Toyota Announces Decision to Shut Down Fremont NUMMI Plant
August 27, 2009
Tweet In another blow to the local economy, Toyota’s board has made the decision to shut down NUMMI, the car manufacturing plant in Fremont. Toyota has indicated that it will halt production at the facility in March of next year. The plant employs about 4,000 employees. Factor in the multiplier effect of such a vast [...]
Read More >>Tesla Motors Takes Down 350K SF in Palo Alto’s Stanford Research Park
August 18, 2009
Tweet In what will likely be one of the largest deals done this year, Tesla Motors has signed a deal with Stanford to lease a portion of the Agilent Technology buildings high up in Stanford Research Park. According to Tesla’s press release, the facility will be used as the headquarters, as well as manufacturing site [...]
Read More >>Weekend Roundup
March 15, 2009
Tweet Los Angeles’ Largest Private Landowner Might Have to File For Bankruptcy Protection [Link] According to the WSJ, Meruelo Maddux Properties is contemplating a bankruptcy filing to help it cope with its debt load. The developer has played a part in a large part of Downtown LA’s revitalization but it has now stopped making interest payments [...]
Read More >>Tesla Deal Dead, For Now
January 30, 2009
Tweet Tesla Motor’s plans to build an electric car factory in North San Jose seem to have been dashed (at least for now) by its inability to raise venture funding to finance the construction of the factory. Instead, the company intends on seeking money from the federal government to help it convert a brownfield site [...]
Read More >>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 [...]
Read More >>Valley Startups Tightening Their Belts; Layoffs Gaining Steam
October 16, 2008
Tweet Facing an economic downturn and the prospect of difficulty in raising additional rounds of funding, startups are beginning to not only put growth plans on hold, but many are beginning to layoff personnel. Normally this isn’t big news around these parts since startups are part of the Silicon Valley fabric and layoffs come hand [...]
Read More >>Tesla Motors San Jose Land and Factory Deal: Thanks Government!
September 17, 2008
Tweet Tesla has signed a lease for 89 acres of land in North San Jose off Zanker Road north of highway 237. Tesla is proposing to build a 600,000 square foot headquarters and factory facility. From what is being reported, it seems Tesla got a great deal. Tesla signed a 40-year lease, of which the first [...]
Read More >>