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.
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.
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.
Perseverance. If nothing else, you have to give Gerry Kamilos credit for that.
Tucked in an alley between 17th and 18th streets in midtown Sacramento is the first of what could be an emerging pattern of townhomes. Three bright yellow garage doors mark the entrance to two 1,200-square-foot units poised over a 615-square-foot one-bedroom space.
If you’ve ever had to plan an office move, or even live through one, consider the challenge of doing 10 to 20 at the same time. That’s the task facing architects, construction companies and interior designers when governments consolidate far-flung operations under a single roof.