Saturday, November 30, 2013

Happy Birthday San Jose (Courtesy of Mezlan)

Mezlan is a high-quality men's shoe store that recently opened in Valley Fair. However, they have done something I have never seen any other local store do, and that is produce a great documentary about San Jose's history. The video below is only about 8 minutes long, and is well worth your time! It's a fantastic tribute to San Jose's 236th Birthday.

Clearly this is a store that is looking to become a strong part of the community and is well-worth checking out on those merits alone (I do have the say their shoes look pretty nice as well). For more information on Mezlan, check out their website over here. And again, please watch the video below. This is a great summery of our City's history.

Saturday Stats: San Jose is the 3rd Best City for Home Sellers

Movoto looked at total homes for sale per capita, median days on market, crime rates, school quality, and unemployment rate to find the best home markets for sellers across 100 US Cities. San Jose came in 3rd place, while our nemesis came in second and Fremont surprisingly came in 1st. For more info just use the source links or scroll down.

Source: SocketSite, Movoto Blog

Movoto%20Top%2010%20Cities%20Sellers.gif

1. Fremont, CA

The 10 Best Cities for Home Sellers
Source: Flickr user Don Debold
This modestly sized city of 216,916 located on the eastern side of the San Francisco Bay is home to the highest-earning home buyers in our top 10; they made a median household income of $98,513 a year. At the same time, sellers can anticipate a median listing price of $640,000, which is the third highest of all the cities we surveyed after San Francisco and Irvine.
Fremont is tied with Oakland, CA when it comes to fewest median days on market at 25 days. The city has the second-highest ratio of homes for sale to residents after San Francisco at one for every 689 residents.

2. San Francisco, CA

The 10 Best Cities for Home Sellers
Source: Wikipedia user Kurykh
To the northwest of Fremont sits San Francisco, the City by the Bay. This hilly metropolis has the highest median list price of any city in our top 100—let alone the top 10—at $799,000. Its residents earn a median household income of $72,947 and the unemployment rate is 5.4 percent.
The median days on market in San Francisco is twice that of Fremont at 50 days. There is one home for sale for every 869 people who call the city home, making it the most competitive housing market out of our top 10.

3. San Jose, CA

The 10 Best Cities for Home Sellers
Source: Wikipedia user Michael
One of the Bay Area’s three major metros, San Jose came in fourth in terms of median listing price and days on market at $609,000 and 43 days, respectively. Its residents make a median household income of $80,764 and the unemployment rate is 7.2 percent; the second-highest in the top 10 after Chula Vista.
San Jose is fourth out of the top 10 in terms of available home to resident ratio with one for sale for every 608 people.

4. Honolulu, HI

The 10 Best Cities for Home Sellers
Source: Wikipedia user ErgoSum88
The Hawaiian capital came in fourth overall in terms of unemployment at 4.2 percent, just slightly more than Seattle’s 4 percent rate. Its median list price is seventh overall at $528,000 and the residents earn a median household image of $93,539 annually.
Honolulu has one home for sale for every 292 residents and a median days on market of 64 days.

5. San Diego, CA

The 10 Best Cities for Home Sellers
Source: Flickr user Leandro Neumann Ciuffo
San Diego is the largest city in our top 10 at 1.3 million residents, which contributes to its low ratio of 1 home for sale for every 348 people. The median list price in San Diego is $469,000 which makes it ninth overall for that criterion.
Unemployment in San Diego is at 7 percent, placing it 45th out of 100 in terms of the cities we surveyed.

6. Plano, TX

The 10 Best Cities for Home Sellers
Source: City of Plano, TX
As it turns out, one of our best suburbs in America is also a top spot for home sellers. Plano has one home for sale for every 289 residents and a median days on market of 60. The median listing price there is 275,000—a far cry from California prices, but good for Texas.
The residents of Plano make a median household income of $82,901 annually, placing it 27th for that criterion, and the unemployment rate is 6.4 percent.

7. Chula Vista, CA

The 10 Best Cities for Home Sellers
Source: Flickr user Mark Sebastian
We head back to California and the San Diego area for seventh place Chula Vista. The median list price there is about $100,000 less than in San Diego proper at $370,000 and at one home on the market for every 378 residents, they’re just about even in that regard. Median days on market is 52, which is just one day longer than San Diego.
The unemployment rate is higher at 7.8 percent but the median household income is considerably lower at $65,526.

8. Seattle, WA

The 10 Best Cities for Home Sellers
Source: Wikipedia user Daniel Schwen
Still on the West Coast, but considerably less sunny, Seattle immediately stands out by having the lowest unemployment rate of any city we surveyed at 4 percent. The median household income there, however, is the lowest in our top 10 at $61,856.
As for the rest of the criteria, it performed admirably. Its median list price is $425,000 and days on market are 45. There’s one home for sale for every 227 residents of the city.

9. Chandler, AZ

The 10 Best Cities for Home Sellers
Source: Flickr user Dean Ouellette
As the first of two Arizona cities that round out our top 10, Chandler is superior in terms of median list price—at $284,900, it’s $14,800 better than No. 10. It’s $71,343 median household income is less, however, and its one home for sale for every 198 residents makes it not quite as competitive a market.
The median days on market in Chandler is 50 and the unemployment rate is 6.9 percent.

10. Gilbert, AZ

The 10 Best Cities for Home Sellers
Source: Wikipedia user Tony the Marine
Like we said, Chandler has Gilbert beat for median list price; $284,900 versus $270,100, respectively. Gilbert’s residents make more, though, at $80,090 median household income, and there are fewer homes for sale per resident—one for every 158.
In terms of median days on market and unemployment rate, Gilbert is tied with Chandler at 50 and 6.9 percent, respectively.

Friday, November 29, 2013

Edgewater Networks Moves to South San Jose

Edgewater is an internet communications company with various solutions and services. They have been leasing 24,000 SQFT of space at 2895 Northwestern Parkway in Santa Clara for the last five years. The company has decided to upgrade their headquarters to 38,000 SQFT in South San Jose at Hellyer Oaks Technology Park. Low rents and a reverse commute seem to be attracting a little bit more attention to the area (Barracuda Networks made a big move here as well), but office vacancy in South San Jose is still hovering around 20%.

Source: SVBJ






Christmas in the Park Kicks Off Today!

Downtown San Jose's largest event--attracting half a million visitors--officially launches today with a Tree Lighting Ceremony at 6pm! For a list of events and more information, you can check out their website over here. Below is a handy map of key attractions inside of the park itself. There will also be carnival rides and vendor booths flanking both sides of the park.

Christmas in the Park Map

Thursday, November 28, 2013

Happy Thanksgiving San Jose!

I would like to wish all of you a great Thanksgiving! We have a lot to be thankful for this year in San Jose.

Photo from SanJose.com

Little Italy San Jose Updates!

Here is a little Thanksgiving treat for San Joseans. We have some exciting announcements related to San Jose's new Little Italy district. All but details are below but the quick summary is:

1.) Bel Bacio Imported Italian Coffee is officially open for business and their Grand opening will be this Sunday from 10am-12pm! (can't wait to check this out)
2.) The first home restored by SV Home is already being shown off and the cast from HGTV's Flip it to win it was onsite yesterday.
3.) Architectural and landscaping designs are being finalized for the Little Italy Cultural Center and Museum (yay!)
4.) The Little Italy Arch is ready to start construction. They are just waiting for the work permit.

Thanks Josh Melander for sending this in!

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Bel Bacio Italian Café Now Open!!

Today Monday November 25th is the first day of business for Bel Bacio - Italian Cafe. Please stop by this week to try their authentic espresso from Barbera in Messina Sicily.  The Grand Opening will be Sunday December 1st from 10am -12pm.



First Home restored by SV HOME reveal and Open House!!

Yes, It has been only two months and the first home purchased by SV HOME has been restored and the reveal with SV HOME and the TV crew from HGTV and the cast from Flip it to win it will be this Wednesday November 27th from 3pm -5pm.  SV Home will be paying for catered Food from Paesano Ristorante and would love all of you to attend.  We hope you can see all the progress that has been made in Little Italy.

~ We also are looking for a few people to be involved in a live casting for the TV show to be on camera looking at the home


Status of Little Italy Cultural center and Museum

We are finalizing architectural and landscaping designs for the Cultural center and Museum.  Thus far we have the following…….
~ Cleanup, Demo, and Framing – Donated by SV HOME
~ Electrical – Donated by Best Electrical
~ Cooling and Heating – Donated by A1 Cooling and Heating
~ Architecture – Donated by staff from SV HOME and Davide Giannella
~ Interior Design – Donated by James D’Ambrosio

We desperately need………….. In Kind Plumbing/HVAC, Roofing, Drywall, Windows, and Painting

Little Italy Arch Finally ready to start Construction!!

We are finally just about ready to start construction on the Little Italy Arch!!  We will be re-submitting the application this week to obtain the work permit to start construction.

~ We had to redo the entire arch and move it over 6 inches to avoid an underground electrical box that PG&E did not discover previously and had to get all the maintenance approvals for the Arch.

Stay tuned for a Groundbreaking date…………………


Wednesday, November 27, 2013

First Satellite US Patent and Trademark Office on the West Coast to be Located in San Jose!

I was really hoping that this would happen. In fact, I even emailed the person scouting for locations of the US Patent Office to suggest he look at Downtown San Jose. The US Patent and Trademark Office is officially making San Jose's City Hall their official home!

They will be taking 40,000 SQFT across two locations, the 14th floor and the second floor of the wing. That should be enough for 18 patent judges' offices, 60 patent examiners, public conference space, collaboration space, and support staff.

To attract the patent office Downtown, the city gave them a sweet deal. Two years of free rent, Operational Expenses for the next four years, and market-rate rent for the next six years. However, since this space was not being utilized, the opportunity cost of making this deal is close to nothing and the upside is huge.

Everyone in the West Coast that wants to file a patent would be coming to Downtown San Jose to do so. This also puts high demand on the immediate area for services to cater towards patent-filers, such as legal services, research firms, etc. Large companies start may even start considering Downtown as a location for their Intellectual Property teams. It definitely won't hurt our vacancy rates, that's for sure. There are not many office submarkets that can brag about having a US Patent Office within walking distance.

This is a well deserved win for the top patent-filing region in the country, if not the world!

Source: SVBJ, Hat-tip to Bob

Tuesday, November 26, 2013

Harvest Festival: Handmade Black Friday Shopping

The Harvest Festival is coming back to San Jose this weekend at the newly remodeled San Jose Convention Center! I had the opportunity to check this out last year and it completely exceeded my expectations. There are so many vendors here, it will blow your mind. This year's event will feature over 24,000 different items--all handmade in the US--including original art, clothing, jewelry, gourmet food, and photography. If you are planning on doing Christmas shopping this weekend, these are gifts with a lot more character than what you would typically find in the mall. Live music and a Kid's area will also be in the mix.

Fore more information you can read the press release below or visit their website over here.

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Black Friday, the Handmade Way
San Jose Harvest Festival Offers Over 24,000 Handmade Arts and Crafts Right in Time for the Holidays

(San Jose, Calif., October 18, 2013)--- This Black Friday, many people are looking for great deals and unique gifts for their friends and family without the stress and hassle of visiting a crowded mall. Shoppers will find all that and more at the San Jose Harvest Festival, happening November 29 - December 1 at the San Jose Convention Center.

The San Jose Harvest Festival is the largest indoor arts and craft shows on the West Coast and was recently rated among the top 200 craft shows in the country.  The show offers over 24,000 handmade arts and crafts, including jewelry, original art, clothing, specialty foods, holiday decor, and more.

Attendees can meet the artists who created each item sand even get purchases personalized. Items available range from affordable $5 stocking stuffers to upscale, fine jewelry worth thousands of dollars. The Grand Prize, which will be awarded at the end of the show tour, is a beautiful Randy Polk designed ring and bracelet with Mother of Pearl, diamonds and orange sapphires, valued at over $5,000,

Throughout the weekend, the Harvest Festival offers fabulous live entertainment, including performances from Cash Tribute featuring James Garner. Playing the hits of the famed "Man in Black", Cash Tribute treats audience members to a glimpse into the life and music of Johnny Cash.

New this year to the strolling entertainment is the group Le Jazz Hot. This popular Bay Area gypsy Jazz group will use their traditional Jazz style with classic Holiday favorites, serenading attendees the moment they enter the show.

Gingerbread on the Go will co-host the KidZone and will feature take-and-make gingerbread cookie projects. Nature of Art for Kids, an eco-friendly company offering non-toxic art supplies for children, will also be participating in the KidZone offering crafts using "green" and upcycled materials. Plus, kids of all ages can enjoy live entertainment from Scott Land, an expert marionette performer who is known for his work on the film Team America: World Police.

The official charity of the show is Humane Society Silicon Valley, a non-profit organization committed to animal welfare in every facet. Humane Society Silicon Valley (HSSV) will receive half of the proceeds from shopping bag sales and all of the proceeds from the bag and parcel check.

Loaves and Fishes, a San Jose based non-profit  organization which serves free, nutritious meals to the working poor, families, homeless and seniors, will be the food donation partner for the show. Anyone who brings a monetary or non-perishable food donation to the show will receive $2 off their admission.


What:             The San Jose Harvest Festival® Original Art and Craft Show
When:             November 29-Dec.1st
Where:            San Jose Convention Center (150 W. San Carlos St, San Jose CA  95113)
Hours:            Friday: 9am – 6pm, Saturday: 10 am – 6pm, Sunday: 10 am – 5pm
Cost:              Adults: $9, Seniors (62+): $7, Youth (13-17): $4, 12 & Under:  Free
Info:                For tickets and information, please call 1-800-346-1212or visit www.harvestfestival.com


ABOUT THE HARVEST FESTIVAL ORIGINAL ART AND CRAFT SHOW®:
The Harvest Festivals began 41 years ago in San Francisco as a destination for artists and craftspeople to sell their handmade products. Today, the event has grown to encompass nine shows in the state of California and Nevada, continuing its tradition of only featuring arts and crafts made in the United States.  Each exhibitor is subject to a rigid jury process to be selected as an artisan, ensuring a rich diversity and high quality of all products sold. The Harvest Festivals are owned and managed by a Western Exhibitors.