According to the Sacramento Business Journal, New Home Co. is set to mark its return to Sacramento by being the inaugural homebuilder for the Panhandle region in North Natomas. This move follows their last project, McKinley Village in East Sacramento, which was completed approximately five years ago. The company plans to start grading this summer […]
The investment landscape of the “panhandle area” is evolving, according to the Sacramento Business Journal, as TPG Angelo Gordon secures a significant parcel of land earmarked for a substantial residential development. Property records and city plans indicate that the site is set to accommodate 810 homes. Last year, Sacramento city officials greenlit a development blueprint […]
Sterling Caviar, based in Elverta, has been placed into receivership following claims by creditors that the company is indebted to them by over $23 million. The company was acquired by Eugene Fernandez for $6.2 million in October 2020 from Stolt-Nielsen through his holding company, Hyde Road Agricultural Associates. In April 2020, Sterling Caviar secured a […]
We’ve got some exciting news for you… The Sacramento County Department of Regional Parks is gearing up for its multi-pronged efforts to reduce fire risk, defend wildlife habitats, and protect our natural resources and the neighborhoods adjacent to the parks. For its 2024 Fire Fuel Reduction Action Plan, the Department of Regional Parks has lined up sheep […]
Last month the Board of Supervisors heard a presentation about broken families and the struggles of our region’s most vulnerable children. The numbers were startling, and the stories were heartbreaking. We heard about the impact of families suffering from economic stress and children pushed into courts that could result in removal from their families. We […]
Rite Aid has declared its intention to shutter an additional 53 store locations, which adds to the approximately 200 closures initiated since the company entered Chapter 11 bankruptcy protection last year. The drugstore chain, based in Philadelphia, has experienced annual financial losses for multiple consecutive years. It also confronts legal challenges similar to those faced […]
Sacramento County is intensifying its collaborations with local non-profit community-based organizations (CBOs) to enhance the quality of life for its residents. Recognizing the critical role these organizations play in providing essential educational, health, and social services, the county is committed to strengthening the infrastructure of CBOs to expand their reach and effectiveness, particularly in underserved […]
On April 9, the Sacramento County Board of Supervisors adopted significant amendments to the county’s fireworks regulations. These changes are designed to better control the sale and use of fireworks, and introduce stricter penalties for violations. Key changes to the fireworks ordinance include: A shortened selling period for fireworks, now set from noon on June […]
A proposed development plan aims to transform four separate parcels along Watt Avenue in North Highlands into a mixed-use space featuring residential units and retail shops. If approved, the adjustments and rezoning would enable the construction of single-family homes, multiple apartment complexes, and two new retail establishments across these parcels, which are divided by a […]
Pharmacy giant Rite Aid, which has a storefront at 6420 Rio Linda Blvd, has secured judicial approval to initiate voting on a bankruptcy reorganization strategy. This plan could see the majority of the firm’s equity transferred to bondholders while still entertaining potential sale prospects. During a judicial session in Trenton, New Jersey, U.S. Bankruptcy Judge […]
