California’s Central Valley is best known for supplying nearly 25% of the country’s food, including 40% of the fruit and nuts consumed each year. Yet today, backcountry places such as Patterson, population 22,000, are experiencing an increase in homelessness that can be traced, in part, to an unlikely sounding source: Silicon Valley. — The Guardian
As home prices rise staggeringly high in Silicon Valley and San Jose, aspiring homeowners have increasingly headed inland to the agricultural regions of the Central Valley, which lie alongside the I-5. In towns like Patterson, rents have risen from $900 to $1,600 over three years, forcing more and...
Lenders often give special treatment to the wealthy, of course, but the tech industry has created a particularly ripe crop of clients who are rich or on their way. [...]
“Lenders get so caught up trying to stay competitive and finding a market edge, they basically allow greed to overcome common sense ... Easy money does fuel and accelerate the inevitable bubble.” — bloomberg.com
Facebook could be your next landlord. In an effort to drum up support for the controversial expansion of its headquarters, the social media giant is trying to give back to the community by building at least 1,500 housing units that can be rented by the general public—not just Facebook employees [...]
Facebook has pledged that 15 percent of the new units it creates will go to low- or middle-income families. — Gizmodo
[Google and LinkedIn] announced a large, surprising property swap encompassing over three million square feet of existing and future real estate...
From Google, LinkedIn is picking up seven buildings...In return, Google is getting LinkedIn’s Mountain View headquarters office and...four different surrounding properties that enable Google to follow through on its ambitious plan for a new, green, crazy-futurist campus. — recode
Y Combinator, the startup accelerator and investment firm that helped produce Airbnb, Dropbox, and Instacart, is embarking on a creation project arguably more ambitious than any company.
"We want to build cities," wrote Y Combinator partner Adora Cheung and President Sam Altman...the project aims to develop ways to reduce housing expenses by 90 percent and to develop a city code of laws simple enough to fit on 100 pages of text. Eventually the plan is to actually produce a prototype city. — Bloomberg
Sea level forecasts by a coalition of scientists show that the Silicon Valley bases for Facebook, Google and Cisco are at risk of being cut off or even flooded, even under optimistic scenarios where rapid cuts in greenhouse gas emissions avoid the most severe sea level increases.
Without significant adaptation, Facebook’s new campus appears most at risk. — the Guardian
Last week the city council in Mountain View, California, took a significant step toward addressing Silicon Valley's housing affordability crisis. The city approved a new planning document for its North Bayshore district that envisions the creation of up to 10,250 units of high-density housing. Mountain View only has about 32,000 households total, so that would be a substantial 32 percent increase
[...] — Vox
Located in the middle of the Eurasian landmass 3,000km east of Moscow, with a climate that ranges from 30C mosquito-ridden summers to -40C snow-drenched winters, this isn’t the most obvious place for a tech startup hub...
The Academpark is not some random outpost in the middle of nowhere, but the latest part of a plan to revive Akademgorodok, the Soviet science town that was established here in 1957, and long since left to languish. — the Guardian
When Airbnb put up ads suggesting various ways San Francisco could use the company’s tax payments, it was undoubtedly aiming to drum up good will.
“Dear Parking Enforcement,” one of the ads read, “Please use the $12 million in hotel taxes to feed all expired parking meters. Love, Airbnb.”
But instead of good will, the flippant tone of the ads, which went up on billboards and bus stops around the city on Wednesday, unleashed a torrent of sarcasm and anger on social media. — NY Times
In the arid plains of the southern New Mexico desert, between the site of the first atomic bomb test and the U.S.-Mexico border, a new city is rising from the sand.
Planned for a population of 35,000, the city will showcase a modern business district downtown, and neat rows of terraced housing in the suburbs. It will be supplied with pristine streets, parks, malls and a church.
But no one will ever call it home. — CNN
Planned by the telecommunications and tech firm Pegasus Global Holdings, the CITE (Center for Innovation, Testing and Evaluation) is a $1 billion plan to build a model city to test out and develop new technologies.With specialized zones for agriculture, energy, and water treatment, the city would...
Apple Inc. has landed its second spaceship — this time, in Sunnyvale — in a massive deal that exemplifies a new era in Silicon Valley real estate and crystalizes Apple’s enormous growth trajectory outside of its Cupertino stronghold. [...]
One caveat: It’s unclear whether the project will be built according to that design, from architecture firm HOK, or if Apple and Landbank will want to modify it in some way. — bizjournals.com
SUBMIT NEWS: submit in 60 seconds!