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Silicon Valley office hub faces real estate default, loan foreclosure

Published Fri, 21 Feb 2025 16:02:27 GMT

SUNNYVALE — A big office complex in Sunnyvale has staggered into a default on its loan, a financial setback that suggests post-coronavirus maladies still afflict the commercial real estate market in the Bay Area.Horizon Sunnyvale, a revamped office center on Oakmead Parkway, is in default on its real estate mortgage and could face a loan foreclosure, documents on file with the Santa Clara County Recorder’s Office show.The office complex consists of four interconnected buildings and totals 181,200 square feet, according to a marketing flyer distributed by property owner Embardero Capital Partners and commercial real estate brokerage Newmark.The financing that has become delinquent totals $63.5 million and was provided by lender LoanCore Capital REIT in 2019, according to the county’s real estate records.Horizon office complex on Oakmead Parkway in Sunnyvale. (Newmark)The financial difficulties that face the building serve as a fresh example of the unforeseen an...

Seven in 10 Californians say kids growing up there will be worse off

Published Fri, 21 Feb 2025 16:02:27 GMT

By Laura Curtis | BloombergSeven out of 10 Californians think kids growing up in the Golden State will be financially worse off than their parents, according to a statewide survey by the Public Policy Institute of California.The 71% of adults who share the grim outlook is a record high for the survey, which is in its 25th year. Just 50% of Californians held the same view five years ago.At the same time, 72% of Californians said they are satisfied with their household’s financial standing and 54% of likely voters said they approved of Governor Gavin Newsom’s handling of jobs and the economy.More than half of adults surveyed think things are generally going in the wrong direction in California, and six in 10 likely voters predict bad economic times in the next 12 months.The sentiment in California mirrors the rest of the nation. Despite strong economic growth and a resilient job market, more middle-class Americans are worried about the state of the economy than a year ago, according t...

Man with ‘lengthy criminal history’ arrested for Fremont homicide

Published Fri, 21 Feb 2025 16:02:27 GMT

(KRON) -- On Oct. 25, a deceased man with a gunshot wound to the chest was discovered by paramedics at the rear of a business on the 3100 block of Walnut Avenue, according to the Fremont Police Department. Two weeks later, on Nov. 8, an arrest was made in connection to the homicide.Investigators said 37-year-old Marquice McClinton, of Fremont, was identified as the primary suspect through community camera networks and additional follow-ups. San Carlos samurai sword beheading trial: Landaeta made murder confession, deputy testifies On Nov. 8, Fremont police responded to a battery in progress and learned that McClinton was a suspect in the battery. When officers attempted to contact McClinton, he fled, according to police. After a pursuit on foot, police arrested him near Blacow Road and Brophy Drive.Fremont PD said McClinton “has a lengthy criminal history including arrests for attempted homicide, violent assaults, firearms possession, and evading.” He was booked into the Santa Rit...

Sports on TV for Friday, November 10

Published Fri, 21 Feb 2025 16:02:27 GMT

(All times Eastern)Schedule subject to change and/or blackoutsFriday, November 10COLLEGE BASKETBALL (MEN’S)6 p.m.CBSSN — Veterans Classic: Coll. of Charleston vs. Duquesne, Annapolis, Md.6:30 p.m.BTN — Youngstown St. at MichiganFS1 — LeMoyne at VillanovaFS2 — Jacksonville at Xavier7 p.m.ACCN — Hall of Fame Series: Florida vs. Virginia, Charlotte, N.C.ESPN2 — Arizona at DukeESPNU — Asheville Championship: Davidson vs. Maryland, Semifinal, Asheville, N.C.PAC-12N — Troy at Oregon St.PEACOCK — Texas A&M at Ohio St.SECN — Wake Forest at Georgia7:30 p.m.PEACOCK — UTSA at Minnesota8 p.m.PEACOCK — Alabama St. at Iowa8:30 p.m.BTN — Dayton at NorthwesternCBSSN — Veterans Classic: Temple at NavyFS1 — Rider at MarquetteFS2 — SE Missouri at Butler9 p.m.PAC-12N — Montana at OregonPEACOCK — Tennessee at WisconsinSECN — Memphis at Missouri9:30 p.m.ACCN — Hall of Fame Series: Virginia Tech vs. South Carolina, Charlotte, N.C.11 p.m.PAC-12N — Lafayette at UCLACOLLEGE FOOTBALL9 p.m.ESPN2 — North Te...

El CAIR recibió 1.283 denuncias “sin precedentes” de prejuicios islamófobos y antiárabes en el último mes, según nuevos datos

Published Fri, 21 Feb 2025 16:02:27 GMT

(CNN) — El Consejo de Relaciones Islámico-Estadounidenses (CAIR, por sus siglas en inglés) documentó un “espantoso” aumento de las denuncias de incidentes de prejuicios antiárabes y antimusulmanes en el mes transcurrido desde la escalada de violencia entre Israel y Hamas, anunció este jueves la organización.El mayor grupo de defensa de los musulmanes del país dijo haber recibido 1.283 peticiones de ayuda y denuncias de prejuicios en el mes transcurrido desde el ataque de Hamas contra Israel del 7 de octubre. La organización dijo que en 2022 recibió un promedio de 406 quejas en un periodo de 29 días.Los nuevos datos, dijo CAIR, reflejan un aumento del 216% en las solicitudes de ayuda y los incidentes de prejuicio denunciados en comparación con el año anterior.Corey Saylor, director de Investigación y Defensa de CAIR, dijo en un comunicado compartido con CNN que los datos representan la mayor ola de prejuicios islamófobos y antiárabes que la organización ha registrad...

Presto’s Picks: Big Ten, bigger TV, biggest bucks

Published Fri, 21 Feb 2025 16:02:27 GMT

College football in the 21st century is all about consolidation. Even though bigger is not always better, it’s the way things are going to trend for the time being. As the Power Five becomes the Power Four (plus whatever is going on out west), there is a new arms race with three of the leagues regarding the TV landscape, and it appears as though the Big Ten will have the inside track.Credit the conference’s vision that branding was more important than accuracy. The league with “ten” in its name has had more than 10 members for over 30 years, setting a trend for the 15-school Atlantic 10 and a Big 12 that will have 10, 14, and 16 schools over a three-year span. Credit the league’s vision for major markets outweighing competition: Maryland and Rutgers gave the conference footholds in D.C. and New York City despite adding little to the on-field football product.And credit the Big Ten for thinking big in becoming a national league by adding two (eventually ...

Stock market today: Wall Street is still stuck in neutral as oil recovers some of its sharp losses

Published Fri, 21 Feb 2025 16:02:27 GMT

NEW YORK (AP) — Wall Street is still largely stuck in neutral Thursday following its big recent swings.The S&P 500 was virtually unchanged in early trading and seems to be on track for a fourth straight quiet, mixed day. It’s been listless this week, coming off a sharp reversal after months of losses gave way to its best week of the year last week.Even though its recent moves have been modest, if the S&P 500 ends the day with a gain, it would mark a ninth straight for its longest winning streak in 19 years.The Dow Jones Industrial Average was up 11 points, or less than 0.1%, as of 9:40 a.m. Eastern time, and the Nasdaq composite was virtually flat.The Walt Disney Co. was strong after becoming the latest big U.S. company to report stronger profit for the latest quarter than analysts expected. It rose 6% after saying it added more Disney+ streaming subscribers than Wall Street had forecast, while also increasing its target for annual cost savings.Tapestry jumped 5.1% for anoth...

Back in China 50 years after historic trip, a Philadelphia Orchestra violinist hopes to build ties

Published Fri, 21 Feb 2025 16:02:27 GMT

BEIJING (AP) — Fifty years after the Philadelphia Orchestra’s history-making visit to China in 1973 that helped build then-fledgling U.S.-China ties, Davyd Booth hopes for a repeat performance. The 73-year-old violinist returned to China this week with 13 fellow orchestra members to mark the 50th anniversary of the trip and carry on the ensemble’s decadeslong effort to bring the United States and China closer together despite current political disagreements.“People all over the world are absolutely the same,” Booth said Thursday in Beijing, on the eve of their performance with the China National Symphony Orchestra at the National Centre for the Performing Arts. The orchestra’s return in itself is a sign of improving ties ahead of a highly anticipated meeting between Presidents Joe Biden and Xi Jinping.There may be differences in governments and religion but people’s reaction to music is the same, Booth said after playing piano at a hospital with a violinist a...

New Zealand edges closer to semifinal with clinical win over Sri Lanka at Cricket World Cup

Published Fri, 21 Feb 2025 16:02:27 GMT

BENGALURU, India (AP) — Fast bowler Trent Boult picked up 3-37 as New Zealand beat Sri Lanka by five wickets on Thursday to edge closer to the last remaining semifinal spot at the Cricket World Cup.Boult, who had previously picked up 10 wickets in eight games, roared back to form at the M. Chinnaswamy Stadium as Sri Lanka was bowled out for 171 in 46.4 overs.Fit-again paceman Lockie Ferguson claimed 2-35 in 10 overs, including two maidens, while left-arm spinner Mitchell Santner bagged 2-22 as the Black Caps made easy work of a must-win game.In reply, New Zealand hurried to 172-5 in 23.2 overs thanks to Devon Conway (45), Rachin Ravindra (42) and Daryl Mitchell (43).The victory means New Zealand is fourth with 10 points from nine games and a net run-rate of plus-0.922. Pakistan and Afghanistan can still overtake the Black Caps but will need to win their final league games against England (Nov. 11) and South Africa (Nov. 10) respectively.The big winning margin, especially chasing dow...

Live updates | Macron urges Israel to protect civilians in Gaza, calls for a humanitarian pause

Published Fri, 21 Feb 2025 16:02:27 GMT

French President Emmanuel Macron has opened a Gaza aid conference with an appeal for Israel to protect civilians, saying that “all lives have equal worth” and that fighting terrorism “can never be carried out without rules.” Macron repeated calls a humanitarian pause in Israel’s operations against Hamas but also stressed that protecting civilians is “non-negotiable.” France wants Thursday’s aid conference that brings together more than 50 nations to address the besieged Palestinian enclave’s growing needs including food, water, health supplies, electricity and fuel. The aid conference coincides with negotiations for a three-day humanitarian cease-fire in Gaza in exchange for the release of about a dozen hostages held by Hamas. Two officials from Egypt, one from the United Nations and a Western diplomat, who spoke on condition of anonymity to discuss sensitive diplomatic efforts. said the negotiations were underway.The war, now in its second month, was triggered by the Oct. 7 Hamas a...