Say you are a business owner being sued in court. You firmly believe you are in the right, but the other side thinks they have a solid legal argument, too.
The case drags on for years. Finally, you agree to give up something in a settlement.
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As a growing hotel chain is planning to build a new hotel next to Highway 99 in Ceres, another chain is proposing to build another hotel in the neighboring city of Turlock.
On Thursday evening the Turlock Planning Commission will review the Marriott Towneplace project, a four-story, 91-room hotel on a two-acre parcel located at N. Tully Road next to the existing Comfort Suites and Days Inn.
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OAKDALE, Calif., Aug. 24, 2022 (GLOBE NEWSWIRE) -- Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp OVLY, announced the promotion of Tina Corgiat-Rey to Assistant Vice President, Branch Manager of the bank's Patterson Branch.
Corgiat-Rey is a seasoned banker who joined Oak Valley with over 20 years of experience. She began her career with Oak Valley as a New Accounts Representative at the Patterson Branch when it opened in 2005.
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MODESTO, CALIF. – Local shoppers who frequently play video games and shop at Save Mart, Lucky and FoodMaxx can earn rewards with their groceries to go towards video game purchases.
All Save Mart companies, which include Save Mart, Lucky and FoodMaxx, have launched a Gamer Rewards Program to give shoppers and gamers an opportunity to earn some rewards and stock up on their favorite video games.
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Hours before sunrise, Christine Gemperle lay in bed, snoozing an alarm set for 3 a.m. and dozing.
She waited until the chimes outside her window signaled that the wind had died down enough for her to spray insecticide on the 40 acres of almonds that surround her house.
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The city of Turlock has spent years without a comic book shop, leaving many collectors and enthusiasts with limited options. Luckily for the community, two friends have combined forces to create Turlock Comics.
Turlock Comics is owned and operated by Joey Aiello and Kyle Turner, who opened the shop on June 4. The pair decided to take the risk of opening the shop after bonding over the hobby amongst other aspects of their lives. Not only did they enjoy comic books and card games, but they each had experience in the military and took their daughters to the same gymnastics classes.
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One of California’s most visible wine companies is changing its name to emphasize its focus on organic and sustainable farming. As of Tuesday, Mendocino County’s Fetzer Vineyards — the 19th largest winery in the U.S., according to Wine Business Monthly — will be known as Bonterra Organic Estates.
The rebranding shows the power that organic messaging increasingly holds for wine consumers, and it follows a string of moves by other mass-production wine companies to signal their environmental stewardship. The country’s largest winery, E. & J. Gallo, for example, recently launched a line of organic wines with its ubiquitous Black Box brand.
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We’re halfway through the year and Turlock retailers already have had a bustling 2022.
Two companies have opened in new locations in the city, three construction projects are underway nearby and, unfortunately, one long-term business is calling it quits.
First, a Modesto-born brand has found a new home in Turlock. 5.11 Tactical, the military and law enforcement-focused apparel company founded by Modesto entrepreneur Dan Costa, opened a new store in Monte Vista Crossings earlier this year. The store, which fills the former Dress Barn space, has been operating in the popular shopping center since March.
The new site sells men’s and women’s outdoor and tactical clothing. The location is the company’s only corporate retail store in Stanislaus County, despite the brand’s origins in Modesto. Costa famously started 5.11 in 1999 with a single pair of pants, and sold the $300 million company in 2007.
While Modesto has stores, like Crescent Supply and Work World, that carry a selection of 5.11 products, there isn’t an official corporate store in the city. 5.11 has a factory store in Manteca. The Monte Vista Crossings 5.11 store at 3005 Countryside Drive is open from 10 a.m. to 8 p.m. Monday to Saturday and 10 a.m. to 6 p.m. Sunday. For more information, call 209-580-0640.
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Strong commercial property reports are still trickling in for the first part of 2022 — but can commercial’s rebound last in the face of rising interest rates and an unstable economy?
U.S. mortgage origination volume for commercial properties — including multi-family — increased a significant 72% over a year earlier as of the first quarter (Q1) of 2022. By property type, mortgage volume increased:
Accordingly, outstanding commercial mortgage debt increased 1.8% from the prior quarter in Q1 2022. Multi-family mortgage debt rose 2.1%, according to the MBA.
For reference, commercial mortgage originations were recently at their lowest in 2020 at the outset of the pandemic and 2020 recession, but quickly rebounded alongside rising demand. Commercial lending rose to a decades’ peak in Q4 2021. In a typical seasonal adjustment, originations fell back in Q1 2022, while remaining significantly higher than a year earlier.
The rise in commercial mortgage originations is a direct result of available commercial property falling below tenant demand, plunging vacancy rates to historic lows and encouraging investors to purchase.
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California is getting back into the electricity business to help shore up its shaky power grid.
The California legislature passed a measure late Wednesday that will give a state agency the authority to finance or buy power from any generator—including natural gas-fired plants—that can help prevent blackouts. The bill still requires the signature of Governor Gavin Newsom.
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