Category: Other categories
Silicon Valley billionaire’s campaign to build new Bay Area city submits signatures to get on November ballot – The Mercury News
FILE – A map of a new proposed community in Solano County, Calif., is displayed during a news conference in Rio Vista, Calif. on Jan. 17, 2024. The Silicon Valley-backed campaign to build a new city in California for up to 400,000 people said Tuesday, April 30, 2024, it has submitted enough signatures to qualify an initiative for the November election. (AP Photo/Janie Har, File) By JANIE HAR | Associated Press SAN FRANCISCO — A wealthy Silicon Valley-backed campaign to build a green city for up to 400,000 people in…
Read More
Developer dumps offices, eyes housing, seeks San Jose property sale – East Bay Times
SAN JOSE — A real estate company has scuttled a proposal to build a big office building at a prime San Jose site and has now pivoted to a plan for housing — even as it seeks to sell the property. The flurry of activity, along with the switch to housing, is a reminder of the weak state of the Bay Area office market and the shift to residential projects. 335 South Winchester Boulevard in west San Jose, a restaurant site, shown within the outline. Boundaries are approximate.The potential development…
Read More
Family offices are looking beyond the stock market for higher returns, new report finds – NBC Bay Area
Family offices have 46% of their total portfolio in alternative investments, according to the JPMorgan Private Bank Global Family Office Report. Alternatives include private equity, real estate, venture capital, hedge funds and private credit. Unlike stocks, which can swing wildly, alternatives such as private equity and private companies have more gradual valuation changes, smoothing out volatility. Large family offices have nearly half their investments in private markets and alternatives, as they move out of the stock market in search of higher returns and lower volatility, according to a new study.…
Read More
Berkshire Hathaway to pay $250 million to settle real estate commission lawsuits – East Bay Times
By Alex Veiga | The Associated Press A real estate company owned by Warren Buffett’s Berkshire Hathaway has agreed to pay $250 million to settle lawsuits nationwide claiming that longstanding practices by real estate brokerages forced U.S. homeowners to pay artificially inflated broker commissions when they sold their homes. HomeServices of America said Friday that the proposed settlement would shield its 51 brands, nearly 70,000 real estate agents and over 300 franchisees from similar litigation. The real estate company had been a major holdout after several other big brokerage operators,…
Read More