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Apartment construction in Silicon Valley grinds to a halt amid cost crunch

Published Wed, 25 Dec 2024 08:17:02 GMT

If the Bay Area hopes to solve its housing crunch, it will need to build a lot more apartment buildings. But after adding thousands of units in recent years, construction is grinding to a halt.In fact, no apartment projects broke ground in Silicon Valley during the first half of 2023, according to data from CoStar, an international real estate analytics company. Compare that to the last six months of 2022, when developers started construction on 5,298 multifamily units in the region.There’s also a slowdown in the East Bay, where construction began on just 672 apartments, condos or townhomes, down from 1,170 during the last half of 2022. In San Francisco and on the Peninsula, work started on only 229 multifamily units, falling just slightly from the back end of last year but well below the 1,846 units during the first six months of 2022.The reasons for the downturn are plenty: Higher interest rates are making financing development more expensive, project lenders and investors a...

Person shot and killed near Rodeo shoreline

Published Wed, 25 Dec 2024 08:17:02 GMT

(BCN) -- A person was shot and killed Saturday night in Rodeo. Contra Costa County Sheriff's Office Spokesperson Jimmy Lee said deputies were dispatched at about 10:34 p.m. to a report of suspicious circumstance on the 100 block of Rodeo Avenue in Rodeo. Dispatchers received "several" calls around the same time of shots being fired in the area. Deputies and fire department personnel located a person suffering from a gunshot wound. Violent crowds of teens shut down Emeryville mall, 1 stabbed Despite firefighters attempting lifesaving measures, the victim died at the scene. Lee said Sunday the victim wasn't being identified yet. Anyone with information about the shooting can contact investigators at (925) 313-2600 or through dispatch at (925) 646-2441. For any tips, email: [email protected] or call (866) 846-3592 to leave an anonymous voice message. Copyright © 2023 Bay City News, Inc.

3 people killed in separate collisions in SF, including pedestrian

Published Wed, 25 Dec 2024 08:17:02 GMT

(KRON) -- The California Highway Patrol is investigating two deadly crashes that occurred early Sunday morning in San Francisco. First collisionAround 2:30 a.m., a car hit and killed a pedestrian in the southbound lanes on Interstate 280. According to CHP, the pedestrian died at the scene. Second collisionA fatal head-on collision occurred on northbound Highway 101 near Silver Avenue. CHP received reports of a wrong way driver who was traveling southbound on the northbound lanes. Violent crowds of teens shut down Emeryville mall, 1 stabbed The driver crashed into another car, killing two people. Firefighters had to remove the two victims from their car, police said.It is unknown whether drugs or alcohol were a factor in this collision.

16-year-old in custody after chase across Bay Bridge

Published Wed, 25 Dec 2024 08:17:02 GMT

(KRON) -- California Highway Patrol confirmed it was involved in a chase Friday across the Bay Bridge in both directions. The suspect was taken into custody just after 9 p.m. in Richmond. CHP said the pursuit began at about 3:20 p.m. when a Costa Costa County Sheriff's deputy attempted to stop a white Infinity traveling westbound on State Route 4. Police pursued as the car went onto Interstate 80, CHP said. The suspect then went across the Bay Bridge to San Francisco. The deputy chose not to follow the car for the sake of the other drivers on the road, but a sheriff's helicopter followed the vehicle overhead as it drove recklessly and at high speeds, per CHP. The driver eventually crashed into cars in San Francisco, and CHP officers arrived at the scene. As officers prepared to possibly chase the suspect on foot, he took off driving, striking two cars and a police K9, CHP said. The dog has non-life-threatening injuries. The chase then crossed back over the Bay Bridge into the East B...

The US Open is filled with players making comebacks from retirement, pregnancy or injury

Published Wed, 25 Dec 2024 08:17:02 GMT

NEW YORK (AP) — Comebacks are nothing new in tennis. There’s quite a history of that sort of thing, including by stars such as Martina Navratilova, John McEnroe, Martina Hingis, Bjorn Borg, Kim Clijsters and Andy Murray.Perhaps that’s why so many fans of Serena Williams hold out hope she’ll return after playing her last match a year ago at the U.S. Open.Williams recently gave birth to her second child so she will not be at Flushing Meadows, but this year’s tournament features several players who left the tour for a significant amount of time and now are back. The Day 1 schedule included Ajla Tomljanovic — who beat Williams in the 23-time Grand Slam champion’s farewell contest last September but has been sidelined by injury since November — and 2021 Australian Open finalist Jennifer Brady (injured) in the afternoon. Then 2016 Wimbledon runner-up Milos Raonic (injured) and 2018 Australian Open champion Caroline Wozniacki (retirement) were scheduled to appear at Louis Armstrong Stadium...

Stock market today: US futures inch slightly higher with more earnings, economic data on tap

Published Wed, 25 Dec 2024 08:17:02 GMT

Wall Street is poised for a modestly higher open Monday as attention shifts from the Federal Reserve to more corporate earnings and new economic data that could provide clues about the health of the U.S. economy.Futures for the Dow Jones industrials rose 0.3% and the S&P 500 inched up 0.2% before the opening bell.Wall Street appeared to break out of a slump Friday after Federal Reserve Chair Jerome Powell said the nation’s central bank will “proceed carefully” on interest rates. “The muted reaction of treasury yields to the rhetoric from Jackson Hole shows that U.S. Federal Reserve chairman Jerome Powell probably hit the right tone when it comes to keeping further policy tightening on the table but at the same time not rattling market confidence,” said Tim Waterer, chief market analyst at KCM Trade.In a highly anticipated speech, Powell said Friday that the Federal Reserve will base upcoming interest rate decisions on the latest data about inflation and the economy. He sa...

La madre de Luis Rubiales se encierra en una iglesia y se declara en huelga de hambre, según medios españoles

Published Wed, 25 Dec 2024 08:17:02 GMT

(CNN) — La madre del suspendido presidente de la Federación Española de Fútbol, Luis Rubiales, se encerró en una iglesia y se declaró este lunes en huelga de hambre para protestar contra la “caza inhumana y sanguinaria” de su hijo, informaron este lunes los medios españoles.Ángeles Béjar se encerró en la iglesia de la ciudad española de Motril, cerca de Granada, y dijo que permanecería allí “indefinidamente, día y noche” hasta que se hiciera justicia, informaron los medios españoles.Noticia en desarrollo.The-CNN-Wire™ & © 2023 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.Source

A historic day for African basketball, with South Sudan, Cape Verde getting World Cup wins

Published Wed, 25 Dec 2024 08:17:02 GMT

MANILA, Philippines (AP) — South Sudan is the world’s youngest nation, only gaining its independence 12 years ago. Cape Verde is one of the world’s least-populated nations, with fewer residents than any country that qualified for the Basketball World Cup.They stood tall on Monday at the World Cup — both nations winning games at FIBA’s biggest tournament for the first time.It was a double-dose of history for African basketball: South Sudan beat China 89-69 at Manila and Cape Verde beat Venezuela 81-75 at Okinawa, Japan. The wins kept both teams in contention for berths in the second round of the World Cup, and they remain very much in the race to be Africa’s automatic qualifier for next summer’s Paris Olympics.“I’m still speechless,” said Cape Verde’s Will Tavares, a Rhode Island-born forward who scored 20 points in Monday’s win. “I feel like I’m in a dream right now, but the win was so big for us and our country and our families. We ma...

South Sudan’s 7-foot-1 Khaman Maluach becomes one of the youngest to play in World Cup at only 16

Published Wed, 25 Dec 2024 08:17:02 GMT

South Sudan’s 16-year-old Khaman Maluach scored one point and played 16 minutes in his team’s 89-69 victory over China on Monday to become one of the youngest to ever play in the basketball World Cup.The 7-foot-1 Maluach, who is widely considered a 2025 NBA draft prospect, turns 17 next month. The only players younger than Maluach in World Cup history were Ivory Coast’s Georges Lath (16 years, 3 months in 1986) and China’s Gao Ailun (16 years, 9 months in 2010).Underdogs like South Sudan and Cape Verde picked up wins Monday to stay in contention for the second round. New Zealand and Ivory Coast also stayed alive.Five teams have already advanced to the second round: Latvia, Canada, Germany, Montenegro, and Lithuania. Eleven places are still open while Tokyo Olympic silver medalist France was knocked out on Sunday.GROUP B — SOUTH SUDAN 89, CHINA 69At Manila, Chicago Bulls guard Carlik Jones scored 21 points as South Sudan beat China to record its first-ever World Cup victo...

4 hospitalized after BSO Fire Rescue helicopter crashes in Pompano Beach triplex

Published Wed, 25 Dec 2024 08:17:02 GMT

Police responded to an aircraft emergency after a Broward Sheriff’s Fire Rescue (BSFR) helicopter went down. Officials said at least two people onboard have been hospitalized and a family said two of their loved ones were hospitalized after the chopper crashed on a triplex building. The incident happened around 8:45 a.m. in the area of 1201 NW 6th Ave. where video footage showed a trail of smoke coming off the chopper that went down fast. The chopper ultimately landed on a triplex apartment building. Live video footage from 7SkyForce showed several fire rescue trucks on the scene as they worked to manage the blaze as it is believed the helicopter did go up in flames when it crashed into the residential building. A family who lives in the building said the helicopter landed right in their living room where two family members were staying. Their family said they were rushed to the hospital. “My brother was in my mom’s house,” said the family member. “They...