Parts of the Capital Region are experiencing the hopeful signs of recovery, partly due to the re-emerging health of its eastern neighbors.
Some said it would never happen. We have bobbed and weaved around building a new sports and entertainment complex for more than a decade.
The Capital Region’s industrial real estate market is bouncing along the bottom, but local brokers are cautiously optimistic that signs are pointing to a steady, albeit slow, recovery this year.
In the Capital Region, it’s up to each county to reel in recovery by marketing to businesses that stimulate economic growth.
Barely a month into Barack Obamas presidency, his administration announced a major effort to help millions of underwater homeowners refinance into mortgages with lower interest rates. But the Home Affordable Refinance Program, or HARP, came with limitations that stifled its effectiveness.
Some developers are building again, prodded by increases in buyer traffic at model homes and an uptick in sales over the fourth quarter of 2011 and the first months of 2012.
The Capital Region’s commercial real estate market in the past five years has shifted from a system dominated by a few big brokers to a diverse pool of smaller offices and team players. As post-recession business gains steam, that market is being eyed for its unplowed territory.
As Sacramento attempts to forge a regional economic development strategy, manufacturing is being touted as a potential breadwinner, but rebuilding the industry piecemeal could take time.
The Capital Region’s tenant improvement market is trudging along, mired by a deep air of malaise following years of construction decline.
On a breezy, blue-sky day in late November, West Sacramento city and regional planning officials gathered near Raley Field to celebrate the opening of Tower Bridge Gateway, a reconstructed boulevard connecting Highway 50 to Tower Bridge.