The Bay Area tops the list of U.S. regions grappling with soaring costs of living. While housing, food, childcare, and health care expenses have strained residents’ budgets for years, a new expense has emerged as a major issue: utility costs. PG&E electricity rates have skyrocketed by a staggering 63% in just three years, contributing to widespread … Read more
It’s the phrase guaranteed to garner applause in mayoral stump speeches. It’s listed at the top of voters’ concerns in surveys year after year. It’s the subject of a $20 billion bond Bay Area voters will decide on in November. Affordable housing. But what does the phrase actually mean? The term is often used for … Read more
By Michelle Ma | Bloomberg California regulators dealt the struggling solar industry a fresh blow, adopting rules that renewable advocates warn will discourage smaller projects. The rules decided Thursday come more than a year after the state most responsible for making solar power mainstream slashed incentives for residential systems, prompting rooftop installations to plunge. The … Read more
SAN JOSE — A huge tech campus proposed for downtown San Jose could be delayed for a few years, fresh evidence that the Bay Area’s wobbly office market and tricky economy continue to jolt real estate projects. CityView Plaza, a massive office, retail and restaurant complex in downtown San Jose, is headed for a development … Read more
BY MARISA KENDALL | CalMatters Guaranteed income has become a buzzword in California, as the state struggles to stop people from getting priced out of their homes and landing on the streets. The latest entity pushing to give cash directly to people in need isn’t a nonprofit or an uber-progressive politician — it’s a massive … Read more
San Jose Mayor Matt Mahan is throwing his support behind a proposed ordinance to help low-income tenants in San Jose stay in their neighborhoods. This week, the mayor and community leaders gathered in Mayfair, a historically Latino neighborhood east of downtown whose residents have seen rapid change, to support a new “Tenant Preference” policy, which … Read more
SAN JOSE — TikTok has completed a rental deal for a big San Jose tech building, a transaction that suggests some pockets of strength still exist in a feeble Bay Area commercial real estate sector. The fast-expanding tech company has subleased an office building at 1143 Coleman Avenue in San Jose, according to documents filed … Read more
CONCORD — Maria Verduzco has two more weeks to move out of the three-bedroom house she and her three children have called home since 2021. In late January, she received a 60-day notice that her landlord planned to terminate her tenancy by April 1 — without any listed reason. She said she had never missed … Read more
Filmmaker Devashish Makhija recently opened up about his financial struggles, revealing that he hasn’t earned any money from his critically acclaimed movies, including last year’s Joram, starring Manoj Bajpayee. In an interview with Pranav Chokhani, Devashish shared that he is currently bankrupt due to the lack of financial returns from his films. “I have not … Read more
SAN JOSE — Boys & Girls Clubs of Silicon Valley has signed a lease to shift the offices of its local headquarters to downtown San Jose, bringing jobs and potential restaurant and retail patrons to the city’s urban core. The youth services group, which is the Silicon Valley chapter of the Boys & Girls Clubs of … Read more