April 6, 2017
Thank the grocer: Elk Grove shopping center sells for $38.1 million (4-5-17)
Having Raley's as an anchor helped an Elk Grove retail property sell earlier this week for $38.1 million, according to Gallelli Real Estate. Read more...

Downtown building near Golden 1 Center is for sale (4-5-17)
Interest is strong for a new downtown Sacramento listing on K Street, steps from high-profile developments like Golden 1 Center. Read more...

Investor buying $10.1 million stake in Township Nine project with plans to work out debt (4-4-17)
Another new investor is coming on board to jumpstart progress on the Township Nine infill development project. Read more...

Cache Creek tribe approved to add 459 hotel rooms in $161 million deal with Yolo County (4-4-17)
The tribe that owns  Cache Creek Casino Resort  will pay Yolo County $161 million over 22 years in an agreement that will allow the tribe to expand its luxury hotel in the Capay Valley. Read more...

Local developers buy Rancho Cordova office building for $10.55 million (4-4-17)
An ownership group of local real estate investors and developers Ravel Rasmussen Properties and Separovich/Domich Real Estate Development bought a Rancho Cordova office building for $10.55 million. Read more...

Are your housing costs sky high? A new fight over California rent control is coming (4-3-17)
A Santa Monica lawmaker is preparing to battle California's powerful real estate industry, going after a state law that for two decades has blocked cities from adopting stronger rent control measures. Read more...

Natomas loses its housing mojo as developers hesitate to build (4-2-17)
Two years after a moratorium on new construction was lifted in Sacramento's Natomas area, the community of 100,000 people that had earned a reputation for booming growth is starting to build again - slowly. Read more...

Opposition mounts in Roseville to construction wage law (4-1-17)
A Roseville-based organization representing more than 500 developers in the region is campaigning against Assembly Bill 199, a proposed state law that would require construction workers to receive a prevailing wage-the hourly wage of most workers in the largest city in any given county-for certain housing projects. Read more...

Sacramento spinning its wheels on bike lanes (4-1-17)
On May 14, Sacramento will host the Amgen Tour of California, with the men's race kicking off next to the state Capitol and the women's race finishing there. Read more...

City Council creates five city staff positions (3-31-17)
The Elk Grove City Council on March 22 voted to create five staff positions in the city's Development Services Department. They also changed the city budget to add an in-house planning manager position. Read more...

Mayor delivers first State of the City address (3-31-17)
Steve Ly on March 30 presented his first State of the City address as Elk Grove's mayor.  The Elk Grove Chamber of Commerce hosted the annual event for a large gathering of business and political leaders as well as Chamber members at The Falls Event Center. Read more...

Patterson rallies Fresno-area builders to oppose prevailing wage law (3-31-17)
Fresno-area homebuilders, their trade partners, and Assemblyman Jim Patterson stood on dirt lots in a new Clovis home development on Friday to publicly oppose a proposed law that could raise home prices in the central San Joaquin Valley. Read more...

To build North Lake Tahoe hotel, Placer County to buy part of motel (3-31-17)
Placer County is considering buying part of an old, tired motel in the El Dorado County city of South Lake Tahoe so it can eventually build a new hotel in North Lake Tahoe. Read more...
North State BIA