Search giant Google is rumored to have reached an agreement to acquire the web coupon site Groupon for $2.5 billion. It will be the company’s largest acquisition since purchasing the ad company DoubleClick for $3.1 billion in 2008. The report, reportedly from a Google insider, has not been confirmed by Google.
News
Three local teens were arrested after going on a vandalism spree in Los Gatos last week. They had been causing havoc in the town, egging cars and smashing their windows. According to police eyewitness, the teens went on to shatter landscaping lighting outside local residences. Altogether, seven kids were involved in the vandalism, causing over $1,000 in damages.
For most teens, getting a job in water means a stint as a lifeguard at a local pool. The Santa Clara Valley Water District Board wants to change all that. They’re hoping to appoint some youths to several of its Advisory Boards. The Water District says that the decision is an extension of its Youth Stewardship Commission program.
Stanford football vaults to No. 4; Oliver’s 35 points just enough to edge Riverside; Stanford women’s soccer rolls to College Cup; Heatley spearheads Sharks victory; Louisiana Tech beats SJSU football.
Five reasons to look forward to the work week: Painters Workshop, Brian Scolaro, Triple Ho Show, Willow Glen Ladies’ Night, Tortured Soul.
While much of real estate news focus has been on foreclosures and upside-down mortgages, a big-picture look at the market in San Jose is a bit less gloomy, and kind of interesting. As of this week, there were 1,680 single-family homes for sale in San Jose. Of these, 33 were new listings, so even though we’re moving toward winter there is still new inventory coming online.
Booger Kids started out as a way for San Jose streetwear impresarios Ryan Mante and Michael Ngo to loosen up their design aesthetic and have a little fun. While Mante’s other local urban-lifestyle company, Breezy Excursion, tends toward more subdued styles, the humorously named Booger Kids gets into a wearer’s face with edgy, decidedly salacious spins on ’80s cartoon characters.
Are you buying your kids a bike this Christmas? Don’t worry about getting a license for it. City Council is expected to drop the bicycle license requirement at its weekly meeting this Tuesday. Bicycle licenses have been in place in San Jose since 1974. They were originally intended to build a database of all the bicycles in the city, and to make it easier to track down bikes when they get stolen.
Christmas in the Park opened this weekend, but a shortage of funds endanger next year’s event. At the opening ceremony Martie DeGutis warned that if her group cannot come up with $200,000 for Christmas in the Park 2011, this may be the last year that the event is held. She called on visitors to donate a dollar to keep the San Jose tradition alive.
Now under new management, the troubled Three Sixty residential tower is to turn the building from condos into rental units. US Bank, which owned the primary loan that financed the building’s construction, recently sold the note to real estate investment firm Kennedy Wilson, Inc. Kennedy Wilson is now expected to foreclose on the project and take over its management.
