Jamba Juice plans California expansion

Emeryville-based Jamba Juice is planning an expansion throughout California, including in the Bay Area, with a growth push that includes opening up to 120 new Jamba Juice stores in the next six to seven years.

Jamba plans to open multiple company-owned stores and seek multi-store franchise agreements with existing and new franchisees, the retailer of smoothies and other beverages and food items said.

San Jose apartments get $52 million loan

A San Jose apartment complex that will rise next to a planned retail center anchored by Target and Safeway has landed a $52 million construction loan.

U.S. Bank provided the financing to St. Anton Partners, the developer of the project, located in South San Jose at Raleigh Road and Charlotte Drive.

La Moraga Apartments has begun construction and should be completed by mid-2014. The project is one of the first apartment developments in the South San Jose area since 2004.

St. Anton Partners has built, owns and manages more than 6,000 multifamily units in California. Recent residential projects include Highlands Point Apartments in San Ramon and The Ridge Apartments in Elk Grove.

Chevron still plans 2013 refinery restart


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San Ramon-based Chevron remains committed to a restart of its crippled refinery in Richmond in the first three months of 2013, despite questions by regulators about materials the energy giants wants to use for new pipes at the fuel factory.

Chevron intends to use chrome alloy to replace carbon steel pipes that corroded and failed in connection with a disastrous fire Aug. 6 that knocked out a crude oil processing unit at the refinery.

Federal safety regulators want Chevron to explain why it prefers to use the chrome alloy rather than a stainless steel pipe material that a petroleum industry trade group touts as a preferred material to resist corrosion from sulfur present in crude oil refined at the plant.

In a conference call with analysts in November, Chevron said it expects the refinery to be back in full operation in the first quarter of 2013. At present, the refinery is running at 60 percent capacity and is primarily blending gasoline.

BrightSource to build Israel solar complex

A joint venture of Oakland-based BrightSource Energy and France-based Alstom has won a bid to construct a 121-megawatt solar power plant in Israel's Negev Desert.

The joint venture is expected to go online in 2017.

The solar projects included in the venture are expected to supply 2 percent of Israel's electricity capacity once they are complete and become part of Israel's electricity grid.

BrightSource is also building a solar energy complex in the Mojave Desert in California.

-- Staff