Items Tagged with 'Silicon Valley'

ARTICLES

  • Is San Francisco's housing market about to get even crazier?

    Pending wave of tech IPOs could send house prices into stratosphere
    This year, a number of major Silicon Valley tech companies are set to go public, and it could have a serious impact on house prices in San Francisco. Uber, Lyft, Slack, Postmates, Pinterest and Airbnb are all planning to launch IPOs in 2019, according to The New York Times, and this will likely spur a crop of freshly minted millionaires looking to drop some serious dough to upgrade their nests.
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  • LinkedIn, Cisco, Pure Storage invest $20 million for affordable housing in Silicon Valley

    Tech companies invest in Bay Area affordable housing fund
    LinkedIn, Cisco, and Pure Storage are joining together to invest a total of $20 million into the TECH Fund, a program started by Housing Trust Silicon Valley that aims to get more high-tech organizations, large employers and philanthropists involved with creating affordable housing in the Bay Area.
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  • Google spends $1 billion on California real estate

    Drops serious cash to expand its Mountainview headquarters
    Looks like Amazon is not the only tech giant gobbling up real estate to facilitate its expansion. Google's parent company just inked a $1 billion deal for a 51.8 acre business park near its Mountainview, California, headquarters, making another move in its ongoing property grab in both California and New York.
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  • JPMorgan Chase to build Silicon Valley-based fintech campus

    Big bank is betting on tech growth
    JPMorgan Chase announced it is building a Silicon Valley-based fintech campus to house 1,000 of its employees as the bank looks to keep ahead of the changing landscape of digital payments. According to reporting from Reuters, the campus will open in 2020 and will be located in Palo Alto, California, at Stanford Research Park, on a plot of land that formerly housed Lockheed Martin.
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  • Monday Morning Cup of Coffee: LinkedIn invests $10m in Silicon Valley affordable housing

    The rent is too damn high!
    Every week, it seems like there’s another example of people (or companies) going to extremes to secure housing in the Bay Area. Earlier this year, Facebook and Google both announced plans to help build new, affordable housing in Silicon Valley. And now, LinkedIn is joining in too. All that, and more, in your Monday Morning Cup of Coffee.
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  • Monday Morning Cup of Coffee: Is Equifax using “creative” accounting to justify executive bonuses?

    Wipes away breach costs in recent earnings statement
    Is Equifax playing some accounting games to try to make its business look better in the aftermath of the massive data breach? Some people seem to think so. Plus, is one of the mortgage business' top startups backed by Russia's biggest bank? All that, and more, in your Monday Morning Cup of Coffee.
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  • New American Funding expands to Silicon Valley

    Celebrated grand opening with red carpet event
    New American’s new branch will occupy about 4,000 square feet of contemporary office space in the downtown San Jose area at the top of a 16-story high rise, and the company held a red carpet event to celebrate its grand opening. It selected a new branch manager to lead the new team, and expects to originate $250 million in loans in the coming year.
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  • Live in Silicon Valley? Check out this new first-time homebuyer grant

    Money to cover closing costs
    First-time homebuyers in the infamously tough California housing market are in luck thanks to a new closing-cost grant from local Realtors. The Santa Clara County Association of Realtors and the Silicon Valley Association of Realtors secured a $100,000 grant from the California Association of Realtors Housing Affordability Fund to aid first-time homebuyers in the area.
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  • Monday Morning Cup of Coffee: Black Knight projects record-high home equity

    Rising home prices increase available equity and bring underwater borrowers back in the black
    Black Knight’s latest Mortgage Monitor report finds that rising home prices have both decreased the number of borrowers underwater on their mortgages while increasing the amount of equity available to homeowners. In fact, home equity could hit a record high this summer. Plus, a mixed-use development on a landfill? Check out the article to learn more.
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