Meet the mayor leading Elk Grove through change

Cheers to another Friday, LinkedIn community. We're wrapping up another busy week of local business news.

For our latest executive profile, Senior Reporter Ben van der Meer spoke with Bobbie Singh-Allen , the mayor of the City of Elk Grove .

Singh-Allen, who made a bit of history in 2020 as the first directly elected Sikh female mayor in the U.S., is at the forefront of a city where many big projects are on the horizon.

"You have to govern from a place of compassion and understanding. You're weathering a storm," she told us.

Click here to read our interview with Elk Grove Mayor Bobbie Singh-Allen.

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Inside the decline of Sterling Caviar

For decades, the Sacramento region has led the nation in producing caviar.

Now, one of the largest and oldest Sacramento County caviar farms is facing problems, defending itself in multiple legal disputes simultaneously over the company’s finances.

Elverta-based Sterling Caviar was forced into receivership earlier this year, after disputes with creditors over $23 million in unpaid debts.

But records indicate that Sterling Caviar’s troubles go beyond that, with multiple lawsuits stemming from when the company changed hands in 2020.

Learn more in this week's cover story by reporter Emily Hamann .

Apartment owner files for bankruptcy

With a potential foreclosure sale, the owner of an apartment property in Old North Sacramento has filed for bankruptcy, seeking to reorganize finances.

Plaza Estates LLC, which owns the 62-unit Plaza Estates at 695 Plaza Ave. in Sacramento, filed for bankruptcy on June 11 in U.S. Bankruptcy Court for the Eastern District of California.

"He's just had problems paying the mortgage," said Lewis Phon, an attorney representing the ownership group in the bankruptcy case. "It's not a complicated case, but sometimes a business runs into cash-flow problems." Read more

Affordable housing project planned in Penryn

Land not far from Interstate 80 in the unincorporated Placer County community of Penryn is slated to be the site of the first affordable housing project there.

Roseville-based USA Properties Fund, Inc. has submitted a development application for a 240-unit project called Hope Way Apartments on 11.5 acres at the southwest corner of Penryn Road and Hope Way.

Learn more in this article by Senior Reporter Ben van der Meer .

Did you notice our new look?

Big news: We launched a redesign of our print edition today. As part of the changes, you'll see our logo has a new color.

Our new blue logo is consistent with our sister American City Business Journal publications, unifying our national brand.

Click here to see what's changed — and what hasn't — with our redesign.

Your weekly restaurant roundup

Here are some of this week's biggest headlines from food and drink reporter Jacob Abbott .

First: A restaurant and music venue in the heart of Downtown Sacramento's K Street corridor has reportedly closed and its future is unclear just one year after new operators took over the business. Read more

Also: Big Island Burritos has closed its Camino restaurant after less than a year, but the local group behind the eatery is planning something new for the space. Read more

Also: Los Angeles-based Dave's Hot Chicken is adding another local site, which will be in a Roseville retail center. Read more

Also: A restaurant space currently occupied by Logan's Roadhouse appears to be on the market in Natomas. Read more

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