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Historic downtown Oakland tower is returned to lender in feeble office market

Published Wed, 26 Feb 2025 09:53:09 GMT

OAKLAND — A historic downtown Oakland office tower that’s described as the East Bay city’s “original highrise” has been returned to its lender, a fresh indicator of the worsening weakness in the Bay Area office market.The Syndicate Building, an office tower at 1440 Broadway, is now in the hands of its lender, a disquieting hint that economic maladies linger for the region’s feeble office sector in the wake of the coronavirus outbreak.Brightspire Capital, a real estate investment firm and lender, has taken ownership of the 10-story highrise through a special deed that shows the property’s unpaid debt was $25.5 million at the time of the transaction, according to documents filed on July 28 with the Alameda County Recorder’s Office.The Syndicate office building, a 10-story highrise at 1440 Broadway in downtown Oakland. (LoopNet)The office building, which totals about 89,500 square feet, was sold by a Tidewater Capital-led affiliate t...

Opinion: Reparations to Black Californians is now up to Newsom

Published Wed, 26 Feb 2025 09:53:09 GMT

If California Gov. Gavin Newsom is searching for a reparations agenda that has broad appeal, he will need to expand what the movement is all about and focus on policy reforms that would improve the lives of Black Californians as well as people of various races.The United States Supreme Court recently created two openings by blocking President Joe Biden’s move to waive the federal student debt of 40 million potential voters and banning affirmative action at both private and public universities. Focusing on reforms that address inequities and avoiding the third rail of financial reparations is the sweet spot if the governor seeks to do anything with a California task force’s report that was finished earlier this month.Advancing nothing would be a disservice to the nine-member California Task Force to Study and Develop Reparation Proposals for African Americans. Its exhaustive and pioneering 40-chapter report truly represents a milestone in the movement. Those who participated, and cel...

Eshoo: Why we must bring back chip manufacturing to the U.S.

Published Wed, 26 Feb 2025 09:53:09 GMT

My congressional district was named for the materials that semiconductors are made of — Silicon Valley. But although chips are now found in everything from smartwatches to fighter jets, few semiconductors are made in the valley or anywhere in the United States.Thirty years ago, the United States manufactured nearly 40% of all semiconductor chips, but today we produce only 12%. The industry’s supply chains are fragile, leaving our economy and national security vulnerable to disruption by adversarial foreign governments and supply chain shocks, and we experienced this firsthand throughout the pandemic and over the past few years with the scarcity of the products we rely on.To revitalize our domestic semiconductor industry, Congress passed the CHIPS and Science Act last year, and last week, the House of Representatives built on that investment by passing my bipartisan bill, the Securing Semiconductor Supply Chains Act. This bill will ensure that the government develops strategies...

New DNA analysis helps solve mystery of 2 decomposed bodies found in Monterey apartment

Published Wed, 26 Feb 2025 09:53:09 GMT

MONTEREY – More than nine years ago, Monterey police responded to the death of a local woman. Ultimately, the case was deemed non-criminal. She died from starvation – no foul play was suspected.But her death left authorities with questions that have gone unanswered for the better part of a decade. Until now.Thanks to new DNA technologies and processes, investigators have solved the baffling case, the Monterey Police Department announced Monday.On Feb. 4, 2014, Monterey Police officers found a woman dead in her apartment on the 1100 block of Fourth Street according to a press release from the police. Per her California Driver’s license, she was identified as Francesca Linda Jacobs, with a birthdate in 1955. With no suspicions of foul play, that was it.Then authorities found decomposed remains of another person inside Jacobs’ virtually empty apartment.According to police, officers from Monterey, as well as the Sheriff-Coroner, located the remains – the body of a fully clothed woman – ...

Detached house sells in Dublin for $2.4 million

Published Wed, 26 Feb 2025 09:53:09 GMT

2869 Poppy Hills Lane – Google Street ViewThe spacious property located in the 2800 block of Poppy Hills Lane in Dublin was sold on June 8, 2023. The $2,415,000 purchase price works out to $670 per square foot. The house, built in 2003, has an interior space of 3,603 square feet. This single-story house boasts a generous living space with five bedrooms and five baths. Additionally, the home is equipped with a three-car garage, accommodating vehicles and storage needs efficiently. The lot of the property covers a substancial area of 6,413 square feet.Additional houses that have recently been sold close by include:In June 2023, a 3,781-square-foot home on Signal Hill Drive in Dublin sold for $2,310,000, a price per square foot of $611. The home has 5 bedrooms and 4 bathrooms.A 3,883-square-foot home on the 5300 block of Hazel Tine Lane in Dublin sold in July 2022, for $2,220,000, a price per square foot of $572. The home has 4 bedrooms and 5 bathrooms.On Hazeltine Lane, Dublin, in Oct...

Photos: Palm Beach home that celebrates its connection to Elizabeth Taylor hits the market for $5 million

Published Wed, 26 Feb 2025 09:53:09 GMT

A curbside view of the house. (Photo by Mark San Agustin)A fireplace anchors the living room. (Photo by Mark San Agustin)The dining area and kitchen. (Photo by Mark San Agustin)The kitchen. (Photo by Mark San Agustin)The outdoor kitchen and additional patio dining and living area mirror the layout of the interior. (Photo by Mark San Agustin)One of two primary suites. (Photo by Mark San Agustin)One of two spa-inspired primary bathrooms. (Photo by Mark San Agustin)Show Caption of ExpandA modern desert retreat marketed as “the only Palm Springs house ever owned by icon Elizabeth Taylor” is on the market for $4.95 million.Located on Prescott Drive in Old Las Palmas, the low-slung 3,876-square-foot house dating to 2001 sits behind a wall and gates on a nearly two-thirds-acre lot. It has four bedrooms, five bathrooms and an open-concept living space that opens onto the pool area.News archives contend Taylor lived in or owned the house from 2004 until she died in March 2011 at age 79. The ...

Man dies after fire starts near I-980 in Oakland

Published Wed, 26 Feb 2025 09:53:09 GMT

(BCN) -- The California Highway Patrol reported at least one death Tuesday early morning after a man set up a fire on Interstate 980 (I-980) in Oakland. Concord father of four drowns in Lake Tahoe According to the state agency, the fire was first reported under the freeway at 1:25 a.m. The highway patrol said the Oakland Fire Department saw a man setting up the fire on the westbound lane of I-980 near the 17th Street off-ramp. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now KRON4 Breaking News SIGN UP NOW Firefighters eventually located a burnt victim with head trauma at the off-ramp, the CHP said, prompting the state agency to shut down the highway's westbound lane near the off-ramp. They confirmed the fatality on the westbound lane near 14th Street, according...

UniQure: Q2 Earnings Snapshot

Published Wed, 26 Feb 2025 09:53:09 GMT

AMSTERDAM (AP) — AMSTERDAM (AP) — UniQure NV (QURE) on Tuesday reported a loss of $68.5 million in its second quarter.On a per-share basis, the Amsterdam-based company said it had a loss of $1.44.The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.97 per share.The human gene therapy company posted revenue of $2.4 million in the period, also missing Street forecasts. Five analysts surveyed by Zacks expected $168.7 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QURE at https://www.zacks.com/ap/QURESource

SunPower: Q2 Earnings Snapshot

Published Wed, 26 Feb 2025 09:53:09 GMT

RICHMOND, Calif. (AP) — RICHMOND, Calif. (AP) — SunPower Corp. (SPWR) on Tuesday reported a loss of $33.1 million in its second quarter.The Richmond, California-based company said it had a loss of 19 cents per share. Losses, adjusted for one-time gains and costs, were 13 cents per share.The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.The solar products and services company posted revenue of $463.9 million in the period, exceeding Street forecasts. Five analysts surveyed by Zacks expected $462.9 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPWR at https://www.zacks.com/ap/SPWRSource

Commvault: Fiscal Q1 Earnings Snapshot

Published Wed, 26 Feb 2025 09:53:09 GMT

TINTON FALLS, N.J. (AP) — TINTON FALLS, N.J. (AP) — Commvault Systems Inc. (CVLT) on Tuesday reported fiscal first-quarter net income of $12.6 million.The Tinton Falls, New Jersey-based company said it had profit of 28 cents per share. Earnings, adjusted for one-time gains and costs, were 72 cents per share.The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.The data-management software company posted revenue of $198.2 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $197.4 million.For the current quarter ending in September, Commvault said it expects revenue in the range of $193 million to $197 million.The company expects full-year revenue in the range of $805 million to $815 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks ...