North Bay Business Journal

Wells Fargo economist to speak June 9

Wells Fargo Senior Economist Gary Schlossberg will address the state of the economy in a June 9 breakfast presentation marking the kickoff of the 30th anniversary of the the Wells Fargo Center for the Arts.

Residential Real Estate: Investment firm Praxis buys 54-unit Texas apartment property

Santa Rosa-based Praxis Capital has acquired a 54-unit apartment complex in Austin, Texas. … Napa Pipe’s supplemental Draft Environmental Impact Report was released for comments on Feb. 14 and all comments are due by March 31. … Wells Fargo is forecasting that “exceptionally weak” demand will continue to challenge the housing market.

Small food-milling firm sees bright future

SEBASTOPOL – A long-time family-owned business in Sonoma County has jumped on opportunities offered by the soft real estate market and new SBA incentives to purchase its own building in Santa Rosa.

Wells Fargo Financial closes doors

NORTH BAY — Wells Fargo & Company announced the restructuring of the Wells Fargo Financial division, which will close 638 Wells Fargo Financial stores in the U.S. including an office in Santa Rosa and Fairfield.

The company expects to see 2,800 positions eliminated in the next two months and another 1,000 in the next year.

There are currently 14,000 positions at Wells Fargo Financial, and the remaining people will be moved to other Wells Fargo businesses.

Spotlight: Leaders in Commercial Banking

(Listed alphabetically by name)