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.
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.
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.
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.
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.
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.
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.