Biz Buzz: Retail vacancy rates hit low in region
Retail vacancy rates in the Sacramento region reached their lowest point in more than two years during the first quarter of 2012, according to a first quarter market report by Roseville’s Voit Real Estate Services.
The retail market posted 167,724 square feet of positive net absorption in the first quarter this year, and availability dropped to 11.13 percent, a decrease of more than four percent year over year, according to the report.
“These numbers are moving in the right direction, and there is room for optimism as 2012 progresses,” said Kevin Sheehan, managing director of Voit’s Roseville office. “While these are all positive indicators, stability and job growth will need to be sustained in order for the market to continue its recovery.”
First Bank’s Janette Moynier recently received a 2012 Distinguished Alumni Award from Heald Business College. Moynier, a vice president and area manager for First Bank, received the award in recognition for 24 years of service to the banking community in Placer County and for dedication to the community through service to the Placer Care Coalition, the Roseville Chamber of Commerce and the Downtown Merchants Association. The award also recognized Moynier for her guidance and inspiration to fellow workers and the ability to balance family, career and community.
Coleman, Chavez & Allen, LLP is a law firm with a new location at 3200 Douglas Blvd. suite 110, occupying approximately 4,000 square feet of office space. The firm is primarily focused on the defense of workers compensation claims and related litigation. Chad Coleman, Richard Chavez and Christine Allen are established the firm on Feb. 11, 2008.
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