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.
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.
Three years ago a wrecking ball known as the subprime mortgage meltdown slammed into Sacramento’s real estate market, kicking up a dust cloud over the city’s urban development plans. But rather than dwell on the financial obscurity of the future, David Miry and Steve Lebastchi kept their eyes on the past.
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.
I’ve lost count of just how many times during the past decade we have debated the how and where of building a new arena for the Sacramento Kings. Few doubt the team needs an upgraded home, but the high-pressure tactics of the Kings’ owners — who threatened to leave Sacramento unless they got the deal they wanted — alienated many.
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.
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.
The new West Village complex where nearly 2,000 UC Davis students will reside this year closer resembles Club Med than traditional student housing.
During the building boom, contractors had to keep a sharp eye on the rising cost of materials if they wanted to make a decent profit. From 2004 to 2008, double-digit increases were the norm for many products.