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San Jose office building tumbles into loan default for second time

Published Wed, 26 Feb 2025 10:55:39 GMT

SAN JOSE — A San Jose office building has tumbled into a loan default, a disquieting indicator that post-coronavirus economic gremlins still bedevil the Bay Area real estate market.The office building whose mortgage is delinquent is at 110 Baytech Drive in north San Jose’s Alviso district, according to documents filed on Aug. 15 with the Santa Clara County Recorder’s Office.Money360, an online marketplace for real estate loans, provided the financing in 2019, the county records show.The original loan that’s in default totals $16.3 million according to the public real estate documents.Including the principal, late fees, interest, penalties and other costs, the current amount owed is slightly over $18 million.The mortgage delinquency represents the second time in about a year that a real estate loan for the building has landed in default.In August 2022, a notice of default was filed against the building. County records show that within the next several days, th...

Sale closed in Saratoga: $4.1 million for a four-bedroom home

Published Wed, 26 Feb 2025 10:55:39 GMT

20462 Glen Brae Drive – Google Street ViewA 2,476-square-foot house built in 1965 has changed hands. The spacious property located in the 20400 block of Glen Brae Drive in Saratoga was sold on July 24, 2023. The $4,105,000 purchase price works out to $1,658 per square foot. This single-story home offers a roomy layout with four bedrooms and three bathrooms. Additionally, the house is equipped with a two-car garage, accommodating vehicles and storage needs efficiently. The lot size of the property measures an impressive 0.3-acre and features a pool for added enjoyment.These nearby houses have also recently been sold:In March 2023, a 2,411-square-foot home on Glen Brae Drive in Saratoga sold for $4,150,000, a price per square foot of $1,721. The home has 4 bedrooms and 3 bathrooms.On Chalet Lane, Saratoga, in September 2022, a 2,862-square-foot home was sold for $3,750,000, a price per square foot of $1,310. The home has 4 bedrooms and 4 bathrooms.A 2,416-square-foot home on the 20200...

Opinion: California cities lose money, harm citizens with ‘poverty tows’

Published Wed, 26 Feb 2025 10:55:39 GMT

In California, if you don’t have enough money to pay for parking tickets, the government may take your car.Every year, tens of thousands of low-income Californians lose their vehicles simply because they cannot afford to pay for parking tickets. City governments tow the cars not because they are currently parked illegally but because their owners haven’t paid past parking fines. The vehicles then run up storage fees at towing facilities — fees that low-income vehicle owners also cannot pay.As a result, the cars are auctioned off. The outcome is that our cities are not only punishing people for being poor, but also taking away their lifeline for climbing out of poverty.That is not the way California’s cities should be treating their most economically vulnerable residents. Losing a car can cost individuals their job, their medical care, their childcare and even their personal safety.Many cities require vehicle owners to pay all their parking ticket debt, snowballing late fees an...

2 restaurants suffer water, fire damage after blaze in Santa Rosa

Published Wed, 26 Feb 2025 10:55:39 GMT

(KRON ) -- A two-alarm fire at a two-story commercial building in the 500 block of Fourth Street early Wednesday morning, according to the Santa Rosa Fire Department.Firefighters found water coming from both stories of the building that housed several different businesses. Crews found a fire burning inside Thai House Restaurant with the fire being somewhat contained by a fire sprinkler that had activated, SRFD said.The fire was eventually contained and no occupants were found in the restaurant. Belly Left Coast Kitchen Tap, the business below, had significant amounts of water that had poured down from the Thai restaurant, officials said. 4-year-old girl killed, parents injured in crash near Oracle Park Crews worked to remove water from both floors of the building. No other businesses were affected. Damages are estimated to be around $150,000, SRFD said. Thai House Restaurant and Belly Left Coast Kitchen Tap Room will be closed for an unspecified amount of time due to water and fi...

Guaranteed basic income program for formerly incarcerated moves forward with vote

Published Wed, 26 Feb 2025 10:55:39 GMT

(BCN) -- A pilot program to provide guaranteed basic income to 100 Santa Clara County residents who have been incarcerated or were otherwise under supervision by the justice system took another step forward Tuesday as the county Board of Supervisors was updated on a potential budget and planning process. The program will provide $1,200 a month for two years, if approved. It is one of four guaranteed basic income initiatives being tested by Santa Clara County, most of which are in the planning phase. Supervisors also approved a separate pilot program to train formerly incarcerated or otherwise justice-involved people to work in food service by setting up a cafeteria at the Civic Center. Ky Le, a deputy county executive who gave the presentation Tuesday, told the board that the guaranteed basic income program would cost $4 million. Supervisors allocated $2 million from the county's American Rescue Plan Act funds, which will be supplemented by $1 million each from the state...

Niger Junta Appoints U.S.-Trained Military Officers to Key Jobs

Published Wed, 26 Feb 2025 10:55:39 GMT

U.S.-trained military officers have been appointed to head five of eight regions of Niger by a junta that includes at least five U.S.-trained military officers, The Intercept has learned. While the Pentagon claims its instruction doesn’t lead to mutinies, innovative research by a former Pentagon analyst indicates the opposite could be true.The Nigerien junta, which calls itself the National Council for the Safeguarding of the Fatherland, seized power on July 26 and detained the democratically elected President Mohamed Bazoum. Earlier this month, the junta reportedly installed eight top security officials to govern its seven regions and the capital district. This consolidation of power included the appointments of Brig. Gens. Iro Oumarou and Ibrahim Bagadoma; Col. Maj. Oumarou Tawayé; Inspector General of Police Issoufou Mamane; and Col. Labo Issoufou. All have “participated in U.S.-sponsored training,” a State Department spokesperson said in response to questions from The Intercept....

2 Prince William Co. men charged in shooting of teen near public pool

Published Wed, 26 Feb 2025 10:55:39 GMT

Two Prince William County, Virginia, men have been arrested and charged in the shooting death of a 17-year-old boy at a community pool on Saturday.Jordan Delaney Sickles, 21, of Haymarket, and Re’Kwon Nyqualin Barnett, 18, of Gainesville, were arrested on Monday, according to a news release from police.Sickles is charged with murder and firearms charges, and Barnett is charged with accessory to the crime after the fact.The two were in the area of the 5800 block of Moonbeam Drive on Saturday for an alleged firearms transaction when they shot and robbed the teen of his money, police said. They then fled the scene.The Woodbridge teenager who was fatally shot had planned to meet Sickles and Barnett near the Winding Creek community pool, police said.After he was shot, police said his money was stolen.The teen was found in his vehicle and transported to a hospital where he later died. Due to Virginia law, police said the identity of the teen who was shot will not be disclosed.Sickles and ...

Twin Disc: Fiscal Q4 Earnings Snapshot

Published Wed, 26 Feb 2025 10:55:39 GMT

RACINE, Wis. (AP) — RACINE, Wis. (AP) — Twin Disc Inc. (TWIN) on Wednesday reported net income of $8.6 million in its fiscal fourth quarter.On a per-share basis, the Racine, Wisconsin-based company said it had net income of 62 cents.The power transmission equipment maker posted revenue of $83.9 million in the period.For the year, the company reported profit of $10.4 million, or 75 cents per share. Revenue was reported as $277 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TWIN at https://www.zacks.com/ap/TWINSource

Así fue el emotivo recibimiento en Colombia a la selección femenina de fútbol

Published Wed, 26 Feb 2025 10:55:39 GMT

BOGOTÁ – Una multitud recibió el martes con júbilo en el Movistar Arena de Bogotá a la selección colombiana que jugó el Mundial Femenino de Australia y Nueva Zelanda, en el que el equipo sudamericano tuvo su mejor participación histórica y llegó hasta los cuartos de final, en los que cayó con Inglaterra.Los familiares y aficionados, vestidos con las camisetas del equipo y con la bandera tricolor del país, recibieron con gritos, aplausos y mucha emoción a las futbolistas dirigidas por Nelson Abadía.Las jugadoras llegaron al coliseo bogotano y empezaron a salir una a una ante los gritos y los saludos de la multitud que asistió al homenaje, organizado por la Federación Colombiana de Fútbol (FCF). Inglaterra a la final tras vencer a Australia 3 – 1 en semifinales Logro histórico: Inter Miami llega a la final de la Leagues Cup Algunas, incluso, salieron con su teléfono en la mano para grabar lo que ocurría en el recinto, donde ha...

England 3, Australia 1

Published Wed, 26 Feb 2025 10:55:39 GMT

England12—3Australia01—1First Half_1, England, Toone, (Russo), 36th minute.Second Half_2, Australia, Kerr, (Gorry), 63rd; 3, England, Hemp, (Bright), 71st; 4, England, Russo, (Hemp), 86th.Goalies_England, Mary Earps, Hannah Hampton, Ellie Roebuck; Australia, Mackenzie Arnold, Lydia Williams, Teagan Micah.Yellow Cards_Greenwood, England, 10th; Kelly, England, 90th+5.Referee_Tori Penso. Assistant Referees_Brooke Mayo, Mijensa Rosancha Rensch, Massimiliano Irrati. 4th Official_Yoshimi Yamashita.A_75,784.___Source