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5 things: Nitty's Cider expands to Placer County, Woodland

5 things: Nitty's Cider expands to Placer County, Woodland

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Nitty's Cider expands to Placer County
A local cider maker has opened a new location.
A grand opening is underway for Nitty's Cider at Fowler Ranch near Lincoln, according to a social media announcement from the alcoholic cider business. The grand opening will be held through Sunday, the announcement states. Fowler Ranch is at 3111 Lincoln Newcastle Highway.
In 2022, Clarksburg-based Nitty's Cider opened an East Sacramento tasting room at 3201 Folsom Blvd.
The cidery is also planning a Woodland location, local journalist Wendy Weitzel has reported.
City faces legal threat in Railyards infrastructure district dispute
Opponents of an expanded enhanced infrastructure financing district for the Railyards development in Sacramento threatened legal action Thursday, saying city leaders were taking too long to tabulate protest letters against the expansion.
At a news conference near Sacramento City Hall, Aamir Deen of labor union Unite Here Local 49 said the city isn't following state law for creation or expansion of an EIFD by not certifying the protest letters in a timely manner.
Senior Reporter Ben van der Meer has the latest on the Railyards infrastructure district dispute.
New ordinance could boost Sacramento's nightlife economy
Sacramento officials adopted a new ordinance last month establishing entertainment zones throughout the city, a move expected to benefit local businesses and support economic development.
The local ordinance, which was spearheaded by the city's Office of Nighttime Economy, established framework for the creation of entertainment zones, which will allow businesses within designated areas to sell alcoholic beverages that can be consumed in public streets, sidewalks and public rights-of-way during special events.
Initially, three zones were identified, including the area around 20th and K streets in Midtown, Ali Youssefi Square on K Street between Seventh and Eighth streets, and the area surrounding the SAFE Credit Union Convention and Performing Arts Center.
"This is going to be a great thing for businesses and I really see it jumpstarting Seventh and K," said Bob Simpson, whose businesses Townie and Malt & Mash are located in the K Street zone.
Reporter Jake Abbott explains what you need to know about Sacramento's entertainment zone ordinance.
Ethan Conrad sells Rancho Cordova building
Twelve years after real estate investor Ethan Conrad bought an office/warehouse building in Rancho Cordova, he's garnered a substantial gain in selling it.
The $3.89 million, or $135-per-square-foot, sale of 11418 Sunrise Gold Circle is a gain of more than four times above what Conrad paid for it in 2013.
Senior Reporter Ben van der Meer has details about the Rancho Cordova building that Ethan Conrad sold.
Retirement village sells land, plans reopening
As St. John's Retirement Village in Woodland works to fully reopen, the nonprofit's board of directors has sold excess land to a private utility company.
According to records, St. John's sold land on Cleveland Street north of its main property to Pacific Gas & Electric Company for $3.19 million.
St. John's closed in 2022 after 17 people living or working there died during the initial Covid-19 outbreak two years earlier. Directors cited rising expenses and labor costs in the succeeding years as impossible to overcome.
Senior Reporter Ben van der Meer has an update on St. John's Retirement Village in Woodland.
Have a great weekend, folks. Thanks for reading.
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More luxury homebuyers paying with cash this year, report says
More luxury homebuyers paying with cash this year, report says

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More luxury homebuyers paying with cash this year, report says

More luxury homebuyers are paying with cash to acquire properties this year, a report from Coldwell Banker Real Estate revealed. The company said in its '2025 Mid-Year Report' that more than half of over 200 surveyed Coldwell Banker luxury property specialists reported an uptick in wealthy buyers purchasing homes with cash. Advertisement Roughly 34.1% said there has been a 'slight increase' while 16.6% said there has been a 'significant' rise in that method. Mortgage rates have played into the increase in buyers paying cash to acquire homes, according to National Association of Realtors Chief Economist and Senior Vice President of Research Lawrence Yun. 'High mortgage rates are not appealing for borrowing, and, therefore, that induces the wealthy to pay all cash for real estate (after selling off a few of their assets),' he told FOX Business. 4 Mortgage rates have reportedly played into the increase in buyers paying cash to acquire homes. Jaruwan photo – Advertisement Many have been turning to personal savings, stocks or funds they netted from selling another property as the 'primary' means to make their luxury home purchases, according to the Coldwell Banker Real Estate report. Meanwhile, for 45.4% of specialists, cash purchases have stayed at their current levels so far this year, per the report. On the flip side, just 3.9% of the Coldwell Banker luxury property specialists indicated their clients were moving away from buying homes through all-cash deals, Coldwell Banker Real Estate said. 4 A lot of luxury homebuyers are selling off some of their assets to help purchase the home, according to Yun. Golden_hind – Advertisement The trend in cash purchases comes as roughly 68% of Coldwell Banker agents said rich homebuyers they work with are 'maintaining – or increasing – current real estate exposure.' 'We've had a lot of volatility along with macroeconomic and geopolitical uncertainty this year. There's been a lot of transition and that's actually turned a lot affluent buyers toward real estate,' Jenna Stauffer, a Florida-based broker and Global Real Estate Advisor for Sotheby's Internal Realty, told FOX Business. 'Real estate proves itself as an anti-fragile asset,' she continued. 'Unlike many investments that struggle under uncertainty, real estate tends to strengthen over time and remains one of the best long-term hedges against inflation. That's why so many smart investors and high net worth buyers are parking their money in property this year. They're using it to preserve and grow their wealth.' 4 Just 3.9% of the Coldwell Banker property specialists said their clients were moving away from buying homes through cash-only deals. – Advertisement While wealthy buyers are sticking to their guns when it comes to what they want from a home, Coldwell Banker Real Estate also said they 'are being strategic about their purchases and prioritizing aspects of the home that create value over aesthetic perfection' such as affordability, taxes, and investment potential. That could drive a rise in 'smart buyers' focused on 'discernment and strategy instead of pure indulgence,' according to the report. The report also shed light on how ultra-high net worth buyers with over $30 million in assets and 'aspirational buyer' worth $1-5 million are engaging with the luxury real estate market. Some in the latter category, faced with economic uncertainty, are approaching the market with caution, per the report. 4 Coldwell Banker Real Estate said that the wealthy buyers 'are being strategic about their purchases and prioritizing aspects of the home that create value over aesthetic perfection.' Andy Dean – Michael Altneu, vice president of Coldwell Banker Global Luxury, said in the report that the luxury market 'has continued to show strength' in 2025 but various factors have 'tempered a more full-scale rebound in market activity.' The Institute for Luxury Home Marketing data showed a 1.7% increase in sales of luxury single-family homes in the period spanning January to the end of May from those seen in the same timeframe last year and a 1.8% uptick in sale prices, according to Coldwell Banker Real Estate. For attached luxury properties, there was a 8.1% decrease in sales but the median transaction price went up an average of 8.4%. Advertisement Both types of properties saw year-over-year increases in supply during the first five months of the year, with luxury single-family homes posting a 19.6% jump and attached notching a 14.8% rise, the report said. The U.S. saw active listings of single family homes, condos, townhomes and other types of housing reach over 1 million in May, a level that the country hadn't climbed above since the winter of 2019, according to a report released in early June.

More luxury homebuyers paying with cash this year, report says
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Yahoo

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More luxury homebuyers paying with cash this year, report says

More luxury homebuyers are paying with cash to acquire properties this year, a report from Coldwell Banker Real Estate revealed. The company said in its "2025 Mid-Year Report" that more than half of over 200 surveyed Coldwell Banker luxury property specialists reported an uptick in wealthy buyers purchasing homes with cash. Roughly 34.1% said there has been a "slight increase" while 16.6% said there has been a "significant" rise in that method. Mortgage rates have played into the increase in buyers paying cash to acquire homes, according to National Association of Realtors Chief Economist and Senior Vice President of Research Lawrence Yun. These States See The Most All-cash Home Purchases "High mortgage rates are not appealing for borrowing, and, therefore, that induces the wealthy to pay all cash for real estate (after selling off a few of their assets)," he told FOX Business. Read On The Fox Business App Many have been turning to personal savings, stocks or funds they netted from selling another property as the "primary" means to make their luxury home purchases, according to the Coldwell Banker Real Estate report. Meanwhile, for 45.4% of specialists, cash purchases have stayed at their current levels so far this year, per the report. On the flip side, just 3.9% of the Coldwell Banker luxury property specialists indicated their clients were moving away from buying homes through all-cash deals, Coldwell Banker Real Estate said. The trend in cash purchases comes as roughly 68% of Coldwell Banker agents said rich homebuyers they work with are "maintaining – or increasing – current real estate exposure." "We've had a lot of volatility along with macroeconomic and geopolitical uncertainty this year. There's been a lot of transition and that's actually turned a lot affluent buyers toward real estate," Jenna Stauffer, a Florida-based broker and Global Real Estate Advisor for Sotheby's Internal Realty, told FOX Business. "Real estate proves itself as an anti-fragile asset," she continued. "Unlike many investments that struggle under uncertainty, real estate tends to strengthen over time and remains one of the best long-term hedges against inflation. That's why so many smart investors and high net worth buyers are parking their money in property this year. They're using it to preserve and grow their wealth." While wealthy buyers are sticking to their guns when it comes to what they want from a home, Coldwell Banker Real Estate also said they "are being strategic about their purchases and prioritizing aspects of the home that create value over aesthetic perfection" such as affordability, taxes, and investment potential. That could drive a rise in "smart buyers" focused on "discernment and strategy instead of pure indulgence," according to the report. Top Five Buyer-friendly Housing Markets Offer Price Cuts And Increased Inventory The report also shed light on how ultra-high net worth buyers with over $30 million in assets and "aspirational buyer" worth $1-5 million are engaging with the luxury real estate market. Some in the latter category, faced with economic uncertainty, are approaching the market with caution, per the report. Michael Altneu, vice president of Coldwell Banker Global Luxury, said in the report that the luxury market "has continued to show strength" in 2025 but various factors have "tempered a more full-scale rebound in market activity." The Institute for Luxury Home Marketing data showed a 1.7% increase in sales of luxury single-family homes in the period spanning January to the end of May from those seen in the same timeframe last year and a 1.8% uptick in sale prices, according to Coldwell Banker Real Estate. For attached luxury properties, there was a 8.1% decrease in sales but the median transaction price went up an average of 8.4%. Small Real Estate Investors Reach Record Market Share, Now Dominate 59% Of Investor Purchases Both types of properties saw year-over-year increases in supply during the first five months of the year, with luxury single-family homes posting a 19.6% jump and attached notching a 14.8% rise, the report said. The U.S. saw active listings of single family homes, condos, townhomes and other types of housing reach over 1 million in May, a level that the country hadn't climbed above since the winter of 2019, according to a report released in early article source: More luxury homebuyers paying with cash this year, report says Sign in to access your portfolio

DOJ's $225M Seizure Puts Human Cost of Crypto Scams in Focus, Former Acting U.S. Attorney Says
DOJ's $225M Seizure Puts Human Cost of Crypto Scams in Focus, Former Acting U.S. Attorney Says

Yahoo

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DOJ's $225M Seizure Puts Human Cost of Crypto Scams in Focus, Former Acting U.S. Attorney Says

The U.S. Department of Justice is sending a message with its recent effort to seize $225 million in crypto tied to pig butchering scams: these funds were stolen from victims. At least, that's the takeaway from Phil Selden, a member at Cole Schotz PC and former acting US Attorney for the District of Maryland. The DOJ moved to seize these funds last month through a forfeiture motion, although it has yet to publicly identify any individuals accused of stealing the funds. But that's the point, Selden said. "This is a tone-setting case," said Selden, who's now a member at law firm Cole Schotz PC. "We have victims on American streets, and the Department made clear they didn't want to wait for an arrest to actually ensure that the crypto was actually seized." This tone, Selden said, sets the direction for the Department of Justice under Matthew Galeotti, the new head of its criminal division. Selden describes Galeotti as an experienced, methodical prosecutor used to taking down New York's toughest organized crime rings. Galeotti, Selden said, understands how criminal networks move money, how they exploit weak regulatory frameworks, and most importantly, how they hurt everyday people 'This isn't just a tech story or a finance story," he continued. "It's a story about families losing their savings, and small towns losing their banks.' That small town bank was Heartland Tri-State Bank, a Kansas-based agricultural lender that became illiquid and collapsed in 2023 after its CEO, Shan Hanes, embezzled nearly $50 million and moved the funds to crypto wallets at the direction of pig butchering scammers. Hanes was also the largest victim in the DOJ's complaint. 'In Hong Kong or Shanghai or New York or San Francisco, there's a financial institution on every corner. In Kansas, there's not,' Selden said. "If you don't have a good bank, it's hard to build or maintain a business, it's hard to get capital for that tractor or that crop cycle.' Selden anticipates that criminal charges are on the horizon, but he thinks the DOJ didn't want to wait for an arrest to ensure the crypto was seized and could be returned to its owners. Extradition of overseas suspects is one possible path, he explained, though it's a slow and complicated process that relies on mutual legal assistance treaties. Another strategy could involve luring suspects into U.S. jurisdictions where arrests are easier to carry out, such as Guam or other American territories. Even without arrests, extraditions, and high-profile trials, Selden believes the case has already done its job. It sends a message to victims that their losses are being taken seriously. 'Crypto crime isn't abstract; it isn't offshore,' Selden said. 'It's impacting real people, real communities, and the Department of Justice wants Americans to know it has their backs.'

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