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...
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...
San Jose looks to boost energy resiliency in wake of wildfire-driven blackouts
Since the California Public Utilities Commission decided to allow energy providers to unilaterally turn off the lights when the risk for wildfires is high, San Jose lawmakers want to know how it will affect the more than one million residents in the city. In a new memo, Mayor Sam Liccardo, Vice Mayor Chappie Jones and Councilmembers Sergio...
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...