Downtown San Jose businesses eager for return of students

Students are coming back to campus at San Jose State University this fall, and they may bring the city’s economic recovery with them. A recent study shows the university, prior to the pandemic, generated $776 million in economic output annually for San Jose and $2.4 billion for the Bay Area. That disappeared with the onset of the...

Developments ramp up in downtown San Jose opportunity zone

High-rise developments are flowing through the construction pipeline in downtown San Jose, fueled by investor money and tax incentives—and it’s going to be that way for the next few years. The spur in development is due to opportunity zones, economically challenged areas where investors can receive federal tax breaks for putting money toward revitalization. While the pandemic...

Will downtown San Jose recover from office vacancies?

Office vacancies in downtown San Jose increased during the pandemic, but some say it’s only a matter of time before workers return. According to Silicon Valley MarketBeat, which analyzes commercial real estate activity, downtown vacancies rose during the beginning of 2021 from 14.2% to 17%—about 1.5 million square feet—compared to the first quarter of 2020....

Venture capitalist bringing green to downtown San Jose

The 96-year-old Bank of Italy building in downtown San Jose is one of the area’s most recognizable structures—a relic of Rennaisance Revival architecture in the middle of modern high rises. Soon, venture capitalist real estate developer Gary Dillabough, 58, will add a series of hanging gardens to the building’s facade. “We’re hoping to leverage experiences and...

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