Archive for May 2023
Sarah Dennis Phillips to fill San Francisco workforce development vacancy
The appointment comes after Kate Sofis left after two years in the role.
Farallon lands three directors on Exelixis board to push for changes
Hedge fund said the outcome of a campaign that went public in April sends a "clear message" to Exelixis management and incumbent directors to cut R&D costs.
State Farm’s California exit could cause headache for Bay Area home, business owners
Homebuyers in the heavily wooded areas of the East Bay are seeing fire insurance costs rise as options dry up. Meanwhile, the cost of business insurance is likely to rise.
Wells Fargo CEO says things are bad in CRE lending, and they are likely to get even worse
“Can we do something to restructure, to extend with a modification, which we think is helpful for them but also derisks and benefits us?” the CEO said of the bank's CRE borrowers facing 'events.'
Roche to divest massive Genentech manufacturing facility in Vacaville
The 427,000-square-foot facility opened in 2000 to produce the cancer drug Herceptin.
Stripe acquires San Francisco startup Okay
Stripe says the deal will help it build more effective tools for its engineers.
San Francisco newsletter platform Substack is raising fresh funding
The company reportedly cancelled a large Series C round last year. Here’s how much they’re trying to raise now.
Ethan Conrad buys North Sacramento office building, citing low cost relative to replacement
Tough times for the office sector might make it a tempting target for prolific real estate investor Ethan Conrad — but not in every situation.
105-year-old San Francisco diner St. Francis Fountain is getting a new owner
A longtime local restaurant staffer will own her first business.
Discount retailer Dollar Tree could be taking space along Arden shopping corridor
The approximately 10,500-square-foot space is within Tower Plaza across the street from the Arden Fair mall.