Open space tax measure to appear on June ballot in Santa Clara County
Open space tax measure to appear on June ballot in Santa Clara County – The Mercury News The Big Picture A new parcel tax measure will appear on the June ballot in Santa Clara County that would generate about $17 million per year for the Santa Clara Valley Open Space Authority. The measure would impose […]
Google widens San Jose holdings with purchase of office building
Google widens San Jose holdings with purchase of big office building The Big Picture Google continues to expand its footprint in North San José with the purchase of an 83,900-square-foot office building at 4500 North First Street in the Alviso district for $25.2 million. The deal brings the company’s total investment in the area to […]
New budget documents place San Jose’s estimated shortfall around $56 million
New budget documents place San Jose’s estimated shortfall around $56 million The Big Picture San José is facing a projected $56 million budget shortfall for the coming fiscal year, driven largely by declining sales tax revenue and rising employee salary and benefit costs. The deficit comes as the city begins its annual budget process and […]
First affordable housing development for artists coming to San Francisco
First affordable housing development for artists coming to San Francisco – CBS San Francisco The Big Picture San Francisco is moving forward with a 14-story affordable housing development designed specifically for artists at Market and Gough streets. The project, called Artists Hub on Market, will provide below-market apartments reserved for certified working artists along with […]
Congrats, Your City Gets to Host the Super Bowl. The Party’s 40 Miles Away.
The game is in San Jose’s backyard but locals say San Francisco is having all the fun; ‘another Charlie Brown–with-the-football moment.’ The city’s more glamorous cousin, San Francisco, ended up with the lion’s share of official Super Bowl week activities. This despite San Francisco being 40 miles north of Levi’s Stadium, where the game will […]
OpenAI signs South Bay office deal as tech company expands
OpenAI signs South Bay office deal in huge expansion for tech company The Big PictureOpenAI has signed a 10-year lease for approximately 439,000 square feet of office space at 350 and 380 Ellis Street in Mountain View, marking a significant expansion of the company’s physical presence in Silicon Valley. The deal covers two three-story buildings […]
Plans for a school come back into view for empty San Jose offices
Plans for large school come back into view for empty San Jose offices The Big PictureA vacant office building at 525 Race Street in San Jose could be converted into a private high school under a preliminary proposal from BASIS Independent Schools. The plan would reuse the three-story, 72,700-square-foot office building and add a 16,600-square-foot […]
Will San José Cut Services Too Soon as Its Reserve Falls to $12.5M?
San José’s reserve has dropped to $12.5 million while financial discipline and new revenue proposals move forward at the same time. San José’s Budget Stabilization Reserve has fallen from $63 million to just $12.5 million in roughly 18 months. At the same time, the City is projecting a $55–$65 million General Fund shortfall and signaling […]
As Super Bowl Host, Santa Clara Gets the Spotlight. Well, Sort Of.
Beyond Northern California, fans may not realize that the Super Bowl is actually in this tidy Silicon Valley suburb 45 miles south of San Francisco. The hanging lanterns of a historic Chinatown. The Golden Gate Bridge. Victorian homes famous for their sherbet hues. The fan entrance to Levi’s Stadium, which will host the Super Bowl […]
San Jose housing towers owner preps sales of residential units
Landmark San Jose housing tower owner preps sales of residential units Big Picture The owners of 188 West St. James, a pair of long-troubled residential towers near San Pedro Square, are making a decisive push to sell hundreds of unsold condominium units and reset the project’s future. New ownership under Machine Investment Group, with Centurion […]