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Sacramento Business Journal
Why this mixed-income housing project in Carmichael would stand out
A mixed-income project in Carmichael awaiting a final Sacramento County Planning Commission vote might be able to proceed more quickly than most.<\p> That's because the developer is requesting no subsidy to build 81 units on Mission Avenue, instead relying on a density bonus to make Mission Avenue Apartments West and Mission Avenue Apartments East pencil out, said Dominic Mogavero, director of development services at Sacramento-based Mogavero Architects.<\p>
FTC noncompete ban suffers setback
The Federal Trade Commission’s broad noncompete ban suffered a legal setback after a federal judge in Texas ruled against the agency on July 3.<\p> U.S. District Judge Ada E. Brown of the Northern District of Texas, said in a ruling that the agency “lacks substantive rulemaking authority” on the matter and granted a preliminary injunction on the controversial rule that could affect employers in a broad range of industries. <\p>
The National Observer: America's most-on-time airports
Welcome to The National Observer, a roundup of top business news and actionable insights from across The Business Journals network of publications. Today, we're looking at a big change to federal rulemaking that could affect businesses, the hidden costs of owning a home, and federal grants for 12 tech hubs across the U.S. But first, you may want to pack your patience for these routes — they're the most delayed flights in the U.S.<\p> Get more stories like these every day in your inbox by subscribing to The National Observer newsletter.<\p>
Data-center debate: Booming CRE sector grapples with big questions
The proliferation of data centers across America is helping to power the nation's increasingly digital economy — but for some, it's coming at too high, or too unknown, of a cost.<\p> The data-center boom isn't new, but the rate at which these projects are being planned, proposed and built is quickly escalating. And while data centers once were concentrated in a few key markets, they're now fanning out to metro areas all over the country.<\p>
5 things: New nightspot opens in Midtown Sacramento
Welcome to Monday, loyal readers. Here are the headlines you missed while savoring the air conditioning over the weekend. <\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>
UC Davis Health makes new appointments to executive team
UC Davis Health has made some changes to its executive leadership team, after some departures last year. <\p> Michael Condrin is now the system chief operating officer and chief administrator of UC Davis Medical Center, according to a post on LinkedIn from the health system. <\p>
Increasingly, home insurance of last resort is only option
In case it wasn’t clear California's residential insurance market is in crisis, it’s emblematic that the fire insurer of last resort is now the state’s fastest-growing insurer.<\p> The California FAIR Plan Association has nearly tripled in size over six years from 126,709 policies in 2018 to 365,694 policies in 2024. In February this year, the FAIR Plan wrote its record-breaking number of new policies for a single month.<\p>
Oak Park proposal would turn Broadway retail site into housing
A retail site next to Oak Park Brewing Co. in Sacramento would become a new urban-style housing project under a new proposal.<\p> At 3500 Broadway, the proposal calls for demolishing existing buildings for a new three-story project of apartments and ground-floor retail space.<\p>
New pizzeria opens in former Pizza Bell space in Elk Grove
A new Elk Grove pizzeria has replaced longtime community staple Pizza Bell, which operated out of the space for 39 years.<\p> Pizza Bell announced earlier this year that it would be closing its location at 8591 Elk Grove Blvd. on April 28. At the time, former owner Patricia Cox told ABC10 the closure was due to the increasing cost of doing business. The announcement led to an outpouring of community support.<\p>
Insights from new CEOs: Vida Thomas, Oppenheimer Investigations Group
On June 4, we hosted the latest in our quarterly series of dinners with new CEOs of Sacramento area companies and nonprofits. Our discussion that evening at the Grange Restaurant & Bar was off the record, but as is our usual practice, we circled back later with a series of questions on the record. We're publishing our guests' responses, edited for length and clarity.<\p> Managing partner, Oppenheimer Investigations Group<\p>
Fremont logistics company expands into Sacramento at Metro Air Park
Fremont-based supply chain management company ALOM is ramping up a new 170,000-square-foot fulfillment center in Sacramento that will feature an isolated 12,200-square-foot, fire-rated battery storage area.<\p> The new ALOM facility is on a long-term lease in a 240,000-square-foot building developed by Sacramento commercial real estate company Buzz Oates in Metro Air Park.<\p>
Beazer Homes buys lots from another builder in Rancho Cordova
Beazer Homes has made a move into Rancho Cordova by buying lots in the Anatolia area of the city from another builder.<\p> Arista, west of Grant Line Road and north of Chyrsanthy Boulevard, should break ground in upcoming months, Beazer Northern California Division President Luke Wissmann said in an email.<\p>
Here's what Arden Fair mall is proposing for its former Sears space
The owners of Arden Fair have expressed interest in adding an experiential user unlike anything the mall currently has, and it appears they might have found one. <\p> Plans were filed in Sacramento this week for a site plan and design review involving a remodel of the former Sears anchor building and adjacent auto repair center at 1601 Arden Way for a Dick's House of Sport — the large-format concept from Pennsylvania-based Dick's Sporting Goods Inc. <\p>
5 things: Fast-growing fitness chain opens sites in Elk Grove, Folsom
Welcome to Friday, loyal readers. Hope everyone had a great Fourth of July. 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>
Insights from new CEOs: Serhiy Kushnir, EV's Republic
On June 4, we hosted the latest in our quarterly series of dinners with new CEOs of Sacramento area companies and nonprofits. Our discussion that evening at the Grange Restaurant & Bar was off the record, but as is our usual practice, we circled back later with a series of questions on the record. We're publishing our guests' responses, edited for length and clarity.<\p> Founder, EV's Republic<\p>
Here's what Rancho Cordova wants to see with the Waegell property
Contours for how more than 1,300 acres at the southern end of Rancho Cordova should be developed have started to form, with City Council members this week weighing in on the Waegell property.<\p> Council members, city staff and developer Reynen & Bardis Homes all said the 1,344-acre property has geographic attributes and existing natural features that both limit and should inform the housing it'll have.<\p>
Restaurant chain known for its beer list could join Folsom's Palladio
A restaurant chain known for its extensive selection of draft beer is eyeing a location in Folsom's Palladio at Broadstone, according to a public filing.<\p> Yard House USA Inc. has applied for a license to serve alcohol at 350 Palladio Parkway, Suite 1941, according to records from the California Department of Alcoholic Beverage Control. It appears that address corresponds to a 14,000-square-foot space most recently filled by retailer Stichic. Prior to that, it was occupied by another clothing store: Forever 21.<\p>
Opinion: More access to broadband needed to achieve economic equity
In today’s society, internet access is no longer a luxury, it’s a necessity. However, in California, a significant portion of the population — about one in five residents — still lack reliable high-speed broadband and the skills to use it effectively. <\p> To bridge this digital gap, the Newsom administration launched the Broadband for All initiative. This multibillion-dollar program aims to eliminate the digital divide by providing access to high-speed internet for all Californians. While progress has been made, California’s vast size and nearly 40 million residents mean that ongoing investment and coordinated actions are necessary to ensure the program’s success. <\p>
5 things: Here's where Dutch Bros just opened a new local site
Welcome to Thursday, loyal readers. Here's what you need to know on the Fourth of July.<\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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