More than three years after spinning its last movie, the vacant Camera 12 site in downtown San Jose could soon be transformed into a vibrant office and retail space. Urban Catalyst, a San Jose-based real estate equity fund focused on development in opportunity zones, announced this week it has closed on the property at 201...
How has Prop. 13 affected tax distribution in Santa Clara County?
Most Californians are aware that the way property taxes in the state are divvied out is uneven, skewed by a state law known as Proposition 13 that could be amended next year through a vote at the ballot box. But a recent report outlining property values in Santa Clara County breaks down the disparity in...
Cambrian Park Plaza redevelopment will include more bike amenities, open space
Plans for a massive renovation of the historical Cambrian Park Plaza shopping center are taking a new direction to include public art and more pedestrian and bike friendly amenities. “It is substantially different from the original proposal,” said Councilmember Pam Foley whose district includes the 17-acre shopping center famous for its carousel display. Foley met...
Tech drives Silicon Valley leasing to the top, even as companies expand elsewhere
Silicon Valley is far outpacing all other metro areas when it comes to companies leasing and moving into commercial space, a trend driven primarily by tech, according to a recently released report. The trend, outlined in commercial real estate brokerage CBRE’s annual Tech-30 report, shows that even as many Bay Area companies increasingly look outside of...
Silicon Valley’s minimum wage workers will see bigger paychecks in 2020
The lowest wage earners across Santa Clara County will get a boost in pay in 2020, with workers in Sunnyvale and Mountain View due to get the biggest bump as both cities increase their minimum wages to $16.05 in January. And San Jose, once a leader in raising the minimum wage, will fall in last...
Silicon Valley Leadership Group appeals to business leaders on $100B transit ballot measure
A trio of Bay Area planning and business leaders are ramping up efforts to promote a years-long initiative to get a $100 billion tax measure for transit investment on the ballot in Nov. 2020, as opponents of the measure start to push back. The measure, called FASTER Bay Area, is backed by The Silicon Valley...
Evergreen college district sued over development deal’s collapse
Four months after threatening litigation, a prominent San Jose developer has sued a major community college district after negotiations over a swath of land stalled and a high-profile development deal fell apart. “I think this case will raise important issues about the relationship between developers and public entities and how they go about getting property...
Big tech drives changes in Silicon Valley’s industrial, manufacturing landscape
Not long ago, if one weren’t from Silicon Valley — a slice of California that is a place, hit television series and household name — they might drive right through without even realizing where they’ve been. That’s beginning to change, though understated has long been the Silicon Valley way. The region, once called the Valley...
New state law could shepherd in an era of growth for North San Jose
Following years of frustration over the inability to approve housing projects in North San Jose, city officials say a new state law may help transform one of the city’s most critical economic hubs. San Jose city leaders and planners have long aimed to make a low-slung, industrial corner of North San Jose into a walkable...
Google unfurls more details, draws big crowd at San Jose meeting
New details are emerging around the design of Google’s massive San Jose development as community meetings officially kicked off this week and the tech titan races toward a 2020 vote on its mixed-use proposal. On Thursday night, San Jose officials hosted hundreds of residents at the Martin Luther King Jr. Library in downtown to present...