This year, the Santa Clara County assessment roll, which determines property taxes in Silicon Valley, hit a staggering $516 billion, buoyed by major tech companies buying land and opening major office campuses in the South Bay. But that number comes with a caveat: Many of the same tech titans propping up the assessment roll also...
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Silicon Valley chambers of commerce rebuff new rebranded group
When the Santa Clara Chamber of Commerce last month announced it would expand its reach and reinvent itself as the Silicon Valley Central Chamber of Commerce, the news was met with a mix of reactions, primarily skepticism and confusion from other chambers. And at least two of those chambers in Silicon Valley told San José...
Tech absent in congressman-hosted chat on contractor treatment
Rep. Ro Khanna on Tuesday gathered a candid round table to discuss the treatment of contract workers in tech, but notably absent from the conversation were any of Silicon Valley’s major employers. That’s not for lack of trying, according to Khanna, the second-term Democrat whose district encompasses Silicon Valley. His office invited about 20 major...
Major retail investor buys Campbell’s Pruneyard shopping center
The retail portion of Campbell’s newly renovated Pruneyard shopping center has traded hands for $212.5 million, according to an announcement Monday by buyer Regency Centers Corp. The purchase by the Jacksonville, Florida-based retail investor and developer marks the sale of the third and final portion of the mixed-use center since the start of the year...
Adobe vows to nix fossil fuels in new San Jose office tower
When Adobe’s new office tower in downtown San Jose is complete in 2022, it will be completely electric, meaning it won’t use any fossil fuels like gas to operate, company leaders said Monday. The announcement came as part of a ceremonial groundbreaking event for the company’s fourth San Jose office tower, called the North Tower....
San Jose celebrates return of nostalgic dancing pig
A spirited crowd gathered near the San Jose Diridon station Thursday in eager anticipation to see the Stephen’s Meat Products iconic neon pig dance again — after a more than 10-year hiatus. “I woke up with a smile on my face thinking the pig is going to dance again,” said Kim Walesh, San Jose deputy...
Verizon poised to land big lease at San Jose development, industry insiders say
Verizon Wireless has been searching for office space and eyeing large projects in San Jose for months, but now it has zeroed in on Coleman Highline, a 1.5 million-square-foot office development near the city’s airport, according to several sources with knowledge of the discussions. As of Friday, there’s no indication that New York-based Verizon has...
Google announces $1B commitment for Bay Area housing
Google has just committed $1 billion to address the Bay Area’s crippling housing affordability crisis, an initiative that CEO Sundar Pichai says will help create at least 20,000 new homes in the region over the next decade. The stunning announcement on Tuesday marks the largest promise to date by a Silicon Valley company to invest...
Santa Clara Chamber of Commerce is rebranding, expanding its footprint
The Santa Clara Chamber of Commerce is ringing in a new era this week, unveiling a new name, logo and broadening its footprint to include more of Silicon Valley. The organization announced Friday during its sold-out New Years in June Awards Gala that it will become the Silicon Valley Central Chamber of Commerce, focusing on...
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...