Shayne Gibbons (MBA, CPA)

MARKET HIGHLIGHTS  The Greater Sacramento Region’s labor force stood at 1,143,700, with 1,099,000 employed at the close of Q1 2024. The unemployment rate closed the quarter at 4.9%, a 121-basis-point (bps) increase year-over-year (YoY). Retail using employment stands at 229.2k in Q1 2024.  The overall net absorption in the Sacramento retail market fell slightly in Q1 2024 at 37,123 sq. ft. compared to positive 69,000 sq. ft. in Q4 2023, demonstrating steady activity.  The average direct asking lease rate in Sacramento remained the same since Q4 2023 at $1.65 Q1 2024 on a monthly NNN basis (NNN).  At the close of Q1 2024, there was 196,000 sq. ft. under construction, up from 100,000 sq. ft. under construction in Q4 2023. https://lnkd.in/gr_mX4fc

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SoCal apartments have been the best-performing investments across our $7 billion portfolio. Find out why in this video ➡️ https://lnkd.in/gQDfDh32 . . . #paladinrealty #investing #multifamily #realestateinvesting #multifamilyinvesting #passiveincome #cashflow #commercialrealestate #investmentproperty #rentalproperty #socalrealestate

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🚀 🚀 𝐄𝐱𝐜𝐢𝐭𝐢𝐧𝐠 𝐍𝐞𝐰𝐬! I'm thrilled to share that my brother, John Larsen and I have acquired the Spherion Staffing and Recruiting franchises across Utah from an incredible person and now friend, Ron Zarbock! 🎉 Our physical branch offices are located in Orem, downtown SLC, Taylorsville, Layton, & Ogden, but 𝐰𝐞 𝐬𝐞𝐫𝐯𝐞 𝐭𝐡𝐞 𝐞𝐧𝐭𝐢𝐫𝐞 𝐖𝐚𝐬𝐚𝐭𝐜𝐡 𝐅𝐫𝐨𝐧𝐭. Our intentions are simple: 𝐭𝐨 𝐛𝐞 𝐚 𝐫𝐞𝐥𝐢𝐚𝐛𝐥𝐞 𝐚𝐧𝐝 𝐭𝐫𝐮𝐬𝐭𝐞𝐝 𝐣𝐨𝐛𝐬 𝐩𝐚𝐫𝐭𝐧𝐞𝐫 𝐟𝐨𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐚𝐧𝐝 𝐩𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥𝐬 𝐚𝐜𝐫𝐨𝐬𝐬 𝐔𝐭𝐚𝐡. 𝐅𝐨𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬: Having personally worked in Operations, led HR teams, and managed several organizations' financials and KPI’s, we understand the challenges you face daily related to people! Staffing or talent shortages, variability in workforce needs during periods of volatility, managing fixed costs, etc. We will help you by providing flexible, reliable staffing that ease the pain of “people problems” during ramp periods (either up or down).   𝐅𝐨𝐫 𝐏𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥𝐬: Two years ago, I had several months searching for work and I could unfortunately slowly feel my self-worth and confidence fade. I want to minimize the time people spend going through that. I learned it’s about finding the right match – not that I wasn’t skilled or desirable. Leina Jaramillo is one of the state’s top recruiters and very good at matching Utah's top talent with solid orgs. We’d like to help individuals reach their potential while meeting the critical needs of the companies we serve (ranging from temporary placements to long-term professional roles). If you’re a stakeholder in a Business looking for solutions to staffing challenges (think converting fixed to variable costs) or a Professional seeking opportunities to grow your career, let’s connect. Together with my brother and our amazing team of 30 employees, we’re excited to bring value to Utah’s dynamic and vibrant workforce and the #3 economy in the United States (𝐥𝐞𝐭’𝐬 𝐦𝐚𝐤𝐞 𝐢𝐭 #𝟏). Here’s to growth, collaboration, and making a positive impact together. #𝐋𝐞𝐭𝐬𝐆𝐞𝐭𝐓𝐨𝐖𝐨𝐫𝐤𝐔𝐭𝐚𝐡💼 #𝐒𝐩𝐡𝐞𝐫𝐢𝐨𝐧𝐔𝐭𝐚𝐡 #𝐏𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥𝐏𝐥𝐚𝐜𝐞𝐦𝐞𝐧𝐭 #𝐒𝐞𝐫𝐯𝐢𝐧𝐠𝐔𝐭𝐚𝐡

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𝗝𝗨𝗦𝗧 𝗥𝗘𝗟𝗘𝗔𝗦𝗘𝗗: 𝗤𝟭 𝟮𝟬𝟮𝟰 𝗦𝗢𝗨𝗧𝗛 𝗦𝗢𝗨𝗡𝗗 𝗢𝗙𝗙𝗜𝗖𝗘 𝗜𝗡𝗦𝗜𝗚𝗛𝗧𝗦 𝗣𝗿𝗲𝗱𝗶𝗰𝘁𝗶𝗼𝗻𝘀 𝗳𝗼𝗿 𝟮𝟬𝟮𝟰: 𝗟𝗲𝗮𝘀𝗶𝗻𝗴 𝗠𝗮𝗿𝗸𝗲𝘁: • The South Puget Sound leasing market will remain strong through 2024, with transaction volume in 2024 exceeding 2023. • We will see a slight uptick in rental rates as quality product continues to garner the most interest.  • Absorption will likely be flat as the market balances new leases with “give back” space due to the WFH trend.   𝗦𝗮𝗹𝗲𝘀 𝗠𝗮𝗿𝗸𝗲𝘁: • The South Puget Sound sales market will remain volatile through 2024, with transaction volume exceeding 2023. • We predict an increase in Value Add sales transactions as the bid-ask spread continues to shrink. • Owner/User transactions of less than 20,000 SF will be the driver of the sales market as pricing remains strong, comparable to pre-pandemic levels. 𝐅𝐨𝐫 𝐚 𝐝𝐞𝐞𝐩𝐞𝐫 𝐝𝐢𝐯𝐞 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐧𝐮𝐦𝐛𝐞𝐫𝐬, 𝐝𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐨𝐮𝐫 𝐐𝟭 𝟐𝟎𝟐𝟰 𝐑𝐞𝐩𝐨𝐫𝐭 𝐡𝐞𝐫𝐞: https://lnkd.in/gKfb6rmw https://kmteamframe.com/ Drew Frame

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Interesting conflation of issues on the funding of public services versus affordability in Colorado. #ryanpropertytax; #propertytax

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What to do After The Passing of a Loved One (Legal, Tax and Financial Planning Requirements) with a Tax CPA and Estate Lawyer Listen to it now at: https://lnkd.in/gJ875siR #ArizonaBusiness #MergersandAcquisitions #FamilyOffice #IncreaseProfits #Operations #FamilyBusiness #BusinessAttorney #BusinessPodcast #AmericanDream #ScottsdaleFoundersForum

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Team Shea SoCal! Yesterday I led a 30 min workout during our lunch hour with the SoCal team! Lots of fun! The workout was a primal movement workout! Primal movements are the foundation for any movement that occurs in the body and are essential to building and maintaining, a strong, resilient, and pain-free body Primal movement is how we bend, rotate, push, pull, and walk in the most intuitive way. Stay Strong Stay Focused

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Partnerships aren't just paperwork. Success isn't just strategy. Teams aren't just org charts. Here's what I've learned about building something real: The best partnerships? They're built on trust, not just terms. Like knowing someone's got your back when things get rough. Like texts that say "We'll figure this out." That's why we're fired up to partner with BCC on Cadre Townhomes. Real partnerships. Real trust. Real results. Strong teams aren't about perfect people. They're about perfect fit. It's about: • Having each other's blind spots • Celebrating wins like they're your own • Showing up when it matters most Some folks chase talent. I chase character. Because skills can be taught. But heart? That comes ready-made. Buck up and choose wisely. Your team isn't just who you work with. They're who you build with. Who's in your corner? Who’s on your team? Who’s your key partner?

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Celebrating 20 years since our initial public offering (IPO)! 🎉 Read more about our journey in this Utah Business article. #TeamExtraSpace #selfstorage

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Let’s talk about the Same Taxpayer rule in a 1031 Exchange… 📍In a 1031 Exchange, the taxpayer who owns the relinquished property must be the same taxpayer who takes ownership of the replacement property. 📍So for example, if you own an investment property in a partnership, LLC, trust, etc. you would want to purchase under that same ownership structure. However, if you hold title in a Disregarded Entity ex: a single member LLC or Revocable trust, this entity is taxed to the party that is the sole member of the LLC or the grantor/beneficiary of the trust. So, you can sell in your name for example and purchase the replacement in your single member LLC, or vice versa. Here’s an article that explains further:

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