Business

Monday, Aug 26 2013 06:04 PM

Worth noting in business: Women's clothing store liquidating

By THE BAKERSFIELD CALIFORNIAN

A full liquidation sale is under way at Pappagallo, the upscale women's clothing boutique that was among Stockdale Fashion Plaza's first tenants when it opened 31 years ago.

The sale was prompted by owner Nancy Jennings' retirement. It began Aug. 1 and includes virtually everything in the store, including the furnishings.

All products have been discounted by at least 50 percent, with some items now listed at 80 percent off. Shoppers can win prizes including a 50-inch high-definition television and a laptop. The address is 4817 Stockdale Highway.

Gazelle Transportation Inc. has moved into a larger facility along newly renamed Gazelle Court (formerly Dirigible Court) near Highway 99 and 7th Standard Road.

The Bakersfield-based oil and gas logistics company founded in 1993 recently moved from 4939 Gilmore Ave. A grand opening and ribbon cutting ceremony is set for Wednesday.

The new, 19,000-square-foot building is partially lighted with natural sunlight. It has four full truck bays, a second-story gymnasium and large screen monitors on interior walls displaying days such as truck locations and marketing conditions.

The California Housing Finance Agency last week unveiled a new, fixed-rate mortgage program offering 30-year loans covering up to 3.5 percent of the first loan amount.

Loans made under the program, known as CalPLUS, don't have to be repaid until the home is paid in full, sold or refinanced. To qualify, participants must be low- or moderate-income, first-time buyers; they must also complete a financial education program.

The offer can be combined with programs such as the California Homebuyer's Downpayment Assistance Program, which pays as much as 3 percent of a home's price.

For information, go online at calhfa.ca.gov, or call 877-922-5432.

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