When California’s building industry began to crumble in 2008 — with 2009 producing the lowest number of homes built since 1954 — veteran contractors like Jim Bayless scrambled to reinvent themselves.
Since the founding of our state, courthouses have been the focal point of many communities. They are at once tangible symbols of the rule of law, monuments to our democratic ideals and the primary point of contact between the citizens and the judicial system. And, they are all but falling apart.
If you think starting a business during a recession is a risky enterprise, imagine putting your entrepreneurial faith in the commercial future of a river flowing to a desolate wilderness.
Scott Syphax is an unlikely person to garner a nickname like Dr. Doom. After all, the president and CEO of Sacramento-based Nehemiah Corp. of America is far too thoughtful and deliberate to be saddled with a sobriquet more in line with a snickering cartoon villain.
It’s a Capital Region paradox. The bad news for home builders is that very few new homes are going up. The good news for existing-home sales is that very few new homes are going up.
While the economy strangles commercial real estate throughout California, the greater Stockton area linking Interstate 5 and Interstate 580 is blossoming with industrial logistics centers that warehouse commercial goods for distribution throughout Northern California and the western region.
In the 35 years Ken Ruzich has managed local levees, no water event has been more memorable than the 1986 flood that nearly toppled levees along the Yolo bypass. If it wasn’t a 100-year flood, he says, it was close enough: “It was our benchmark.”
“Why don’t we start at the top and work our way down?” The voice of Greg Kelly echoes as he stands in the empty lobby of his brand-new office building. He’s ready to begin the tour.
Commercial developers hit hard by the drop in property prices are looking at development impact fees to soften the blow to their bottom lines.
Pick up a newspaper’s business section today, and chances are you’ll find more bad news than good. Headlines scream of layoffs, cutbacks and commercial developments with high vacancy rates.