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Logistics property in the bay area “bucked the headwinds” of a surge in new supply, said Silvia Zeng, head of research for south China at JLL. Southern China recorded a single-digit vacancy rate, versus double-digit rates in the other cities, she added. A page from the Temu website as seen onJune 23, 2023 in New York. Photo: AP Overall net absorption in China soared 44 per cent year on year in 2023 to 7.22 million sq m, the second highest level after a peak in 2021, even though the vacancy…

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(KRON) — There’s one street in Oakland that is considered the No. 1 most luxurious and coveted place to live in Northern California, according to a new survey conducted by real estate gurus. Agent Advice, a real estate website, commissioned a survey of 3,000 respondents to create a list of the “Most Coveted Address” in America. “In cities across the country, certain streets are not just thoroughfares — they are symbols of status and sophistication. These destinations are the epitome of luxury, representing the highest ideals of prestige and privilege,”…

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Mayor Sheng Thao delivers her first State of the City address at City Hall in Oakland, Calif., on Tuesday, Oct. 17, 2023. (Jane Tyska/Bay Area News Group) Oakland Mayor Sheng Thao joined mayors from across the country in Washington, D.C., this week to ask for more federal resources to combat homelessness and housing insecurity. Specifically, Thao wants the U.S. Department of Housing and Urban Development to boost the number of housing vouchers available to low-income residents. Recipients pay a portion of their income on rent — typically 30% — and…

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(Google Maps) Intel campus entrance at the corner of North First Street and Innovation Drive in north San Jose. SAN JOSE — Several employers have revealed plans to slash hundreds of Bay Area tech jobs in a disquieting reminder that staffing reductions are widening for the region’s sputtering economic engine. Intel, Amazon, Kaiser and electric vehicle charging firm FreeWire Technologies have disclosed their intentions to conduct layoffs in the upcoming weeks and months, according to official notices the organizations filed with the state Employment Development Department. Amazon fulfillment center at…

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(Google Maps) Intel campus entrance at the corner of North First Street and Innovation Drive in north San Jose. SAN JOSE — Several employers have revealed plans to slash hundreds of Bay Area tech jobs in a disquieting reminder that staffing reductions are widening for the region’s sputtering economic engine. Intel, Amazon, Kaiser and electric vehicle charging firm FreeWire Technologies have disclosed their intentions to conduct layoffs in the upcoming weeks and months, according to official notices filed with the state Employment Development Department (EDD). Amazon fulfillment center at 888…

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Gordon Rees Scully Mansukhani has rejiggered its offices across San Francisco and the East Bay, shedding offices on each side of the water. The San Francisco-based law firm is relocating its headquarters to a three-story building at 315 Pacific Avenue in Jackson Square, while vacating its Oakland office for an office at 100 Pringle Avenue in Walnut Creek, the San Francisco Business Times reported.  Gordon Rees is pulling up stakes from its three-decade old headquarters at 275 Battery Street, in the Financial District, where it occupied two floors. The move…

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Google is giving hundreds of recently homeless families across the Bay Area $1,000 a month to see if the no-strings-attached payments can help keep a roof over their heads. The program, part of the tech giant’s $1 billion pledge to combat the region’s housing crisis, is one of a growing number of “guaranteed income” pilots launched in recent years to determine whether unconditional payments can alleviate the Bay Area’s staggering wealth disparity. Mountain View-based Google’s philanthropic arm — along with other corporate Silicon Valley charitable groups, such as the David…

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