West Capitol Avenue is looking pretty snazzy these days. Modern buildings with shiny, chrome lettering line clean, wide sidewalks. Newly planted trees lead to bright bus stops stylized with sculptured ‘W’s nearly 10 feet tall.
As Sacramento’s Next Economy initiative tackles job growth, it is looking at a spectrum of untapped industries — as opposed to singling out individual industries — ripe for expansion. That strategy is the hallmark of two groups in the Seattle area.
Sacramento loves regional planning. Take an issue — say, transportation or land use or coordination of local government — and a group will sprout to chart a course.
Remember comedian Rodney Dangerfield’s famous catchphrase, “I don’t get no respect?”
Developers revamping the 700 block of K Street are turning back the clock on a blighted avenue that was, half a century ago, a thriving business and residential hub.
Not unlike most Capital Region developers, New Faze Development
has been through some very serious and trying financial scenarios
during the past four years. The North Sacramento-based company
has abandoned projects, lost properties and seen its lenders go
out of business.
Historic allure and prime location are drawing enthusiastic residents to Sacramento’s newly renovated Maydestone apartment building at 15th and J streets.
Is the master-planned community dead? Earlier this year, the Los Angeles Times painted the picture for homebuilders quite clearly when it posed that question.
Carissa Carpenter had her eye on Mare Island for the location of a state-of-the-art movie and television studio plus production company. Headed by Carpenter and studio president Howard Kazanjian, renowned producer of blockbuster films such as “Raiders of the Lost Ark” and “Star Wars: Episode VI – Return of the Jedi,” the studio aimed to be an alternative to Hollywood’s heavily booked and expensive movie sound stages.
With the real estate market in the tank, many investors are thinking twice about real estate investment trusts, or REITs. And that suits Jim Johnson just fine.