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Vallejo wine warehouse arsonist sentenced to 27 years
February 7th, 2012A federal judge in Sacramento today sentenced a 63-year-old Sausalito man to 27 years in prison and ordered him to pay $70.3 million in restitution related to the October 2005 fire at a Vallejo warehouse that destroyed an estimated $200 million to $250 million in wine.
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Report: Napa-Solano commercial real estate stabilizes
February 6th, 2012FAIRFIELD — Industrial real estate vacancy in Napa and Solano counties fell 1.4 percentage points in 2011, but immediate availability of office space in the two counties increased a percentage point over the year to even higher levels, according to reports released today.
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Strong 2011 puts Exchange Bank closer to ‘primary objective’ of dividend
February 6th, 2012Santa Rosa-based Exchange Bank earned $12.2 million in net income over the course of 2011, a 19 percent increase from the prior year that the bank attributed to developments such as strong core earnings and a reduction in problem assets.
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Wellpoint, Anthem to put higher premium on primary care
February 6th, 2012NORTH BAY — WellPoint Inc., the nation’s largest health insurance company and parent of Anthem Blue Cross, said it will pay physicians a higher reimbursement rate for primary care, a move aimed at reducing overall costs by rewarding preventative and quality care while hopefully addressing a nationwide physician shortage.
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Leases and sales: Week of Feb. 6, 2012
February 6th, 2012Commercial real estate leases and sales in the north San Francisco Bay area
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People: Week of Feb. 6, 2012
February 6th, 2012Civil Engineering Santa Rosa-based 15000 Inc. hired Jacob Miller, a mechanical designer. Mr. Miller is a graduate of California State University, Chico and a current member of the American Society of Civil Engineers. He has volunteered his time with the Marin Municipal Water District shadowing the engineering design, drafting, surveying, and construction inspection departments. Commercial [...]
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PlumpJack acquires Stags Leap property
February 1st, 2012NAPA VALLEY — PlumpJack Group today said it acquired the 40-acre Steltzner Vineyards property in the Stags Leap District of Napa Valley to produce estate-grown wines from that region.
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People: Week of Jan. 30, 2012
January 30th, 2012Click here for photo gallery Health Care The Northern California Center for Well-Being has hired Annette Zucconi as its new operations manager as part of its leadership team. Ms. Zucconi has dedicated over 20 years to non-profit community education work and brings a breadth of curriculum development, contract and program management experience to the Center [...]
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Forecast: Wine, grape prices to rise in 2012
January 25th, 2012SACRAMENTO — The prices of wine on U.S. store shelves could start rising this year because of an “emerging shortage” of winegrapes and wine plus a sales and marketing “blitz” last year, according to experts speaking at a major wine industry trade event this morning.
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Marin, Sonoma unemployment lowest in three years; Napa’s rate rises
January 20th, 2012NORTH BAY — Unemployment rates across the North Bay in December edged downward slightly or remained at essentially the same high levels as in November, and Marin County’s jobless rate fell below 7 percent for the first time in nearly three years.
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Net income jumps at Bank of Napa for 2011
January 19th, 2012NAPA – Bank of Napa, N.A. (OTCBB: BNNP) announced today that its net income for 2011 was $1.14 million, an increase from $247,000 in the previous year and one the bank attributed to “strong core deposit growth.”
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Bulk-wine inventory hits 12-year low
January 19th, 2012SANTA ROSA — The tightest inventory of top varieties of wine available for purchase in bulk in a dozen years and a dwindling supply of those winegrapes could extend the rise in pricing for those fine-wine components into this year, but wineries are hard-pressed to pass those cost increases to consumers who are continuing to look for discounts, according to experts at a major local wine industry seminar this morning.
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Wine executive MBA coming to Napa Valley
January 17th, 2012ST. HELENA — Sonoma State University’s master of business administration degree program targeted at wine industry executives is coming to Napa Valley this spring under a partnership with a large local trade association announced today.
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Raydiance weighs Petaluma expansion
January 16th, 2012Raydiance, developer of next-generation laser technology, is considering a major expansion in Petaluma this year. Other items in this commercial real estate column: Santa Barbara-based multifamily property investment firm Nevins Adams Lewbel Schell, or NALS, purchased the 292-unit Rolling Oaks luxury apartment complex at 3700 Lyon Road in Fairfield for $52 million, or about $178,000 a dwelling. … Prima Fluer Botanicals of San Rafael signed a five-year lease for the 14,400-square-foot warehouse and offices at 23 Pimentel Ct. in Novato. … An affiliate of San Francisco-based industrial real estate investor Lowenberg Corp. purchased a 101,700-square-foot warehouse in American Canyon, Lowenberg’s ninth North Bay holding. … As part of planned projects around the Bay Area, San Ramon-based gym chain 24 Hour Fitness has been upgrading its North Bay facilities.
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Feds create Coombsville, Fort Ross-Seaview appellations
January 16th, 2012Two new tightly focused American Viticultural Areas budded in the North Coast last week. Effective Jan. 13, the U.S. Trade & Tax Bureau established AVAs for Coombsville in southern Napa Valley and for Fort Ross-Seaview in western Sonoma County. … In other U.S. Trade & Tax Bureau news, the agency published a notice and requestion for comments in the Federal Register on Dec. 27 on proposed changes to the Certificate of Label Approval (COLA) form. … WineForce Consulting Partners is a relatively new North Coast wine marketing advisory. … St. Helena-based Wine Opinions (www.wineopinions.com) will be offering omnibus surveys of its wine trade and consumer panels, starting in February.
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Leases and sales: Week of Jan. 16, 2012
January 16th, 2012Commercial real estate leases and sales in the north San Francisco Bay area
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Business news: Week of Jan. 16, 2012
January 16th, 2012Cosmetics Assemblymember Jared Huffman will present his December Sustainable North Bay Award to Renaissance House of Beauty for its environmentally responsible products and business practices. In 2009, Renaissance became the first “green” certified hair and beauty salon in Marin County. For Renaissance, being green means being environmentally conscious about the products they use and retail, [...]
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LeDrew to head Treasury Wine Estates’ Napa-based unit
January 10th, 2012NAPA — Australia-based Treasury Wine Estates, whose North Coast wine portfolio includes Beringer Vineyards, Chateau St. Jean and Stag’s Leap Winery, today said it named Sandra LeDrew to lead its operations in North and South America.
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New Bradley at the helm of Bradley Real Estate
January 5th, 2012SAN RAFAEL — Bradley Real Estate, one of the North Bay’s largest home brokerages, is under new leadership after founder and CEO Melissa Bradley announced her retirement Wednesday.
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2011 top stories: New hospital, tech advances define year of the economy
January 2nd, 2012The national and local economy was on everyone’s mind in 2011. But as the Business Journal editorial staff set out to develop its Top Ten Stories of the Year, it quickly became clear that the North Bay was blessed with multiple economy-boosting projects and new commitments job creation.
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NBBJ Insider blog- Occupy Santa Rosa vs. Exchange Bank: The wrong target December 9, 2011
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