Biz bits |

Biz bits

Hilltop Estates, an 84-unit senior housing complex at 131 Eureka St. in Grass Valley, has been acquired by a Sacramento partnership for $4.61 million at a foreclosure sale.

The facility, now known as Hilltop Commons Seniors Residence, was bought by Hilltop Commons 2005, a limited partnership that includes Ray Stone Inc. of Sacramento and Western Care Construction Company.

Stone is a property management firm that runs two other senior housing facilities in the Sacramento area. It will manage Hilltop Commons.

Services, rates and management will remain the same, said spokeswomen Tracy Campbell. The interior of the complex will be updated and tenants will be surveyed on improvements they would like to see, she said.

Hilltop Commons, built in 1987, was formerly owned by another limited partnership, Hilltop Estates Investment Co.


An index that measures the health of Sacramento region technology companies, including Telestream of Nevada City, posted a 14.3 percent gain in the fourth quarter of 2004 and a 32 percent increase for the year.

The Technology Index of the Sacramento Area Regional Technology Alliance measures the value of stock of seven publicly traded companies in the region and the revenue, employees and equity raised by 43 private companies it tracks.

Oleg Kagnovich, chief executive of SARTA, attributed much of the gain to strong revenue growth by the privately held firms, including Telestream.

The only Nevada County company on the list, Telestream makes hardware and software that facilitates the transfer of professional-quality video and audio material via the Internet.


The Sunny Island 4248U, an off-grid inverter that can use several sources of energy to run household appliances, has been introduced by SMA America Inc. of Grass Valley.

SMA said the inverter can be powered from multiple sources: wind, hydro, and solar power, the utility grid to provide backup power, and is compatible with fuel cells. More information is available at on the Web.


A proposal to construct two buildings on a 10.6-acre site at 12529 Charles Drive in the Loma Rica Industrial Park has received the blessing of the Grass Valley Development Review Committee.

The project is in the city of Grass Valley’s sphere of influence, so the county asked for the city’s comments on the project, the new home for Bub Enterprises and Datum Precision, Inc. The buildings will cover more than 77,000 square feet.


Automata Inc. of Nevada City, a manufacturer of remote monitoring and control instrumentation, sensors and software for the management of water, recently marked its 30th anniversary.


Oliver Mills, a 1980 graduate of Nevada Union High School, has been promoted to project manager of Kinetic Energy Interceptor ” Attitude Control Systems at Aerojet-General Corp. in Rancho Cordova. He joined the company in 1988.


Got local business news? Contact George Boardman at or 477-4236.

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