Intero Real Estate Services-East Bay Expanding to the Central Valley!

The Company is pleased to announce that their franchise is growing. A new office location will be opening in mid-August. This 3500-square-foot office space at 118 E. 11th Street, Tracy, CA 95376, is in the heart of Tracy. “I am truly honored to be part of such an amazing company under the leadership of Rishi Bakshi. I am looking forward to spearheading our Central Valley office in Tracy and being a part of this amazing opportunity for us all.”

Broker and General Manager, Rishi Bakshi says, “This new location will be our seventh office and we look forward to building a team there. In every market our agents serve, there is a community that will see a benefit from it. Tracy presents a great opportunity to be a difference maker not only in the real estate business but in the neighborhoods we service.” He also went on to announce that Sharmaine Capelli, current Broker and Assistant Manager of the Livermore Office, will be leading the new Tracy office as the Branch Manager. Ms. Capelli says, “I am truly honored to be part of such an amazing company under the leadership of Rishi Bakshi. I am looking forward to spearheading our Central Valley office in Tracy and being a part of this amazing opportunity for us all.”

https://www.businesswire.com/news/home/20210726005754/en/Intero-Real-Estate-Services-East-Bay-Expanding-to-the-Central-Valley%21

Mister Car Wash expands presence in California’s Central Valley

Mister Car Wash Inc. is expanding its presence California, United States, with the addition of two new Central Valley locations in Turlock and Riverbank, announce the company.

The Turlock location opened earlier this week, and the Riverbank location is scheduled to open in August. Mister has 39 locations throughout the Golden State.”We’ve seen tremendous growth in California since first entering the state in 2017,” said Ryan Darby, vice president of development and construction at Mister Car Wash. “These two new locations expand our footprint in the Central Valley and complement the existing network of stores throughout the region giving our customers and members even more options to keep their cars shining.”

Headquartered in Tucson, Arizona, and with over 25 years of car wash experience, Mister Car Wash, Inc. operates over 340 car washes nationwide and has the largest car wash subscription program in North America.

https://www.petrolplaza.com/news/27825

East Hills Mall sells to investors in Southern California

A Southern California-based real estate development partnership has paid about $7.2 million for the former East Hills Mall, reviving hopes that the dilapidated property in northeast Bakersfield can be put to good use after years of disuse. The new owners, led by developer-investors Stephen Zimmerman and Michael Heslov, on Thursday announced plans to demolish the entire 350,500-square-foot mall and possibly replace it with a mixed-use project. Details of their proposed redevelopment were not disclosed.

The transaction represents the first sign of investment at the 36-acre site since 2017, when a group of local investors agreed to pay $8.75 million for the property. Their plans ultimately fell through, and in December 2019 ownership of the 33-year-old mall reverted to owners led by Modesto-based Save Mart Supermarkets. Zimmerman said in a news release Thursday the new owners were impressed by Bakersfield’s diverse economy and quality of growth and development. “This property is extremely well located and is ideally suited for new commercial and perhaps mixed-used development,” he stated. Added Heslov, “The city of Bakersfield has demonstrated support for the redevelopment of this property and we look forward to working with them and the community to bring about a quality project.”

City government said by email it is hopeful about the project and what it can offer the surrounding community. “We also look forward to working with the developers,” he said. “The city stands ready to facilitate the development process and have productive discussion when a project proposal comes forward.” Observers in the local real estate industry have long speculated what might make the best reuse of the property, which has deteriorated in recent years as people have repeatedly broken into the vacant mall and caused extensive damage. Some real estate people have said housing might make sense there, or entertainment, or some combination of the two. Retail might also work there but there’s a worry that e-commerce has limited consumers’ appetite for a large grouping of conventional department stores and shops.

State records show Zimmerman is president of Arizona-based ZDI Inc., which has offices in Santa Monica and Van Nuys. They show Heslov is active in Southern California as well. Kern County property records indicate the sale was recorded Wednesday. They show the property’s ownership was divided among five limited liability companies. The largest share went to 1240 Palmetto LLC, with 47.7 percent of the property. Palmetto Group LLC took 26 percent and Valley Oaks Investments LLC got 15.3 percent. Terrace Properties LLC obtained 6.2 percent and Hope Shields LLC (misspelled on the deed as Hope Sheilds LLC) secured 4.8 percent.

Among the ownership entities, only one — Nevada’s 1240 Palmetto — is based outside California. The seller and buyers were represented by Orbell Ovaness, Ara Rostamian and Aren Ohanian of Marcus & Millichap. Cushman & Wakefield/Pacific principal Vincent Roche consulted on the transaction.

https://www.bakersfield.com/news/east-hills-mall-sells-to-investors-in-southern-california/article_19ae8852-d545-11eb-98d7-937b4d7f792a.html

 

A new $350M casino is breaking ground off Highway 99

The Las Vegas company behind bringing a new Native American casino to Madera County is close to breaking ground, according to a high-ranking official close to the project. The California State Supreme Court cleared the way in September for Las Vegas-based Red Rock Resorts to build North Fork Rancheria’s casino off of Highway 99 near Avenue 18 just north of Madera, less than 40 miles east of the Chukchansi Gold Resort & Casino and Table Mountain Casino.

The new casino could take about 18 months to finish once crews break ground, which is expected by the end of June, according to Stephen Cootey, chief financial officer for Red Rock. “As of now, the budget for the full completion of this project excluding any financing costs is expected to be between $350 million and $400 million,” Cootey said May 4 in a call with investors. He went on to say the project is expected to cover 213,000 square feet, including 100,000 square feet in casino space, plus 2,000 slots and 40 table games. There will also be two restaurants and a food hall. Officials with the North Fork Rancheria, home to the Mono Indians, said more on the new casino may be available in the coming month or so but declined to discuss it on Monday, according to Charles Altekruse, spokesman for the North Fork Mono.

ECONOMIC IMPACT

The success of new hospitality destinations in an area not already known to draw a large amount of tourists can be hard to predict, according to economist Jeffrey Michael from the University of the Pacific in Stockton. “That’s the tricky thing with a lot of hospitality, drawing new visitors or just diverting dollars from others nearby,” he said. But, Madera County officials are more confident of the long-term success of the new casino that’s taken nearly two decades to clear legal hurdles.

Madera’s casinos do draw tour buses of people from out of the area looking to play slots and table games, Kahn said. He added that the new casino will likely be a hot commodity when it’s first built, but shouldn’t be a long-term damper on other tourist attractions in the area. “I think it will have some affect, naturally,” he said. “I think in the long-run it will all level out.” The North Fork Rancheria of Mono Indians is a federally recognized Native American nation with more than 2,200 tribal citizens and government offices in Madera County.

https://www.fresnobee.com/news/local/article251299623.html

This global company is bringing a new dessert shop to Clovis

Beard Papa’s, an international dessert shop specializing in cream puffs, plans to open its first shop in Clovis. The shop is expected to open in late summer, according to the company.

Founded in Japan, the company is keeping mum on where it will be, but real estate firm Retail California reported to The Bee’s leases section that the company has leased a spot in The Trading Post shopping center at the southeast corner of Herndon and Clovis avenues. Beard Papa’s is slated to take over the empty space next to Baskin Robbins. The shop sells cream puffs – a light French pastry filled with custard in various flavors. “All of our puffs are this golden flaky shell on the outside, with a soft, airy custard on the inside that is so amazing,” said Tucker Kaufman, head of marketing and social media.

The shop offers several types of shells of puffs, the tops dipped in the customer’s choice of glaze, like chocolate, strawberry or an Oreo topping. Customers also pick which filling they want from the menu – vanilla, chocolate or green tea custard. In addition to the standard menu flavors, Beard Papa’s also has monthly flavors like a churro cream puff with horchata filling, or a boba puff with the little round balls from boba tea inside the custard.

The cream puffs sell for around $3.40 each. A little smaller than the average person’s fist, the puffs are larger than the ones typically made by home cooks or sold in local bakeries, Kaufman said.

BEARD PAPA’S

Beard Papa’s got its name from Yuji Hirota, who opened a bakery in 1999 in Osaka. His fluffy white beard was so noticeable that he became known as “beard papa” to his customers. The company has more than 400 locations worldwide and is expanding in the United States. It has shops in Los Angeles, San Francisco, New York, Chicago and several other large cities. Beard Papa’s has a few other desserts on the menu, including mini cheesecakes, and drinks. But its specialty is the cream puffs. “We have this amazing cult following,” Kaufman said. “People who know us, they love us.”

The company joins others opening in the Fresno area that specialize in one dessert, like the new locations of Crumbl Cookies, Nothing Bundt Cakes and Crave Cookie, which opened its first shop with a drive-thru recently. Said Kaufman from Beard Papa’s: “It’s such a niche dessert, but we are a luxury dessert destination. It’s not like doughnuts where you find them on every street corner.”

https://www.fresnobee.com/living/food-drink/bethany-clough/article251237549.html

NEW EAGLE MOUNTAIN CASINO BUILD KICKS OFF IN PORTERVILLE

Nearly 200 people were in attendance earlier this month for the groundbreaking of the new Eagle Mountain Casino in Porterville. The casino, currently located on the Tule River Reservation in the foothills, will be moving 20 miles down the mountain near the Porterville Airport. Located on 40 acres at 2760 W. Yowlumne Ave., the new casino will have 1,750 slot machines, table games, a 2,000-seat event center and a few restaurants on 100,000 square-foot property.

An artist’s rendering show the interior and exterior of the new Eagle Mountain Casino being built in Porterville.  “When we put those shovels in the ground, my heart goes out thanking you who put in the long hours, those of you walked the halls in DC and the State Capitol, those that moved machines all night long, those that worked double shifts because it was so busy and you didn’t want to leave your teammates hanging there—I thank you on behalf of the tribe, tribal members, descendants, and everyone whose been benefiting,” said William Garfield, Tule River Tribe chairman.

National hospitality design firm HGB designed the casino and W.E. O’Neil was selected to do the construction. W.E. O’Neill has offices all over the Western U.S. The casino will integrate local key elements of the tribal land and the tribe’s relationship with it. It will feature a lodge aesthetic with wood and stone structural expressions, according to a news release. “Since we began the planning and design process, the ownership team has always been extremely open and professional in sharing their project vision and goals, inviting our team to become partners in their development journey,” said Joe Baruffaldi, principal at HBG Design. “They have immersed the design team in tribal culture and heritage and graciously embraced our conceptual storytelling as it extends into the architectural and interior design aesthetic.”

The new Eagle Mountain Casino is expected to open in December 2022. The casino project is expected to create approximately 400 construction jobs and 300 or more full-time and part-time casino operation jobs. “Moving forward, this is about our people and our neighbors working together to make a project that is going to benefit us all. Providing additional law enforcement, fire protection and EMS services and ensure everyone is kept safe and enjoyable time,” said Tribal Chairman Neil Peyron.

https://thebusinessjournal.com/new-eagle-mountain-casino-build-kicks-off-in-porterville/

T-MOBILE INKS LEASE IN KINGSBURG FOR 1,000-EMPLOYEE CENTER

After some three years of negotiations, phone giant T- Mobile has inked a lease of the former K-Mart building in Kingsburg, according to real estate sources. The property is owned by State Foods grocery chain owner Mike Alamsi, who was unavailable for comment. San Francisco-based Swinerton Builders has received a permit to begin demolition in the interior of the sprawling K-mart building that will house the new T-Mobile call center. The demolition permit alone is $1 million. The same big builder will be doing the tenant improvements that will follow. The vacant 105,000 square-foot building is at 333 Sierra St.

A demolition permit was issued Jan. 26 for the major project that is expected to bring hundreds of new jobs to the area in early 2022, says Kingsburg Economic Development Coordinator Jolene Polyack. The center is expected to employ around 1,000 when in full operation.

https://thebusinessjournal.com/t-mobile-inks-lease-in-kingsburg-for-1000-employee-center/?mc_cid=a97a003870&mc_eid=6fb731bbc6

 

Dave’s Hot Chicken Signs Deal to Open 20 Stores in Central California

Dave’s Hot Chicken announced today it has inked a franchise agreement with DAMM Fine Chicken to open 20 locations throughout Central California.  “During this exciting period of growth, we want to partner with experienced and qualified franchise partners to help accelerate our momentum. The DAMM Fine Chicken team fits that bill perfectly,” says Bill Phelps, CEO of Dave’s Hot Chicken. “Their experience will be crucial as Dave’s Hot Chicken continues its expansion throughout California.”  “Dave’s Hot Chicken instantly stood out to us from the other chicken concepts that are out there,” says Martha Olmos, the Chief Operating Officer for DAMM Fine Chicken. “They have a great innovative product that people love and continue to crave long after they first tried it. Our team is looking forward to the future with Dave’s Hot Chicken.”

The DAMM Fine Chicken team brings with them over 30 years of experience in the restaurant industry to Dave’s Hot Chicken. The operators were formerly owners of several Taco Bell locations, and currently own over 20 Blaze Pizza restaurants. The team will focus on adding Dave’s Hot Chicken locations throughout the Central Valley, Central Coast and Sacramento areas of California. The DAMM Fine Chicken team believes strongly in becoming part of the fabric of the community and plan on supporting local non-profits in their communities.

Founded by classically-trained chef Dave Kopushyan and three friends in early 2017, Dave’s Hot Chicken initially opened as a parking lot pop-up, with lines quickly wrapping around the block. Since then, the brand has exploded in popularity and now has multiple brick-and-mortar locations open in Southern California. Today, the fast-casual brand has its sights set on growing throughout the United States through franchising and has several multi-unit agreements in development.  Specializing in hot chicken tenders and sliders, with spice levels ranging from “No Spice” to “Reaper,” each restaurant also serves sides of house-made Kale Slaw, creamy Mac & Cheese and crispy Fries or Cheese Fries.

https://www.qsrmagazine.com/news/daves-hot-chicken-signs-deal-open-20-stores-central-california#:~:text=The%20DAMM%20Fine%20Chicken%20team%20will%20focus%20on,Chicken%20to%20open%2020%20locations%20throughout%20Central%20California.

Tractor Supply Company is Coming to the City of Merced Soon

The city of Merced announced today that Tractor Supply Company is coming soon. The new business will be opening at the Gateway Marketplace located at Emission Avenue and near the new Arco Station. According to the developers, the store will be Tractor Supply’s new formats and the largest in the market area.

http://www.mercedgwnews.com/tractor-supply-company-is-coming-to-the-city-of-merced-soon-this-is-what-the-city-said/

Merced irrigation firm opens Tulare storefront

A Merced-based farm irrigation system retailer has made its first foray into the South Valley with a new Tulare storefront. Central Irrigation specializes in agricultural irrigation system design and installation, ranging from full ranch development to simple maintenance. The new Tulare store joins existing retail locations in Merced and Chowchilla.

https://www.newsbreak.com/california/merced/news/1524317962564/merced-irrigation-firm-opens-tulare-storefront