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Downtown San Jose office tower trades for a big loss as market falters

Published Wed, 25 Dec 2024 17:09:31 GMT

SAN JOSE — A prominent office tower in downtown San Jose has been bought for much less than the last time the highrise was sold, a deal that underscores the frailty of the Bay Area office market in the wake of the coronavirus.The office building, located at 303 Almaden Boulevard in downtown San Jose, has been bought for slightly under $23.8 million, according to documents filed on Dec. 13 with the Santa Clara County Recorder’s Office.Entry area of an 11-story office tower at 303 Almaden Boulevard near West San Carlos Street in downtown San Jose. (George Avalos/Bay Area News Group)George Mersho, chief executive officer of Morgan Hill-based Shoe Palace, headed up the group that bought the 11-story office tower, county real estate files show.Another company that Mersho heads, Bridge Group Investments, recently began to team up with Los Angeles-based Steerpoint Capital, a real estate firm, on multiple commercial real estate investments. It wasn’t immediately certa...

49ers’ Nick Bosa about to encounter new-and-improved Kyler Murray

Published Wed, 25 Dec 2024 17:09:31 GMT

SANTA CLARA — Nick Bosa is forever linked with Kyler Murray as the 2019 NFL Draft’s top two picks. Both won NFL Rookie of the Year honors on their respective side of the ball, and, both have come back from anterior cruciate ligament tears.Whereas Bosa rebounded in 2021 from his knee injury, Murray is 2-2 in his return this season heading into Sunday’s game between the 49ers (10-3) and host Arizona Cardinals (3-10).“He looks great moving around. He’s actually playing this scheme better than the previous regime there,” Bosa said. “He’s kind of sitting in the pocket and playing quarterback more. Then obviously the run game and the scrambles, he’s an added element there, so we have to be ready.”Under first-year coach Jonathan Gannon, Murray is completing a career-low 60.8-percent of his passes (79-of-130, 864 yards), and he has as many touchdown throws as runs, with three apiece.The 49ers are freshly prepared for Murray’s regained mobility...

Details of Bay Area man’s alleged slaying of wife begin to emerge

Published Wed, 25 Dec 2024 17:09:31 GMT

Suspicions of poisoning, the tainting of food and water, the finding of a victim’s burned body in Fresno County, lurid facts of an autopsy, and a murder suspect’s arrest.Those details in first of a two-day preliminary hearing for a 62-year-old Fairfield man, Gregory Grant Hobson, accused of killing his wife in February, emerged Wednesday in Department 23 of Solano County Superior Court.Judge Barbara A. Zuniga presided over the morning proceeding against Hobson, who has pleaded not guilty to the first-degree murder of Anu Anand Hobson, 53, of Fairfield, on or about Valentine’s Day, Feb. 14.Shortly after 10 a.m., Chief Deputy District Attorney Bruce Flynn called to the stand his first witness, Fairfield Police Office Keli Callison, who testified that, on Feb. 16, after being alerted through a license plate reader dispatch, stopped Hobson in his pickup truck at about 4 p.m. near the intersection of Highway 12 and Walters Road.Callison said reports possibly linking Hobson to a missing p...

What to expect during 2024 Lunar New Year festival at Disney California Adventure

Published Wed, 25 Dec 2024 17:09:31 GMT

The Asian-inspired food festival paying tribute to Chinese, Korean and Vietnamese traditions will return to Disney California Adventure with a lineup of multicultural food booths, live entertainment and Disney characters dressed in festive attire.Disney’s annual Lunar New Year event will be held Jan. 23 through Feb. 18 at the Anaheim theme park.The 2024 festival will celebrate the Year of the Dragon — which means Mushu will lead Mulan’s Lunar New Year parade at DCA.Disney has not yet announced an official lineup of festival marketplace booths, restaurants and menu items for the 2024 festival.The 2023 lineup of six festival marketplace booths included Bamboo Blessings, Wrapped in Love, Lucky 8 Lantern, Red Dragon Spice Traders, Prosperity Bao & Bun and Longevity Noodle Co.DCA restaurants that offered Lunar New Year menu items in 2023 included Paradise Garden Grill, Lamplight Lounge, Lucky Fortune Cookery, Pacific Wharf Cafe (now Aunt Cass Cafe), Sonoma Terrace, Boardwalk Pizza &a...

California less likely to have blackouts thanks to solar, big batteries

Published Wed, 25 Dec 2024 17:09:31 GMT

By Josh Saul and Tope Alake | BloombergCalifornia’s risk of blackouts has fallen as more renewable energy and batteries are added to its power grid, reducing the need to import electricity from other regions, industry regulators said Wednesday.The grid has been designated “elevated risk,” which means it has enough energy for normal conditions but could fall short in extreme weather, the North American Electric Reliability Corp. said in its latest long-term reliability report. That’s actually an improvement over last year’s designation of “high risk,” meaning shortfalls were more likely and additional power sources were needed.Related ArticlesTechnology | Deadly Southern California wildfire triggered by sagging electrical line, Cal Fire report says Technology | PG&E customers face higher bills — yet again — after new company request Technology | Elias: California utility bills to rise for decades after PUC’s solar move...

Danes say 3 arrested in Denmark, 1 in the Netherlands suspected of planning terror attacks

Published Wed, 25 Dec 2024 17:09:31 GMT

COPENHAGEN, Denmark (AP) — Three people were arrested in coordinated actions across Denmark and one person in the Netherlands on suspicion of plotting to carry out “an act of terror,” Danish police said Thursday. Flemming Drejer, operative head of Denmark’s Security and Intelligence Service, known by its acronym PET, said that Denmark was not changing the terror threat level, which has been at “serious,” the second-highest level, since 2010. He added that the case had “threads abroad” and “was related to criminal gangs,” singling out the banned gang Loyal to Familia. In January 2020, a Danish court upheld a nationwide police ban on the gang, saying that the LTF should be dissolved as illegal under Denmark’s constitution.The gang had been behind gang feuds, violence, robberies, extortion and drug sales in the Danish capital and “had used violence and illegal means to achieve its goal,” the Copenhagen District Court said then. In September 2018, police in Denmark issued a tempor...

Rising stock markets around the world in 2023 have investors shouting ‘Hai’ and ‘Buy’

Published Wed, 25 Dec 2024 17:09:31 GMT

NEW YORK (AP) — It’s been a great year for stock markets around the world.Wall Street’s rally has been front and center, with the U.S. stock market the world’s largest and its clear leader in performance in recent years. The S&P 500 is on track to return more than 20% for the third time in the last five years, and its gangbusters performance has brought it back within 2% of its record set at the start of 2022. The Dow Jones Industrial Average closed at a record high Wednesday.Even in Japan, which has been home to some of the world’s most disappointing stocks for decades, the market marched upward to touch its highest level since shortly after its bubble burst in 1989. Across developed and emerging economies, stocks have powered ahead in 2023 as inflation has regressed, even with wars raging in hotspots around the world. Globally, inflation is likely to ease to 6.9% this year from 8.7% in 2022, according to the International Monetary Fund. The expectation ...

Stock market today: After Dow hits unprecedented heights, Wall Street points still higher

Published Wed, 25 Dec 2024 17:09:31 GMT

Wall Street pointed toward gains early Thursday following a powerful rally that sent the Dow Jones Industrial Average to a record high as the Federal Reserve indicated that interest rate cuts are likely next year. Futures for the S&P 500 rose more than 0.3% before the bell as did futures for the Dow. Lower rates can ease pressure on the economy and goose prices for all kinds of investments. Markets have been rallying since October on hopes not only that the Fed’s aggressive series of rate hikes were over, but that cuts may be on the way.The Federal Reserve held its main interest rate steady at a range of 5.25% to 5.50% Wednesday as was widely expected. That’s up from virtually zero early last year. And inflation has retreated sharply from its peak of 9% while the economy has remained solid. Fed Chair Jerome Powell said Wednesday that the benchmark rate is likely already at or near its peak while acknowledging that inflation remains too high. Powell said Fed officials don’t...

5 units destroyed in large overnight fire at Aurora construction site

Published Wed, 25 Dec 2024 17:09:31 GMT

DENVER (KDVR) — Aurora firefighters battled a large fire that engulfed several residential buildings that were under construction early Thursday morning.At 12:11 a.m., Aurora Fire Rescue responded to a third-alarm fire near the 7300 block of South Addison Court. The area is next to the Red-tailed Hawk Park in the Heritage Eagle Bend neighborhood. Arson suspect wanted in large downtown Littleton fire Photos provided by Aurora Fire Rescue show the extent of the fire.Aurora Fire Rescue battled a large fire in a neighborhood under construction on Dec. 14. (Aurora Fire Rescue)Viewer photo of Aurora Fire Rescue battling a large fire on Dec. 14. (Viewer: Oscar)Aurora Fire Rescue battled a large fire in a neighborhood under construction on Dec. 14. (Aurora Fire Rescue)Aurora Fire Rescue battled a large fire in a neighborhood under construction on Dec. 14. (Aurora Fire Rescue)Since the fire started at residential buildings under construction, crews said they ran into several obstacles, inc...

Coloradans pay this much in taxes on average

Published Wed, 25 Dec 2024 17:09:31 GMT

DENVER (KDVR) — If you haven't looked at your gross income before taxes -- don't. Coloradans pay thousands of dollars in total taxes even in the lowest income tax bracket.According to Colorado Department of Revenue data, the average Coloradan pays about $25,000 in yearly taxes.These include state, local and federal taxes. Local and state taxes go towards products like gasoline, alcoholic beverages and registration fees to residential property and specific ownership. Meanwhile, federal taxes go towards things like social security. IRS announces 2024 income tax brackets – see where you fall Federal taxes are the same in every state, while state and local taxes are specific to where you live.Here's how much the average Coloradan is taking home after state, local and federal taxes.Average total taxes paid by incomeIncomeAverage taxes$0 to $15,000$3,342$15,000 to $29,999$5,439$30,000 to $39,999$7,987$40,000 to $49,999$10,207$50,000 to $69,999$13,945$70,000 to $99,999$20,290$100,000 to ...