Area's biggest tech employer plans more cuts

Welcome to the latest edition of our weekly newsletter. It's been a busy few days for the local business community, with headlines involving planned job cuts, leadership changes and — on a lighter note — bowling.

Need a refresher? As usual, I'm here to help.

Let's kick things off with some news about the Sacramento area's largest tech industry employer.

英特尔 is cutting another 62 employees at its Folsom Campus at the end of this month, its third series of cuts in five months.

The recent cuts, reported to state employment officials, are in addition to more than 340 cuts by Intel in January and March. Read more

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More changes for remodeled retail centers

Attention, local shoppers: We have two big stories involving remodeled retail centers in the Sacramento area.

First up: The transformation of a Granite Bay retail center has taken a big step forward, with the planned addition of a major fitness chain.

Planet Fitness will fill a large space in the redeveloped Marketplace at Granite Bay, a Raley's-anchored center at Douglas Boulevard and Auburn Folsom Road. Read more

Also: Two more tenants might be joining a remodeled retail center in Carmichael.

Leasing materials for Carmichael's Crestview Village show 810 Billiards & Bowling as a planned business in the center, which is?at 4708-4794 Manzanita Ave. In addition, Sacramento County records suggest discount retailer Five Below has taken a step toward opening a store in Crestview Village. Read more

Notable local land sale

An owner of commercial properties in Johnston Business Park in Sacramento took its own step to address neighboring encampments of unhoused people earlier this year: buying the land under them.

Kristie Kuechler , vice president of asset management with Campbell-based Dan Caputo Co. , said the firm three months ago bought a ribbon of land along the bottom of the levee to the south of Lathrop Way.

"For us, it was a safety issue," she said, describing how a recreational vehicle blew up in the encampment before the purchase, among other issues. "Women didn't want to walk to their cars at night." Read more

This week's leadership roundup

Here's your guide to recent leadership changes on the local business scene.

First: A new president is set to take over at American River College .

The school recently announced it's named? Dr. Lisa Cardoza ?as president, pending approval by the Los Rios Community College District Board of Trustees. Cardoza is currently a fundraising executive at California State University-Sacramento . Read more

Also: The Placer County-based film production company Robert Craig Films LLC has named veteran nonprofit executive Jennifer Stolo ?as its new CEO.

Stolo, who previously led the local chapter of the Make-A-Wish Foundation for a decade, will work with nonprofit groups as part of her new position at the film company that has a social mission. Read more

Also: The California Mobility Center is seeking a new CEO to bootstrap the effort to build a statewide center in Sacramento around the zero-carbon transportation sector of the future, just months after it hired its first CEO. Read more

Wealthiest ZIP codes

That's right, folks: I'm ending this newsletter with money.

Our weekly lists are one of my favorite parts of the Sacramento Business Journal.

This week's list features the area's wealthiest ZIP codes, ranked by median household income. See it here.

My colleague Xenia M Enriquez works tirelessly on these lists. She also makes some awesome salsa, but that's another story for another time.

If you'd like to be considered for future lists, click here to learn more.

Thanks for reading our Weekly Edition, which was compiled by Managing Editor? Sonya Sorich . Send feedback and news tips to [email protected].