Cache Creek Casino Resort began as a bingo hall but has slowly added amenities, such as this year-old 18-hole championship golf course, in its push to become a destination resort.

Full House

Have casinos reached market saturation in the Capital Region?

Red Hawk Casino opened in December, just weeks after economic woes sent the stock market plunging. The launch of the new venue just off Highway 50 coincided with a sharp drop in gross gaming revenue at Nevada’s Lake Tahoe casinos, and California casinos also felt the sting as gamblers gave Red Hawk a try.

Oct 1, 2009 Adam Weintraub
Christi Black, managing director, Ogilvy Public Relations found new digs at 1414 K St.

The Tenets of Leasing

The pros and cons of relocating in today's market

The smart landlords are doing whatever it takes to keep old tenants and lure new ones. That includes free rent, bigger allowances for tenant improvements, free signs and plain old cash. “If there is less than two years remaining on the lease, a savvy landlord really should be talking to them about extending,” Frisch says. “Oftentimes landlords and property managers don’t start that conversation until it is much later in the lease term.” But if a tenant is in good enough financial shape to keep paying the rent, very few landlords will renegotiate a deal with more than two years left, Frisch says.

Aug 1, 2009 Robert Celaschi

Overdue reform

Out of money, out of time

California is running out of money, pure and simple. As we go to press, the state is finalizing the budget and lurching from one financial crisis to the next thanks to elected leaders who put politics above fiscal responsibility.

Jul 31, 2009 Winnie Comstock-Carlson
Marc Ross, a senior associate with CB Richard Ellis in Sacramento, specializes in investment and multifamily property.

Apartment Complex

Multifamily buyers build up cash and wait for bargains

The credit crunch and other broad changes in economic conditions cut a wide swath through the ranks of potential buyers. Those who are left are biding their time, lining up cash and waiting for a sweet deal, probably a distressed property at a bargain price. But far fewer multifamily properties are facing the default notices that helped drive down prices for single-family homes, and many landlords are trying to ride out the storm. The result is very few deals.

May 1, 2009 Adam Weintraub
Benicia paid consultants $40,000 to help with a branding strategy; among the recommendations were revitalizing and bringing people to the downtown waterfront, shown here.

Secret Destination

Solano hopes to attract travel spending by uncovering its image

If Napa County is wine country and Calaveras County is frog-jumping territory, where does that leave a place like Solano? Trying to catch up, perhaps.Thirty years ago Napa County was where Solano is today, says Solano County Supervisor Mike Reagan. In 1992, Napa brought in $361 million in tourism revenue, and with $319 million, Solano wasn’t far behind. Fast-forward to 2006: Napa brought in almost $890 million, but Solano’s revenue only rose to $554 million.

Apr 30, 2009 Sukhjit Purewal
Trudy Nearn, principal, Generations law firm.

Estating the Obvious

A little planning goes a long way

Asset values are down, interest rates are down, and industry experts doubt the Obama administration will allow the current estate tax exemption to expire in 2010. That combination makes a ripe environment for creating or adjusting an estate plan, and financial advisers say acting now could save thousands — if not millions — of dollars later.

Aug 1, 2008 Christine Calvin