Sacramento Properties News

Reno and Lake Tahoe Real Estate Industry Consolidated by Sacramento Entrepreneur (PR Newswire via Yahoo! Finance)
OBSNews.com -- Sacramento real estate broker and businessman Daniel "Dan" Jacuzzi, President and CEO of The Select Group , recently completed a merger of several of the most established real estate brokerages in the Reno and Lake Tahoe areas including: Coldwell Banker Village Realty, Coldwell Banker Incline Village, Century 21 Mountain Properties, Century 21 Tahoe Pines and Century 21 Goldcrest ...

Lowe Enterprises Selects Campus Advantage to Operate Significant Portfolio of Student Housing Properties (PR Newswire via Yahoo! Finance)
Lowe Enterprises, a diversified national real estate services organization, today announced it has selected Campus Advantage to take over operation of a prominent portfolio of student housing properties.

Sacramento school officials look at possible closures (The Sacramento Bee)
The Sacramento City Unified School District has arrived at a threshold that other urban, slow-growth districts have crossed recently: closing schools, consolidating campuses and renting out district property. The budget crisis, built-out neighborhoods and stagnant enrollment have pushed the district to explore how to cut costs and get more out of hundreds of millions of dollars' worth of ...

Elk Grove mall developer's finances shaky (The Sacramento Bee)
The developer of the oft-delayed Elk Grove Promenade shopping mall says it's in danger of going out of business, raising fresh doubts about the Promenade. General Growth Properties Inc.'s worsening financial condition was outlined in a filing Monday with the Securities and Exchange Commission. Retail experts said they're convinced the Elk Grove mall will be opened, either by General Growth or a ...

CalPERS' housing portfolio drops $3.2 billion (The Sacramento Bee)
CalPERS disclosed a $3.2 billion decline in its housing portfolio Wednesday, the latest major setback for the big pension fund. The California Public Employees' Retirement System said an exhaustive appraisal of CalPERS-owned homes and lots across the United States revealed a 35 percent drop in value in a few short years, testament to the horrific collapse in the nation's housing market. The ...

Priest threatens reporter during interview (Contra Costa Times)
Confronted with allegations that he argued with a parishioner over her display of Obama signs, a Fairfield priest lashes out at a newspaper reporter, police say

Interview turns ugly (The Reporter)
A Fairfield priest verbally and physically attacked a reporter during an interview Wednesday morning at the Our Lady of Mount Carmel Church, according to a report filed with police.Reporter Staff Writer Ryan Chalk went to the church to talk to the Rev.

CalPERS' housing portfolio loses 35% in a year (Los Angeles Times)
The country's largest public pension fund suffers a paper loss of $3.3 billion for the year ended June 30. An analysis says the loss was amplified by loans taken to ramp up the investments. The value of residential real estate investments owned by the country's largest public pension fund has plummeted 35% -- a paper loss of $3.3 billion for current workers, retirees and their state and local ...