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.

May 1, 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