New medical building, city hall could start in Citrus Heights by summer's end

Work should get underway by fall on both a new Citrus Heights city hall and a new Dignity Health medical office building on the current city hall site.

After approval of a revised proposal by the City Council on Thursday, leases have to be figured out for both projects on two different properties near each other.

A new city hall, in a 35,000-square-foot, single-story building, would be at Stock Ranch Road and Fountain Square Drive. Monica Alejandrez, an assistant to the Citrus Heights city manager,…

Chevron sells stake in Australian company in multibillion-dollar deal

A subsidiary of California-based Chevron Corp. (NYSE:CVX) concluded a multibillion-dollar deal to sell its stake in an Australian company.

Chevron Global Energy Inc. sold its entire 50 percent stake in Australia-based Caltex Australia Ltd. at a price of 35 Australian dollars (about $26.80) per share. The deal was estimated at about $3.7 billion, according to Reuters.

“This transaction reflects Chevron’s commitment to regularly review our portfolio and generate cash to support our long-term priorities.…

Resolute Energy selling non-core assets in Texas

Resolute Energy Corp. of Denver will sell certain non-core assets in west Texas to an unidentified buyer for $42 million.

The company (NYSE: REN) on Monday announced a definitive agreement’s in place, with the deal expected to close by May 1. Resolute Energy said the assets are “operated and non-operated properties primarily located in Howard County, Texas.”

Resolute Energy said the proceeds will be used to reduce its debt.

The company also announced the resignations of two board members: William…

New private equity firm eyes Houston apartment market

A new Austin-based private equity company has set its eyes on Houston’s apartment market.

Casoro Capital LLC, a new real estate investment firm based in Austin, plans to raise $50 million in private equity to acquire Class B and C apartments in Austin, Dallas, Houston and San Antonio. The new fund — Casoro Capital Real Estate Fund I LP — will target high net worth individuals, family offices and public institutions, like state and city employee pension funds.

Casoro Capital is in negotiations…

Report: Duke Energy proposes building coal ash landfill in Eden, near Dan River spill site

Duke Energy and Eden officials are discussing a plan to open a Duke-owned landfill on the edge of town to bury some of the coal ash from the company’s Dan River Steam Station, the Greensboro News and Record reports.

New state coal ash regulations require Charlotte-based Duke (NYSE:DUK) to remove all of the ash stored at the plant, site of the massive coal spill on the Dan River last year, and bury it in lined landfills away from the river.

The paper quotes Tom Terrell, a private attorney representing…