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News and thoughts from our staff

 
Group led by Shoe Palace CEO buys big South Bay advanced tech building

Group led by Shoe Palace CEO buys big South Bay advanced tech building

By Brittney Sherman

A large advanced manufacturing facility in Morgan Hill was purchased for $22 million—more than 50% below its 2022 price—by a group led by Shoe Palace CEO George Mersho. The property at 755 Jarvis Avenue was previously owned by a Westbrook Partners affiliate. CBRE brokers Chip Sutherland and Brian Matteoni arranged the deal, part of a broader trend of discounted commercial property sales in the Bay Area.

Read more HERE

 

City of Morgan Hill Contracts with Renaissance Entrepreneurship Center to Provide Business Support Services

By Brittney Sherman

The City of Morgan Hill launches business support services to Morgan Hill entrepreneurs, startups, and small businesses. Through a partnership with Renaissance Entrepreneurship Center and the Morgan Hill Unified School District, emerging and established entrepreneurs will receive expert advice, hands-on training, and continuous guidance to help them develop, launch, and grow their ventures. By participating in a combination of tailored mentoring and practical workshops offered in both English and Spanish, participants will gain the knowledge and tools necessary to navigate today’s ever-changing market dynamics

Sign-up HERE!

 
Consumers are favoring dollar store, ecommerce channels for snack purchases

Consumers are favoring dollar store, ecommerce channels for snack purchases

By Brittney Sherman

According to Circana’s latest Snack Unwrap report, nearly half (48.8%) of consumers now eat more than three snacks a day—up 2.7 percentage points from 2024. Protein remains a key factor, with over half of consumers seeking snacks that offer it. Although many categories like chocolate and chips have seen declines in unit sales, certain segments (e.g., dried meat snacks, nutritional bars, and frozen items) have grown, with yogurt seeing the biggest jump at 4.9%.

 
Morgan Hill Library’s new children’s space opened April 26th

Morgan Hill Library’s new children’s space opened April 26th

By Brittney Sherman

The Morgan Hill Library opened its new children’s play space, Trusty Trails, on April 26. The Santa Clara County Library District hosted a grand opening celebration with special guests, giveaways, and the launch of a new library card featuring the play space mascot, HikerBot. Trusty Trails is a bright, inclusive area for children ages 0–10 that promotes early literacy by encouraging talking, singing, reading, writing, and playing.

Read more HERE!

 
US 'probably in recession right now,' BlackRock CEO says; Biotech construction drops; Freight business seen declining

US ‘probably in recession right now,’ BlackRock CEO says; Biotech construction drops; Freight business seen declining

By Brittney Sherman

BlackRock CEO Larry Fink and JPMorgan Chase CEO Jamie Dimon warned Monday of significant economic slowing due to sweeping trade tariffs, with Fink noting many CEOs think the U.S. is “probably in a recession right now.” Dimon cautioned that higher prices could strain an economy already losing steam. Uncertainty continues as markets fluctuate based on the latest news, with the Dow recently losing over 349 points amid tariff-related volatility.

 
Why Grocery Is Still A Winning Bet For Retailers And Investors

Why Grocery Is Still A Winning Bet For Retailers And Investors

By Brittney Sherman

Although consumers spent more on restaurants than groceries in 2024, grocery store foot traffic still climbed 10.9% from 2019, revealing that people are shopping smarter rather than less. Shoppers are visiting multiple grocers, comparing prices, and gravitating toward private-label and discount options. Grocers are responding by refining strategies, including discounter and omnichannel expansions, as they compete for a larger share of consumers’ wallets.

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