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Lithia invests $54M in, teams up with San Francisco e-commerce company
One of Oregon’s two Fortune 500 companies has made a significant investment in, and joined forces with, a San Francisco partner. Lithia Motors Inc. (NYSE: LAD) will pour $54 million into Shift, an e-commerce retailer, as part of the latter company’s Series D fundraising round. Lithia, in framing the move as a “strategic partnership,” will become the company’s largest shareholder. Shift’s technology offers users a “concierge” service that picks up and delivers vehicles to potential buyers, among…
San Jose down payments balloon to eye-popping new record high
San Jose’s median down payment, by far the highest in the nation, is now 39 percent higher than San Francisco’s and more than double Los Angeles’.
A Portland expat entrepreneur returns to ‘move lots of stuff’
A well-pedigreed San Francisco startup that offers innovative hybrid storage services is launching in Portland. Omni both operates storage facilities and allows customers storing items to rent out those items through its own marketplace. The company employs workers who pick, deliver and keep track of the rented items. Portland is the second city for the service, which launches here this weekend. Omni has developed its Portland infrastructure throughout the summer. The four-year-old company leased…
Exclusive: Adobe to widen diversity efforts as leaders rethink approach to inclusivity
As Adobe scales its growth, which includes doubling its Silicon Valley workforce, it’s making changes to its diversity and inclusion programs.
Volvo to expand R&D to Sunnyvale in newly rehabbed building with room for hundreds of workers
Volvo is expanding its Silicon Valley footprint as automotive research and development operations have proliferated in the Bay Area.
Home of the Day: Floating Home Masterpiece in Ward’s Cove on Lake Union
By Enrico Pozzo, Broker Home of the Day is presented by the Puget Sound Business Journal with Realogics Sotheby’s International Realty. This is your invitation to view some of Seattle’s most-luxurious properties. Come inside and take a look around. Click on the gallery image to view today’s featured property. 2821 Fairview Avenue East, Residence 12, Seattle, WA 98102 | $3,700,000 A breathtaking floating home for living in-the-moment, designed with the precision of a Swiss watch. A stunning living…

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