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Sacramento Business Journal
Champions for DEI honoree: Niva Flor
We're introducing this year's Champions for Diversity, Equity and Inclusion. Niva Flor is among the honorees.<\p> Niva Flor grew up in a household steeped in Black culture and music, listening to the likes of The Temptations, Gladys Knight and Al Green. A singer herself, it was through the arts that Flor made entry into working within the philanthropic sector.<\p>
Why these 2 local jurisdictions are planning for more apartments
Under pressure to do their share to address California's housing shortage, Sacramento County and Folsom are moving toward zoning more properties for multifamily projects.<\p> Between the two jurisdictions, the rezoning would enable development of thousands of new apartments, though planners say they're only ensuring capacity, not that those units will be realized.<\p>
Champions for DEI honoree: Vida Thomas, Oppenheimer Investigations
We're introducing this year's Champions for Diversity, Equity and Inclusion. Vida Thomas is among the honorees.<\p> Atticus Finch, the attorney from the 1960 novel “To Kill a Mockingbird,” has undoubtedly inspired millions to study law. That was the case for Vida Thomas, managing partner at Oppenheimer Investigations Group. But what’s unusual about Thomas is she was only in the fifth grade when she read the book, and by then she already had her eyes on the prize. <\p>
For commercial real estate, 2024 is the year of the land deal
Multifamily rents have largely flattened. Industrial properties, especially big ones, aren't as in demand. Retail is healthy but not many big properties are listed for sale. Office, don't ask.<\p> In commercial real estate so far this year, the clear winner in terms of big-price sales is land, specifically land entitled for big projects still in the works. Put it another way, this year is about betting on the future.<\p>
International luxury brand hiring for Roseville pop-up boutique
Job postings for Dolce & Gabbana highlight the luxury fashion retailer's reach worldwide, with opportunities in places such as Zurich, Singapore, New York City — and Roseville.<\p> The retailer is recruiting for a temporary position for what it describes as a "new upcoming pop-up boutique in Roseville Galleria." <\p>
Interstate 5 through Downtown Sacramento could change. Here's how.
Sacramento is looking for a spot of federal money to start the process of decking over a portion of Interstate 5 through the city's downtown.<\p> U.S. Rep. Doris Matsui, D-Sacramento, is seeking $5 million out of the federal infrastructure bill to begin the study process to create a roughly 4-acre park above the freeway.<\p>
Sacramento pays clean-tech entrepreneurs to learn startup skills
The city of Sacramento’s Office of Innovation and Economic Development and consulting firm Momentum are offering a paid program to help entrepreneurs prepare to get future funding for clean-tech startups.<\p> The four-month Ascend program pays participants $3,500 to attend mandatory online or in-person sessions for entrepreneurs in the clean economy, clean mobility or clean energy industries.<\p>
Champions for DEI honoree: Lawrence B. Garcia, Nueva Epoca
We're introducing this year's Champions for Diversity, Equity and Inclusion. Lawrence B. Garcia is among the honorees.<\p> Lawrence B. Garcia knows that the Latine community is intrinsically diverse. <\p>
Real estate commissions shakeup will require more agent scrutiny
The National Association of Realtors and several brokerages have struck big money deals to settle an array of class-action lawsuits around real estate commissions.<\p> It might become harder for homebuyers to figure out how to pick the right agent to work with in the wake of the settlements. That's because the settlements, which now add up to hundreds of millions of dollars, will also bring with them changes in how buying agents are paid, how homes are listed and may require more buyers to pay for an agent directly when buying a home. And if buyers potentially shell out thousands of dollars or more, they will have to do their own due diligence.<\p>
5 things: Popular footwear brand opens first local store
Welcome to Friday, loyal readers. Here's what you need to know today.<\p> Want more local business headlines? Sign up for our morning and afternoon newsletters to get Sacramento business news delivered straight to your inbox.<\p>
Well-known name in local automotive sales is returning
More than a year after selling off its local dealerships, the Von Housen name is returning to the Sacramento region with a new site in Arden-Arcade.<\p> In the next three to six months, a temporary facility should be up and running at 2030/2052 Fulton Ave., where Von Housen Automotive Group will be establishing a new full-service, luxury pre-owned vehicle dealership, said owner George Grinzewitsch Jr.<\p>
What employers need to know about the crushing childcare costs
In the coming weeks, schools around the nation will be out, and many employees will find themselves scrambling for child-care options. <\p> But child-care costs are soaring, thanks to the child-care cliff, a lack of new child-care centers and workforce shortages in the industry, among other factors. <\p>
The definitive guide to development in Sacramento's central city
The state of California recently completed construction on the May Lee State Office Complex in Sacramento's River District, a 1.25 million-square-foot project that will see more than 5,000 civil servants walk through the doors. <\p> Construction was started in spring 2020, and project planning had taken place long before that. As the project started, no one involved had an inkling that most state employees would spend the next few years working predominantly or exclusively from home. <\p>
Fitness studio evicted from The Ridge in Elk Grove
Mayweather Boxing + Fitness recently closed its Elk Grove franchise location, the second local site to shutter this year. <\p> The chain offers class-based boxing and functional training workouts designed and developed by pro boxer Floyd Mayweather. Prior to the start of 2024, Mayweather Boxing + Fitness had three locations operating throughout the area, including gyms at Broadstone Marketplace in Folsom, Sacramento's Delta Shores and Elk Grove's The Ridge shopping center.<\p>
Specialty lender from Florida to open bank branch in Roseville
A Florida bank that is a pioneer in online banking is opening a West Coast financial center in Roseville.<\p> Based in Jacksonville, Florida, EverBank NA has most of its traditional bank branch locations in Florida, and financial center banking offices in New York, New Jersey, Boston and St. Louis.<\p>
Champions for DEI honoree: Dr. Hendry Ton, UC Davis Health
We're introducing this year's Champions for Diversity, Equity and Inclusion. Dr. Hendry Ton is among the honorees.<\p> When he was a child growing up in Stockton, Hendry Ton’s family couldn’t afford to see a doctor. Instead, if someone was sick, Ton and his siblings trekked 45 minutes to the library, where they’d consult books on symptoms and troubleshoot possible treatments.<\p>
This business could fill a former Boston Market space in Roseville
Starbucks is apparently eyeing a vacant restaurant space in Roseville for a new drive-thru location. <\p> The 3,126-square-foot restaurant building at 5003 Foothills Blvd. was last occupied by Boston Market. The restaurant chain was evicted from the space last May and the building's owner put the property up for sale.<\p>
Sushi chain Mikuni might join El Dorado Hills Town Center
Mikuni Japanese Restaurant & Sushi Bar appears to be replacing Aji Japanese Bistro at the El Dorado Hills Town Center. <\p> The Japanese bistro at 4361 Town Center Blvd., Suite 111, in El Dorado Hills announced earlier this month that it would be closing its doors, with its last day of operation planned for May 27. The restaurant — which specializes in Tokyo-style street food, ramen and classic sushi dishes — cited "rising costs" as a factor in the decision to close after operating out of the space since 2013.<\p>
CLTRE secures land on Del Paso Boulevard for housing development
This story is part of the Solving Sacramento journalism collaborative. Solving Sacramento is supported by funding from the James Irvine Foundation and James B. McClatchy Foundation. Our partners include California Groundbreakers, Capital Public Radio, Outword, Russian American Media, Sacramento Business Journal, Sacramento News & Review, Sacramento Observer and Univision 19.<\p> CLTRE, a nonprofit creating pathways for economic development and homeownership in underserved communities, has secured a new site for affordable housing and retail development on Del Paso Boulevard in North Sacramento. <\p>
5 things: Downtown Sacramento eatery holds Friday grand opening
Welcome to Thursday, loyal readers. Here's what you need to know today.<\p> Want more local business headlines? Sign up for our morning and afternoon newsletters to get Sacramento business news delivered straight to your inbox.<\p>
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