Business

Business

Uber set to make South Bay debut with big Sunnyvale lease

Barely a month after its ballyhooed IPO, Uber Technologies Inc. is set to make its big entrance into the South Bay via a major lease in a growing part of downtown Sunnyvale. The San Francisco-based rideshare company is slated to take two five-story buildings, at 190 and 200 Mathilda Place, totaling about 290,000 square feet...

San Jose art studio squeezed out amid downtown growth

Moving was inevitable. That’s what Exhibition District executive director Erin Salazar kept in mind when securing a vacant building space for Local Color, a spot for budding artists to produce their work. After city officials in February approved the demolition of the building on 27 South First Street to make way for a mixed-use residential and...

New report: Google campus will lead to $235M more in rent spikes

With Silicon Valley residents already sacrificing health to pay their rent, a new report says living in the region is about to get much more expensive for local renters. Google’s proposed mega-campus will hike local rents up, causing tenants to pay five times more in rent than the city expects to collect in tax revenues...

Jay Paul Co. continues downtown San Jose buying spree

San Francisco developer Jay Paul Co.’s buying spree in downtown San Jose hasn’t yet slowed. On Friday, the company spent $100 million on two slices of land at 200 Park Ave. and 282 S. Almaden Blvd. That marks its third major property purchase in the city’s downtown in less than a year. Jay Paul Co....

San Jose Job Corps transforms lives of at-risk youth

Jezrrel Linares dreamt of becoming a veterinarian, but the animal lover was bored by his classes at Silver Creek High School and knew he didn’t have the grades to support such an endeavor. With no motivation to continue, he started ditching school. His two older brothers went through the training program at San Jose Job Corps and...

Prime downtown San Jose tower sale to shatter records

One of downtown San Jose’s most prominent office towers, known as 50 West, or the KQED building, is set to sell to developer Jay Paul Co. in a deal that industry insiders say will break records and set a new high-water mark for commercial space in the city’s urban core. “It certainly as recognizable a...

San Jose: Major Alum Rock development spurred by unusual zoning law

For years, San Jose has taken a hard stance against using commercial land for housing — despite the region’s excruciating housing shortage — to bolster economic activity in a city desperately seeking to shed its image as a “bedroom community.” But in a East San Jose neighborhood whose streets are lined with minority-owned businesses, those...

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