of every month has helped transform Sacramento's sundown stampede into a galloping nightlife... The 2nd Saturday Art Walk emerged from the trunk shows of a few scattered Midtown boutiques in the '90s, and now virtually every shop, cafe, and valet parking spot has an exhibition or an easel up, with music playing somewhere close by."

The author goes on to mention more than a dozen local establishments worth exploring and even talks about some of Downtown and Midtown Sacramento's most notable real estate:
"If you have a passion for Victorian architecture, tour the Governor's Mansion at 16th and H streets and the Leland Stanford Mansion at Eighth and N streets, both now state historic parks. The posh Governor's Mansion, built in 1877 and furnished with fireplaces of Italian marble, gives you a glimpse of how the Golden State's chief executives lived from 1903 until 1967, when it was briefly inhabited by California's first actor-turned-governor, Ronald Reagan. Contrast this with the grandeur of Leland Stanford's 19,000-square-foot former estate and its 19th-century-style gardens."

But a few words summed up well Sacramento in general and Midtown more specifically:
"Sacramento has become what many cities aspire to be: a great walking town. Along Midtown streets, under a canopy of Dutch elm trees, the scene hums."

And if you haven't checked out 2nd Saturday yet, you can download the 2nd Saturday artwalk map and explore the festivities—and be sure to start at McMartin Realty at 21st & K.

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posted by Rob McQuade @ 10:34 AM, , links to this post



Kiplinger names Sacramento one of the Top 10 Best Cities in 2008

Personal finance and business magazine Kiplinger features Sacramento as one of its 2008 Top 10 Best Cities in the July 2008 edition (the only California city to make the list), citing Sacramento's lush treescape and 200+ parks, burgeoning biotech and green technology industries, and evolving educational opportunities. Midtown is once again in the spotlight:
Midtown Sacramento has evolved into a 24/7 hotspot. The area is brimming with quirky boutiques, art galleries and more than 100 restaurants.
Sacramento came it at #8 with other truly livable cities, including Austin (TX) and Colorado Springs (CO). If you don't live here, maybe it's time to move!

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posted by Rob McQuade @ 11:16 AM, , links to this post



Brookings: Sacramento goes greener, shrinks carbon footprint

Sacramento ranked 12th best in nation's 100 largest metro areas

In its recently released analysis, "Shrinking the Carbon Footprint of Metropolitan America", the Brookings Institution found that the Sacramento metro area decreased its per capita greenhouse gas emissions from residential and transportation uses by about 9% between 2000 and 2005, compared with a 1.1% increase across the 100 largest U.S. metro areas and 2.2% across the nation as a whole.

Newer housing options and increased demand for energy efficient or "green" features in homes (reflected in new urban developments such as 9 on F and the SoCap Lofts in Downtown Sacramento) have helped push Sacramento toward the top of the list.

The Brookings Institution is a nonprofit public policy organization based in Washington, D.C.

Looking to reduce your carbon footprint? Some quick and easy ways to do that include using alternative transportation (bus, light rail, and bicycle), living closer to where you work and play, and choosing a home that reduces your impact on the environment. Consider urban living, explore Downtown and Midtown Sacramento. You can also find out more about green living at Sacramento Green Living.

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posted by Rob McQuade @ 10:46 AM, , links to this post



Do some (more) Good

Did you miss last weekend's open house at Good (LJ Urban's newest project at 4th & B in West Sac just off the I Street Bridge)? This just came from the fine folks over at LJ Urban:

See some more good
Many of you have requested that we have another open house, so this Sunday we're going to head over from 5-8 and keep the doors open so you can come and take a look. Its not another big party like last time but for those of you who missed us last week, now's your chance to come see what the fuss is all about.

We are still not officially selling the homes yet, but expect to start taking pre-sale orders in early June.


1931 H Street, Sacramento, CA 95811
916.930.9400 ljurban.com

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posted by Rob McQuade @ 4:47 PM, , links to this post



We're on the official 2nd Saturday artwalk map!

Andy Morin has been working hard to get the new Second Saturday artwalk website and map up and running and his hard work is bearing fruit: You can check out the NEW official 2nd Saturday website and even download an artwalk map for the upcoming event. Plus check out ForSaleinMidtown.com in the upper right-hand corner of the map. It's official, we're famous! Or you could say we're on the map. ;-)

If you haven't been out for a 2nd Saturday event in Sacramento in a while, we've grown! Midtown Sacramento is home to what has become a major art event on the second Saturday of each month (upcoming 2008 events are June 14th, July 12th, August 9th, September 13th, October 11th, November 8th, and December 13th) and just happen to be concentrated around McMartin Realty at 21st & K in Midtown. Thousands converge on the area for gallery openings and art shows throughout the central city that typically run 6-10pm. Sure, parking is a pain-in-the-backside—but it's more than worth the art, entertainment, dining, and general energy. In fact Midtown has shown up on the radar with the San Francisco crowd (check out the recent SF Chronicle article "Hip, artsy heart beats in Sacramento's Midtown").

New in 2008 is McMartin Realty's PARK YOUR ART event (you can find out more at http://www.park-your-art.com and our upcoming indoor/outdoor shows. Definitely a must-experience event! -Rob

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posted by Rob McQuade @ 3:25 PM, , links to this post



Moving to Downtown or Midtown Sacramento? UC Davis needs your help!

If you're thinking about relocating to a walkable neighborhood like Downtown or Midtown, UC Davis needs your help!

From Emily at UC Davis:
[UC Davis is] working on a national study that's looking at activity levels of people before and after they move to walkable neighborhoods. Our study is focusing on the Sacramento region... [and] we'd like to survey new buyers/renters who will be moving in within the next 3 months or so (we need to survey them both before and after they move).
You can find out more about the study being conducted and how you can get involved at http://www.des.ucdavis.edu/faculty/handy/SHIFT.htm and, of course, get in touch with me if you're planning a move to Downtown or Midtown Sacramento.

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posted by Rob McQuade @ 3:36 PM, , links to this post



Prices going up on two central city projects (May 2008)

Despite a limping real estate market overall, two new projects in the urban core have seen robust sales and have increased prices over the initial release prices.

Sutter Brownstones

This 28-unit brick townhome LoftWorks development in Midtown debuted to an enthusiastic buying community and units that were priced from $370,000 to $590,000 in the first phase—and are currently priced from $385,000 to $625,000. The largest floorplans feature a separate studio living space with its own private entrance. Dues are reasonable at $122-138/mo, but buyers should be asking questions about the reserves and how future repairs will be coordinated.

SoCap Lofts

I gave the folks at SoCap a little bit of a hard time for not incorporating a mixed-use component into the Downtown Sacramento development (I'd have been happy with something as simple as a cafe space at the corner of 6th & R), but that hasn't seemed to slow down their sales. New residents have moved into all of the 7th Street units and the developer is making progress on the next several rows of infill housing. It doesn't hurt that the detached design has allowed the HOA to be kept at an easy-to-swallow $93/mo to cover common area costs (yes, individual homeowners will be responsible for their own townhome-style loft units' maintenance). Prices have bumped up an average of about $10,000 per unit from the first release and still seem to be selling briskly. I'm looking forward to the next project Regis is working on a couple blocks further west set to begin moving forward in 2009 or 2010, which will include a mix of residential and retail.

Somebody should let LoftWorks and Regis Development know that we're in a real estate downturn—but not before they take advantage of early release pricing!

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posted by Rob McQuade @ 2:57 PM, , links to this post



Downtown's historic Alkali Flats neighborhood in transition

KCRA 3 talked with neighborhood activist Sean Wright about the changing face of Alkali Flats/Mansion Flats, Sacramento's oldest residential neighborhoods and once home to the wealthiest local citizens. Over the last several decades the neighborhoods have been challenged by homelessness, transiency, and drug problems, but new developments such as 9 on F and the Globe Mills show that the neighborhood is changing again—for the better.

Click on the image below to see the video.

KCRA 3 talks about the changing face of Downtown Sacramento's Alkali Flats/Mansion Flats neighborhoods over the last 158 years

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posted by Rob McQuade @ 1:17 PM, , links to this post



FREE: Let there be (compact fluorescent) light!

Let me put $368 in your pocket* with FREE compact fluorescent lightbulbs (CFLs) while supplies last

I started giving away energy-efficient compact fluorescent lightbulbs at our Green Second Saturday event in April, and now I want to offer them to anyone who would like to stop by and pick up a four-pack (while supplies last, of course). Just send me an email or give me a call at (916) 444-7577 to let me know you'd like to swing by and pick some up. I'll also throw in a Gold C book (entertainment discounts) to anyone who comes by on foot or on bike. ;-)

Rob McQuade - (916) 444-7577
McMartin Realty
2031 K Street, Suite 100
Sacramento, CA 95811-4253

*Save $92 in energy costs per bulb based on 12 cents per kwh over the expected 10,000-hour lifespan of these 23-watt (100-watt equivalent) CFLs compared to 10 standard 1,000-hour 100-watt light bulbs.

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posted by Rob McQuade @ 12:22 PM, , links to this post



May 8th: Sacramento Green Home Expo (and a friendly mention)

Green Home Expo opens in Sacramento May 8th

Okay, so maybe you don't think of the North State Building Industry Association as a bunch of party people (and you obviously don't know them very well if that's the case), but they know how to put on a good (trade) show. This Thursday, May 8th, is the Green Home Expo at the Sacramento Convention Center. It's an all-day event with free trade show admission, and you can expect to see some of the latest green home tech. If you're thinking about starting a remodel or you just want to know more about the latest energy efficient, eco-friendly products for the home then check out the expo (and there are some really cool workshops being offered for a very reasonable price). You can find out more by clicking on the banner below.

The BIA's Green Home Expo opens in Sacramento on May 8th, 2008PS - The convention center is an awfully big place to heat and cool. Maybe they'll open the windows. ;-) PPS - While you'll find a lot of groovy home products at the expo, you probably won't find an actual home. If you're looking for an eco-friendly home in the Central City area, please get in touch with me!

Being a Green Nugget

Oh, and while I'm not in it for the glory, it's always nice to get a friendly mention from people who always have their "green" thinking caps on (made from organic cotton, of course)—and Levi Benkert and the awesome eco-urbanists at LJUrban are among the greenthinkiest (consider the term officially coined) people I know of locally. What's not to love about people whose aspirations are to dream big, live small, and do good?

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posted by Rob McQuade @ 12:15 PM, , links to this post



Making the River District and Richards Blvd livable

Too Much, Too Late

A terrible thing happened just as Sacramento was "growing up" and becoming a vibrant city: the real estate market reversed course after several years of phenomenal gains. Projects like The Towers that John Saca was working on Craig Nassi's Aura Condos—both beautiful highrise residential projects—stalled as the market began changing, leaving Sacramentans still wanting for signature new residential projects.

Sacramento's Second Chance(s) at a First Impression

Despite changes in the regional real estate market, Downtown Sacramento stands as a sign of the city's hopefulness. New, more patient and thoughtfully designed projects have begun to take the place of the more brash, no-such-thing-as-a-bubble developments we thought were the Next Big Thing to hit Downtown. Real estate developer Thomas Enterprises has continued to
plod along methodically with the 240-acre Railyards redevelopment adjacent to Sacramento's existing Downtown area.

Thomas Enterprises' 240-acre Railyards development site adjacent to Downtown SacramentoBut lost in the discussion over the much larger Railyards site is a smaller but very significant redevelopment area just north of Downtown along the American River: the River District.

A River (and Light Rail!) Runs Through It

Comprised of mostly warehouse, semi-industrial, and newer office-use businesses, the Richards Blvd corridor was rebranded as the River District as the city pushed for more infill housing. The largest project in the proposed area is currently Township 9, which is set to add roughly 3,000 housing units (in mostly mid- and highrise developments) between Richards Blvd at 7th St and the American River. Also proposed are a winding road along the river that would run alongside a park and outdoor amphitheater.

Township9's 65-acre residential redevelopment in the River District just north of Downtown Sacramento and the Railyards development siteThe site, anchored at 7th & Richards, is a transit-oriented development (TOD) that will have a light rail station connecting it to Downtown and south by 2010, and eventually continuing north to Natomas and on to the airport as part of the Downtown-Natomas-Airport (DNA) alignment.

The Other "7th & Richards" Site

Also at 7th & Richards in the River District is a key development opportunity that we have listed, 750 Richards Blvd. The site, located at the anchor gateway for Township 9, consist of five parcels and primed for high-density mixed-use (and potentially highrise) transit-oriented development.

Prime Downtown Sacramento transit-oriented development (TOD) site for sale - Call Rob McQuade, McMartin Realty - (916) 444-7577For more information about this major development opportunity, you can reach Rob McQuade at (916) 444-7577.

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posted by Rob McQuade @ 4:14 PM, , links to this post



Sales at the Sutter Brownstones moving briskly

A month ago I announced that LoftWorks had released pricing for the Sutter Brownstones.

Slow real estate market? In the month since that announcement more than half a dozen of the 28 East Coast-style brownstone units are in contract, and among those reported to be buying are city manager Ray Kerridge who came to us from a stint putting Portland on the map as a hot urban hub.

LoftWorks' Sutter Brownstones in Midtown SacramentoNow selected units at the Sutter Brownstones are available online. For anyone on the fence, I think these units offer just about the best combination of price, location, design, and amenities. In fact, the only complaint I've had from clients is the size of the garages and the fact that the HOA's low fees means a larger portion of each unit's maintenance is left up to the individual property owners.

Let me know what you think. Give me a call at (916) 444-7577.

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posted by Rob McQuade @ 11:34 PM, , links to this post



More accurate UCD Med Center & Elmhurst searches

The UCD Med Center and Elmhurst neighborhoods offer the same beauty as neighborhoods like Land Park and East Sac , but are often forgotten about when househunting in older neighborhoods—partly because the ZIP Code 95817 is often dismissed as "just Oak Park". And Elmhurst, tucked behind medical center, even shares a bit of 95819 with East Sac (north of T Street, which is the beautiful boulevard that makes Elmhurst such a wonderful area to live in). Searching 95817 or 95819 and finding homes in the Med Center and Elmhurst can be tricky.

Good news! I've just updated the website so that you get only the most accurate Elmhurst and UCD Med Center home and condo results—you can't find more accurate one-click search results anywhere else than right here. To get the most accurate Midtown real estate search results, simply click on the "homes" or "condos" link on every page of ForSaleintheMedCenter.com

NEW! UCD Med Center & Elmhurst home search results that are more accurate!

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posted by Rob McQuade @ 10:57 AM, , links to this post



NEW! Central City foreclosures available online

This is a quick update: I just added a new link to Central City foreclosures, now you can view bank-owned and REO properties in Central City and other areas, including Antelope, Arden, Carmichael, Citrus Heights, Curtis Park, Davis, Del Paso Heights, Downtown Sacramento, East Sacramento, El Dorado Hills, Elk Grove, Fair Oaks, Gold River, Granite Bay, Greenhaven, Laguna, Land Park, Lincoln, Meadowview, Midtown Sacramento, North Natomas, North Sacramento, Oak Park, Orangevale, Rancho Cordova, Rio Linda, River Park, Rocklin, Rosemont, Roseville, Sacramento, South Land Park, South Natomas, South Sacramento, Tahoe Park, the UCD Med Center, the Pocket, West Sacramento, Woodlake, and even Woodland.

Foreclosures (also called REOs or bank-owned properties) represent some of the best deals in the local real estate market. Still not sure how to buy a foreclosure property? You can and review a glossary of terms, plus request additional info and get new foreclosure listings as they become available.

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posted by Rob McQuade @ 9:52 AM, , links to this post



April 23rd: Winn Park/Capitol Ave mixer & pet event

The Winn Park/Capitol Avenue Neighborhood Association (WPCANA) is hosting a membership mixer and pet wash at Pampered Pet Salon on April 23rdI just got word from Jodie Kerhlikar with Sacramento Mortgage Company that the Winn Park/Capitol Avenue Neighborhood Association (WPCANA) in Midtown is hosting a membership drive/mixer and pet-washing event at the Pampered Pet Salon this coming Wednesday, April 23rd, 6:30-8pm.

WPCANA serves Midtown residents and businesses located between J and R Streets and 19th to 29th Streets. Pampered Pet Salon is located at 1422 28th Street, Suite C in Midtown (95816). Pet washes are free for WPCANA members (a $15.95 value) and anyone who's not a member can join for just $15 for the year—and get a free pet wash!

This is an open invitation to anyone in the Midtown Area who
  • is interested in a safe and active community
  • would like to do some business networking
  • wants to meet other dog owners and neighborhood association members
  • likes a clean dog
Come out and meet your neighbors! For more information, contact Jodie at (916) 444-8750.

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posted by Rob McQuade @ 4:17 PM, , links to this post



Green Second Saturday adds SEEART's Legacy Trees and Midtown Murals Projects

I just got off the phone with James Cooper of SEEART (Sacramento Educational Events for Art) and he's confirmed that both the Legacy Trees Project and the Midtown Murals Project look forward to being a part of Park Your Art @ McMartin Realty for Green Second Saturday!

SEEART has been doing great things for Midtown in the form of the Midtown Murals Project for several years with creations like the mural at 15th & J on a building owned by Jim Tanovitz of Art Ellis Supply, the wrap-around corner mural on Uptown Market at 17th & Capitol, and the mosaic mural on OfficeMax at 17th & J.

SEEART's Midtown Murals Project in Midtown Sacramento
Now SEEART has partnered with Councilmember Steve Cohn's office and the State Department of General Services (DGS) to acquire a historic (or "legacy") tree from the State Capitol grounds to be used as part of their arts education initiative and to create new art.

SEEART's Legacy Trees Project
SEEART is joining us to share what they're doing with the rest of Sacramento and to promote their upcoming project launch party fundraiser on May 3rd at the Art Foundry at 10th & R. For more information about SEEART, the Legacy Trees Project, or Midtown Murals, visit http://www.seeart.org.

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posted by Rob McQuade @ 2:12 PM, , links to this post



NEW! The most accurate Midtown home & condos searches!

Midtown Sacramento is a neighborhood like no other. True, surrounding neighborhoods like Land Park and East Sac have their own benefits--but for Midtown dwellers no other neighborhood is quite the same. Because Midtown isn't just one ZIP Code (it shares part of 95811 with the Railyards and River District, 95814 with Downtown, 95816 with East Sac, and 95818 with Land Park and Curtis Park), it can be tricky getting just Midtown homes to show up when you're searching the MLS.

Good news! I've just updated the website so that you get only the most accurate Midtown loft, condo, and home results—you can't find more accurate one-click search results anywhere else than right here. To get the most accurate Midtown real estate search results, simply click on the "homes" or "lofts & condos" link on every page of ForSaleinMidtown.com :-) -Rob

NEW! Midtown Sacramento home search results that are the most accurate you'll find!

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posted by Rob McQuade @ 4:29 PM, , links to this post



Sacramento's bungalow heritage & "Bungalow Row"

The Arts & Crafts Movement in architectural design came to Downtown and Midtown Sacramento at the turn of the 20th century. The period between 1900 and 1920 welcomed a new housing type in central city homes: the bungalow. Characterized by their porches and open floorplans, bungalow styles include the Craftsman, California Bungalow, and Praire, the bungalow marked a more casual and open style in homes after the Victorian era rigid formality.

Some of these bungalows are still scattered throughout the central city, but Midtown has a wonderful concentration of them. Drive down Q Street and as you reach the 2500 block you'll see to the left what's affectionately referred to locally as "bungalow row"—an entire block of beautifully maintained bungalows.

Midtown Sacramento's 'bungalow row' at the 2500 block of Q Street
These California Bungalows pop up in surrounding areas, and a few are currently for sale within a couple blocks of "bungalow row". Take a look at Coldwell Banker-Dunnigan's listing at 1615 26th St, which just came on the market. Both it and it's neighbor across the street, 1616 26th St listed by Lyon, were built in 1910, as was the Prairie Bungalow at 1514 23rd St that was just recently listed for sale by Keller Williams.

At the opposite end of Midtown in Boulevard Park, Lyon has 427 21st St and 328 22nd St for sale, which were built in 1908 and 1920 respectively.

For more information about Sacramento bungalows, check out an introduction Sacramento Bungalow Heritage Association founding member Kerry Phillips' has written, "What is a Bungalow?"

While these aren't the only bungalow homes for sale in Downtown and Midtown, they give you a good idea of the variety of homes you can find in the bungalow style in these neighborhoods. Looking for a bungalow to call your own? Give me a call at (916) 444-7577.

"A bungalow nourishes the needs of our souls."
-Ted Wells, John T. Greene House

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posted by Rob McQuade @ 1:02 PM, , links to this post



April 12th: Green Second Saturday

PARK YOUR ART & Green Second Saturday @ McMartin Realty
April 12th, 2008 6-11pm 21st & K in Midtown Sacramento


Our March event was rockin', but April is gonna be huuuuge! So huge, in fact, that we're staying late—festivities start at 6pm and go until 11pm!

The Smith Gallery will be joining us again with great artwork from prominent local artists, plus we'll have a guitar performance from Stephen 9ine 6-7:30pm, amazing firedancers at 7:45pm, the Richard March Band goes on 8-11pm, and as always we'll have our popular outdoor art show with dozens of great local artists and crafspeople—giving you a chance to own their one-of-a-kind, handmade works!

Park Your Art at McMartin Realty - April 2008 Green Second Saturday featuring the Richard March Band
This is our big fundraiser for ECOS, the Environmental Council of Sacramento (last month was just a fun bake sale), so join us as we celebrate a green Sacramento! This event is to promote Sacramento Earth Day and awareness of local environmental efforts. Come check out alternative energy vehicles, too!

This event is FREE to attend and is open to art-lovers of all ages. If you'd like to put your art or crafts on display for FREE, download an artist application or for more info call McMartin Realty at (916) 447-1600.

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posted by Rob McQuade @ 3:25 PM, , links to this post



"For Sale By Owner" Sheraton going to developers Taylor, CIM

It seems David Taylor is the golden child of Downtown Sacramento development these days. During a time when grandiose projects like John Saca's Towers and Craig Nassi's Aura Condos hit the skids, Taylor's U.S. Bank Tower at 6th & Capitol Mall seems to be the only highrise project that has come out of the ground in the last two years on the grid. We've seen some smaller but key successes in the L Street Lofts and 1801 L (both by Sotiris Kolokotronis) as well as the 1600 H Lofts (from Habitat's Jeff Kraft), but the big buildings that define a city's skyline are a sore subject for Sacramento.

The City of Sacramento is moving forward with the sale of the Sheraton Grand Hotel to David Taylor, CIM Group
It's almost no surprise, then, that the City of Sacramento is fast-tracking sale of the city-owned Sheraton Grand Hotel (and garage) to David Taylor and his partner in the transaction, CIM Group. In addition to the U.S. Bank Tower, Taylor has built projects that include the New City Hall expansion and 1201 K Street. CIM Group of Southern California was made famous locally through their heavily subsidized (to the tune of $16 million) 800 J project and are CalPERS' new partner in the former Towers site at 300 Capitol Mall. Yes, it's an incestuous bunch.

The Ayes have it

Taylor has applied pressure to the city to give the final okay to the deal, quietly warning that the current offer could go away if no resolution is achieved. And, in the face of such pressure, the City Council voted 8-1 to approve the deal (with Kevin McCarty the lone dissenting vote)—despite concern from interim city Treasurer Tom Berke, who's concerned that the deal is being fast-tracked without thorough analysis.

No, the surprise of this deal isn't so much that the city is selling in a slumping real estate market (nevermind the old saying about buying low and selling high). The surprise is that the city has agreed to earmark half of the roughly $40 million profit from the $130 million sale for future Taylor/CIM projects. According to The Bee, those sites could include the former Montgomery Wards at 9th and K, 601 Capitol Mall (land that Taylor owns and that was originally slated for the 39-story Aura Condos that developer Craig Nassi was working on), and the former Towers site that CIM and CalPERS control.

Charity, thy name is David Taylor?

Taylor appeared briefly at the Tuesday City Council meeting to say that the Sheraton sale keeps downtown development alive.

To see what a few SacBee.com readers think, click here.

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posted by Rob McQuade @ 2:02 PM, , links to this post



Pricing is out for the Sutter Brownstones

It's taken me a couple days to post the real numbers to make sure the information was meant to be public, but I confirmed with Mollie at LoftWorks that pricing for the Sutter Brownstones will be from $369,000 to $590,000 for the three-story townhomes—which strikes me as a great price for new construction in a prime location like this one, especially compared to the more than $500/sq.ft. that several Downtown and Midtown loft projects are listed for.

LoftWorks' Sutter Brownstones in Midtown SacramentoThe floorplans range from 1,119 square feet to 1,986 square feet, with the largest unit including a separate studio on the ground floor with its own kitchen, bath, and private entrance. The 1,707-square-foot floorplan includes a ground level media room, and all 28 units have private balconies or patios.

For more information about the Sutter Brownstones or to purchase one of the 28 fabulous, East Coast brownstones-inspired townhomes, visit ForSaleinMidtown.com.

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posted by Rob McQuade @ 12:50 PM, , links to this post



Green on F

Nine on F: The Greenest Homes in Sacramento.

It was late summer 2007 when I first heard about a big "green" residential project that was being built downtown in the Alkali Flats neighborhood. I was a bit cautious at first because so many businesses had begun jumping on the "green" bandwagon and were touting any energy efficient, environmentally friendly features they could attach to their product or service.

In November I finally took some time to preview 9 on F Citywalk. What struck me when I walked through the traditional units that fronted F Street was two things: First, I didn't feel like I was walking through a "green" home. The countertops weren't made of recycled beer bottles and there wasn't anything touting blue jean insulation. Second, this was beautiful design—like something out of Dwell Magazine. Better than I'd seen in Sacramento on a smaller scale project like this one.


Sure, other projects lately have been touting their green features. Regis Homes, developer of the SoCap Lofts at the southern end of Downtown, had incorporated solar—but this seemed to me to be a bit of an afterthought.

9 on F developer Jeremy Drucker really started the project with a green end in mind, which is why the nine three-story units are all have LEED for Homes certifications and are rated LEED Silver or Gold—a notable achievement for a Sacramento project being completed in what anyone would say is a challenging real estate market. Drucker, a bay area resident, has gone a step further than most developers and has reached out to the community. I know his goal is to sell a product, but he's managed to build a tremendous amount of media attention and awareness for what I hope will continue to be a mainstream move to green by promoting the Environmental Council of Sacramento (ECOS), SMUD's SolarSmart program, and even connecting with the City of Sacramento at a time when Mayor Heather Fargo and other key officials have been pushing to make Sacramento the greenest city in the nation.

I appreciate Jeremy Drucker's efforts. I also appreciate the great design his project has brought to Alkali Flats and the entire Downtown area. The homes at 9 on F join beautiful design, infill development, and earth-friendly features, which include: dual-zone geothermal heating and cooling, solar, tankless hot water heaters (no "tankless job" puns, I promise), environmentally friendly wood products, FSC-certified responsibly managed wood flooring, and low-VOC (volatile organic compounds) interior paints.

For more information about 9 on F or to purchase one of the nine beautiful, traditionally-inspired or urban loft-styled units, visit ForSaleinDowntown.com.

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posted by Rob McQuade @ 9:14 AM, , links to this post



Our March kickoff and ECOS fundraiser ROCKED!

Wow, what a phenomenal event! We had more than a thousand artwalkers come through Park Your Art at McMartin Realty and raised money for ECOS. Thanks to everyone who helped make it a huge success, and we'll see you for our next big event: Green Second Saturday on April 12th!

Park Your Art at McMartin Realty - March 2008 Second Saturday event
People we'd like to thank: Larisa Bryski and Willy Seltzer, for donating their time and talent; Chad Tibbs, for helping with setup and teardown all weekend; Fred Schatz, for providing extra lighting and extension cords; Marcy Boyd and Jim Barnhart, for volunteering with ECOS; Jason LeBrun, for using his snazzy Palm Centro to photograph and live-blog the event; and Thomas Roth, for helping us get the Smith Gallery team out to the event.

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posted by Rob McQuade @ 11:24 AM, , links to this post



March 8th: Fundraiser for ECOS

PARK YOUR ART @ McMartin Realty
March 8th, 2008 | 6-9pm | 21st & K in Midtown Sacramento


The weather is beautiful again, so March is our 2008 kickoff event. We'll be showcasing the talents of award-winning Sacramento artist Steve Memering who will be debuting his latest work capturing the beauty of the American River.

We'll also be featuring amazing art from the Smith Gallery, an acoustic performance by the beautiful and talented SAMMIE winning Larisa Bryski, and our popular outdoor art show brings you up close to the creations of more than a dozen great local artists and crafspeople and gives you an opportunity to own their one-of-a-kind handmade works!

Park Your Art at McMartin Realty - March 2008 Second Saturday event
We'll also be raising funds for ECOS, the Environmental Council of Sacramento, so come help us celebrate the coming of spring! This event is FREE to attend and is open to art-lovers of all ages. For more information or if you'd like to put your art or crafts on display for FREE, download an artist application or call McMartin Realty at (916) 447-1600.

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posted by Rob McQuade @ 1:12 PM, , links to this post



A local plan for sustainability

In December the City of Sacramento adopted its first Sustainability Master Plan, but the real step toward making Sacramento a truly sustainable city came this week with the adoption of the 2008 Sustainability Implementation Plan. You can view it as a PDF here.

The City of Sacramento's Sustainability website

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posted by Rob McQuade @ 11:41 PM, , links to this post



Downtown vs. The Railyards?

It was Thoreau who said that "the mass of men lead lives of quiet desperation." Downtown property owner Moe Mohanna's desperation, however, is a bit louder. The Sacramento Business Journal's Michael Shaw reported that Mohanna has--through partners and interested parties—sued the City of Sacramento and Railyards developer Thomas Enterprises, "objecting to the entitlement approvals for The Railyards and claiming the project will hurt downtown businesses."

The suit, filed Wednesday in Sacramento County Superior Court, makes broad claims that the project's environmental impact report doesn't address the effect on existing retail locations like K Street, where Mohanna owns properties. The landlord and the city are locked in a battle over those properties.

Although entitlements granted to The Railyards include housing, office buildings and entertainment venues, the suit claims the project is "nothing but a huge, new 1.1 million-square-foot regional shopping mall."


That's one way to make friends and influence people, but Mohanna begins to look less like he's standing up for the rights of the little guy and more like a toddler throwing a temper-tantrum.

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posted by Rob McQuade @ 11:23 AM, , links to this post



One step closer to moving Greyhound to Richards Blvd

Terry Hardy reports in today's Sacramento Bee that talks between the City of Sacramento, Greyhound, and property owner Danny Benvenuti are closer to bearing fruit and that a formal announcement may be made this week. The station would be moved to 300 Richards Boulevard in the River District until a permanent home is completed as part of an intermodal transit hub in the Railyards.

Benvenuti, owner of the current Greyhound building at 7th and L Streets downtown, is exploring the possibility of a hotel and apartments for the site, just blocks from the Capitol, Downtown Plaza, and convenient to much of downtown's shopping, dining, and entertainment.

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posted by Rob McQuade @ 9:55 PM, , links to this post



The office hasn't moved but our address has changed...

Just when you think you know a place...

Effective today, parts of 95814 adjacent to 95816 and 95818 have been rezoned by the United States Postal Service (thanks, guys) and are now a new ZIP Code: 95811.

While it's not too uncommon for rural or suburban areas to have their ZIP Codes split, in this instance three of the most densely populated Sacramento ZIP Codes in the urban core are being shuffled around. Many of us have speculated that the addition of the Railyards as an area to be redeveloped is a large part of the reason for the change. With new development on the infill site adjacent to Downtown comes many new mailing addresses.

The USPS has given a succinct explanation for the split: more efficient mail service.

No word yet on when you'll need to search the Sacramento MLS using the new 95811, but the USPS will only honor the old ZIPs through June of 2008. Fortunately that gives me a little extra time to use up business cards before printing new ones.

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posted by Rob McQuade @ 7:21 PM, , links to this post



Everything that's old is new!

Two of Midtown's great institutions are celebrating grand re-openings this Saturday, April 14th: Harv's Metro Carwash is celebrating its big remodel and Time Tested Books is unveiling its new digs in the space next to it's former spot.

The NEW Harv's Metro Carwash at 19th and LHarv's is celebrating a new look and feel with a "bubble parade" and discount carwashes on Saturday. I'm there twice a week already keeping the car looking spiffy for clients (hey, it's tough being a Realtor) and the customer service is great—and I'll admit I'm curious to see what a "bubble parade" is.

Harv's Metro Car Wash
1901 L St (19th & L)
Sacramento, CA 95814
http://www.harvscarwash.com/

The old Time Test Books location on 21st at K, next to the new locationThe same day, another Midtown classic, Time Tested Books, is opening up for Second Saturday and celebrating their new space with 20% off all books on Friday and Saturday the 13th and 14th, plus there'll be live music and refreshments Saturday evening 5-9pm for everyone out enjoying the festivities.

Time Tested Books
1114 21st St (21st and K)
Sacramento, CA 95814
http://www.timetestedbooks.net/

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posted by Rob McQuade @ 3:43 PM, , links to this post



A Tale of Two Towers on Capitol Mall

John Saca's Towers on Capitol Mall project in Downtown Sacramento, from the blog PlastilinaEven before work stopped on the Towers site in January and John Saca confirmed in February that the developer had defaulted on a $22 million loan, a lot of people had their doubts about Sacramento being able to sustain a project of this magnitude. As new obstacles popped up and CalPERS proved to be less than willing to negotiate a buyout, the storm cloud darkened.

Late in March a letter from Saca to the future homeowners at the Towers confirmed what had been hinted at: a new equity partner was being sought (most likely to replace CalPERS). The letter also included an addendum that restated the contract dates to be effective May 1. The team handling the sales is now chasing those addenda down.

Saca will probably release a statement in the next couple days to stave off the media's requests for updates and all the swirling rumors that pop up in the space between official announcements. In that expected statement: John Saca and his partners have secured a new equity partner to replace CalPERS, the Deutsche Bank funding remains in place, and the project will move forward. Keep your ears to the ground...

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posted by Rob McQuade @ 12:19 PM, , links to this post