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

by Rob McQuade, ABR, Sacramento REALTOR®
Downtown Sacramento Real Estate

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. 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 ... View the rest of the post here.