The cost of lumber, steel, asphalt and other construction materials has been on a wild ride since the early part of this decade, but don’t be fooled by the relatively placid prices in 2009. Industry players say it’s likely just a brief respite before the roller coaster starts climbing again.
Liz Lum knew her 79-year-old mother, Anne Fong, wanted to live independently as long as possible, but Lum also knew that her mother’s Greenhaven house would need some modifications.
Terri Bacon participates in line dancing, water aerobics and a book club in her community, Glenbrooke by Del Webb, which targets active adults older than 55. She recently started a club that attends theater performances. “I’m busier here than I’ve ever been, and I’m doing things that are worthwhile,” says Bacon, who turns 62 this month.
The new-home market in Solano County soared even higher than that of California as a whole, and it fell harder too.
Many things can claim victim status in the wake of the current economy, but local MBA programs aren’t one of them.
Despite significant tuition costs, ranging from $12,000 to $40,000, MBA programs are at worst holding steady in enrollments, and many are actually enjoying surges — not just in applications but in qualified applications.
The smart landlords are doing whatever it takes to keep old tenants and lure new ones. That includes free rent, bigger allowances for tenant improvements, free signs and plain old cash. “If there is less than two years remaining on the lease, a savvy landlord really should be talking to them about extending,” Frisch says. “Oftentimes landlords and property managers don’t start that conversation until it is much later in the lease term.” But if a tenant is in good enough financial shape to keep paying the rent, very few landlords will renegotiate a deal with more than two years left, Frisch says.
California is running out of money, pure and simple. As we go to press, the state is finalizing the budget and lurching from one financial crisis to the next thanks to elected leaders who put politics above fiscal responsibility.
Late on a work night, Amy Mathews picked up her ringing BlackBerry to find a frantic customer on the other end. On an airplane nearing departure for Buenos Aires, a woman realized her debit card was on the verge of expiration. She would be out of the country for weeks without an easy way to access cash. Mathews knew she held the solution in her palm. From her BlackBerry, the corporate banking manager at Mechanics Bank fired off a couple emails and got a new debit card ordered in minutes.
Boomers are booming, and skilled-nursing and long-term care facilities are struggling to keep up. But the focus isn’t on beds and population numbers alone. Baby boomers are a picky bunch, and they’re not likely to rest easy with the status quo, say caretakers, many of whom are seniors themselves. That’s part of the reason rehab care has taken on a new face in the past few years, one that’s focused on a philosophy change about senior care.
For all of us at Comstock’s, this month is a cause for great celebration — and for a sobering assessment. We are celebrating 20 remarkable years in the business of delivering insightful commentary to the Capital Region’s business leaders. At the same time we are assessing what the next year or two, or 10, will mean for the magazine and for all of us in the region.
Pamela Eibeck has made a career of distinguishing herself in the male-dominated fields of engineering and college administration while balancing life as a wife (of law professor William D. Jeffery) and mother of four children. This month, she reached another milestone and is reporting to a new job. Eibeck is the first female president in the 158-year history of University of the Pacific.
In the dead of night last February, while trying to find the final votes to pass the budget, exhausted California legislators unknowingly set in motion a major change in how we do politics in this state.
Forty years ago, pedestrian malls became the rage across America. As cities tried to revitalize their downtowns to compete with fancy new suburban shopping malls, more than 200 cities and towns — including Sacramento — closed streets to traffic and parking, planted trees and installed fountains and benches to create pedestrian-friendly retail areas.
The credit crunch and other broad changes in economic conditions cut a wide swath through the ranks of potential buyers. Those who are left are biding their time, lining up cash and waiting for a sweet deal, probably a distressed property at a bargain price. But far fewer multifamily properties are facing the default notices that helped drive down prices for single-family homes, and many landlords are trying to ride out the storm. The result is very few deals.
Before UC Davis played a huge role in bringing science and agriculture together and changing the course of history for California and the world, the importance of collaboration across disciplines was well recognized. That vision is perhaps nowhere better exemplified than at the campus Quad — the true heart of the campus since its founding — where the new Centennial Walk was unveiled last October.
Roseville, absent of levees and flood-prone rivers, is sitting high and dry — in a good way. With infrastructure spending on hold and flood protection requirements increasing, development in neighboring communities has stalled and the future remains uncertain.
When most people think of action heroes, they do so in Hollywood terms: big, brawling, muscle-bound guys for whom compromise is always a dirty word. But in politics, brute force rarely holds sway over the art of the deal. In that regard, Doris Matsui, who represents much of Sacramento in Congress, may just be our very own action star.
After a quarter-century of leadership at UC Davis, Chancellor Larry Vanderhoef will step down. Appointed as UC Davis’ fifth chancellor in 1994, he is one of the nation’s longest-serving university administrators. He came to the campus in 1984, first serving as the executive vice chancellor, and will bow out at the end of the campus’s centennial year on June 30. As part of the celebration, the chancellor sat down with Comstock’s to reflect upon the colorful history of the campus once known as University Farm and the lasting contributions it has on the Capital Region.
Work has stopped on a 40,000-square-foot conference center planned for Roseville. The city-funded project was supposed to serve as a springboard from which Placer Valley would dive into branding itself as a premier business and sports tourism destination. Now, city planners are in a holding pattern, waiting for timing, funding and manpower to realign, so the region can move forward with its plan to compete in California’s massive tourism market, which, in 2007, accounted for $96.7 billion in consumer spending.
Try as they might, some people are incapable of keeping a plant alive. As easy as maintaining a regular watering schedule, proper lighting and keeping pests away seems, these black thumbs, as they’ve been termed, can still turn the hardiest species into compost after a few weeks. Two recent gadgets give a leg up to gardeners who can’t quite get the swing and offer a chance to bring the power of networks and databases to everyday life.