OAKLEY, CA-The Oakley Redevelopment Agency has extended exclusive negotiation agreement with Capital Partners Inc. for a planned Civic Center plaza development in the Downtown area.
SARATOGA, CA-The Saratoga Chamber of Commerce is actively looking for a new headquarters, as it waits for a city council decision that may exponentially increase its Lilliputian rent.
PACIFIC GROVE, CA-The Pacific Grove Planning Commission denies an extension proposal by the developer of a local retirement community. The developer is appealing the decision.
CONCORD, CA-City officials here have accepted an offer from developer Seecon Financial for a city-owned parcel in Concord. The 60,000-sf parcel was appraised at $750,000. The developer offered to pay $935,000.
SACRAMENTO-A Seattle real estate company acquires the 200-unit Greenhaven Lake Apartment from a private investor. The complex, built in 1980, is located seven miles from Downtown Sacramento.
TRACY, CA-Specialty retailer Crate and Barrel will double its warehouse capacity this fall when it moves into 261,000 sf at ProLogis' Patterson Pass Business Park. The warehouse includes 3,000 sf of office space.
FRESNO, CA-The urban landscape here won't be penetrating 600 acres in Madera if eight farmers accept a $4.6 million package that will enable them to swap their development rights for greenbacks.
OAKLAND, CA-A Development Counsellors International survey of about 250 corporate executives finds California has a very bad reputation. More than 50% of respondents listed California the least favorable business climate in the nation.
PALO ALTO, CA-A real estate equity firm acquires two office buildings here, both of which are leased to a law firm. The properties are subject to a ground lease with Stanford University that expires in 2054.
BIG SUR, CA-Had the Trust for Public Land and the U.S. Forest Service not purchased the 1,255-acre Brazil Ranch in Big Sur, the property would have been split up and sold for residential development.