Deleveopment & Real Estate

$47 million headed to railyards

Jun 20th, 2008 | By admin | Category: Deleveopment & Real Estate

The state Department of Housing and Community Development is poised to award $47 million in state bond funds for the construction of roads and other needed infrastructure in the downtown railyard.
If Housing and Community Development Secretary Lynn Jacobs signs off on the award Friday, it will be the largest amount given to any of the [...]



Sacramento International Airport Expansion

May 14th, 2008 | By admin | Category: Deleveopment & Real Estate

Sacramento County supervisors are moving ahead with a $1.3 billion expansion to Sacramento International Airport despite objections by airlines.
The supervisors plan to increase airline fees to pay for a new terminal, hotel, parking garage and people-moving tram. They unanimously agreed this week to boost the fee the airport charges each airline, from an average of [...]



City Opens Plans for Light Rail Expansion

Feb 11th, 2008 | By Matthew | Category: Deleveopment & Real Estate, Sac News

Sacramento got its first look Saturday at plans to extend the city’s Regional Transit light rail lines, carrying passengers from downtown Sacramento to the Sacramento International Airport.
At an open house on the project’s draft environmental impact report, attendees at Sacramento’s Inderkum High School got the chance to check out displays and talk with project team [...]



Sacramento’s Eminent Domain Case

Dec 21st, 2007 | By Matthew | Category: Deleveopment & Real Estate, Sac News

The city of Sacramento will likely head to court in January to force downtown property owner Moe Mohanna to sell his K Street properties.  The City Council voted Tuesday to authorize the court action, but it won’t be filed before year’s end, said Assistant City Manager John Dangberg.  Dangberg said city and redevelopment agency staff [...]



Nice foreclosure map

Dec 2nd, 2007 | By Matthew | Category: Deleveopment & Real Estate

I saw this little map in the Sacramento Bee
http://projects.scoopytube.com/foreclosures/map.html
It is interesting to see where the majority of foreclosures are occurring.   I think we will see the fallout from this for several more years to come.
[tags]Sacramento,Foreclosures[/tags]



Why so many foreclosures

Nov 28th, 2007 | By Matthew | Category: Deleveopment & Real Estate

According to forclosures.com, Sacramento County has 31,028 homes in Preforeclosure, 14,334 in auction, and 8,927 already bank owned.  This is some of the worst foreclosure rates in the country.  I think the Sacramento housing market was oversold.  Hopefully we can recover from 10’s of thousands of homes being foreclosed.
[tags] Sacramento, foreclosure, real estate [/tags]



Housing crashing hurting downtown

Nov 28th, 2007 | By Matthew | Category: Deleveopment & Real Estate

It is sad to see development after development get canceled in the downtown area.  Sacramento needs to continue to develop our downtown area and we just cannot seem to get it done.
Budget crunch leads state to scrap plans for Sacramento office
Hers’s to hoping 2008 will be a better year!
[tags] Sacramento,  Development [/tags]



Sacramento Railyards

Oct 2nd, 2007 | By Matthew | Category: Deleveopment & Real Estate, Sac News

Huge spotlights illuminate buildings at Sacramento’s downtown railyards. The new owner of the property, Thomas Enterprises, wants to literally shine a light on the future of the site as it moves forward with plans to redevelop the land. It’s part of an effort to generate enough energy to push the project off of the drawing [...]



Crocker Art Museum

Jul 26th, 2007 | By Matthew | Category: Deleveopment & Real Estate, Sac News

The Crocker Art Museum officially broke ground today on its 125,000-square-foot expansion with a ceremony involving city and county officials and donors to the project. The groundbreaking begins a nearly three-year construction and move-in process with a grand opening expected in early 2010.
The new wing, designed by Gwathmey Siegel & Associates Architects of New York, [...]



Only you can stop sprawl!

Apr 12th, 2007 | By Matthew | Category: Deleveopment & Real Estate, Politics, Sac News

Do you care about sprawl in the greater Sacramento area?  We need more infill projects, not large developments outside of urban areas.  Especially when those areas do not have the infrastructure to support the growth.  Rancho Murieta is one such area.  For those that are not familiar with Rancho Murieta, it is located about 25 [...]