Perhaps marking a change in Silicon Valley that many residents don’t think about, Fry’s Electronics, after 36 years in business, is shutting down the 31 stores it has remaining. Fry’s Electronics was welcomed by many techies when it opened advertising: IC’s, soldering irons, Jolt Cola, and pantyhose(?). Its closing emphasizes the change in Silicon Valley […]
Fry’s Electronics Is Shutting Down Read More »
The pandemic has hit Silicon Valley as if there were two separate worlds here. Troy Wolverton, of the Silicon Valley Business Journal, summarized it nicely: “The tech industry and those involved largely thrived – thanks in large part to a resurgent stock market and the industry’s ability to shift to a remote work model –
Silicon Valley – Two Economies Read More »
As affordable housing becomes more scarce nationwide, developers are buying distressed hotels and turning them into apartments. Nationwide, 18% of hotels are behind on their mortgages as of Dec, 2020. “Apartments around here, you might pay $120,000 a door, and we can purchase these hotels probably $30,000 to $40,000 a door, and maybe put $10,000
Investment Trend – Hotels Converted To Appartments Read More »
Google and its development partner Lendlease have modified their plans to include 7,000 residential units for Google’s campus in north Mountain View. Google has also proposed that 20% of the homes (1,400) be “affordable” homes. That would be double the number of existing affordable homes in Mountain View. The plans contain 3.1 million square feet
Google Continues Ahead With Mountain View Campus Expansion Read More »
A Feb 3, 2021 Zillow Press Release begins: “Competition is Fierce for Home Buyers, But Acting Quickly Could Save Them Hundreds on Their Monthly Payments”. The two things which stand out about this press release are that: 1) Zillow has little to gain by urging buyers to buy now and 2) the numbers they provide
Zillow: “Acting Quickly Could Save Them Hundreds …” Read More »
