To sell a house in today’s market, real estate agents can’t simply shove a sign into the lawn, schedule an open house and expect offers to roll in. Competition is fierce. Increasingly, the agents who are successfully selling homes in this marketplace have embraced high-tech marketing, including videos.
Developers revamping the 700 block of K Street are turning back the clock on a blighted avenue that was, half a century ago, a thriving business and residential hub.
Historic allure and prime location are drawing enthusiastic residents to Sacramento’s newly renovated Maydestone apartment building at 15th and J streets.
Is the master-planned community dead? Earlier this year, the Los Angeles Times painted the picture for homebuilders quite clearly when it posed that question.
Carissa Carpenter had her eye on Mare Island for the location of a state-of-the-art movie and television studio plus production company. Headed by Carpenter and studio president Howard Kazanjian, renowned producer of blockbuster films such as “Raiders of the Lost Ark” and “Star Wars: Episode VI – Return of the Jedi,” the studio aimed to be an alternative to Hollywood’s heavily booked and expensive movie sound stages.
With the real estate market in the tank, many investors are thinking twice about real estate investment trusts, or REITs. And that suits Jim Johnson just fine.
Not unlike most Capital Region developers, New Faze Development has been through some very serious and trying financial scenarios during the past four years. The North Sacramento-based company has abandoned projects, lost properties and seen its lenders go out of business.
If Gov. Jerry Brown had his way, the redevelopment agencies throughout California would be history. Not only would he demolish all of the nearly 400 active agencies, Brown would also use the billions they earn in property taxes to plug the state’s massive deficit and support schools and public safety services.
There’s a spark of life in housing construction this year. A tiny, weak spark, but a real one nonetheless. Builders are putting up more apartments in the Sacramento region.
Call it a recession, a realignment or a downturn. Whatever you call it, our current economy is experiencing convulsions most of us have not seen in our lifetimes. Our nation, our state and our region continue to suffer from a sputtering economy and painfully high unemployment.