Business Journal: Reynen & Bardis Relocating

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(Sacramento, CA)
Wednesday, March 12, 2008
The company, which is one of many residential developers pounded by the hard-hit housing market and slumping economy, is asking $6 million for the building and would like to lease one floor from the new buyer. Reynen & Bardis and partner KMS Development of Roseville sold a similar building next-door for $5.5 million to a Bay Area investor last month. Reynen & Bardis, which reported revenue of $709 million in 2005, the most recent information available, has missed loan payments and cut its work force in recent months as it struggles with the economic slowdown.