Despite high salaries, Santa Clara County ranks low nationally in discretionary income

Trove Technologies Inc. recently released a study revealing that California ranks third worst among states in discretionary income, despite boasting the fourth highest salaries.

Santa Clara County, along with five other California cities – San Francisco, Sacramento, Riverside, Los Angeles and San Diego – ranks among the bottom 10 major areas nationwide for discretionary income.

Former Los Altos hedge fund manager Sangeeth Peruri collects major settlement from employer


 

To this day, Sangeeth Peruri doesn’t know why he was fired.

“You’re going to work every day, then you stop going to work,” said the Los Altos resident last month. “How do you explain to your kids why you don’t have a job anymore?”

Mtn. View's World Savings Plaza on the market

World Savings Plaza, the Mountain View shopping center at the intersection of San Antonio Road and El Camino Real anchored by Sprouts Farmers Market, is up for sale.

Marcus & Millichap will serve as exclusive adviser for the sale of the 2.8-acre, 34,700-square-foot center, which houses a mix of national retailers and local tenants.

The face of San Antonio Road set to evolve in coming months


Megan V. Winslow/Town Crier
High rises loom over familiar views of the Milk Pail Market and Jo-Ann Fabrics and Crafts as construction continues apace at The Village at San Antonio Center in Mountain View.

Phase 2 of the high-profile Village at San Antonio Center continues to move toward a 2018 completion, according to a representative from the developer, the San Francisco-based Merlone Geier Partners.

The center, located on 20 acres at San Antonio Road and El Camino Real, already has a Safeway market, restaurants, assorted retail and 330 housing units, all completed in Phase 1. Still to come are another 80,000 square feet of restaurants and retail, a high-rise 167-room hotel, a 10-screen movie theater complex, a parking structure accommodating nearly 1,400 spaces and an estimated 450,000 square feet of new office space.

Insider trading arrest alleges local CEO traded using family accounts

A Los Altos man arrested last week on charges related to insider trading allegedly traded his company’s stock based on nonpublic information he obtained on the job.

The U.S. District Attorney’s office charged Peter C. Chang, 59, with securities fraud and fraud in connection with a tender offer, estimating that he generated illegal profits in excess of $800,000.

Realtor groups partner with Housing Trust to help first-time homebuyers with $5K grant

Two local realtor associations are joining forces with Housing Trust Silicon Valley to provide $100,000 for closing costs to qualified first-time homebuyers. Housing Trust Silicon Valley will administer the Housing Affordability Fund First-Time Homebuyer Grant.

The Silicon Valley Association of Realtors and the Santa Clara County Association of Realtors saw an unmet need in assisting first-time homebuyers. The associations applied for and received a $100,000 grant from the California Association of Realtors Housing Affordability Fund. The Silicon Valley Realtors Charitable Foundation and the Santa Clara County Realtors Foundation, the charitable arms of the realtor groups, are both contributing the necessary operational funds to implement the grant.


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