The turmoil that drove Silicon Valley Bank and Signature Bank out of business, rocking the wider banking sector, has analysts bracing for the next possible crisis: the $20 trillion commercial real estate market.
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Building more emergency housing, adding more cops on the streets, expanding neighborhood cleanups and speeding up the permit process are key recommendations from advisory committees created last month by San Jose Mayor Matt Mahan. The mayor’s office today announced the recommendations released by the five “transition committees” he launched in January identifying approaches to solve what he calls the city’s most significant challenges. They are to be presented to the City Council Tuesday.
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The San Jose Downtown Association is undertaking a nationwide search to replace longtime executive director Scott Knies, who was promoted to chief executive officer last week. Knies will step down Nov. 1, 2022, after 34 years with the organization, as part of a planned succession anticipated in its August 2020 strategic plan.
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