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Miscellaneous

Network Appliance Cutting 500 Jobs

February 12, 2009

Tweet Sunnyvale-based Network Appliance (NTAP: 40.91 -0.13%) announced that it will be cutting 500 jobs globally. The cuts represent 6% of its workforce. The company is still profitable, and has a significant presence in Sunnyvale, where it controls some 740,000 square feet. In addition, the company controls other properties in the vicinity, in which it […]

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4 More Bay Area Dealerships Close

February 12, 2009

Tweet Four more dealerships have abruptly closed amidst the current economic downturn. The mercury news is reporting that Pontiac Buick GMC dealerships in San Jose, Dublin, Newark, and Colma have closed their doors. The four dealerships were owned by the dealership group led by Ken Okenquist.

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Commercial Real Estate REO Broker’s Association Scam

February 12, 2009

Tweet Chris at retailchatr has a post on an individual named Ray McLaine running around hitting up brokers and other industry professionals for inclusion into a commercial real estate REO association. Sounds like an interesting theory at first, but the way this guy is going about it and the dubious impression he’s left on other […]

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Dr. Doom on CNBC

February 9, 2009

Tweet Nouriel Roubini, aka as Dr. Doom on CNBC discussing the economy. Nouriel was laughed at in the past for predicting much of what is happening now. He’s on with Nassim Taleb, author of the The Black Swan.

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Mortgage Modification Talk Swirling

February 6, 2009

Tweet The new Treasury Secretary Tim Geithner is set to hold a press conference on Monday to discuss his new plan for helping the economy get back on its feet. It’s not clear exactly what will be proposed, but one of the latest efforts which is being talked about is the government using some $100-150B, […]

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Cisco Systems “Realigns” 2000-3000 Employees

February 5, 2009

Tweet Cisco Systems (CSCO: 24.91 +0.81%) announced that it is eliminating 1500-2000 jobs on its earnings call, but they weren’t referred to as being “layoffs”, but instead a realignment. Call it what you will, but those are jobs which will be eliminated in the coming months. These are in addition to 1,000 positions already eliminated. […]

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Growth of Target, Visualized

February 2, 2009

Tweet We previously wrote a post on a map showing the growth of Walmart. The same developer of that map has now put one together showing Target’s growth. You can check it out on the developer’s website. Spotted at the TrafficCourt blog

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Top 10 Bay Area CMBS Deals on RealPoint Watchlist

February 2, 2009

Tweet An article spotted at The Registry on CMBS included an interesting table highlighting the top 10 CMBS deals in the Bay Area which are essentially “on the watchlist”. In addition to these, RealPoint, which provided the data to The Registry has an additional 257 properties on their watchlist. Amongst the properties listed are Tishman […]

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New Feature: Community News

February 1, 2009

Tweet We’ve added a new feature to our site called Community News. The feature allows our readers to submit news items to share with other readers. We get emails regularly from people wanting us to do everything from review a new book to post on a certain topic. We don’t have the time to review […]

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Developer Lands Safeway For Tower 88 Project in San Jose

January 28, 2009

Tweet The developer of the Tower 88 project in San Jose has reportedly struck a deal with Safeway to anchor the hi-rise condominium project in downtown San Jose between 2nd and 3rd streets on San Fernando Avenue. According to the Mercury News, the city redevelopment agency will kick in about $1.85 Million for improvements, among which […]

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