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Real estate tycoon Truong My Lan was sentenced Thursday to death by a court in Ho Chi Minh City in southern Vietnam in the country’s largest financial fraud case ever, state media Vietnam Net said. The 67-year-old chair of the real estate company Van Thinh Phat was formally charged with fraud amounting to $12.5 billion — nearly 3% of the country’s 2022 GDP. Lan illegally controlled Saigon Joint Stock Commercial Bank between 2012 and 2022 and allowed 2,500 loans that resulted in losses of $27 billion to the bank, reported…

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SAN JOSE — The owner of a big San Jose office building whose loan has toppled into delinquency and default has filed for bankruptcy, potentially a last-ditch quest to ward off a property foreclosure. The office building that’s in default is located at 10 West Tasman Drive in north San Jose, according to documents on file in Santa Clara County and at the U.S. Bankruptcy Court. Heritage 10 West Tasman LLC, the owner of the Tasman Drive office building, filed a petition on April 5 to reorganize its finances under…

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A San Francisco barbershop is fighting to survive. Blades Co. Barbershop, located in the city’s Financial District, said it’s still severely struggling from the lingering effects of the COVID-19 pandemic. The buzz inside the barbershop has been if it’s going to be open next week. “That’s sad to me because I think we’re losing kind of biodiversity across the culture in San Francisco,” said David Kwon, a regular customer at the business. The barbershop opened in 2015 at a different space but moved at their current location near the Transamerica…

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California, known for its golden beaches, vibrant cities, and lush vineyards, is also home to some of the most expensive housing markets in the United States. As of 2024, the real estate landscape in this sunny state continues to be a testament to luxury and exclusivity. Here, we delve into the most expensive housing markets in California, offering a glimpse into the opulent lifestyles and the factors driving the premium prices in these areas. These markets are characterized by their luxurious amenities, prime locations, and often, their historical and cultural significance.…

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A San Francisco barbershop is fighting to survive. Blades Co. Barbershop, located in the city’s Financial District, said it’s still severely struggling from lingering effects of the pandemic. The buzz inside the barbershop is if it’s going to be open next week. “That’s sad to me because I think we’re losing kind of biodiversity across the culture in San Francisco,” said David Kwon, a regular customer at the business. The barbershop opened in 2015 at a different space but moved at their current location near the Transamerica Pyramid after they…

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CUPERTINO, Calif. — This is what $1.7 million will get you on the western edge of Silicon Valley in Cupertino: A cozy 384-square-foot home, which is a little more than the average size of an American hotel room. “It’s time to bring out the old cliché which just happens to be the truth — it’s location, location, location,” said David Stark, a spokesperson for the Bay East Association of Realtors. But the house might not be what people are paying for. Instead, it’s the potential of a 7,841 square foot…

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Former Wood Street homeless encampment resident Lamonte Ford bows his head during a moment of silence for camp members who have died over the past year during a press conference sponsored by Wood Street Commons on 26th Street near Wood Street in West Oakland, Calif., on Wednesday, April 10, 2024. (Jane Tyska/Bay Area News Group) At the north end of Wood Street in West Oakland, just outside a cabin shelter village that houses dozens of homeless people who until about a year ago lived at a sprawling encampment in the…

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2024 Forty Under 40 winner by Gary Quackenbush, for North Bay Business Journal As a seasoned professional in residential and commercial real estate, Matthew Martinez has built a strong track record of successful transactions throughout the Bay Area. He specializes in a variety of property types, including houses, condominiums, multifamily and income/investment properties. “I’ve earned a reputation for precision in navigating diverse neighborhoods. My deep understanding of the Bay Area’s market dynamics, combined with extensive experience across all price ranges, enables me and my team to provide unmatched service to…

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SAN JOSE — The Bay Area office sector remains feeble, battered by brutally high levels of empty spaces — but the hunger by tenants to lease offices is starting to surge, new commercial real estate reports show. Empty office spaces remained at or near record levels in the Bay Area’s four primary markets during the January-through-March first quarter of 2024, according to a new report released by CBRE, a commercial real estate firm. The office markets in the South Bay, the East Bay’s Oakland-Emeryville region, San Mateo County and San…

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