This Week Online

KMJ gives up Fresno State broadcasting rights

MEDIA

Radio station KMJ 580AM announced it will no longer broadcast Fresno State men’s basketball and football games, effectively ending a 43-year association with the university.
In a statement on its website, KMJ said Learfield Sports — which owns the broadcast rights for the game — “makes fiscally impossible demands.”
“Over the period through 2012, KMJ saw its rights fees increase 117%.

GV Urban begins new Downtown Fresno project

CONSTRUCTION

Granville Homes has begun work on its newest residential development in Downtown Fresno.
Being built by the company’s GV Urban division, 1612 Fulton will feature 18 single-level residential units ranging from 645 to 706 square feet with attached one-two car garages and a balcony or patio along with washer and dryer hookups and stainless steel kitchen appliances.
The complex will also feature 12 three-story live/work units offering a 199 square-foot office space and 1,297 square-feet of living space plus a two-car garage and a balcony.

Distressed home sales decline

REAL ESTATE

Month-to-month and year-over-year distressed home sales fell in Fresno and Madera counties for the month of October, the California Association of Realtors reports.
A study by the association showed that in Fresno County distressed home sales—which include short sale and real estate owned (REOs) homes that are often owned by banks—stood at 61 percent in October 2011. The percentage fell to 51 percent in September 2012 and to 48 percent in October 2012.
In Madera County distressed sales hit 89 percent in October 2011. By September of this year the percentage had fallen to 60 percent and one month later it was at 55 percent.

Clovis hospital completes bed tower

HEALTH CARE

Four years since beginning its $300-million expansion project, Clovis Community Medical Center will unveil its most prominent feature on Nov. 28 with it opens the new 5-story bed tower.
With the 113,000 square-foot tower, the hospital at Herndon and Temperance avenues, will increase by 144 private rooms for improved comfort and privacy for patients and families.
Also opening this month are seven inpatient operating rooms, an inpatient endoscopy suite, pre- and post-operative areas, additional waiting areas and new consultation rooms and conference room space.

Foreclosure activity slows in October

REAL ESTATE

Foreclosure activity continued to slow in October, according to new data from Foreclosure Radar.
Notices of default in the state totaled 13,585 in October compared to 14,759 in September and 26,607 in October 2011.
Notices of sale, which service as the homeowner’s final warning before their home goes to auction, totaled 16,935, down from 17,221 the prior month and 18,096 last year.

Valley construction climbs

CONSTRUCTION

Construction in the Central Valley continued to pick up during the first 11 months of the year over last year both in value and number of permits.
Throughout Fresno, Madera, Kings and Tulare counties, 7,285 construction permits were issued to builders by November, up 20 percent from 6,046 during the same period last year, according to a weekly report by Construction Monitor.
Of the permits awarded so far this year, 5,985 were for residential construction compared to 4,740 issued during the first 11 months of 2011.

Costa receives manufacturing award

MANUFACTURING

Rep. Jim Costa was presented with the National Association of Manufacturing’s Award for Legislative Excellence Wednesday at the Cargill Beef facility in South Fresno.
The award is given to members of Congress whose voting record has demonstrated support for pro-manufacturing policies that enhance the ability of U.S. manufacturers to succeed in the global economy.
Costa said that even though elections are right around the corner, the award was not about politics, especially in a state like California that is economically challenged.

Fresno First Bank income falls

BANKING & FINANCE

Fresno First Bank’s net income dropped by more than $500,000 for the first three quarters of this year, compared to the same period in 2011, but pre-tax earning cast a different light.
The bank’s year-to-date net income as of the quarter ending Sept. 30 was $909,000. The bank netted $1.46 million in income in the first nine months of 2011.
However the bank argues those numbers are somewhat skewed because Fresno First benefitted last year from tax credits and this year it will pay a tax rate of approximately 41 percent.

Fresno city attorney takes Sacramento job

GOVERNMENT

Fresno City Attorney James Sanchez announced his resignation today, which will allow him to accept the identical position with the city of Sacramento.
Sanchez said that things have been finalized with the Sacramento City Council, and that his last day on the job in Fresno would be Nov. 26, right after the Thanksgiving holiday weekend.
Sanchez began his career with the city of Fresno in 1984 as deputy city attorney; he served as Salinas city attorney from 1997 to 2002 before returning to Fresno.

Selland, Save Mart Center among top venues

ENTERTAINMENT

Fresno’s Selland Arena and Save Mart Center were both listed in Pollstar’s top 200 arenas venues worldwide for ticket sales for the first three quarters of 2012.
The Save Mart Center ranked No. 87, with 93,179 tickets sold between Jan. 1 and Sept. 30, and Selland Arena ranked No. 176, with 42,426 tickets sold.
“We take great pride in our ranking and it truly reflects the hard work that goes on behind the scenes at Selland Arena or any of our other venues,” said Bill Overfelt, general manager of the Fresno Convention & Entertainment Center, in a release.