🚀🗳️🌁📈💫 This week in Bay Area business: tech stocks surge, Nordstrom Back and ... some elections
San Francisco Business Times
The San Francisco region's source for local business news & events. Part of the American City Business Journals network.
No shortage of news this week, in the Bay Area and beyond.
Some of it sobering, some of it shocking. Wherever you are we hope you are keeping safe and well.
There were some elections, of course, with San Francisco electing a new mayor and Oakland looking set to recall an existing one.
What the results of all these local and national polls will mean for Bay Area residents and businesses remains to be seen.
Some prominent local companies saw a jump in their share price this week while others were left to ponder what the future might hold. While a contagion of cap doffing seemed to infect several local CEOs.
There was also a Fed rate cut to digest, a notable AI land grab, Nordstrom coming back to S.F. in a big (and small) way and IKEA being . . . cool?
And for anyone just looking to get away from it all there was some flying car news and a new bar opening in Union Square for anyone needing a drink.
So, just another week in Bay Area business really.
What does it all mean? A roundup of our election coverage
And breathe . . .
The AI industry just planted its flag on Market Street by Sarah Klearman
Notion , the rapidly-growing organizational and productivity app, made a statement lease, becoming one of just a handful of six-figure (100,000 sq ft+) deals in San Francisco this year. Is Market St. becoming the ‘Broadway of artificial intelligence?’ The 'AI Wall Street?' Or a bargain hunter's paradise? Read the story.
Get the latest news as it happens...
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Oakland site that A's abandoned draws heavy interest by Hannah Kanik
The list of companies to express interest in the Howard Terminal site, that the Oakland A’s flirted and then ultimately skirted, is impressive. It could be a rare good news story for Oakland. Does Howard Terminal still have a sporting future?
Nordstrom pitches a storefront in . . . Pacific Heights? By Alex Barreira
Big news! Nordstrom is coming back to San Francisco. The scale of their new venture might surprise you.
The week in real estate
Ready for some good news? Wells Fargo economists fear Scrooge will hit Christmas sales by Mark Calvey
Wells Fargo ’s economics team expects a “scary Christmas” when it comes to year-end holiday shopping. In fact, it’s expected to be one of the most lackluster holiday shopping seasons in years. Bah humbug etc.
Executive profile: This CEO's family got refused credit, now he's helping millions access it by Mark Calvey
For VantageScore® CEO Silvio Tavares credit is personal. Helping millions of people improve their credit score has economic benefit that extends far beyond the company he leads. Here’s why.
Recommended by LinkedIn
Bargain market? Luxury home of former Grocery Outlet exec sees price cut by Ted Andersen
A third-generation member of the family behind Bay Area discount food retailer Grocery Outlet has put his luxury San Francisco home up for sale, most recently adding a discount to the sticker price.
Former Twitter CMO sues X Corp. and Elon Musk for $20 million of unpaid severance by William Hicks
Yet another former Twitter executive is suing X Corp. and Elon Musk over unpaid severance, after Musk bought the company in 2022, fired most of its executive team and eventually changed its name.
Forget flying cars — this startup is making Jetsons-like pods by Sara Bloomberg
San Francisco eVTOL startup Invo Station is developing flying cars that look like spaceships. Here's what we know about the company, the state of regulations and how much the vehicles will cost.
ICYMI here’s what else you need to know
Get your tickets
What next for Oakland real estate?
Our annual Oakland Structures event will shine a light on the people, projects and trends that are shaping the city.
What key projects will redefine the city? What sectors are growing? How can Oakland ensure that it provides enough housing, and in an era of remote work, what does the future of office development look like?
When: Thursday, December 5, 2024, 8:00am –10:30am
Tickets are on sale now, get yours here.
Moonshots and Doom Loops 🚀🌁📈➰💫
This weekly Bay Area business round-up is written by Simon Campbell, special projects editor at the San Francisco Business Times.
Reach out with news tips, questions or comments: scampbell@bizjournals.com.
And one more thing . . .
Nominate and celebrate 🏆🎊
Nominations are open for our awards and events including 40 Under 40, Fastest Growing Companies, Best Places to Work, Real Estate Deals of the Year, Most Influential Women in Bay Area Business, and many more.
Stay safe and have a good week.