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Downtown Oakland tower project site tumbles into real estate loan default

by Abhishek soni
Downtown Oakland tower project site tumbles into real estate loan default

OAKLAND — The site for a residential tower that could have become an eye-catching addition to the skyline of downtown Oakland has toppled into a loan default, raising questions about …

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Categories Lifestyle

The Federal Reserve Could Lower Interest Rates, Which Is Good News For Your Car Loans

by Adesola Mojo
The Federal Reserve Could Lower Interest Rates, Which Is Good News For Your Car Loans

Photo: Justin Sullivan (Getty Images) Jerome Powell, chairman of the Federal Reserve, said earlier today that inflation is on its way back down to reasonable levels — levels that would …

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Categories Automobile

San Jose office building may dodge foreclosure with bankruptcy plan

by Ev Richard
San Jose office building may dodge foreclosure with bankruptcy plan

SAN JOSE — A big north San Jose office building might dodge foreclosure if a federal judge approves a bankruptcy plan that’s being floated to reorganize the empty property’s feeble …

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Categories Technology

Silicon Valley tech campus is foreclosed as office market staggers

by Ev Richard
Silicon Valley tech campus is foreclosed as office market staggers

MOUNTAIN VIEW — A lender has seized through foreclosure a South Bay tech campus once touted as an “exquisite” property in a fresh sign that an economic whirlpool menaces the …

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Categories Technology

San Jose office buildings flop into default in weak real estate market

by Adrian Jhonsan
San Jose office buildings flop into default in weak real estate market

SAN JOSE — Two small San Jose office buildings perched on a prominent site have toppled into a loan delinquency — but the property owner has begun to scout for …

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Categories World

Big San Jose apartment project lands key piece of real estate funding

by Abhishek soni
Big San Jose apartment project lands key piece of real estate funding

SAN JOSE — A big San Jose apartment project that could sprout in downtown San Jose has landed interim funding while the site’s developer scouts for financing to construct the …

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Categories Lifestyle

Owner of San Jose office building headed for foreclosure goes bankrupt

by Ev Richard
San Jose office building may dodge foreclosure with bankruptcy plan

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 …

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Categories Technology

700-plus affordable homes might sprout in San Jose near tech hubs

by Abhishek soni
700-plus affordable homes might sprout in San Jose near tech hubs

SAN JOSE — A big housing development — whose units will all be affordable — could produce well over 700 residences on empty land near tech hubs and Google-owned sites …

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Categories Lifestyle

Mountain View tech buildings are foreclosed as real estate woes widen

by Adrian Jhonsan
Mountain View tech buildings are foreclosed as real estate woes widen

MOUNTAIN VIEW — A lender has seized two big office buildings in a tech-rich section of Silicon Valley, disquieting fresh evidence that the Bay Area’s commercial property woes have yet to …

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Categories World

True inflation may have peaked in late 2022 — at 18% — and still hovers around 8%

by Albert Wagner
True inflation may have peaked in late 2022 — at 18% — and still hovers around 8%

“Consumer borrowing costs in the U.S. have skyrocketed, but the CPI doesn’t count this. ” There are widely divergent perspectives between Wall Street, where exuberance has led the U.S. stock …

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