Market Data
Nortel Files For Bankruptcy Protection
January 14, 2009
Tweet Nortel Networks (NT: 0.00 N/A), who two months ago announced plans to cut some 1300 jobs, filed for bankruptcy protection this morning. The Toronto-based company has significant US operations, including offices on Great America Parkway in Santa Clara.
Read More >>Thomas Barrack on Commercial Real Estate
January 8, 2009
Tweet About two months ago I watched an interview of Thomas Barrack on CNBC. In case you don’t know who Tom Barrack is, he is the chairman of Colony Capital, and arguably one of the best real estate investors active today. A few years ago, Fortune Magazine wrote a pretty in-depth article about him and [...]
Read More >>San Francisco Consumer Price Index (CPI) Update
December 23, 2008
Tweet December’s CPI number’s are not yet out, but the latest numbers indicate that inflation has turned into deflation as of October. The graph and data indicate YoY (12-month) changes in the inflation rate for the San Francisco Region, Wage Earners and Clerical Workers index. The latest available data indicates an annual rate of increase [...]
Read More >>Brocade Gets $4M To Stay in San Jose, But I Smell a Fish
December 22, 2008
Tweet Chris O’Brien, in a Mercury News’ business article yesterday wrote that the city council approved a $4M expenditure on Tuesday to finance equipment purchases for Brocade (BRCD: 5.425 -0.09%) as an incentive for the company to keep its headquarters in the city. This is very odd to begin with since Brocade has already acquired [...]
Read More >>Unemployment Rate Update
December 19, 2008
Tweet November 2008 unemployment numbers reveal a 20 basis point increase from the previous month in California, when unemployment numbers registered in at 6.5%. The national rate hovers right around 6.7-6.8%, seasonally adjusted. Locally, the unemployment figure in Santa Clara county according to the EDD is 7.1%. In San Mateo county, the number is a [...]
Read More >>Avaya Brings Online 140,000 Square Feet of R&D and Office Space For Sublease in Milpitas
December 11, 2008
Tweet Avaya has put up for sublease approximately 140,000 square feet of office and R&D space in Milpitas. The 140,000 square feet is spread across two buildings, is Plug N’ Play with furniture, and has an asking rent of $1.25 NNN. The sublease runs through March 2012. The buildings are directly across from Cisco’s 410,000 [...]
Read More >>Yahoo Layoffs Begin; Estimated 1500 To Lose Jobs This Round
December 10, 2008
Tweet Sunnyvale-based Yahoo (YHOO: 25.995 -2.05%) began its latest round of layoffs today. The estimate is that 1,500 employees will be laid off worldwide in this latest round. Both analysts covering Yahoo! as well as friends working for the company estimate that there are still several thousand more employees within the company whose jobs could be [...]
Read More >>Google Puts An Additional 128,000 Square Feet Up For Sublease In Mountain View
December 10, 2008
Tweet Google (GOOG: 884.67 -0.53%) has put on the market an additional 128,000 square feet for sublease in Mountain View. The 3-building campus is located at 2375 Garcia Avenue, 2350 Bayshore Highway, and 1500 Salado Drive. Unlike much of Google’s other real estate, and similar to 395 Page Mill Road (which Google put up for [...]
Read More >>Sony, Novellus Announce Layoffs
December 9, 2008
Tweet Sony (SNE: 21.645 -2.28%) announced that it will make significant cuts in its workforce and expansion plans. The company announced it will be laying off about 8,000 employees, closing two plants, and outsourcing more work. The company will also layoff about 8,000 temporary workers. San Jose-based Novellus (NVLS: 0.00 N/A) also announced layoffs. The [...]
Read More >>RREEF Updates Economic Forecast Map
December 8, 2008
Tweet RREEF has updated its economic forecast map for North America. The map is a quick guide which provides very high-level economic data for markets throughout the United States and Canada.
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