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Area dairies faced with sales decline, rising costs

By NORA HESTON TARTE
Business Journal Writer
nhestontarte@cvbizjournal.com

 

Cows eat their morning meal at Kaehler Dairy in San Joaquin County on a recent Friday.

SAN JOAQUIN COUNTY — Milk sales and prices are down, and that could spell trouble for Central Valley dairy farms.

 

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Stockton Taco Bell location sells for $1.45M

 

Taco Bell on Wilson Way in Stockton was recently sold for $1.45 million.

The long-standing Taco Bell in Stockton at Wilson Way, between Oak and Park streets, was recently sold to Sacramento-based M&M Trust.

Santa Monica-based TB Stockton, LLC, sold the fast-food restaurant for $1.45 million ($882 per square foot). The 1,644-square-foot Taco Bell has stood at that location for 48 years, with the most recent remodel being completed in 1992.

Hanley Investment Group represented the seller, and Veritas Investment Realty Investors of Rocklin represented the buyer.

“Many investors were attracted to the strong lease guarantee provided by the tenant, a seasoned operator with 33 existing franchise locations,” said Corey Olson, Senior Associate with Hanley Investment Group and one of the seller representatives. Olson noted that the location benefits from 280,000 residents within a five-mile radius... Read More

Oak Valley reports releases Q2 results, shows net income increase

Oak Valley Bancorp, the holding company for Oak Valley Community Bank, recently reported an increase in its net income for the second business quarter over the first business quarter of the year.

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Grape Harvest Safety Seminar to be held

The Lodi District Grape Growers Association and the Lodi Winegrape Commission will hold their annual Grape Harvest Safety Seminar on July 25.

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California leads the U.S. in CEO departures

Across the nation, 95 chief executive officers have resigned their positions in June, up 18.7 percent from May when 80 resigned their positions.

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Investment firm continues to see growth based on relationships

 

Larry Watts, CFP, CPM is the senior vice president and branch manager of Stifel’s Stockton office.

STOCKTON — Larry Watts has made a career based on relationships.

Business based on relationships is what drew Watts, a Branch Manager and Senior Vice President/Investments, to Stifel (pronounced stee-ful), a full-service wealth management and investment banking firm.

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Save Mart opens new store in Ceres

The Save Mart Companies opened a new 43,000-square-foot location in Ceres today. The store is the eighth location to feature the company’s updated branding.

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