Newsletter 002 – Mueller Commercial

AS CRAFT BEER GROWTH SLOWS, BREWERIES GET CREATIVE WITH THEIR REAL ESTATE

Following a long stretch of booming growth, the craft beer industry is bracing for the slowest year for U.S. brewery openings in a decade in 2023. That slowdown was marked by more than 200 brewery closings last year as the industry matured and competition intensified, and it could lead to greater emphasis on site selection as breweries look for new ways to stand out in a crowded field Read More …

NATIONAL AFFORDABLE HOUSING INVESTOR SCORES CONTROLLING INTEREST IN LARGE SWATH OF PROPERTIES

One of the largest owners and investors of affordable housing in the country scored the biggest deal in the firm’s history, taking it into a Sun Belt state that had some of the strongest rent growth during the pandemic.

BILLIONAIRE DEVELOPER JORGE PEREZ REMAINS HANDS-ON EVEN AS SONS TAKE OVER FAMILY BUSINESS

Billionaire developer Jorge Perez walks into his firm’s latest project, a swanky new apartment tower at the water’s edge in West Palm Beach, and immediately begins inspecting the lobby.

Perez, who founded Related Group in 1979, makes no bones about being hands-on. The real estate business is all about the details, he told CoStar News while sitting in a conference room in the newly opened Icon Marina Village that his company just completed.

HOW UNIVERSITY OF BEER OWNER NATE YUNGVANITSAIT IS EXPANDING HIS EMPIRE.

Along with his wife and co-owner Melissa, Nate Yungvanitsait is set to open a seventh UOB location on March 15, has another bar concept in the works and is expanding staff benefits.

CITY OF SACRAMENTO CONSIDERING TAX ON UNDEVELOPED LAND AND VACANT, BLIGHTED PROPERTIES.

The discussion Tuesday was just the beginning of the city’s consideration of a vacant property tax, with many of the details, including which properties would be exempt, and how the money from the tax would be used, still to be worked out.

Did you hear? Commercial Real Estate is booming say the GoodFellas from The Mueller Team!

1020 12th Street

Region: Downtown
Use: Retail/Restaurant
Lease or Sale: Lease
Sq Ft: 1,319
Lease Rate: $3.50 NNN

7001 Greenback Lane

Region: Citrus Heights
Use: Dental
Lease or Sale: Sale
Sq Ft: 3,086
Sale Price: $820,000

The 6,492 square foot Metal Warehouse building commonly know as 6610 Asher Lane located in Sacramento recently sold for $1,610,000, $248.00 PSF. Dan Mueller and Cameron Freelove represented the Seller on this transaction.