???????????? This week in Bay Area business: S.F. office bounce back, Steph Curry Inc., and Oakland house prices
San Francisco Business Times
The San Francisco region's source for local business news & events. Part of the American City Business Journals network.
Will things get worse before they get better?
For those using San Francisco's maligned office market as a barometer the forecast is, as ever, mixed.
Big leases are not being renewed and prices remain a fraction of pre-pandemic highs, yet the light at the end of the tunnel could be getting larger – at least according to some real estate executives.
Elsewhere, Golden State Warriors legend Steph Curry continues to inspire and wow. While his basketball feats are almost hard to beat, his increasingly far-reaching business and philanthropic interests are just as noteworthy. We broke down his off-court playbook.
We've got an interview with the Giants CFO, some Oakland house price news and the rare case of a company ditching Austin to move to the Bay Area.
All this and more in another week in Bay Area business.
Here's when real estate execs say S.F.'s office market could see ‘significant uptick’ by Hannah Kanik
When will San Francisco's beleaguered office market bounce back? These real estate executives have an answer and it might be sooner than the doom loop narrative suggests.
"We’re going to start to see a significant uptick."
JPMorgan Chase to shed 70% of footprint at downtown San Francisco office tower by Sarah Klearman
JPMorgan Chase & Co. will shed roughly 244,000 square feet of First Republic Bank's former office space at One Front Street. The downsizing comes as a blow to building owner Paramount Group that has seen other stellar tenants, like Google, fail to renew big San Francisco leases.
Steph Curry Inc. by Ron Leuty
Bourbon, golf, film and TV production, investing and much, much more, Stephen Curry is building a roster off-court business and philanthropic interests as varied and impactful as the shots he takes on it.
Across it all: an interest in giving underrepresented, underrated and overlooked people — particularly girls, young women and Black and brown people — a shot to prove who they are on the playing field, in the boardroom and, especially, in fields traditionally dominated by white men.
Oakland home sales prices are falling. Here's what brokers are saying about the state of the city by Ted Andersen
Home prices in Oakland have fallen sharply as political turmoil adds to existing concerns about crime and public safety. Median single-family sales prices in the city substantially declined in the third quarter of 2024, dropping 6%. Neighboring cities like Berkeley, Albany and Orinda are gaining popularity as a result.
"The buyers have lost their spunkiness," said Linnette Edwards , a partner and associate broker with Abio Properties .
The week in real estate
Elon Musk reveals Tesla has been testing robotaxis in the Bay Area for months by William Hicks
The race for robotaxi supremacy is heating up. And, it turns out, a major player has been testing in the field for months. Elon Musk said on a Q3 earnings call that Tesla employees have been testing the company's robotaxis, with regular passengers expected to start riding next year. Tesla stock jumped by 22% this week.
The Bay Area's most litigious diner is running for office by Alex Barreira
领英推荐
Owner of the Michelin Guide-rated Chinese restaurant, wonderul in Milbrae, You You Xue, has sued dozens of local restaurants in the last six months over fees they've charged above menu prices. Now he's running for office and, if you live in Millbrae, he wants your vote.
Winners: How the rise of HSAs has made Lively, Inc. 's growth skyrocket
San Francisco-based Lively, Inc. topped our list of the Fastest Growing Private Companies in the Bay Area . For co-founder and CEO Alex Cyriac , the company's mission to help people pay for health care was personal. And has led to a rapidly growing company operating at the nexus of financial services, technology and health care.
EXECUTIVE PROFILE: How the Giants CFO Lisa Pantages went from the bleachers to the C-suite
Lisa Pantages ' relationship with the San Francisco Giants began in the twilight of the Willie Mays era. It has taken in World Series and new ballparks, and taken her from the stands to the executive team of the fabled franchise.
ICYMI Here's what else you need to know
Bank for the wealthy going gangbusters following First Republic model by Mark Calvey
Citizens Private Bank is expected to become profitable in the current quarter, just a year after it was founded. The news suggests a strategy of scooping up former First Republic bankers could be paying dividends.
Search startup Perplexity seeks $500 million amid AI boom by Sara Bloomberg
Another generative AI startup in the Bay Area is chasing a new megaround that could double its total funding and potentially triple its valuation.
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] .
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Stay safe and have a great week.