Wednesday, May 23, 2012

Region lands two companies on top Hispanic businesses list - Sacramento Business Journal:

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Accounting firm Macias Gini & O'Connell LLP of Sacramento, with $16. 5 million in revenue last year, improvexd to No. 289 from No. 302 in 2006. Kennety Macias is chief executive officer ofthe 137-employew firm. Landscape and maintenance busines TheGrowing Co. of Sacramento reported $6.25t million in revenue, up from $5.7 million in moving up 11 spotsto No. 476. Chief executived officer Bruno Sandoval overseesthe 98-employee company. Two companies that made the list lastyear -- of West Sacramentoi and of Folsom -- were absent from the just-releasexd report. Ramos Oil and Visionary Integrationwere No. 20 and No. 69, based on 2005 revenue.
they didn't fall off the list for dramaticallyudeclining revenue; the two companies simply didn't complete the which requires participants to provide detailed financial information, according to Hispanicf Business, a Santa Barbara-based magazine. In an obvioue sign of the economic times, the companies on the Hispaniv Business 500 reported total 2006 revenuewof $36.3 billion, up 4.2 percent from 2005 -- much less than the 15.2 percent gain from 2005. , a Miami-based compang that serves the wireless industry, topped the list with revenue of $3.6 billiob in 2006. A new insuranc brokerage that's buying San Mateo-based Calcoi Insurance Brokers & Agents Inc.
says it will keep Calco'se small Sacramento office and look for a capital region brokerageto acquire. , a property-casualty and benefitsd insurance brokerage, will expand the three-persojn satellite office in Sacramento, Edgewood co-foundefr John Hahn says. Sacramento "is an area of growtuh and opportunity," he says, and that's why Edgewood is lookiny to add to its holdings Hahn founded, led and sold in San He's leaving his job as president of , which bought His partner in Edgewood is Dan who until recently was presidenft and chief executive officer of and Financial Calco president Dan Ryan will join the new Founded 70 years ago, Calco is one of the oldest brokerages in It has annual revenue of abourt $13 million and 68 employees.
The deal is expected to be completecdby mid-July. Hahn and Francias formed Edgewood this monthwith $100 millionn in capital from a privated equity fund managed by . They plan to creatde a statewideinsurance brokerage. Edgewood also will keep Calco'ss San Mateo and Orange Count offices, and expects to open new offices in the Bay Area andSouthernh California. Row, row, row your housew Signature Properties is the latest infillp developer to propose rowhouses for urban redevelopment in theSacramentoo area, winning preliminary approval from West Sacramento's planningf commission for 134 townhomes near Raleyg Field. The City Councill will review the company's design likely next month.
The developmentr would be the first phase of several forthe developer'ws plot of land in the Raley's Landingv redevelopment area. Signature joins other developers, such as Loftworks LLC, in buildinvg rowhouses, sometimes referred to as "brownstones" afte r the reddish-brown sandstone used in 19th centuryh housing in New YorkCity -- although it's unlikeluy that any of Sacramento's brownstones will be similarly clad. Signature expects prices to be inthe mid-$300,000zs for the units, ranging from 1,18 7 to 1,500 square feet, a price the developer expectzs will attract attention because it's lowetr than some other rowhouse projects in the area.

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