Author: Agggregated News

(George Avalos/Bay Area News Group) A view of downtown San Jose from one of the upper floors of The Fay, a 336-unit, 23-story housing tower at 10 East Reed Street next to South First Street in San Jose. SAN JOSE — The South Bay must ditch empty office buildings and replace them with housing so the San Jose area can accommodate cutting-edge tech jobs such as artificial intelligence, a top economist says. That was one of the assessments and recommendations from economist Christopher Thornberg during a presentation at the San…

(Google Maps) 10-story office tower at 1700 Broadway in downtown Oakland. OAKLAND — A downtown Oakland office tower has been seized through a foreclosure that points to a huge plunge in real estate values and a feeble Bay Area commercial property market. 1700 Broadway, a 10-story highrise in downtown Oakland’s bustling Uptown district, is now owned by its lender following the foreclosure, documents filed on June 7 with the Alameda County Record’s office show. 1700 Broadway, a 10-story office tower in downtown Oakland, street-level view, April 2023. (Google Maps) Bank of…