Author: Agggregated News
Nvidia drops $374M to become its own Bay Area landlord – The San Francisco Standard
Nvidia, the chipmaker whose market value has ballooned to over $2.3 trillion as a result of the artificial intelligence boom, just dropped a nine-figure sum to acquire a majority of its Santa Clara headquarters, which it has occupied since 1998. According to documents filed with the county, Nvidia paid just over $374 million to its now-former landlord, Preylock Holdings, a Los Angeles asset management company, for six parcels of land with eight buildings and two parking structures. Earlier this year, Preylock had quietly auctioned the properties for sale after receiving…
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Half Moon Bay planning commission reluctantly OKs senior farmworker housing — with conditions – The Mercury News
Trailers are seen from this drone view at California Terra Gardens in Half Moon Bay, Calif., on Wednesday, Jan. 25, 2023. Farm worker Chunli Zhao, 66, was booked on seven counts of murder after the Jan. 23 mass shooting. (Jane Tyska/Bay Area News Group) After airing their concerns over height, traffic and design over several hours in a meeting that extended past midnight, Half Moon Bay planning commissioners approved modified plans for a 40-unit apartment complex for senior farmworkers in downtown. The commissioners were under pressure from Gov. Gavin Newsom,…
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Tech job cuts ease a bit in Bay Area as industry layoffs haunt region – The Mercury News
(Douglas Zimmerman/Special to the Bay Area News Group) Logo of Facebook app owner Meta Platforms on Hacker Way in Menlo Park. The Bay Area’s wobbly tech industry is showing signs of stabilizing after suffering years-long waves of wrenching layoffs unleashed by the sector’s quest for improved efficiency. While job losses at major companies like Tesla still haunt the region’s tech industry, which is being battered by staffing reductions, plant shutdowns, consolidations and reorganizations, cutbacks are now less severe overall. During the one-year period that ended in March 2024, the Bay…
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See what $2M in gets you in Santa Clara County’s housing market – KTVU FOX 2 San Francisco
New Milestone: Santa Clara County median home price hit $2 million for first time It is another big milestone in the Bay Area housing market: The median price of a single-family home in Santa Clara County hit $2 million for the first time. So what is driving the surge? Realtors say low inventory is the key issue. SAN JOSE, Calif. – It is another big milestone in the Bay Area housing market: The median price of a single-family home in Santa Clara County hit $2 million for the first time. So what is…
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Santa Clara County median home price hits $2 million – NBC Bay Area
The median home price in Santa Clara County is now $2 million, and it’s due to a combination of things. It’s a tech spot — home to Apple, Nvidia, AMD, Google, Supermicro and Intuit, among others. It’s also where home buyers are competing for a small number of homes, and that’s driving up prices. “It’s a milestone, and inevitable at the same time,” Holly Barr of Compass Real Estate, said. “People have been waiting to buy a house, and I think stocks have gone up, so people have more money…
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