Biz Bits | TheUnion.com

Biz Bits

George Boardman

The real estate fever is spreading to North San Juan, where Golden Foothills Realty is opening the town’s first real estate office in the old Wells Fargo building, 2934 Highway 49.

“The area is in transition,” said Jim Adams, who will run the office with his wife, Susan. “We’re averaging three listings a week. It’s beginning to happen.”

The building will also house an art gallery and museum of area history, and Adams is on the lookout for pictures and other memorabilia of the area.

Golden Foothills will hold an open house that features refreshments from local establishments from 4 p.m. to 8 p.m. Saturday. Additional information is available by phoning 277-2099.

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Big O Tires in Grass Valley, a fixture on Nevada City Highway for 22 years, has been sold to two former managers for high technology companies.

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Royce and Audrey Krieger purchased the franchise, business and property from Art Ralli and Chad Chaney in a deal brokered by Coldwell Banker Commercial Grass Roots Realty. Chaney will continue to manage the business.

Art Ralli and his brother Mike opened the business in 1983. Chaney became a partner five years ago. The business sells about 250 tires a week and offers brake, front-end and wheel alignment services.

Royce Krieger worked in management in the semiconductor equipment industry, and his wife Audrey is a former project manager for Cisco Systems.

The six-person Coldwell Banker team was headed by Ricki Heck, a commercial broker, and Bob Altieri, a certified business broker and appraiser.

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Placer Sierra Bancshares, which has two branches in Grass Valley and one in Penn Valley, has increased its dividend from 5 cents a share to 12 cents share, payable March 3 to shareholders of record Feb. 15.

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Rich Bodine, an account manager for Ray Morgan Co. in Nevada City, was named salesman of the month for December, salesman of the quarter for the fourth quarter of 2004, and was the third ranked salesman in the company last year.

The Nevada City office, managed by Vice President Jim Adams, was the top ranked sales office in the company for 2004.

Ray Morgan Co. of Chico sells Canon office equipment through nine offices in Northern California.

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The parent company of Tri Counties Bank, which has a branch in Grass Valley, reported record profits for the fourth quarter and year ended Dec. 31.

TriCo Bancshares said it earned $20,182,000, or $1.24 per diluted share, in 2004, a 19.5 percent increase from earnings of $16,888,000, or $1.07 per share, in 2003. Fourth quarter earnings were $5,355,000, up 14.4 percent from the $4,683,000 earned a year-earlier.

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When family court orders supervised visits between a child and a noncustodial parent, somebody needs to facilitate what can be a very intense encounter. That’s the job of Mary Cahill of A Child’s View in Grass Valley.

Cahill, who worked for county Child Protective Services for six years, holds an orientation session with the parent, and then observes the interaction between parent and child. She documents her observations for use by the court and attorneys in determining future visits.

More information on her services is available by phoning 272-4547.

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Aaburco Inc., a Grass Valley manufacturer of specialized bakery machinery, has launched a new Web site designed by R&B Communications of Grass Valley. The site can be viewed at http://www.piemaster.com.

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The Penn Valley Area Chamber of Commerce will hold a mixer for new businesses in the area beginning at 5:30 p.m. Wednesday at the Penn Valley Fire House, Spenceville Road and Penn Valley Drive. The event includes flood, drink, and a raffle.

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Got local business news? Contact George Boardman at georgeb@theunion.com or 477-4236.

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