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San Jose tech campus sells at a loss, may be replaced by 700 homes

Published Mon, 24 Feb 2025 02:26:34 GMT

SAN JOSE — A San Jose tech campus has landed a buyer and is being sold for a loss in a deal that also paves the way for the development of more than 700 homes on the choice property, public documents show.Global Net Lease has struck a deal to sell a San Jose office site totaling roughly 164,000 for $50 million, the company stated Tuesday in a filing with the Securities and Exchange Commission.The real estate investment firm revealed that the office center is being sold at a loss compared with the $52.5 million that Global Net Lease paid in 2014 for the property, the SEC documents show.The real estate investment firm didn’t disclose the location in the regulatory filing.However, the Global Net Lease website shows that in 2014 the company paid $52.5 million to buy a three-building office complex in San Jose with addresses 211, 251 and 281 River Oaks Parkway.The real estate firm did say it has found “a local developer who intends to convert the asset to residential us...

Rents in this Southern California metro are now more expensive than in San Francisco

Published Mon, 24 Feb 2025 02:26:34 GMT

Thinking of packing up for Southern California to escape the Bay Area’s sky-high rents? Not so fast.Home rental prices in the San Diego area are now more expensive than in the San Francisco metro, according to a new report by home listing site Zillow. And Los Angles isn’t far behind.The typical monthly rent for available apartments, condos and single-family homes in San Diego hit $3,175 in June. That’s compared to $3,168 across San Francisco and the East Bay.San Jose remained the priciest major market in the country, with a median rent of $3,411. Elsewhere in Southern California, the typical rent reached $2,983 in Los Angeles and $2,573 in Riverside.Related ArticlesHousing | Santa Clara County to give $1,200 monthly payments to homeless students finishing high school Housing | My house or my beach? Why California’s housing crisis threatens its powerful coastal commission Housing | Must Bay Area cities offer shelter before ...

Archeologists dig for children’s remains at Nebraska school

Published Mon, 24 Feb 2025 02:26:34 GMT

By Trisha Ahmed and Charlie Niebergal | Associated PressGENOA, Neb. — Archeologists resumed digging Tuesday at the remote site of a former Native American boarding school in central Nebraska, searching for the remains of children who died there decades ago.The search for a hidden cemetery near the former Genoa Indian Industrial School in Nebraska gained renewed interest after the discovery of hundreds of children’s remains at other Native American boarding school sites across the U.S. and Canada since 2021, said Dave Williams, the state’s archeologist whose team is digging at the site.The team hasn’t found human remains yet, Williams said, but the dig only began on Monday and is expected to last through the week.“Where is the cemetery and how many people are buried there? It’s the big question that’s hanging in the air,” said Alyce Tejral, a board member of the nearby Genoa U.S. Indian School Foundation Museum.The school was part of a nation...

Michelin’s dining deals: 4 Bay Area restaurants join ‘affordable’ Bib Gourmand list

Published Mon, 24 Feb 2025 02:26:34 GMT

On Tuesday, the Michelin Guide released the names of its newest Bib Gourmand honorees in California — menus with “excellent food at reasonable prices” — and four Bay Area restaurants made the list for the first time.Six other honorees are located in Southern California.The new Bay Area notables are Petiscos, the sister restaurant to the Michelin-starred Adega in San Jose; Bombera, a Mexican heritage cooking standout in Oakland; Snail Bar, an Oakland bistro with eclectic, upscale bites and natural wines; and Bansang, a contemporary Korean restaurant in San Francisco. (See the inspectors’ tasting notes below.)These restaurants will join dozens of other Northern California restaurants when the full Bib Gourmand array is announced next Tuesday, July 18, at a ceremony at Oakland’s Chabot Space & Science Center. All told, 143 California restaurants will be on that affordable list, a Michelin spokesman said Tuesday. Michelin’s prestigious star awards will also be revealed that da...

Powerball prize jumps to an estimated $725 million after no jackpot winners Monday

Published Mon, 24 Feb 2025 02:26:34 GMT

By Nouran Salahieh and Michelle Watson | CNNThere were no jackpot winners after Monday’s Powerball drawing and the grand prize jumped to an estimated $725 million – the seventh largest Powerball jackpot, according to lottery officials.The next drawing will be on Wednesday for the massive prize, which has an estimated $366.2 million lump-sum cash value before tax, according to Powerball.Monday’s winning numbers were 2, 24, 34, 53, 58 and red Powerball 13.RELATED: Powerball ticket worth more than $350,000 sold in San JoseBut there were still winners after the drawing. Two tickets sold in California and Iowa matched all five white balls, with the California ticket winning a $1 million prize and the Iowa ticket winning $2 million by including the Power Play feature.There were also 28 tickets that won $50,000 prizes, and 12 tickets that won $100,000 prizes, according to Powerball.There have now been 35 consecutive drawings without a big winner.Related ArticlesCalifornia News | ...

Elizabeth Holmes has a new release date, and it's years earlier than planned

Published Mon, 24 Feb 2025 02:26:34 GMT

(KRON) -- Prison records show disgraced Theranos CEO Elizabeth Holmes has a new projected release date, and it's two years sooner than originally planned. Over $1 billion in federal funding provided to Bay Area pension plans Holmes now has a new release date of Dec. 29, 2032. The Bureau of Prisons says release dates can change based on behavior or completion of substance abuse programs.Theranos founder Elizabeth Holmes arrives at Federal Prison Camp in Bryan, Texas, May 2023. (Photo by MARK FELIX/AFP via Getty Images) Holmes arrives at federal court on November 18, 2022 in San Jose, California (Photo by Justin Sullivan/Getty Images)Holmes' attorney had initially requested a sentence of 18 months house arrest when she was convicted in April. A judge sentenced her to 11 years in prison.She has been in custody at a Federal Prison Camp in Bryan, Texas since May, when she turned herself in to begin her sentence. KRON On is streaming now.embed-container { position: relative; padding-b...

Alameda HazMat incident is false alarm: Fire department

Published Mon, 24 Feb 2025 02:26:34 GMT

(KRON) -- No threat has been determined at the scene of a potential Haz Mat incident at a strip mall on the 600 block of Central Avenue, the Alameda Fire Department tweeted. After an investigation, no gas leak or hazardous material issues was located."No hazard to the public has been found," AFD tweeted.Earlier evacuation orders have been lifted and businesses in the area have been repopulated.The Alameda County Fire Department also responded to the incident to assist with "identifying and mitigating the potential issues within a business," according to AFD. Arsonist who set Vallejo fire detained by ‘trained mixed martial artist,’ arrested Photos of the scene show fire fighters and first responder vehicles assembled in the parking lot of the strip mall, which is located at the corner of Central and Webster Street. Yellow caution tape can be seen in front of several business at the strip mall, including Pagano's Hardware and Paint Center.Photos: Alameda Fire DepartmentThis is a dev...

German court convicts Syrian IS member of war crimes for torturing captives

Published Mon, 24 Feb 2025 02:26:34 GMT

BERLIN (AP) — A German court convicted a Syrian man Tuesday of torturing captives while he was a member of the Islamic State group in Syria.The Berlin regional court found Raed E. guilty of war crimes, membership of a foreign terrorist organization and other offences. It sentenced the defendent, whose surname wasn’t released in line with German privacy rules, to 11 years imprisonment.Prosecutors said the 32-year-old joined IS in 2014 and participated in targeted attacks on the Shueitat tribe in the Deir el-Zour region of eastern Syria. A man who was detained and brutally tortured by the defendant testified at the trial.The defendant left Syria in 2015 and traveled to Germany, where he was arrested last year.The ruling can be appealed.Source

Crane at fire-ravaged Notre Dame in Paris hoists giant wood trusses to the cathedral’s roof

Published Mon, 24 Feb 2025 02:26:34 GMT

PARIS (AP) — A crane hoisted massive oak trusses from a barge and onto Notre Dame Cathedral on Tuesday in a spectacular operation to rebuild the fire-ravaged monument and bring it back to life by December 2024.With trusses weighing 7 to 7.5 tons, the delicate operation drew crowds along a bridge over the Seine River and on its banks.“I think it’s a magical moment for a lot of Parisians this morning,” said Transport Minister Clement Beaune, noting that the Seine will be at the center of the Paris Olympic Games in 2024.Gen. Jean-Louis Georgelin, appointed by French President Emmanuel Macron to oversee Notre Dame’s reconstruction, said that even the heavy traffic expected during the summer Games won’t stop work on the world-renowned cathedral.“We will work for the cathedral during the Olympics in order to be ready in December 2024,” he said. “This is our goal.” Notre Dame, which oversees old Paris from an island on the Seine, was consumed by flames in 2019, and it was decided to ...

Todd Haynes’ ‘May December’ to open 61st New York Film Festival

Published Mon, 24 Feb 2025 02:26:34 GMT

NEW YORK (AP) — The 61st New York Film Festival will kick off with Todd Haynes’ “May December,” a juicy drama starring Natalie Portman as an actor preparing for a film about a years-ago tabloid scandal.Film at Lincoln Center, which puts on the New York Film Festival, announced Tuesday that “May December” — one of the standouts at this year’s Cannes Film Festival — will be the opening night film at this year’s edition. The gala will take place Sept. 29 at Alice Tully Hall. In it, Portman plays a well-known TV star who, to research a role, spends time with Gracie (Julianne Moore) and her much-younger husband, Joe (Charles Melton). They’re a seemingly happy suburban family whose initial affair 20 years earlier, when Joe was 13, was a national story. Their backstory is loosely based on the case of Mary Kay Letourneau, a Washington State schoolteacher convicted of raping her sixth-grade student, Vili Fualaau. They later married. “’May December’ is a to...