South Bay/San Jose Archives - The Ivy Group

By Anthony Duignan-Cabrera – Contributor, Silicon Valley Business Journal Jan 15, 2025 The popular saying “an army marches on its stomach” could be credited to Frederick the Great or Napoleon Bonaparte, but the adage also applies to the legions of Silicon Valley tech workers. An army of industrious Bay Area innovators and worker bees needs to be […]

By Clare A. Fonstein – Reporter, Silicon Valley Business Journal Jan 15, 2025 After more than a year of trying to sell the property, CVS successfully offloaded a shuttered San Jose store. The property, at 5407 Camden Ave., sat vacant since the CVS store’s shutdown in 2023. An affiliate of the company sold the property for $9.25 million, according to records filed […]

By Alex Barreira – Staff Reporter, San Francisco Business Times Jul 10, 2024 Updated Jul 10, 2024 1:04pm PDT Five Bay Area restaurants have been tapped to the California Michelin Guide across Oakland, San Francisco and Wine Country. The so-called “new discoveries” are eligible for further honors including the prestigious Michelin Star or budget-friendly Bib Gourmand awards at […]

By Jenna Martin and Gary J. Boulanger – Silicon Valley Business Journal Dec 9, 2024 STORY HIGHLIGHTS West Coast cities have high middle-class salary gaps. San Jose’s median income falls short by nearly $60,000. Middle-class salaries stretch furthest in Detroit and Memphis. With America’s middle class shrinking in both population share and income growth, a recent study looked to see how […]

By Clare A. Fonstein – Reporter, Silicon Valley Business Journal Dec 4, 2024 STORY HIGHLIGHTS Summerwood Apartments sold for $203.15 million in Santa Clara. The sale is Silicon Valley’s priciest multifamily property in two years. Interstate Equities purchased the complex with 468 units. The transaction marks Silicon Valley’s most expensive multifamily property sale in more than two […]

By Joanne Drilling – National Data Reporter, The Business Journals Nov 29, 2024 Restaurants are staring down a new reality in the post-pandemic world. After pivoting during the height of Covid-19, restaurateurs have been forced to navigate a labor shortage, soaring inflation and shifting consumer habits. The end result? Lower margins and, for many businesses, a battle to […]

By Ari Mahrer and Joanne Drilling – San Francisco Business Times Nov 19, 2024 Office vacancy rates are at their highest point in 45 years. Commercial real estate insiders predict a quarter of existing American office space could be vacant by early 2026. And currently, 11 major metro areas have at least $1 billion worth of empty space. In […]

By Clare A. Fonstein – Reporter, Silicon Valley Business Journal Nov 19, 2024 STORY HIGHLIGHTS Danco Group acquired a site for $10.5 million. Plans include 128 affordable housing units on the property. Construction is set to begin in 2026, lasting two years. An Arcata construction company has acquired the site of a proposed residential development for $10.5 million with […]