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Layoff Announcements; Expo San Jose Store Closing

January 26, 2009

Tweet There were a slew of layoff announcements today in addition to an announcement by Home Depot that it is closing it’s Expo Design Centers. There is one remaining Expo in the Bay Area, in San Jose on Almaden Expressway. Today’s layoffs include: Home Depot (7,000), Caterpillar (5,000), ING (7,000), Sprint Nextel (8,000), Pfizer (8,000), […]

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Bill Halford of Bixby Land Company: Wait

January 8, 2009

Tweet There was a business journal article the other day discussing how tenants and buyers stand to gain from the slowdown in commercial real estate. The full article is here (although the article doesn’t really tell us anything interesting or new but I suppose it is something to write about in the absence of other […]

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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: 9.38 +0.11%) 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 […]

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Sony, Novellus Announce Layoffs

December 9, 2008

Tweet Sony (SNE: 17.32 +2.55%) 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 […]

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Silicon Valley Layoff Announcements

November 5, 2008

Tweet Another day….and another set of layoff announcements around the valley. The latest companies to announce layoffs are: LinkedIn – Mountain View, CA 10%, or 36 employees AMD – Sunnyvale, CA 3%, or 500 employees cuts to be global Cadence – San Jose, CA 12%, or 625 employees Intersil – San Jose, CA 9%, or […]

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Prop 1A – High Speed Rail Measure Set to Pass

November 5, 2008

Tweet Video Rendering of San Jose Diridon Station With 92% of the precincts reporting, Prop 1A looks set to pass with 52% voting Yes. The ballot measure, officially called the “Safe, Reliable High-Speed Passenger Train Bond Act” essentially authorizes the state to sell up to $10B worth of bonds to finance the construction of a […]

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Tesla Motors Needs a Charge; No FDIC Insurance

October 31, 2008

Tweet Since signing a deal in September with the City of San Jose to build a car factory in North San Jose (which I was critical of), Tesla last week announced that it will be laying off an unknown number of employees, putting its plans for the North San Jose factory on hold, and closing […]

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Electronic Arts and Motorola Announce Layoffs

October 31, 2008

Tweet The layoff trend continues as companies try to reign in costs and get in front of the economic “problem”. Small companies continue to cut staff, but the big ones this week were from Motorola and Electronic Arts. Motorola announced it will be laying off 3,000 employees and Electronic Arts 600. Electronic Arts maintains its […]

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Thelen Reid & Priest Chooses to Dissolve; Landlords Wondering Who’s Next?

October 28, 2008

Tweet 84-year old law firm Thelen Reid & Priest’s partnership voted this morning to dissolve the firm by as early as late November. The firm has succumbed to market, staffing, and economic forces. As previously mentioned, the firm occupies roughly 175,000 square feet of Class A office space locally, space which will very likely be […]

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Thelen Reid & Priest Dissolution Vote Expected; 175,000 Square Feet of Office Space On Deck

October 28, 2008

Tweet It’s been rumoured that Thelen Reid & Priest could vote as early as today to dissolve the 80 year old law firm. The law firm is facing a similar fate as Heller Ehrman as it has had many of its partners poached over the past year. Loss of key partners and a slowing practice […]

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