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Foreclosed San Jose office building near big malls is bought — again

Published Wed, 26 Feb 2025 09:10:05 GMT

SAN JOSE — A San Jose office building near the city’s big malls that lurched into foreclosure, was seized by its lender, and is deemed to be an eyesore has been bought by a Bay Area real estate investor.The building, located at 826 North Winchester, was bought for slightly more than $6.5 million, according to documents filed on Sept. 21 with the Santa Clara County Recorder’s Office.The office building, which is scarred by graffiti and is said by its neighbors to be a blighted property, has been bought, seized through foreclosure, bought by a new owner, and then seized through foreclosure again in June of this year, prior to the most recent purchase.The merry-go-round of transactions began in 2020, when a Redondo Beach-based investor bought the building for $8.25 million. After that loan was foreclosed, a Grass Valley-based real estate group paid $10.75 million for the site in 2021.The most recent price, $6.54 million, is 39% below the prior purchase price less than...

Bay Area News Group girls athlete of the week: Lauren Grgurina, California flag football

Published Wed, 26 Feb 2025 09:10:05 GMT

California girls flag football player Lauren Grgurina is the Bay Area News Group’s girls high school athlete of the week for Sept. 11-16 after she received 41.3% of the vote.San Ramon Valley flag football player Mackayla Chojnacky (28.6%) took second.Congratulations to all the candidates for this week’s recognition.Grgurina, a senior, scored the only touchdown of Cal’s 7-0 victory over San Ramon Valley on Wednesday. Later in the week, the senior caught two touchdowns from Kylie Tabor, and returned one of her two interceptions for a touchdown.To nominate an athlete for next week’s poll, email [email protected] by Monday, Sept. 25, at 11 a.m. Please include stats and team results.We also review stats submitted to MaxPreps.com by coaches/team statisticians for consideration.Winners are announced each Friday on the Mercury News & East Bay Times websites and in the print edition of the Mercury News and EB Times sports sections.Related ArticlesHigh School Sports |...

Editorial: Don’t let PG&E further gouge its 16 million customers

Published Wed, 26 Feb 2025 09:10:05 GMT

PG&E has few peers when it comes to raking in profits at the expense of its customers.Since 2018, the utility’s average bill for the typical residential customer who received gas and electric services has skyrocketed by 42%, from $169.73 a month to $240.73 a month. That compares to the overall Bay Area inflation rate over the last five years of 13.5%, or 2.7% a year.If that wasn’t bad enough, the two-time convicted felon is now proposing that it be allowed to harvest even higher revenues from its customers.PG&E had the temerity to ask the California Public Utilities Commission for permission to increase its revenue in 2023 by a whopping $3.2 billion, or 26%.The PUC, which has a long history of cozying up to PG&E, must not allow PG&E to further gouge its 16 million customers, not when they already pay some of the highest utility rates in the nation.The PUC should instead consider the two alternative proposals it issued last week — one crafted by PUC ...

Woman rescued from outhouse toilet after climbing in to retrieve Apple Watch, police say

Published Wed, 26 Feb 2025 09:10:05 GMT

BAGLEY TOWNSHIP, Mich.  — A woman was rescued Tuesday from an outhouse toilet in northern Michigan after she climbed in to retrieve her Apple Watch and became trapped.The woman, whose name was not released, lowered herself inside the toilet after dropping the watch at the Department of Natural Resources boat launch at Dixon Lake in Otsego County’s Bagley Township, state police said Wednesday in a release.First responders were called when the woman was heard yelling for help. The toilet was removed and a strap was used to haul the woman out.Related ArticlesNational News | $10,000 Depression-era bill sells for $480,000 National News | High school band director hit with stun gun, arrested after refusing to end performance National News | Woman accused of setting California Target afire so she could steal baby formula is arrested National News | GOP Rep. Lauren Boebert escorted out of “Beetlejuice” musical in Denver after “causi...

Another top Silicon Valley investor is splitting off its China business as pressure mounts

Published Wed, 26 Feb 2025 09:10:05 GMT

By Michelle Toh | CNNHong Kong  — GGV Capital, a prominent Silicon Valley venture capital firm, has become the latest big investor to break up its US and China operations into separate companies as tensions between the two countries over tech and geopolitics continue to rise.The firm announced Thursday that it would divide its business into two “completely independent” firms with separate new brands, which have not been revealed.According to the company, one side will concentrate on North America, Latin America, Europe, Israel and cross-border US-India deals, led by teams in California and New York by managing partners Glenn Solomon, Hans Tung, Jeff Richards and Oren Yunger.The other side will focus on China, Southeast Asia and South Asia, run from its headquarters in Singapore, by managing partners Jenny Lee and Jixun Foo.GGV’s existing Chinese yuan-denominated funds “will continue to be managed independently” under its Chinese brand, Jiyuan Capital, it said.In a statement, the fir...

Opinion: Remembering Adobe’s John Warnock, a Silicon Valley giant

Published Wed, 26 Feb 2025 09:10:05 GMT

I recently went to the memorial service for John Warnock. Most will not be familiar with the name — he was a brilliant man but a modest one. He was also a person ranking with Bill Hewlett, David Packard, Gordon Moore, Bob Noyce and Steve Jobs in the pantheon of those who created our special valley and changed the world.As I sat thinking of my time with him on the Tech Museum board, my mind drifted back to the place I now sit, the  headquarters of Adobe Systems — the company he co-founded with Chuck Gesecke and one that changed so much of how we do our writing and communicating and dreaming. It was a place I know well. I attended St. Joseph’s Grammar School on that very site, about nine years with the Sisters of Notre Dame and Jesuits of the church down the street.  We lived in a very different place then, not really a city but definitely the beginnings of one.My family has lived and worked in our downtown for generations, and from my bedroom window I could see AP Giannin...

2 dead in domestic violence shooting at Albany Toyota service center

Published Wed, 26 Feb 2025 09:10:05 GMT

ALBANY, Calif. (KRON) -- A suspect involved in a domestic violence shooting at a Toyota service center in Albany exchanged gunfire with Berkeley Police Department officers Thursday morning, police say. Both the suspect and an employee of the store were killed. Witnesses saw the suspect shoot a female employee inside the Toyota service center, the Alameda County Sheriff's Office said. Police then responded and were involved in a shooting. Berkeley Mayor Jesse Arreguín said the suspect was shot by the officers. The shooting of the victim by the suspect was determined to be an act of domestic violence, according to investigators.At 11:14 a.m., Berkeley and Albany police dispatch centers both received several 911 calls from people inside the Toyota service center in Albany that reported a man entered the business with a gun and shot an employee, ACSO said. Berkeley PD officers were the first to arrive at the scene and evacuated the area.Officers immediately entered the business to searc...

Russia’s Defense Ministry says 1 serviceman missing, not killed as it initially stated, after Ukrainian missile strike on annexed Crimea

Published Wed, 26 Feb 2025 09:10:05 GMT

MOSCOW (AP) — Russia’s Defense Ministry says 1 serviceman missing, not killed as it initially stated, after Ukrainian missile strike on annexed Crimea.Source

La costa este de EE.UU. está en alerta de tormenta tropical que podría llevar lluvias y fuertes vientos

Published Wed, 26 Feb 2025 09:10:05 GMT

(CNN) — Algunas partes de la costa este de Estados Unidos se preparan para un fin de semana lluvioso debido al desarrollo de una tormenta tropical que se arremolina sobre el Atlántico, generando advertencias de tormenta tropical desde Carolina del Sur hasta Maryland a medida que el sistema se acerca a tierra.Según el Centro Nacional de Huracanes (CNH), se espera que la zona de baja presión, denominada posible ciclón tropical 16, se convierta en tormenta tropical cuando alcance la costa de Carolina del Norte este viernes y comience a ascender durante tres días.La lluvia se extenderá cientos de kilómetros desde el centro de la tormenta, a menudo acompañada de vientos racheados. Las zonas afectadas también podrían sufrir peligrosas mareas de tempestad e inundaciones costeras, fuertes corrientes de resaca y fuerte oleaje.Algunos tornados también son posibles en algunas partes de la costa del Atlántico medio.El sistema de tormentas estaba a unos 330 kilómetros al este-sureste de Ch...

US Treasury and Chinese Ministry of Finance launch economic working groups in an effort to ease tensions and deepen ties

Published Wed, 26 Feb 2025 09:10:05 GMT

WASHINGTON (AP) — US Treasury and Chinese Ministry of Finance launch economic working groups in an effort to ease tensions and deepen ties.Source