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These are Silicon Valley’s 10 wealthiest ZIP codes in 2018
This year, Silicon Valley’s wealthiest ZIP code is 94024, a ritzy enclave of 23,000 people in Los Altos and Los Altos Hills. The median household income of $204,534 for 94024 isn’t the highest on the List — that distinction goes to Atherton’s 94027, where the typical family earns $243,542 — but 94024’s unique combination of demographic and income data produced a weighted ranking of No. 1 in the Business Journals’ “Wealth Rank.” You can see the top 10 wealthiest ZIP codes in the slideshow below.…
U.S. Bank names new market president for Northern California
U.S. Bank said Tuesday that it named long-time Bay Area banker Mahesh Kharkar as its Northern California market president, a role in which he will direct commercial banking in the region and serve as the local face for the Minneapolis-based bank. Kharkar succeeds Michael Righi, who left U.S. Bank (NYSE: USB) in February, according to Righi’s LinkedIn profile. Everyone was tight-lipped on his departure. Kharkar, who was not available for an interview, has more than three decades of experience…
Seattle investment company GEM acquires boutique hotel in Belltown
It’s the latest move by Seattle-based GEM Real Estate Partners into the hospitality sector.
Tribe bails on development plans, puts former greyhound park site up for sale
It could have been an eight-story hotel and an entertainment complex. Now it might be a financial windfall for the Confederated Tribes of the Grand Ronde. It’s the former home of the Multnomah Greyhound Park in Wood Village, a 31-acre property the tribe purchased in 2015 for $10 million. The tribe demolished the old greyhound park in 2016 and had the property primed for a new development called Spirit Mountain at Wood Village. It would have included a mix of lodging, entertainment and housing. But…
Busy investor buys prime redevelopment opportunity in downtown San Jose
The buyer, an investment team led by venture capitalist and real estate investor Gary Dillabough, sees big potential for the 3-acre site in the heart of San Jose’s budding arts district.
Lattice Semiconductor seeks new CFO
A day after hiring a new leader, Lattice Semiconductor’s management turnover continues. This time the company is seeking a new CFO. In filings with the Security and Exchange Commission, the company revealed that current CFO Max Downing intends to leave the company. Downing will stay on board until a new CFO is installed. Lattice is offering “enhanced compensation” to Downing for each month he remains through the transition period. The company plans to have a new CFO by the end of February…
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