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Business Journal: Kaiser Permanente, Flyers Energy, Moksa Brewing Company

Kaiser Permanente

A rendering of the Kaiser Permanente medical center planned at the Railyards in downtown Sacramento.

Kaiser Permanente

Kaiser Permanente still plans to open a medical center in downtown Sacramento. But the Sacramento Business Journal's Digital Editor Sonya Sorich says it might open later than expected.

"It looks like the center could now open in 2024," says Sorich. "And that's a year later than the estimate that we were hearing as recently as a year ago. We don't really have a reason for this possible new opening date. But we do know that the center is still replacing Kaiser's medical center on Morse Avenue in Sacramento."

The Morse Avenue center is closing because it won't be able to meet a tough earthquake-safety standard. Kaiser's proposed med center downtown is considered a signature project in the railyards development...along with a planned Major League Soccer stadium.

An Auburn-based fuel company is getting into the hotel business. Flyers Energy has purchased Roseville's Hyatt Place, which is one of the largest hotels in western Placer County. Sorich says Flyers is diversifying its real estate holdings.

"The Hyatt Place is the company's first foray into the lodging business," says Sorich. "But in recent months, Flyers has also invested in mobile home parks, car washes and even office buildings."

Last year, Flyers sold its 39 convenience store gas stations to a San Antonio-based company. Now it's investing the proceeds of that sale into a mix of real estate assets.

Rocklin is getting a new beer place this weekend. Moksa Brewing Company will open its doors tomorrow. Sorich says one of the notable things about this place is - its brewers are well-known names in the beer community.

"One brewer previously worked at the local New Glory Craft Brewery, and the head brewer for this new Rocklin business was previously the head brewer for Abnormal Beer Company in San Diego," says Sorich.

Analysts say the brewery business is extremely competitive...so getting big-name brewers can be one way to separate yourself from the pack as the list of Sacramento region breweries gets longer.

 business journal

Steve Milne

Morning Edition Anchor & Reporter

Steve is the voice of Capital Public Radio News as anchor of Morning Edition and Insight. He covers stories on a wide range of topics including: business, education, real estate, agriculture and music. Steve also produced stories for CapRadio.org.   Read Full Bio 

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