???????????????? This week in Bay Area business: back to office, small tech bounce and all the sports

???????????????? This week in Bay Area business: back to office, small tech bounce and all the sports

Sometimes it's hard to forecast the weather when there isn't a break in the clouds. Market watchers looking for tells in the Bay Area this week received some mixed messages and lashings of rain.

Major companies continue to call employees back to the office. While at a major Bay Area office park, office space is turning into vibrant commercial and residential developments. ?

Where do you work best? It's an increasingly important question facing businesses, bosses and workers.

In real estate, AI companies continue to fuel San Francisco’s recovery, just not the ones you’ve heard of. Big things are happening and smaller firms might be behind them.

In other news, sports.

The NBA All-Star Game is coming to town and S.F.’s tourism sector is hoping for a win. The 49ers might not have made Sunday’s Super Bowl but that doesn’t mean preparation for Super Bowl LX aren’t underway.?While the biotech sector around the Warriors home in Mission Bay is expanding.

All this and more in another week in Bay Area business.

Wherever you are, stay safe and enjoy the weather.


Major company calls employees back to S.F. HQ by Alex Barreira


A San Francisco-based retail giant has issued return-to-office orders for Bay Area corporate employees following in the footsteps of major companies like Salesforce, Amazon and JPMorgan Chase.

Read the full story.


Bishop Ranch is tearing down more office space. Here’s what’s replacing it by Hannah Kanik


Bishop Ranch has torn down a big chunk of its San Ramon office park as it invests in commercial, residential and entertainment uses, and it’s not stopping any time soon.

Here’s what they’ve got planned.


Sports are coming . . .

On NBA All-Star weekend, San Francisco tourism takes a shot at a comeback win by Alex Barreira

Could San Francisco’s first NBA All-Star Game lead to a victory for the city’s beleaguered tourism sector? After five years of pounding defeats that’s the hope.

Here’s the full story.?

Union Square will get NBA makeover with All-Star Alley pop-ups by Alex Barreira


Downtown San Francisco's premier shopping district is getting an NBA-style makeover with public art and retail pop-ups from Feb. 14 to Feb. 16. The NBA's "All-Star Alley" will reactivate the troubled stretch of vacant storefronts along Powell Street.

Here’s the full details.?

Here's the game plan for San Francisco's Super Bowl LX team by Ron Leuty


CEO of the Bay Area Host Committee Zaileen Janmohamed

Only nine years after the San Francisco 49ers hosted Super Bowl 50 at Levi's Stadium, organizers of next year's Super Bowl LX in Santa Clara are on the ground in New Orleans before Sunday's game between Kansas City and Philadelphia to learn more about logistics, finances and other blocking-and-tackling around the event.

Here’s the full story.?


Gladstone Institutes weighs buying newly built Mission Bay space by Ron Leuty


1450 Owens St. was developed by Alexandria Real Estate Equities Inc.
1450 Owens St. was developed by Alexandria Real Estate Equities Inc.

A pioneering Mission Bay tenant could acquire more than 103,000 square feet — on the biotech enclave's last remaining commercial site — as it looks to add hundreds of scientists over the coming years.

Read the full story.


BXP sees wave of S.F. tech tenants ‘we’ve never heard of’ by Doug Sams


The Uber offices in Mission Bay where OpenAI subleased 455,000 square feet in 2023. Other AI companies now account for increasing demand for space.

A wave of unheralded technology firms is driving San Francisco’s initial recovery from the pandemic, according to one of its biggest office landlords, BXP, Inc. .

Read the story.


This week in real estate


Executive profile: How do we free the internet? This founder says more regulation and government oversight by Sara B.


Internet Archive director Brewster Kahle

The Internet Archive is older than Google. Its director, Brewster Kahle, is worried about what the internet has become but maintains hope for what it could be.

“It feels like we’re being run over.”

Read the full profile.


How Trump’s era of chaos and volatility could help Bay Area investors by Mark Calvey


Baie Netzer, senior investment strategist at Bank of America Private Bank

President Donald Trump’s tariff threats this week sent economists and others scrambling to assess what it means for investors and the economy.

“In the markets, volatility is investment opportunity,” said Baie Netzer, senior investment strategist at Bank of America Private Bank. “If you see a downturn in something that is fundamentally attractive, you’re going to go in and buy.”

Here’s the full analysis.


California's missing millionaires: How seven-figure earners took a turn by Ari Mahrer


In 2021, the number of people earning $1 million or more soared 47%. But then the stock market dropped 9% in 2022, and the number of high earners diminished in most states. Read what happened to California.

After soaring during the pandemic recovery in 2021, the number of million-dollar earners in California took a sharp downward turn in 2022.

That’s according to Internal Revenue Service data reviewed by The Business Times.

Here's what the data says.


Mentoring Monday: Get your tickets


Join us for our 12th Annual Mentoring Monday event on Monday, February 24, featuring the region’s top businesswomen sharing their secrets to success!

Designed for busy professionals, our speed-mentoring sessions promote a supportive atmosphere to build connections and receive valuable feedback. Advance your career with guidance from leaders shaping the local business community.

Grab a friend or colleague, check out our mentors and register before tickets sell out.


ICYMI here’s what else you need to know


Moonshots and Doom Loops ?????????

This weekly Bay Area business? round-up is written by Simon Campbell, special projects editor at the San Francisco Business Times.

Reach out with news tips, questions or comments: [email protected].


Stay safe and have a good week.




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