Binchoyaki: Little Space, Big Taste

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Binchoyaki: Little Space, Big Taste

By Jamie Worrall

Today you’ll find a much smaller Japantown here in Sacramento compared to what stood pre-WWII. It was relocated in 1957 after bulldozers and the Sacramento City Council moved forward with The Capitol Mall project and, in the process, uprooted our once-bustling 6-square-block Japanese community. These days, along 10th Street in Midtown Sacramento, mostly between T and W, a small cluster of Japanese owned businesses include Osaka-Ya, Sakura Gifts, June’s Cafe, and a new favorite-- Binchoyaki. This new eatery and small bar has caught the attention of many, including Michael Glascock who came in after noticing how crowded it was inside and then soon after reading about their chart-topping Duck Ramen plate in the Sacramento Bee. Learning that a Pocket-Greenhaven native, Craig Takehara and his wife Tokiko Sawada are behind Binchoyaki made him all the more proud of their success and we were eager to spread the word!

Binchoyaki is an Izakaya-style dining experience, or what in Japan would be your go-to after work gastropub where you meet up with friends or co-workers after a long day. Everything here is moderately portioned, but a plate or two per round of drinks should keep you more than satisfied. Binchoyaki seeks to be a Northern California bent on an Izakaya, so while it most definitely keeps Japanese beer on tap, and the authentic Binchotan (maple charcoal) is fired up on the smokeless grill, at the same time they are not afraid to throw some soul music on the speaker system and use French or European influences in a dish. Plus, they are using locally sourced and organic ingredients whenever possible, which here in our farm-to-fork capital is very much appreciated. The food is delicious and the sense of shared experience is too.

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Here in Sacto we have great Japanese food, but admittedly, mostly sushi. At Binchoyaki you get more eclectic Japanese offerings, ordered either from their grill menu, which burns between 1000-1500 degrees, or from their kitchen menu. If you need help ordering, Faith, our super knowledgable server, offers suggestions and answer questions about the dishes, happy to share methods, ingredients, and history when asked. You’ll also get a little insight into the preparation of your food watching the barbecues just on the other side of the low bar being expertly fanned while the various skewers of meats and veggies are flipped, added, and removed, some after 30 seconds and others not for 20 minutes. It would take a minimum of 6 months, Craig later estimated, to become merely a proficient Sumiyaki chef using those high-heat binchotan charcoals.

Owners Craig, originally from Sacramento, and Toki who is from the LA area, have been in “the industry” since even before the two met at the California School of Culinary Arts. In high-school Craig worked at Oto’s Maket on Freeport Boulevard as a fishmonger, butcher, and deli manager. Both Craig and Toki have culinary degrees, impressive resumes, and years of experience which give them a great depth and breadth of understanding in Japanese cuisine. After meeting 16 years ago they continued gaining experience in various fine dining restaurants, large hotels, and clubs, even serving celebrities such as Tom Cruise among others. Their lifestyle changed, however, in 2009 when they moved to Sacramento to start a family.  After having been headhunted to open 300-seat restaurants, world travel, and rubbing elbows with the rich and famous, he is happy here in Sacramento with his comparatively smaller locale. The goal is now to bring alive a variety of food and culture that has not been available to Sacramentans since the disappearance of a prosperous Japantown. And we are happy they have!

Binchoyaki is closed Sunday and Monday. Lunch is served Tuesday-Saturday 11am-2pm with Dinner from 4pm-10pm. They are open late on Friday and Saturday until Midnight!

Binchoyaki is closed Sunday and Monday. Lunch is served Tuesday-Saturday 11am-2pm with Dinner from 4pm-10pm. They are open late on Friday and Saturday until Midnight!

For Craig, one of the greatest revelations after having been in business for almost a year here in Sacramento is how supportive other restaurants and managers from other places have been. “This is my first restaurant; my first time around,” muses Craig, “And it’s nice to have a group of people in Sacramento where not everything is competition.” He recognizes that our cultural identity here is different from that of the Bay Area, and that of LA, and believes in helping Sacramento create great food, whatever the variety, with a strong sense of camaraderie. At Binchoyaki, the expert ownership and the importance placed on countless tiny details amount to a concept as bold and basic as “Good food made well”, which, when it comes down to it, is as authentic here on the corner of 10th and W as it is novel.

 

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A Duke, A Prince, A Year In Review

A Duke, A Prince, A Year In Review

By Alisa Chatham Sakowitz

In like a lion, out like a lamb?  

Not really.  Last year came in like a lion and went out like a bull.  An old-fashioned Market bull.  2017 seems to be off to a kinder and gentler start but 2016 wasn’t actually all that bad in the Markets. Culturally speaking – it was a different story.  

While the Markets started 2016 off with the worst start to a year in Market history 1, we also saw the loss of pop icons such as music legends David Bowie, Glenn Frey (The Eagles), actor Alan Rickman (among the best bad guys of all time from the “Die Hard” series of movies to Harry Potter’s Professor Snape), Supreme Court Justice Antonin Scalia, author Harper Lee and former First Lady, Nancy Reagan.  2016 seemed not to be shaping up very well.

Markets were down 11% 2 by February 11th, 2016.  Oil traded under $30 per barrel and the world economy seemed perched on a precipice.  The lion roared in and scared away all the lambs.  (We could say the bear growled in but, technically, in Market-speak, the indexes need to be down over 20% for the decline to be called a true bear.  That and, around here, we don’t want to invoke old Ursus unless we have to.)  

After the sun came out and Markets began to reverse course, the loss of those who contributed to our society’s enrichment continued.  Patty Duke and Debbie Reynolds.  Prince and Merle Haggard.  Gene Wilder who kept his illness a secret from the world because he never wanted to mar a child’s memory of him with a picture of anything other than happiness.  Fidel Castro and Eli Wiesel.  Carrie Fisher.  Arnold Palmer.  

All of this caused us to really think hard about the good things that happened in 2016.  As it happens, the Markets and the economy are among the brightest spots.  From the lows of February 11th through the last trading day of the year on December 30th 3 the Market returned 22.4%.  That qualifies as a verifiable bull!  Not many, if any, of the experts were predicting that kind of an outcome but the Markets 4 hit a record high, wages rose and unemployment was at the lowest levels seen in 9 years5.  

It can’t always be all about markets and the economy, so what else happened in 2016 that we can point to as a positive?  Well, astronomers discovered evidence of a 9th planet.  World hunger was at its lowest levels in 25 years and the Giant Panda was officially removed from the Endangered Species list6.  

The roller coaster ride of 2016 is another reminder of why we stay invested, why we allocate assets across different types of investments and why we utilize the thinking of different experts.  The Market is a great purveyor of surprise and this year only cements the need to stay focused on the positive.  One never knows when the bull will buck his head up!  


Commentary written by Alisa Chatham Sakowitz, Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS). Securities products and advisory services offered through PAS, member FINRA, SIPC. Financial Representative of The Guardian Life Insurance Company of America (Guardian), New York, NY. PAS is an indirect, wholly-owned subsidiary of Guardian. Opinions, estimates, forecasts, and statements of financial market trends are based on current market conditions and are subject to change without notice. References to specific securities, asset classes and financial markets are for illustrative purposes only and do not constitute a solicitation, offer, or recommendation to purchase or sell a security. S&P 500 Index is a market index which focuses on large-cap segments of the U.S. equities market.  Indices are unmanaged and one cannot invest directly in an index.  Past performance is not a guarantee of future results. 2017-34472 Exp 1/18

  1.  http://www.marketwatch.com/story/dow-set-for-triple-digit-drop-as-oil-breaks-under-30-2016-01-15
  2. http://us.spindices.com/indices/equity/sp-500  (supplemented with First Data information)
  3. As measured by the S&P 500 Index
  4. As measured by the S&P 500 Index
  5. https://www.washingtonpost.com/blogs/post-partisan/wp/2016/12/21/16-good-news-stories-of-2016/?utm_term=.102d779a0b84
  6. https://qz.com/865623/99-good-things-that-happened-in-2016-from-ebola-leaving-west-africa-to-saving-the-mantees/

Game, Set, Match... Double Match!!

By Nicky Park with Jamie Worrall

It seems like everyone I know right now is talking about or thinking about buying a home! Apparently the market is “hot”, whatever that means. Recently I got a chance to sit down with Matthew Cole who is a branch manager at Guaranteed Rate Mortgage Company and came out with an actual viable game plan thanks to a 1% down conventional loan product called the Double Match Grant Program.

First, here’s a little more about Matthew:

His favorite part of the job is helping people who thought they could not buy a home. (Well, that’s me!) As Matt called us “buyers who have a tough time saving money”. I appreciate the empathy, because in addition to the crazy rents in midtown and my school loan payments and of course LIFE, I can’t put away as much as I’d like to.

How can a branch manager in finance be so sympathetic? He’s been there. Matt and his wife Fallyn have four children, (one a newborn!) two dogs and a cat. He’s a master at striking a balance between investing in the future (whether that be saving for an additional college fund or saving for a big professional expense at the office) and living in the moment. “We do a lot of things as a family,” Matt says, and he truly believes that an active life does not have to be incompatible with one’s financial goals and homeownership.

Here’s where the Conventional Double Match Mortgage comes in. If you qualify you can get a conventional home loan and only have to put 1% down. The remainder of the 3% down payment will come in the form of a grant that doesn’t need to be repaid to anyone ever! Depending on the location of the home being purchased there may not even be any income limits as to who can qualify for the program. I’m a first time home buyer but second and third-time home-buyers are welcome to this party as well!

Yes, there are other programs that might be a better fit for others with a large savings account, but I am not one who has 20% of the purchase price just tucked away. If you don’t want to be “house poor” let Guaranteed Rate help you “keep money in your pocket” as Matt puts it.

Matt has been doing the mortgage (and family) gig for fifteen years now, and sees patterns and shifts in the market that I have just begun to take interest in, so I appreciate his experience. From what I hear, Sacramento has some seriously low inventory, and interest rates that might go up as the market changes under a new administration. All in all, Matthew Cole knows his stuff, and he is here to help!

Hope Springs Eternal

Hope Springs Eternal

By Corey Rodda 

    The trendy neighborhood of Oak Park has eye candy for anyone to behold — antique mansions, line houses and knotted sycamore trees make up North Oak Park where Old Soul Co., Naked Coffee, Oak Park Brewery, the Oakland grown La Venadita Taqueria and the Brickhouse Art Gallery have started to attract hipsters and investors. Further south, Central and South Oak Park offer a neighborhood oasis where the stars shine bright at night and palm trees climb to soaring heights.  

Valentine's Day cards lovingly made by Wellspring guests are on sale at the McGeorge School of Law. Proceeds go to Wellspring's Art of Being program which offers art therapy, crafts, sewing classes and a weekly make-it and take-it craft club to every woman in the Sacramento community free of charge.

Valentine's Day cards lovingly made by Wellspring guests are on sale at the McGeorge School of Law. Proceeds go to Wellspring's Art of Being program which offers art therapy, crafts, sewing classes and a weekly make-it and take-it craft club to every woman in the Sacramento community free of charge.

    But, beneath all the glitz and glamour of Oak Park is an urban community in transition and Wellspring Women’s Center, tucked away behind the Broadway Triangle in an antique pink-painted firehouse, has seen it all. A black panther shoot-out once occurred at the old Firehouse which is now known to long time Oak Park residents as a community gathering spot that has offered women and children a haven from the auspices of poverty since 1987.  

Fresh cut flowers donated by Relles Florist adorn every breakfast table at Wellspring Women's Center. They are part of Wellspring's mission to serve it's guests in an atmosphere of "hospitality, dignity and love."

Fresh cut flowers donated by Relles Florist adorn every breakfast table at Wellspring Women's Center. They are part of Wellspring's mission to serve it's guests in an atmosphere of "hospitality, dignity and love."

    Each weekday morning, Wellspring serves a nutritious breakfast to about 200 women and children in an atmosphere of hospitality, dignity and love.  As well, the Center offers social work services, art therapy, sewing classes, chiropractic services and dispenses diapers, sanitary pads and hygiene products. 

    Wellspring was founded nearly thirty years ago by Sister Catherine Connell and Sister Claire Graham who set out to create a breakfast spot that was clean, bright and beautiful where women could come to value themselves through the experience of being valued by others.

    In the Center’s salad days, Sister Claire and Sister Catherine would clean guests homes after they closed Wellspring for the day. While on their house visits, they took stock of what the guests needed and started to offer them diapers, sanitary pads, hygiene products and greeting cards.

    Reliant solely on private funding, the Center requests no qualifying information from its guests before they can access its services. Over the past thirty years, Wellspring has evolved to serve it’s guests’ needs.

      Fresh cut flowers and tablecloths adorn every table and the center’s walls pop with art and photographs. An old fire pole near the center’s kitchen has been transformed into a sculpture crafted out of pastel flower coffee filters. 

The center occupied other storefronts before moving to its current location and has operated out of this historic firehouse in North Oak Park since the mid-90s.  A black panther shoot out once occurred from the Firehouse's hose tower. 

The center occupied other storefronts before moving to its current location and has operated out of this historic firehouse in North Oak Park since the mid-90s.  A black panther shoot out once occurred from the Firehouse's hose tower. 

    Wellspring serves as a social gathering spot — a place where isolated seniors, women with mental illness, mothers and grandmothers can listen to each others stories and be a part of each others lives.  Seasonal celebrations supply guests with fond memories to earmark the passage of time. And birthday gifts and bassinets given to new mothers reveal to guests that they are loved and honored. In the children’s corner where supervised playtime is offered during breakfast hours, children are exposed to guests and volunteers who shower them in compassion even if their home-life is fraught with dysfunction. 

    The breakfast spot is a beacon of radical acceptance — no guests are ever banned from Wellspring and for some women, Wellspring is their only access point for food and shelter.  Wellspring embraces those who are most marginalized and creates an environment where everyone no matter race, creed, class or background is blanketed in compassion, support and love. Wellspring is a model of community revitalization and proof that we heal together. Perhaps the Center’s most profound impact is giving its guests reason to wake up in the morning. 

Wellspring, currently dressed up for Valentine's Day, is decorated for every holiday and provides its guests with celebrations to look forward to each season.

Wellspring, currently dressed up for Valentine's Day, is decorated for every holiday and provides its guests with celebrations to look forward to each season.

        To learn more about Wellspring please visit the Center’s website and read Tales from the Heart of Wellspring: Stories Collected and Shared at Wellspring

~Corey Rodda is a marketing consultant who is passionate about social justice. She happily resides in Oak Park, Sacramento.

Hello 95819 Friends!

Hello 95819 Friends!

Here's a look at 2016 in 95819!

--By Michael Glascock

This graph clearly illustrates with oh-so-vibrant colors a truly far from vibrant market for buyers. Though active listings have increased in the last 30 days, the desire and demand to live in 95819 outweighs the opportunity.

Graph #2 offers a grand perspective on price per square foot. This only goes to show what happens when inventory dwindles...

This glacial perspective shows truly how much of a seller's market it is in 95819!!! Six months of inventory is considered an even market... and here we are looking at just over two-thirds of a month! If you are living in the 95819... things are more than fine.

***Should you have any further questions or desire any more colorful and informative charts and graphs, feel free to contact me at any time. I'm never to busy for your referrals!***
Onward & Upward,
Michael

A Look at '16 in the 95818

A Look at '16 in the 95818

Hello to our dear friends, clients, livers and lovers of all that is 95818! Here is a year of data for your perusing pleasure. Should you have any questions regarding these graphs, or any other market inquiries please don't hesitate to reach out. That's what we are here for!

This first graph clearly shows that there's not much out there for buyers to choose from. It's an extremely light inventory!

Graph 2 only further supports the case of heavy rains and light listings!

Graph 3 shows if you list it... it won't last!!! Only going to show...

THIS IS THE TIME! BE A PART OF IT!

NEW YEAR 411 IN THE 95822

Hello to our dear friends, clients, livers and lovers of all that is 95822!

Here's a look at '16 in '17 in the 95822. Should you have any questions regarding these graphs,  any other sales or value information don't hesitate to reach out. That's what we are here for! See you in the 95822!

Onward & Upward,

Michael

Graph 1 shows us it's a game of follow the "lister".

Graph 2 shows pretty close to perfect on the sale price. If you list it, they'll not only come... they will pay!

And then Graph 3 supports the reason why... IT'S A SELLER'S MARKET!

The Art of Giving

The Art of Giving

By Jamie Worrall

Friday, November 17th was National Adoption Awareness Day, and so, at the suggestion of our friends at Heart Gallery I stopped by the California State Capitol building  to listen as name after name after name of the 33,000 children currently in the California foster care system were spoken for. As the flyer for this annual event states, “Each year we pause our busy lives long enough to speak the names of thousands of California children who are waiting in foster care for a family that will love them and let them stay.” To get through the huge stack of names of California’s fostered youth this year took approximately six consecutive hours!

Behind the podium where each public official, legislative staff, adoptive/foster parent, or youth advocate stood to “give a voice to the voiceless” there were large portraits of Duivan age 7, Violet age 10, and brothers Carmelo age 9 and Xavier age 12. These full color, larger than life images were able to lend bright beautiful young faces to this somber event. These adorable little boys and girls are only identifiable by first name due to court order, but are available for adoption here in Sacramento county. The hope is, that one image may catch the eye of a prospective adoptive parent… or perhaps a sponsor, or a volunteer. The more visibility these children are given the greater the chance for them to “strike gold” or find their forever home.

Heart Gallery is a nonprofit here in Sacramento founded by Rosemary Papa in 2005, who together with Stephanie Lynch and Terry Kessler were inspired by the success of similar programs in New MexicoNew York City, and now in almost 100 other cities and regions throughout the United States. Heart Gallery and their volunteers photograph adoptable foster children with the same dignity and respect that professional photographers would give to a celebrity so that it truly captures the spirit and personality of each individual child. Otherwise, in the state’s adoption catalogues, adoptable children are represented by tiny snapshots and not given the space nor time to be unique. However, if you’ve ever believed in the power of a simple act of caring or the importance of art and color to inspire change, take a look at these photographs.

Heart Gallery has no brick and mortar location in which to display these hopeful faces. Current president Mary Tarro, with the help of two fellow officers, an active board and supportive friends-of-the-board work to fund and produce a dozen or so portraits each year which are professionally printed and mounted. From there the next task is to prominently display the portraits to increase awareness. And as we say in real estate it’s all about location, location, location! In this case visibility and a well-informed public ultimately lead to a greater percentage of successful adoptions. The stats speak for themselves. The Sacramento county kids who have been featured in our Heart Gallery so far total 160.  73 have since been adopted and these are exclusively children considered “harder to place” simply because they are older, members of a sibling group or have special needs.

If you are at all interested in becoming an adoptive parent in Sacramento County please get involved! There are adoption resources available or of course if you are interested in fostering or sponsoring but don’t know where to start check out the “contact us” page and let Heart Gallery help point you in the right direction!

There are also multiple events each year including the Spring Brunch, which is a great event to attend if you are interested in eating while getting to know more! It takes place at Plates Cafe Restaurant in May. Contact the Heart Gallery at 916.217.1552 to stay in the know! And at the very least, if this cause is a cause you believe in, please share via social media!!!

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The Merlin of $$

By Danny Ponder

Rates are up!  The mortgage rate jump seems to be holding and not coming back down.  Pre-qualifying rates for clients before the elections were in the mid 3’s and now in the low 4’s making a payment for a $300,000 loan increase roughly $130 monthly.  Some clients who pre-qualified in October are now looking at lesser priced homes due to the rate and payment increase.  Rates have been historically low due to government intervention bond buying programs and global economic events.  The shift has begun.  All indicators are showing a strengthening US economy with translates to future higher mortgage rates.  It’s not all doom and gloom or the end of the world, we are still in a low rate environment and opportunities will always be available to the well informed.

We have been through these cycles before and watch for lending products to adjust accordingly to accommodate the lending markets.  Not to say we will go back to the days of stated income or negative amortizing loans but you may see hybrid loan products with fixed and adjustable terms become more popular.  Talks of privatizing Fannie Mae and Freddie Mac may also see the end of the most popular lending product, the 30 year fixed loan.

Published reports regarding appreciation in the local Sacramento and surrounding markets are projecting values to increase between 5%-7% in 2017.  Great news for sellers, but what about the buyers?  With interest rates on the rise, this could put some buyers on the side lines or require more money for down payment.  It all comes down to affordability.  Affordability is the sweet spot where rates, values and buyers meet.  If we see housing appreciation and rates increase, then the affordability index will shift to the negative.  The lagging component locally is job growth and higher wages.  Timing is imperative if entering the housing market or considering to sell.  Now more than ever, you need to work closely with your trusted real estate advisors.

A Peek inside!

A Peek inside!

So you want to do a remodel?

By Geoff Black

I’ll admit it, I’m a bit OCD. After living in our home for 10 years, we finally decided to take the plunge and remodel our kitchen….(area). So I threw myself into the project. I had no clue what I wanted. I just knew we hated our kitchen from the day we bought our home. And I had no idea how to go about doing it. I was off to a great start!

Luckily I have a Black Belt in internet research (OCD comes in handy sometimes). So I opened a Houzz account and proceeded to ooh and aaah over all the beautiful photos. Photos that don’t include a price tag remotely close to reality. Lesson number one, make sure you’re realistic with the cost. I looked and looked for months. About the time I was well over the legal limit for a middle aged guy looking at kitchen cabinet details, hardware, faucets, nuanced floor stains, wall colors and appliances, I finally had a general idea what I wanted. Ran it all by the Mrs. and she shot it all down. Back to the drawing board, repeat several times, and eventually settled on the majority of the “look and feel” ideas. Note to all husbands about to embark on a construction project: No matter what, you can never have enough cabinets, a big enough island, counter space or enough cold storage.

Before...

Before...

Before...

Before...

So I solicited my friends and started calling their contractors. The good ones who returned the call said “yeah you need an architect or an engineer and a designer”. I hadn’t expected that expense, apparently nobody does. It’s okay, they refer to this as a “soft cost” so I guess it’s not like real money. Fast forward 6-WEEKS after my first call to 3 designers, one called back. And we whipped through the design inside of 2-weeks. Because as I mentioned, I’m a bit OCD and I’d already drawn out the majority of the layout, cabinet proportions and counters (about 50 times) while I was hunting/waiting for a designer. 6 weeks later we received our finished plans. Pro-Tip, if you hire a designer/architect or just an engineer, get several (like 10) copies of your plans. Everyone wants a copy and nobody will return them. Our designer did a good job and I would suggest everyone hires one for any project involving re-configuring a space. It ended up being worth every penny in gained space and logistics. However, a “Kitchen Designer” does not necessarily mean they will help with color and finishes. That’s typically an Interior Designer. So be prepared to hire another person unless you know exactly what you want.

I’d been chatting with a few contractors and had a good idea of who I wanted to work with. I’d also pre-selected every single finish material, fitting, door, knob, faucet, finish, color, sink, hinge, cabinet makeup….everything. You name it, I had it nailed down. Why did I do that? Because I wanted a total bid that was as accurate as possible. My biggest fear was to simply run out of money. Or realize I could not afford the remodel I set out to do. I felt the key was to go with whomever I could plainly communicate with and of course, trust. Unfortunately that contractor’s bid was so vague, I mean really vague. As in a bracket of 50% total price deviation. Which I found very frustrating since I had already selected and therefore had pricing on all of the finishes. So I hired Contractor #4 who was new in town and just finished an incredible home for a friend of mine. We could communicate and he understood the aesthetic I wanted. Which is a big deal. And his attention to detail and zero tolerance for poor workmanship sealed the decision. As a bonus, the job site was cleaned up daily. I’d finally found someone else who shared my disdain for clutter!

I also struck gold with the cabinet company. I called several, and because everyone is so busy, only a few returned the call. I ultimately settled on a company whom a client of mine had used and gave a glowing endorsement (he’s OCD too). Many projects are run with the contractor as the go-between with the cabinet designer. Personally I cannot fathom spending that kind of money (cabinets are expensive) for something where the durability and the ergonomics are extremely important. The cabinets are the primary feature of how your kitchen will function. And having a middle person relaying the information and the risk of compromised information just wouldn’t work for me. Once again I wanted to know exactly what I was spending 10’s of thousands of dollars for. Also, I wanted to nail down the cabinet cost before we embarked. Not all cabinets are created equal. Sure there are a few primary construction makeups. But the fit, install, finish, material all make a difference in the look and feel and final price. I didn’t go with the cheapest company out there, I went with the company I trusted to deliver exactly what they promised. And they certainly did! 

I had not been involved in a construction project before so this was my official hazing. I’ll spare you all the details and just offer a few highlights. The project was finished within 3-weeks of the projected timeline, including a lengthy detour to reinstall the hardwood flooring because everything was pre-selected. There weren’t any hold ups while we agonized over any decisions. I’ve found this is where many projects get derailed. Because of extensive research and knowledge of pricing, the job was done within 3% of the original estimate.

My biggest tip to give anyone is research like crazy. And shop like crazy. Not necessarily for the “best deal out there”. But just so you know exactly what you are paying for. When was the last time you chose a pocket door track? Yeah me neither. Most people wouldn’t care. But I learned I wanted one that would last a lifetime and has a soft-close feature that my kids couldn’t destroy. I knew I wanted that door to be a solid door to suppress noise from the laundry room, I knew I wanted the interior walls insulated to suppress noise further. One quote for a pocket door track was $550 for a far inferior track. Simply because that’s all one local retailer carried. I ended up purchasing a superior one for $300. Another example is when we removed the fireplace someone had inexplicably installed in the kitchen and we replaced it with a 10ft door for more light. The pricing variance for the same construction, aluminum clad exterior door, was absolutely staggering. Not just a little. For example, I requested 3 quotes for the same exact spec/brand door and received quotes that were up to 45% apart. Not the install. Just the door itself.

Most people aren’t interested in this kind of detail, unfortunately I’m not able to just waive my arms and say “yeah I’d like a white kitchen in this space, let me know how it turns out”. For those who can do that, I envy you a little bit.   

Dan Hines & Scott Raymond Know Their Stuff!

Dan Hines & Scott Raymond Know Their Stuff!

Sacramento is experiencing the strongest rental market it has seen in years!

By Dan Hines & Scott Raymond

 It is definitely a good time to be a landlord investor in Sacramento, not so much if you are a tenant.   According to Axiometrics, a leading real estate research firm, Sacramento is in the top five nationally in some very respectful statistics including year over year percentage rent growth, lowest vacancy rates, highest tenant demand and lowest new construction of units coming on line.   In fact, Axiometrics reports that Sacramento has now realized eight consecutive months as the market with the highest rent growth in the nation.

 The Downtown / Midtown market in particular is the hottest of all submarkets in Sacramento boasting an average vacancy rate of 4.1% and average Asking Rent for Class A properties of $2,245.   With very little new construction, some of the brand new marquis projects such as 16 Powerhouse, Legado De Ravel and Eviva have experienced overwhelming demand and record rents.   16 Powerhouse, as an example, reached 100% occupancy within just a few months of opening and has average rents of over $3,000 and $2.89 psf.

 It’s not just the brand new projects that are benefiting either   Many older properties throughout Downtown / Midtown which have undergone substantial remodels are being rewarded by tenants with record level rents never seen before for older projects.   Properties such as The Q and The Elan are two such properties.   Both properties, managed by Raymond Management, originally built in the 60's and 70's had over $1M spent on them and underwent a significant transformation.   Rents went from $700 to $800 per month on average for one bedroom units to between $1,400 to $1,600.  

 At this time, the market shows no sign of letting up.  There is just too much demand for too little supply.  You can credit much of this to the explosive job growth in the health care industry, government and the education sectors.   In fact, at Raymond Management we estimate that at least 40% of our new tenants are transferring in from out of the area to take jobs within our market.  REIS, another research firm, predicts this tenant demand and to continue putting upward pressure on rents through 2020.   Sacramento, it seems, is finally turning the corner and becoming a very desirable region for employment and lifestyle, and consequently, a legitimate market for real estate investors for the foreseeable future.

www.raymondmanagement.net

www.raymondmanagement.net

CONTACT US

  • (888) 623-4480
  • (415) 873-1300
  • 2012 P Street, Suite 201, Sacramento, CA 95811

Post Election Note

Post Election Note

What does a “close race” mean?

By Alisa Chatham Sakowitz

In this case, it means that either party had a genuine and significant chance of actually winning.  Apparently world markets had once again become quite comfortable with a specific outcome. 

While the shock to Democrats last night was palpable, the shock to world markets could be quantified.  Index futures – which trade around the clock – topped their Brexit volatility and their post September 11th response last night with declines of nearly 900 points for the Dow.  What did we wake up to this morning?  Dow futures were still down about 200 points before the US Markets opened today.  What do we have as I write this?  The Market is up.  The Dow is trading up about 140 points.

Market responses seem to mimic this election cycle: full of violent ups and downs.  Last night’s futures response was pretty clearly a renewed Brexit fear – traders did not want to get caught twice within a five month time frame by surprise outcomes so they bolted for the exits.  This caused significant downdrafts in stocks around the world, oil, the US Dollar and an upswing in Treasury bonds.  We are in precisely the opposite position this morning – stocks are up, oil is flat to down slightly and Treasury rates are up this morning, meaning that bond prices are trading down a bit in value. 

How do we interpret this?  This appears to be no different than most election cycles – there is a knee-jerk reaction to an outcome and then reality settles in as the Markets return focus to normal valuation metrics: prospects for the economy, corporate earnings, inflation, etc. 

Nothing has fundamentally changed overnight.  The uncertainty of the outcome is now behind us and the job of governing is now on the forefront.  While presidents from both sides of the aisle like to claim responsibility for positive market outcomes, capital markets are truly independent and non-partisan.  Without dramatic, material interference in those markets, that will not change.  Markets will continue to focus on profitability and growth prospects. 

Inflation and interest rates can impact profitability and growth prospects.  That’s our next big news event as we head into the last months of 2016…what will the Fed do at their December meeting?  The market has priced in an increase in the Federal Funds Rate but change and the news cycle are our only true constants!

As always, we maintain our long term, diversified approach to investing.  Should you have any questions or concerns, please do not hesitate to be in touch. 

May this season be treating you and your families well.

Alisa C. Sakowitz

Financial Advisor

Park Avenue Securities LLC., Pacific Advisors

20 Bicentennial Circle, Suite 100 

Sacramento, CA 95826

P. 916.379.0200 Ext 7241 FAX 916.379.0800

Pacific Advisors, LLC.  Park Avenue Securities, LLC.

Registered Representative & Financial Advisor of Park Avenue Securities, LLC (PAS) 20 Bicentennial Circle, Suite 100 Sacramento, CA  95826 916-379-0200 Securities products/services and advisory services offered through PAS, a Broker-Dealer and Registered Investment Advisor, member FINRA, SIPC. PAS is an indirect wholly owned subsidiary of The Guardian Life Insurance Company of America (Guardian), New York, NY.  Insurance Products offered through One Pacific Financial & Insurance Solutions LLC, DBA of Pacific Advisors, Inc. Pacific Advisors, Inc. is not an affiliate or subsidiary of Guardian. Pacific Advisors LLC. Pacific Advisors LLC is not a Registered Investment Advisor.  CA Insurance License #0C75476

 

This material contains the current opinions of the author, but not necessarily those of Guardian or its subsidiaries and such opinions are subject to change without notice. Opinions, estimates, forecasts, and statements of financial market trends are based on current market conditions. We believe the information provided here is reliable but should not be assumed to be accurate or complete.  References to specific securities, asset classes and financial markets are for illustrative purposes only and do not constitute a solicitation, offer or recommendation to purchase or sell a security.  This material is meant for general informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. Dow Jones Industrial Average is a widely used indicator of the overall condition of the stock market, a price-weighted average of 30 actively traded blue chip stocks, primarily industrials, but also includes financial, leisure and other service oriented firms. Indices are unmanaged and one cannot invest directly in an index.  Past performance is not a guarantee of future results. 2016-31420 Exp 12/16

Donkeys versus Elephants – What does this election cycle mean for Markets?

Donkeys versus Elephants – What does this election cycle mean for Markets?

By Alisa Chatham Sakowitz

Don’t get nervous!  We aren’t going to weigh in... just share a few thoughts about what this election year might mean for the Markets.  

There are encyclopedic volumes worth of articles about the effect that presidential elections have on Markets and there is a lot of curiosity about it. The factors are nearly endless but they’ve all been studied: what happens in a first year of the cycle, the second year and on, whether the elected president is a Republican or Democrat, which party dominates the Senate or the House and all of these combined.  Just looking at the numbers, the Market’s performance tends to lag in election years versus all the others.  According to Sam Stovall, US Equity Strategist at S&P Capital IQ, the fourth year of the presidential election cycle since 1948 averages an increase of 6.1% versus 8.8% in all years. This does not include dividends.1 There’s probably one easy explanation for that – and you may notice a theme – the Market does not like uncertainty.  

Those who participate in the Markets are so desperate to find patterns in Market behavior that there is even a Super Bowl Stock Market Predictor.  The theory was put forth in the 1970s and states that if a team from the AFC wins, the Market (as measured by the S&P 500)2 will decline.  If a team from the NFC won the big game, the Market would increase.  The theory had never been wrong until right around the time it was pointed out.  It has been correct about 80% of the time.  

What we do know with certainty is that the Market reacts to daily inputs.  Some days it reacts to comments from politicians.  Some days it ignores them completely.  Even when we see temporary effects from comments made or actions taken, those effects tend to dissipate pretty quickly.  There do not seem to be any permanent or long standing effects on the Markets from elections or politics.  

Looking at the total return from each four year period from 1936 through 2004, the returns are virtually neck and neck during Republican and Democrat administrations.  The average return of the Dow Jones Industrial Average (DJIA) under a Democratic administration was 29.14% over four years.  The average return of the DJIA during the same period of time under a Republican administration was 31.22% over four years.3 2008 is being excluded from many analysis because of the dramatic recession that came to light in that election year and 2016 is just a bit shy of being one for the books.  

DJIA Price Return 4 Years after Election

DJIA Price Return 4 Years after Election

It is a constant quest to see if the Market will divulge some reliable pattern.Whether it’s based on politics or the Super Bowl or anything else, statisticians and strategists are always digging through more and more complex combinations of data to see if there is some predictability buried deep down in the depths of stock market performance.  The short answer is, there doesn't appear to be.  

There are no reliable patterns in Market behavior, as it relates to elections, and as Leonard Koppett demonstrated with the Super Bowl Indicator, some theories work until they suddenly just don’t work anymore.  So, what are investors to do in the midst of all the election hubbub?  Remember that politics tends to have a fleeting effect on Markets.  Invest in a diversified portfolio that meets your risk tolerance and needs.  Also, we should keep in mind that we are all Americans.  Donkey or Elephant, we are all Americans.  

1 Market Watch, “2016 Predictions: What presidential election years mean for stocks”, Watts, Dec 29th 2015.

2 Wikipedia, Super bowl Indicator

3 SEI, Commentary “Presidential Elections and the Stock Market”, Oct 24th 2008.

 

Alisa Chatham Sakowitz has been a Financial Advisor for over 17 years. She has an undergraduate degree in Creative Writing from the University of Arizona and an MBA from UC Berkeley’s Haas School of Business. After a long career with Morgan Stanley, Alisa joined her family in their advisory practice at Park Avenue Securities. She lives in Sacramento with her husband who is a photographer, their two young sons and a Great Pyrenees named Sprocket. Their lives are happily full of work and play.

 

This material contains the current opinions of the author, but not necessarily those of Guardian or its subsidiaries and such opinions are subject to change without notice. Opinions, estimates, forecasts, and statements of financial market trends are based on current market conditions. We believe the information provided here is reliable but should not be assumed to be accurate or complete.  References to specific securities, asset classes and financial markets are for illustrative purposes only and do not constitute a solicitation, offer or recommendation to purchase or sell a security.  This material is meant for general informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. Tables are for illustrative purposes and are not intended to suggest a particular course of action or represent the performance of any particular financial product or security. Dow Jones Industrial Average is a widely used indicator of the overall condition of the stock market, a price-weighted average of 30 actively traded blue chip stocks, primarily industrials, but also includes financial, leisure and other service oriented firms. Indices are unmanaged and one cannot invest directly in an index.  Past performance is not a guarantee of future results. #2016-30275 Exp. 10/18

 

Lights, Camera... Tower!

Lights, Camera... Tower!

Written by Katie Rubin

I don’t tend to be someone who goes in for nostalgia.  In general, I’m pretty “Meh” about the past.  I prefer new things.  I’m into the energy of the future, of possibility, of clean lines and modern design.

So, generally speaking, when folks begin to wax nostalgic about any type of “good old days,” while I certainly don’t have anything against people partaking in what they enjoy, I tend to nod off a little, maybe expel a bit of drool into my double shot of espresso with a splash of steamed almond milk and a teaspoon of honey (in case any of you are looking to buy me a clean-lined, contemporary beverage).

I’m just kind of like that.

Now, I understand if you’re an old-timey kind of lass or chap.  I even understand if you need to dislike me for being into new, sparkly, modern-day stuff.  BUT!  Before you kindle any rage for my kind, let’s sit together at the metaphoric fire pit, shall we?  Let’s pass the theoretical talking stick around the circle of our seemingly disparate ways, and discuss a topic we might actually be very much aligned about:  The Tower Theatre.

I love The Tower Theatre.  And it is as Blast-From-The-Past-y as they come.

Tower Sacramento 1942 - From the Collection of Jack Tilmany

Tower Sacramento 1942 - From the Collection of Jack Tilmany

In writing this article, I spoke with several people who had less than favorable thoughts and feelings about all those “spectacle-driven features you see at the big multiplex cinemas today.”  And while I do love a well-crafted film, I’m also not above a good Matrix, Iron Man, or Bourne Identity Action flick.

That being said, when the moment arises that my artistic senses demand something more subtle, more refined, more sensitive…  Where do I go?  Why, The Tower Theater, of course!

Matias Bombal knows how I feel.  

The man who many of you know as “that-guy-who-does-those-black-and-white-intros-to-the-previews-that-play-before-the-movies” at the Tower, has been connected to the movie biz in one form or another since he got his first job at The Tower at the age of 17.  He started there as an usher in the 1980's, then moved to working at the Crest Theatre where he instituted the practice of playing classic movies, with, as he says, “a newsreel, a cartoon, a serial, and uniformed ushers with pillbox hats” helping you to your seat.  

Photo Credit: Center for Sacramento History

Photo Credit: Center for Sacramento History

“We did that,” he says with great and well-earned pride, “and it captured the public’s imagination!”  Since then, he’s managed theaters, opened theaters, taught folks how to run film projectors in theaters, introduced movies at a TV Station, promoted events at theaters, and now writes movie reviews for numerous in-print and online publications in the greater Sacramento area.  

This is a man who loves movies. This is a man, you guys, who, when he talks about movies, or the movie business, or the switch that you flip in the tiny room you sit in when you’re running a movie projector, LIGHTS UP like a kid in a candy store.  When I asked him what his favorite part about the movies is, he said “The great joy for me is watching people watch movies.  At the movies, you create an environment that allows people to have a moment of fantasy or escapism or intellectual satisfaction.  But every single person has a different experience.  And I just love that.”

When I asked Matias what he loved about The Tower Theatre, in particular, he said “The attractions here skew to a more sophisticated, art-loving audience...  Furthermore, there is something singular that is a very Sacramento experience and that is a much more interesting thing than your average, run of the mill theater experience.” Having opened it's doors for the first time on Armistice Day back in 1938, The Tower Theatre has had to evolve many times since then to renew expired leases, to repair the iconic architecture, and to accommodate digital film as it did in 2012, allowing them to continue to show first-run films.

Photo credit:  Matias Bombal/  mabhollywood.com

Photo credit: Matias Bombal/mabhollywood.com

When you walk into The Tower Theatre, it’s like stepping into the elegance, class, and glamour of Old World Hollywood.  Perhaps that is why they are a coveted  venue not only for local premiers and art film events, but world debuts as well. The All Things Must Pass premier in 2015 brought Colin Hanks back to Sacramento with his fantastic documentary on the Tower Records empire which originated in a small corner of Tower Drugs.  Another large event was The Tower's 75th anniversary celebration where they screened the film Algiers to relive the very first feature shown at Tower.  Nowadays in the lobby of the theatre you can see photos of the past and present of this historic Sacramento landmark as well as informational text and memorabilia from its heyday.

The Hollywood that existed before... before Hollywood was just a factory for producing the largest, loudest thing.  The Hollywood that existed before their main aim was to create the greatest financial gain at the least imposing cost to the studio.   The Hollywood from… dare I say it…  back in the day.

Again, I’ll see the loudest, largest movie.  I’ll even enjoy it!  But I’d also like to have the OPTION to have a different type of cinematic experience if that’s what I’m up for.

In the 80’s, you had to think about it.  

“Hmmm, do I feel like a scary, Glen Close thriller tonight?  A thought provoking, emotional Spielberg epic?  An intelligent “Sneakers”-type venture?  A wacky “Ace Ventura” selection?”  

These days, it’s more like “Hmmm…  Aliens attack from another planet?  Or, machines attack from another planet…?  These are my only options?  I think I’ll just Netflix it again.”

And that’s what the Tower provides.  An OPTION.  An alternative.  A UNIQUE experience.  It’s nostalgic, sure.  BUT, it’s also not afraid to be different.

AND, did you know…?!

That inside the Tower Theatre there is a secret spot where you can stand, point your head toward the ceiling, talk, and be heard all the way on the other side of the building? That’s right! Matias showed me this secret trick that he learned lo, those many years ago, when he spent his weekend nights sweeping-up the place after everyone was gone.

Another fun fact for you:  One afternoon, Matias was crossing the street outside The Tower, only to be stopped in his tracks by an thunderous CRASH behind him.  The crash was so loud and imposing that he thought an airplane had crashed into The Theatre.  When he turned around, there The Tower stood.  Tall, stately and unaffected.  Like a mighty oak.  Like a towering behemoth.  It hadn't been crashed into at all.

Photo credit:  Matias Bombal/  mabhollywood.com

Photo credit: Matias Bombal/mabhollywood.com

Later, he discovered that the inner metal structure of the top portion of the building (that part that looks like the top chunk of wedding cake?), had collapsed internally.  It was eventually fixed, of course, but few people know, Matias told me in great confidence, his eyes lighting up again like the dewy eyes of a young deer, about to feast on a sweet patch of freshly mown grass, “that that portion of the building is basically hollow!  The inner structure is not a dense, filled-in, solid entity.  There’s almost nothing in there!  It’s just a bit of scaffolding!  Isn’t that incredible?”

I think so.

John Sittig, director of projection and sound for Reading International, gets the incredible-ness of The Tower, too.  

He is the current Man-in-Charge of projection and sound at The Tower.  John has been busy sharing his love of the movies since back in the 60’s when he was a Field Artillery man in Viet Nam.  His love of cinema blossomed as he saw the power that his outdoor screenings had to transport his fellow soldiers out of their harrowing circumstances.  (Um.  Can we say- How cool was he for doing THAT?!)

Since then, he’s been screening movies for us, scratch- error- and problem-free.  He takes great pride in being the last stop between the filmmakers and their audience.  “Without us, and without the theaters, all of [the filmmaker’s] hard work would be for nothing,” he says.  After all, movies were originally meant to be seen on the LARGE screen.  Not the small. 

John was instrumental in acquiring Quentin Tarantino's 70 mm roadshow edition of "The Hateful 8" . Both John and Matias, independent of one another, mentioned to me the pride they felt at being one of just 100 theaters to pre-screen “The Hateful 8.”  Matias even made a short film about the special 70 mm projector that was brought in to screen the film.  “Movies just aren’t shown that way anymore, so it was very exciting to be a part of that process.”

Both men mentioned, in my separate chats with each of them, the “social, communal experience” that is seeing-a-movie.  

And given that this modernist, futurist, action-flick-loving chick was brought together with two Nostalgia buffs in honor of this treasured venue, I’d say they’re right to recognize the power of movies to unite people.  

#Gettheetothetower

#It’scoolthere

#TheTowerTheatreRocks

#Whenwasthelasttimeyouwentothetowercuzit’ssuperawesometherenobutseriouslyImeanit
 

This story was brought to you with the generous support of Matthew Cole and Team at Guaranteed Rate Mortgage:  Please visit their site for more information:     Matthew Cole     Branch Manager     matthew.cole@guaranteedrate.com      www.guaranteedrate.com/matthewcole     o:  (916) 844-2892  - m:  (530) 682-4092  - f: (872) 206-4229     2425 Fair Oaks Blvd Ste 5, Sacramento, CA 95825 NMLS ID: 633188

This story was brought to you with the generous support of Matthew Cole and Team at Guaranteed Rate Mortgage: Please visit their site for more information:

Matthew Cole

Branch Manager

matthew.cole@guaranteedrate.com

www.guaranteedrate.com/matthewcole

o: (916) 844-2892 - m: (530) 682-4092 - f:(872) 206-4229

2425 Fair Oaks Blvd Ste 5, Sacramento, CA 95825
NMLS ID: 633188

The Great Rate Debate

A picture is worth a thousand words! So, just what are we looking at? This is a chart showing the yield on the 10 year US Treasury Note back to 1962. We’re going to refer to the yield as the interest rate for the purposes of this article. Some of us are into charts. Others, understandably, are not. In short: interest rates are as low as they have ever been. Ever. 1

Why is this important? The rate on the 10 Year affects anyone who wants to borrow money, ranging from corporations to all of us on proverbial Main Street. It is a key rate that helps determine borrowing rates for everything from car loans to mortgages to corporate bond issuance.

Many of us have become homeowners in a time when 5% seems like a normal mortgage rate. That is even considered high right now for those with stellar credit. Given that figures on the chart range up to nearly 16% and mortgages include a “spread” above the 10 Year rate – that’s pretty amazing. Many may remember mortgage rates in the early 1980s when a prime borrower was rewarded with a whopping 18% rate, plus points. Note that Everest-like peak in the chart from 1980 to 1986. Even as we consider the possibility that rates will head north, we are still in a historic, phenomenally low interest rate environment.

Many believe these low interest rates helped to drive real estate values. Real estate prices are supposed to move up and down – perhaps in response to movements in interest rates and in conjunction with other economic factors. Borrowing rates fluctuate too but, going back to the chart again, we are likely in the midst of multi-generational lows in interest rates. Our grandchildren may not even see rates this low in their time. It is extraordinary.

The trends around this could be debated for eons by market participants and academics but what do we do? What’s the prudent thing to do for those of us just trying to make good financial decisions in this environment? We hold long term, fixed rate debt.

By no means are we suggesting over-extending. We’ve all seen what happens when the world goes debt crazy, a la 2008. (Again, insert endless academic debate about cause and effect, prolonged low rates, etc.) That said, if you’re questioning whether to finance something, particularly a big purchase: taking down long term debt at fixed rates makes more sense now, based solely on rates, than it ever has.

This is also why we’ve seen record levels of corporate debt issuance this year.2 Corporations know it’s prudent to borrow money now and lock in their costs at these extraordinarily low rates. The list of issuers just this year is huge: the legendary Berkshire Hathaway took down $2B, Microsoft took down nearly $20B to finance the purchase of LinkedIn, Apple has borrowed over $15B and they have a notoriously large cash stock pile already.

Photo by Rob Sakowitz.  Rob.Sakowitz.com

Photo by Rob Sakowitz. Rob.Sakowitz.com

One might wonder, given all the benefits to borrowers, why shouldn’t the Fed just leave rates low forever? For those of us who are investors and/or savers, we see that downside in real dollars on the other side of our personal balance sheets. Low yields on bonds and CDs. Zero percent on savings accounts. It’s often a nominal 1 basis point which is .01% or: virtually nothing. There was a time, way back in misty memory, when money markets paid 6%. So, while this rate environment is a major boon to borrowers, it effectively punishes savers. One might wonder, after 2008, if that’s the approach that should be in place but that’s neither here nor there. (It’s not an accident. The strategy is called Financial Repression. Another one for the academics.)

The longer term health of the economy is also potentially an issue with unusually low interest rates. If we think about the tools the Federal Reserve has at their disposal to help guide unemployment and inflation, the ability to control short term interest rates is definitely the largest and most easily wielded. (The Fed directly controls the Federal Funds Rate which is the overnight rate at which banks loan to one another. They do not directly control Treasury rates.) If we stay near zero on Fed Funds and the economy turns south, there’s little room to lower rates to protect us from a protracted downturn. (Negative interest rates, which are prevailing in Japan and Europe, are a whole other topic for another day…)

We hope this shines a little light on the longer term trends in interest rates and borrowing. If you have questions about your own balance sheet, feel free to reach out.

Alisa Chatham Sakowitz has been a Financial Advisor for over 17 years. She has an undergraduate degree in Creative Writing from the University of Arizona and an MBA from UC Berkeley’s Haas School of Business. After a long career with Morgan Stanley, Alisa joined her family in their advisory practice at Park Avenue Securities. She lives in Sacramento with her husband who is a photographer, their two young sons and a Great Pyrenees named Sprocket. Their lives are happily full of work and play.

2016-29007 Exp 9/17: Pacific Advisors, LLC.  Park Avenue Securities, LLC. Registered Representative & Financial Advisor of Park Avenue Securities, LLC (PAS) 20 Bicentennial Circle, Suite 100 Sacramento, CA  95826 916-379-0200 Securities products/services and advisory services offered through PAS, a Broker-Dealer and Registered Investment Advisor, member FINRA, SIPC. PAS is an indirect wholly owned subsidiary of The Guardian Life Insurance Company of America (Guardian), New York, NY.  Insurance Products offered through One Pacific Financial & Insurance Solutions LLC, DBA of Pacific Advisors, Inc. Pacific Advisors, Inc. is not an affiliate or subsidiary of Guardian. Pacific Advisors LLC. Pacific Advisors LLC is not a Registered Investment Advisor.  CA Insurance License #0C75476

1 WSJ, July 5th, 2016, 10 year closes below 1.4%. Lowest close on record.

2 Bloomberg Global Corporate Bond Deals, Issuance 1st week of August

 

It's On!

It's On!

Women of Sacramento, this article is for you!

Vintage is the new black. What’s old is new. What once was hip is hip again. Repurposed… We are talking about vintage fashion (clothes and accessories from the nineties and earlier).

Public Relations Specialist, Nancy Mallory, looks upon this fashion movement and scouts timeless pieces that she collects for her pop up shop, It’s On!. And it is on; she has a curated collection of quality clothing and jewelry waiting to be a part of new memories. Pop ups are stores without walls that may show up on the sidewalk of second Saturday, or at a large fundraising event. They can go anywhere at any time, which is the convenience of pop ups. Many people use trucks, Nancy plans to use vertical luggage, to essentially unfold her store. These pop ups are more than racks of clothes though; Nancy creates an experience through her pop up events, an experience that is light, friendly, fun and inspiring.

Nancy believes that “everything has a story.” For example, she has a dress that was owned by Maria Shriver, a dress from a museum in New York, and several unique, one-of-a-kind fashion finds. She has dresses that were kept for an entire lifetime, with the tags still on, waiting for the special occasion that never came to the original owner. So, the special occasion is now, for you.

“Friends and people I meet inspire me,” Nancy says, which is why she takes to customizing a look, an ensemble, for her consumer when they visit a pop up. You don’t have to spend a lot to look good. But this is more than just aesthetics. This is about empowering yourself. This is about confidence. If you look good, you feel good, and you carry yourself in that way. These nuances matter in day to day life. It is also likely that someone who purchases from It’s On! will hear the phrase, “I’ve never seen that before,” which is exactly what Nancy hopes to achieve.

Here’s how it started. Nancy has invested twenty years thus far into public relations. When business slowed down, she wanted to take on a new project. She knows all the ins-and-outs of public relations, and events, and she also loves fashion. She wanted to know what would happen if she combined her three passions, and It’s On! was the result.

Even though Nancy knows public relations is her calling, this business, and the utilization of interns allow her the opportunity to support others and help them, as she says, “reach their destiny sooner.” She has connected with other female Sacramento business owners and popped-up here and there to great success, the non-profit organizations that she donates a percentage to will agree.

Here are some specifics: Nancy recently scouted an elegant dress of hand-sewn lace and beads, she altered it, and kept the sleeves because they were simply too lovely to toss. Now with those jeweled sleeves, someone will be able to proudly wear a hand-made bracelet on a special evening out.

Look forward to seeing more from Nancy, she is a Sacramento local in love with her community, the delta breeze and the town’s ever growing personality, so she’s not going anywhere!

Catch her final 2016 pop up on November 5th at Byuti Salon. Visit www.itsonshop.com to meet the style scouts, sign-up for the newsletter, view the collection and shop.

You Always Remember Your First!

You Always Remember Your First!

First kiss.. first love... first... WELL, you get the idea! The first is always a momentous event in our lives. I want to personally thank some of the sponsors whose generosity made this First Annual Land Parktoberfest possible: McCarthy Painting, Danny Ponder with Banc of California, Matthew Cole of Guaranteed Rate and Harrison Marketing. Tickets are still available at landparktoberfest.com. Look forward to seeing you there!

 the big event takes place 5pm-10pm on Saturday October 15th at Holy Spirit School in Land Park. Each $20 admission (or $25 the day of) comes with your first drink free!!! The first 300 beer drinkers in the door will receive an event mug and the first 120 wine drinkers will get a complementary wine glass. 

 

From A Team To A Group In One Fell Swoop!

From A Team To A Group In One Fell Swoop!

This announcement thrills me to no end. Jamie and I are pleased to announce that we've grown from a team to a group in on fell swoop!! We are happy to introduce the addition of 2 new buyers agents who started with us in late August: Cinderella Silva and Darren Babby.

Cinderella has been a resident of Sacramento for 6 years and absolutely loves it. She moved here to attend CSUS, but has stayed well after graduation for the fabulous restaurants, beautiful parks, warm and friendly people, and great entertainment. With a passion for nutrition, cooking, and traveling she is always out exploring the town. When not in the office you can find her riding her bike with her husband and beloved dog Chewy, taking in the local flavors of midtown at Uncle Vito’s, Tres Hermanans, Old Soul, Paesano’s, and countless farmers markets. She is familiar with all of Sacramento's neighborhoods, and is an expert in Midtown, Oak Park, and La Riviera areas. She has the ability to assist you in selecting the best location, lender, and negotiating a purchase that fits your needs. Cinderella truly has real estate in her blood, is passionate about her work, and is continuously seeking to stay ahead of the game when it comes to market education and new trends. She has a keen eye for possibility and has seen local growth and development enough to knows this is the time to be part of this great community. 

We also have the pleasure of working with Darren Babby. I've known Darren Babby for some time since our days at a previous brokerage and since my first encounters with him on many a broker's open tour. It was then and there I was able to see his knowledge and expertise shine. His thoughtful and trained eye on matters of construction can point out both challenges and benefits of a particular home and I continue to be truly impressed by his knowledge and acumen when it comes to residential real estate. His previous professional experience includes lending, construction and commercial real estate management. Additionally, his upbeat and positive attitude is something I can more than identify with and am pleased to have yet another sunny disposition inhabit the group. Welcome aboard Darren!

So you may ask why the group? And the answer is simple. It adds yet another solid element to the marketing and exposure of your listing. Or should you have the pleasure of working with Jamie, Cinderella or Darren on the buying side, they give you opportunity for upcoming or off-market listings. No stone will be left unturned with a group on your side. This offers assistance while also giving you, the seller that much more of a competitive edge. 

Thanks for all your support and we look forward to working with you in the future!

Welcome to the Real Estate Sweet Spot!

SELLERS take note! BUYERS be aware! The sweet spot for you BOTH has arrived!!!

THIS IS THE TIME... BE A PART OF IT!

*Here are some stats regarding 95816, 95818, 95819, 95822, 95831, 95825, 95864*

August 2016 Average Sold Price per Square Footage is Neutral*    Average Sold Price per Square Footage in August 2016:   $276    •Down  0.7%  compared to the last month  •Up  9.5%  compared to the last year

August 2016 Average Sold Price per Square Footage is Neutral*

Average Sold Price per Square Footage in August 2016: $276

•Down 0.7% compared to the last month

•Up 9.5% compared to the last year

August 2016 Sold/Original List Price Ratio is Falling*

Sold/Original List Price % in August 2016: 87% 

•Down 11.2% compared to the last month

•Down 10.3% compared to the last year

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