Category Archives: Business

This week

Arbitration between the city and Stockton Professional Firefighters Local 456 may conclude this week. This could affect the tentative contract agreement between the two parties. If, for example, the arbitrator rules the city was entirely in the wrong when it imposed conditions last year, what happens to the union’s willingness to approve a contract conceding […]

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Glamorous life of councilman

City Councilman Paul Canepa will be up bright and early Sunday to greet members of the California Cosmetology Association at their 82nd annual convention at the University Plaza Waterfront Hotel downtown. “I’ll be welcoming them to our great city,” Canepa said. It’s safe to say Canepa’s not big on primping, though he cleans up well […]

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New name for waterfront hotel

In case you missed it, Stockton’s waterfront hotel is no longer the Lexington – it’s the University Plaza Waterfront Hotel. The name in part coincides with efforts to now market as student lofts what were supposed to be luxury condominiums. Also, it’s at the end of the story, but I wanted to note it on […]

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Purchase price?

So the sale of the Lexington hotel downtown has been finalized, more than a year after it went on the market for $18.8 million. How much it actually sold for, however, is not yet known. The deed filed with the San Joaquin County Recorder’s office does not disclose the transfer tax, which is assessed against […]

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Weekend news: Moses investigation and new Lexington owner

In case you missed it: •The Lexington Hotel downtown has a new owner: Patrick K. Willis, who owns a network of repossession and collections companies (and, the family trust spokesman said, Lake Tahoe-area resort properties). •Former Stockton CFO Mark Moses is under investigation by the state Fair Political Practices Commission for possible conflict-of-interest code violations […]

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Business watch bust

City officials were ready and eager to reach out to businesses near the corner of Wilson Way and Fremont Street last night. Councilwoman Diana Lowery was on hand at Angelina’s Spaghetti House for the Business Watch meeting (it’s kind of like Neighborhood Watch for, well, businesses). Community Services Officer Maria Verbeck had prepared updated crime […]

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Stockton still in the running with distributor

When the City Council in September approved a broad development fee reduction program, one of the immediate goals was create an economic incentive that would keep Stockton competitive with large companies looking to come to or stay in Stockton. Stockton is still in talks with one of those undisclosed companies for a 1 million-square-foot distribution […]

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Lexington inching along

The sale of the Lexington Plaza Waterfront Hotel hasn’t yet been finalized, but folks say it’s still close. Last month, the city’s Redevelopment Agency filed a certificate of compliance with the county. Owner First Bank needed that squared away before it could transfer the property to the prospective new owner, said Gus Duran, the city’s […]

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Industrial project, Deis review and mayor’s vacation (updated)

•Planning Commission meets tonight. Here’s the agenda. Among the items is a proposal to develop and annex 70 acres of vacant county land in the southwest corner of Arch and Newcastle roads for industrial uses (see second bullet item in this previous blog post for more background). No specific project has been named yet. UPDATE: […]

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Downtown alliance neutral on Measure H

The Downtown Stockton Alliance Board of Directors today declined to take a position on Measure H, the city’s November bid to change Fire Department language in the city charter. Directors voted 5-4 to remain neutral after supporters and opponents gave presentations to the board, alliance Executive Director Tim Kerr said. The decision runs counter to […]

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