Blog
Will Housing Laws Gain New Teeth?
California has passed dozens of bills in recent years aiming to incentivize new housing, but not all of them have been effective in getting more homes built, as opponents have found workarounds to resist new construction.
Local Sonoma Winemaker Turns 78, and So Does His Vineyard
SONOMA, California (October 2, 2024) – Ray Kaufman, the local winemaker who worked alongside proprietor Patrick Campbell for 23 vintages at the prestigious Laurel Glen Vineyard in Sonoma celebrates a birthday this month. The Don Eugenio Vineyard in famous La Consulta, Argentina, owned by Kaufman, shares that birthday.
Newsom signs bill limiting homebuyer sales contracts to 3 months
The National Association of Realtors settlement made such agreements mandatory for virtually all buyers. The new law will take effect on Jan. 1, making California one of at least 28 states with laws requiring home shoppers to have a buyer-representation agreement with their agents.
GDP: US economy grows at 3% annualized pace in second quarter
The US economy grew at a 3% annualized pace in the second quarter, a faster rate than Wall Street had expected. The Bureau of Economic Analysis’s third estimate of second quarter US gross domestic product (GDP) was unchanged from the second estimate which had shown 3% annualized growth. Economists had estimated the reading to show annualized growth of 2.9%.
Court OKs $140 million in Vintage Wine Estates assets sales
Nearly two dozen wineries, brands and other assets of the defunct Santa Rosa-anchored Vintage Wine Estates portfolio got the green light to change hands in a Delaware bankruptcy court Tuesday. Vintage filed for Chapter 11 reorganization on July 24, noting $400 million in debt and $425 million in assets. The hearing confirmed winning bids totaling $140.6 million from a Sept. 17 auction.
A Highly Anticipated Napa Valley Winery Has Just Opened
Far Niente Wine Estates has just opened the doors to Bella Union Winery, which is designed to attract younger wine drinkers with its lux design and lush hospitality. One of the most anticipated new wineries has just opened in Napa Valley.