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Business & Economy - page 25

Local businesses, major employers, retail development and the regional economy.

Record Breaking Apartment Sale in Turlock by the Mogharebi Group

in Business & Economy

TURLOCK, Calif.–(BUSINESS WIRE)–The Mogharebi Group, (“TMG”) has completed the sale of Arbor Manor Senior Cottage Homes, a 49-unit senior community located at 140 West Minnesota Avenue in Turlock, California. The property sold with multiple offers for a record-setting sales price of $7.2 million or $147,000 per unit.

“Due to strong in-place cash flow and desirable central location, Arbor Manor provided stable occupancy and collections with proven value-add upside,” says Bryan LaBar, Vice President of The Mogharebi Group. “As a result, there was a high level of interested buyers for this asset. Through our proprietary 1031 exchange platform that includes a robust network of private, high-net-worth and exchange buyers, we were able to drive the value and successfully close at a record price for Turlock.”

Bryan LaBar and Otto Ozen of The Mogharebi Group represented the seller, a northern California private investor. The buyer, a private investor based in the bay area was represented by Robin Kane, also of The Mogharebi Group.

Continue Reading on Businesswire

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Turlock High Grad Honors Late Daughter Through Candle Business

in Business & Economy

Denair resident and Turlock High School alumna Kaylee Shipman is helping those stuck inside during the pandemic fill their homes with a little bit of warmth — and some sensational aromas — all while celebrating the memory of her late daughter. 

Shipman first started her business, MC Candles, in October 2019 and has since amassed thousands of followers on social media, providing homemade products to residents of not only her own town but Turlock, Modesto, Hughson, Chowchilla and even other states. She knows many people may not understand the name of her business, but that’s alright; it means something incredibly important to her.

“MC Candles is named after my daughter, Madalynn Corvello,” Shipman said.

Shipman’s daughter Madalynn was born in November 2017 but passed away shortly after her birth. She would have been almost two years old when Shipman first started her business, which coincidentally got its start during the same month as Pregnancy and Infant Loss Awareness Day. The day of remembrance is held annually on Oct. 15 and sees participants light a candle in memory of a lost little one. 

Continue Reading on Turlock Journal

Popeyes Opens to Hungry Customers, Long Lines

in Business & Economy

Several years after the restaurant was first rumored to be headed to Turlock, Popeyes Louisiana Kitchen opened its doors in the Turlock Town Center this month. 

Popeyes was originally slated to build a drive-thru location on the corner of Countryside Drive and Tuolumne Road in 2018 next to Farmer Boys, but backed out of those plans and instead settled for a location across town. Located in the Turlock Town Center near Jura’s Pizza Parlor, Popeyes began interior improvements to its current building in the spring of 2020 and opened last weekend to a frenzy of excited customers.

Through various social media posts, Popeyes customers have shared on pages like Turlock To Go on Facebook a wait time of over an hour on some days, with the drive-thru line snaking out of the center, onto Canal Drive and over the train tracks. The wait all depends on what time of day you hop in line and how many others had the same idea as you, of course, but General Manager Vanessa Balero said the newly-assembled Popeyes team is doing all they can to keep up with demand.

Continue Reading on Turlock Journal

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Downtown Riverbank Coffee Shop Shows Progress

in Food & Drink/Business & Economy

What does one do when COVID restrictions have your primary interest virtually locked down? Well, if you’re Riverbank High School head varsity football coach, you can open a coffee shop in downtown Riverbank.

That’s just what Coach Anthony Buich is working on, a shop called Coffee Bruin, to be opened on Santa Fe Street, between Third and Fourth streets. It’ll be at 3310 Santa Fe, right next to Get Toasted, and across the street from Pizza Plus.

Buich said he’s hoping to finish up, get inspections passed, and open by the end of February.

In the meantime, he’s been working at the shop, where the new coffee bar is beginning to take shape. This past week, he was working on stripping down the concrete floor, getting it ready to refinish.

There’ll be several stations at the bar, featuring coffee brewing styles like latte, cappuccino and espresso.

Since last May, Buich and his wife Tayler have been filling orders for coffee, taken via their Facebook page, for raw coffee beans, either plain or ground before delivery. And they’ve been able to serve an area from Turlock to Oakdale, delivering the orders themselves.

Continue Reading on Riverbank News

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Turlock Mom Turns Bread Baking into Business

in Business & Economy

Nearly two years ago, Turlock resident and stay-at-home mom Megan Olson decided she wanted to try baking a loaf of bread to go with dinner. Little did she know, that one loaf would lead to her own business run from the comfort of her kitchen. 

Kneady Wife Bread Co. was formed shortly after, when Olson’s friends and family tried the bread she had baked and decided they wanted more for themselves. Soon, word began to spread quicker than butter on a hot slice of sourdough. Olson now makes up to 150 loaves per week and has customers throughout the 209 area code, providing fresh-baked goods to not only Turlock but communities like Hilmar, Hughson and Oakdale as well.

Olson takes bread orders on Facebook and Instagram, where she posts menu information and details about upcoming pop-up shops she plans on attending. Online orders are typically picked up by customers from Olson’s Turlock home, and those who purchase from her in person at vendor fairs have to get there early since she usually sells out in under two hours.

Continue Reading on Turlock Journal

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Denair Resident Creates Scrunchie Success One Stitch at a Time

in Business & Economy

Style fads come and go, but Denair resident Courtney Van Fleet is turning her creativity into profit through one timeless accessory. 

The 25-year-old entrepreneur and Denair High School graduate first learned to sew in 2017 after her grandmother encouraged her to take a class, she said. Since then, her sewing skills have grown from hand stitching drawstring bags to now producing anywhere from 300 to 400 scrunchies per month through her business, Sew Stitch’n Cute.

Van Fleet’s customer base started out small, but when a friend posted a photo of a Sew Stitch’n Cute scrunchie in 2019, she gained hundreds of new followers on her Instagram page and was flooded with requests for the stretchy, fluffy hair accessories. The business today boasts nearly 3,000 followers and Van Fleet has turned her talents into a full-time endeavor, spending four to six hours per day sewing scrunchies, keychains, steering wheel covers and even masks.

Continue Reading on Turlock Journal

Record Revenues Expected in California Budget Proposal

in Business & Economy

Governor Gavin Newsom last week submitted his 2021-22 State Budget proposal to the Legislature – a record $227.2 billion fiscal blueprint that is a staunch reversal from summer fears of a drop in California revenue.

The proposal provides funding for immediate COVID-19 response and relief efforts where Californians need it most while making investments for an equitable, inclusive and broad-based economic recovery. The Budget has benefited from stock market gains and income growth among the state’s wealthiest residents, which paints a picture of disconnect between California’s affluent and those who are struggling due to COVID-19.

“In these darkest moments of the COVID-19 pandemic, this Budget will help Californians with urgent action to address our immediate challenges and build towards our recovery,” Newsom said in a statement. “As always, our Budget is built on our core California values of inclusion, economic growth and a brighter future for all. The Budget makes progress towards the goal I set when taking office to harness California’s spirit of innovation and resilience and put the California Dream within reach of more Californians. I look forward to working with the Legislature to enact these critical immediate and longer-term priorities for our state for the 40 million who call the Golden State home.”

Continue Reading on Turlock Journal

Sale Tax Revenues Have Dropped but Not Like in Neighboring Cities

in Business & Economy

The bigger they are, the harder they fall.

While the sales tax revenue giants of Stanislaus County – Modesto and Turlock – are expecting significant reductions in sales tax revenue stemming from COVID stay-at-home orders since March 2020, Ceres city officials only expect mild decreases. That’s because Ceres has a smaller reliance on sales to meet budget demands than do the two larger neighbors.

“I’m hoping that it’s a minimal impact,” said Ceres City Manager Tom Westbrook. “When you look at Ceres as a whole, we don’t have a lot of those large sales tax generators, like the city of Modesto has the mall, which was significantly impacted; and the city of Turlock has Monte Vista Crossings. We’re kind of, hey, we’ve got some services, we’ve got some goods, we’re just kind of rolling along and so we didn’t feel the pinch that maybe those larger cities did.”

The city of Ceres showed minimal decreases in sales tax revenue for March, April, May and June of COVID. Westbrook said, in fact, that sales tax and Measure H public safety sales tax revenues came in slightly above what was projected because of the conservative approach.

Continue Reading on Ceres Courier

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USF Lunch Trucks Back in Service

in Business & Economy

The United Samaritans Foundation’s Daily Bread lunch trucks will once again be making their rounds throughout the county, feeding those in need following a 14-day hiatus due to a COVID-19 outbreak.

USF shut down all of its operations — including the nonprofit’s countywide lunch program that feeds approximately 1,700 people daily — on Dec. 21 after one employee tested positive for COVID-19. Consequently, all employees were tested and seven in total were positive for the virus, according to USF Executive Director Linda Murphy-Julien.

USF is now back in action following a 14-day shutdown to stop the spread of the virus between employees and a thorough cleaning of facilities, according to Murphy-Julien.

And, most importantly, according to the executive director, “full recovery is on the horizon for everyone.”

Continue Reading on Turlock Journal

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San Francisco Business Owner Blames Indefinite Stay-at-Home Order for Spike in Burglaries

in Business & Economy

SAN FRANCISCO (KGO) — Many San Francisco business owners are hoping city officials will intervene after an increase of burglaries city-wide are causing small businesses to pay for damages during an already tough time.

A popular set of restaurants on the Embarcadero are facing $10,000 in damages after a recent burglary.

“A whole bunch of outdoor heaters that were attached to umbrellas that were vandalized and some of them stolen. At Epic we actually had a break-in,” said Pete Sittnick, Managing Partner of Waterbar and Epic Steak.

Continue Reading on ABC 7 News

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