ALBANY, NY—Gov. Andrew Cuomo, who combined his State of the State and budget messages into one address on Wednesday, presented his proposed $141.6-billion budget to the State Legislature.

SACRAMENTO, CA—Buyer plans renovation and re-positioning of the 1960s vintage apartment and townhouse community.

CALISTOGA, CA—The Sunburst Calistoga Hotel was sold on behalf of a local family partnership to Calistoga Hotel Group, LLC, an investment vehicle for Eagle Point Hotel Partners.

SAN DIEGO—In an <b>UPDATE</b> to a previous article, Kidder Mathews' Mark Read and CEO Jeff Lyon discuss San Diego opportunities and future, and why now was a good time to expand there.