Business Archives - Rio Linda Online News https://www.riolindaonline.com/category/business/ Local Independent Online News and Information for Rio Linda, Elverta, Natomas, North Highlands and Northern Sacramento County Fri, 11 Oct 2024 16:20:45 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://www.riolindaonline.com/wp-content/uploads/2024/04/cropped-android-chrome-512x512-1-32x32.png Business Archives - Rio Linda Online News https://www.riolindaonline.com/category/business/ 32 32 7-Eleven Closing Hundreds of Stores in North America https://www.riolindaonline.com/7-eleven-closing-hundreds-of-stores-in-north-america/ Fri, 11 Oct 2024 16:20:41 +0000 https://www.riolindaonline.com/?p=37368 Rio Linda, CA—In a move that has raised concerns in the Rio Linda / Elverta community, 7-Eleven has announced plans to close several hundred underperforming locations across North America. The decision, announced by the company’s parent company Seven & I Holdings, comes in response to a variety of factors including slowing sales, declining traffic, inflationary […]

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]]> Costco Coming to West Roseville https://www.riolindaonline.com/costco-coming-to-west-roseville/ Fri, 16 Aug 2024 16:33:51 +0000 https://www.riolindaonline.com/?p=36908 Roseville, CA – A long-awaited retail development is moving forward in west Roseville as Costco Wholesale Corp. has officially purchased the land for its new store. The warehouse giant’s acquisition of the 5200 Baseline Road property marks a significant step towards anchoring the larger Baseline Marketplace shopping center. While Costco remains tight-lipped about the specifics, […]

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]]> Rite Aid Announces Additional Store Closures https://www.riolindaonline.com/rite-aid-announces-additional-store-closures/ Wed, 24 Jul 2024 19:20:16 +0000 https://www.riolindaonline.com/?p=36628 No Impact on Rio Linda Location Rite Aid has continued its trend of announcing more store closures as part of its ongoing bankruptcy proceedings. On Monday, the company disclosed in a bankruptcy filing the impending closure of 10 more stores, all of which are located in Ohio and Michigan. This latest announcement brings the total […]

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]]> Sacramento County approves North Highlands apartment project https://www.riolindaonline.com/sacramento-county-approves-north-highlands-apartment-project/ Thu, 27 Jun 2024 17:20:03 +0000 https://www.riolindaonline.com/?p=36493 Here’s something we rarely see in the North Highlands/Antelope area lately; a new ground-up apartment complex project. The New Green Apartments at Larchmont Village will feature 172 units in three-story buildings located just south of the Food Maxx shopping center, at the intersection of Watt Avenue and Larchmont Drive in North Highlands. The application highlights […]

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]]> Rite Aid Now Available to SNAP/EBT Users on Instacart https://www.riolindaonline.com/rite-aid-now-available-to-snap-ebt-users-on-instacart/ Thu, 13 Jun 2024 20:53:20 +0000 https://www.riolindaonline.com/?p=36426 Rite Aid’s expanded partnership with the leading online grocery technology platform allows greater access to groceries and pantry essentials for eligible customers Rite Aid (OTC: RADCQ) today announced its expanded partnership with Instacart (NASDAQ: CART), the leading grocery technology company in North America, allowing use of an Electronic Benefits Transfer (EBT) card for the Supplemental […]

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]]> The Current State of Rite Aid https://www.riolindaonline.com/the-current-state-of-rite-aid/ Fri, 10 May 2024 17:29:33 +0000 https://www.riolindaonline.com/?p=35961 The Rite Aid store in Rio Linda is looking nearly abandoned these days, but it’s not there yet. But, how did we get here? To this state of things? In March of 2023, Federal attorneys in Ohio filed suit against the company, lodging a complaint alleging that Rite Aid dispensed controlled substances in violation of […]

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]]> Homebuilding in the Panhandle to begin this summer https://www.riolindaonline.com/homebuilding-in-the-panhandle-to-begin-this-summer/ Wed, 08 May 2024 16:23:45 +0000 https://www.riolindaonline.com/?p=35949 According to the Sacramento Business Journal, New Home Co. is set to mark its return to Sacramento by being the inaugural homebuilder for the Panhandle region in North Natomas. This move follows their last project, McKinley Village in East Sacramento, which was completed approximately five years ago. The company plans to start grading this summer […]

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]]> Developer Acquires large portion of Panhandle Area https://www.riolindaonline.com/developer-acquires-large-portion-of-panhandle-area/ Sat, 04 May 2024 18:03:35 +0000 https://www.riolindaonline.com/?p=35930 The investment landscape of the “panhandle area” is evolving, according to the Sacramento Business Journal, as TPG Angelo Gordon secures a significant parcel of land earmarked for a substantial residential development. Property records and city plans indicate that the site is set to accommodate 810 homes. Last year, Sacramento city officials greenlit a development blueprint […]

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]]> Sterling Caviar of Elverta enters receivership on $23 million debt https://www.riolindaonline.com/sterling-caviar-of-elverta-enters-receivership-on-23-million-debt/ Wed, 01 May 2024 21:23:35 +0000 https://www.riolindaonline.com/?p=35919 Sterling Caviar, based in Elverta, has been placed into receivership following claims by creditors that the company is indebted to them by over $23 million. The company was acquired by Eugene Fernandez for $6.2 million in October 2020 from Stolt-Nielsen through his holding company, Hyde Road Agricultural Associates. In April 2020, Sterling Caviar secured a […]

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]]> SMUD’s Shine program invests $580,000 in local projects https://www.riolindaonline.com/smuds-shine-program-invests-580000-in-local-projects/ Tue, 26 Mar 2024 19:48:05 +0000 https://www.riolindaonline.com/?p=35553 Focus on zero carbon workforce development, STEM education, healthier environments and clean energy Twenty-nine local nonprofit organizations will benefit from more than $580,000 in funding from SMUD’s annual Shine program. The Shine program, now in its 7th year, is supporting nonprofit programs that engage communities across SMUD’s service area in an equitable transition to a […]

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