Office tower on hold
Completion of a $300 million two-tower ofﬁce and retail space project onthe heel of San Bruno Mountain waspostponed due to leasing problems, itwas announced the week of Jan. 3,2014.San Francisco-based MyersDevelopment made the postponementannouncement days before the 12-story tower, which began develop-ment in April 2008, was set to be com-plete. Postponing construction of thesecond tower was prudentin the economic cli-mate, said Jack Myers,chairman and CEO of Myers DevelopmentCompany.“With lease negotiations, ourprogress is slower than we wouldlike,” he said. Building a second build-ing without leasing the ﬁrst seemedlike a bad decision, Myers said.
Visa moves headquarters to S.F.
Foster City’s largest employer, VisaUSAInc., signed a 10-year lease tomove its headquarters to SanFrancisco, it was announced the weekof Jan. 3, 2009.Visa was moving its headquartersinto the top three ﬂoors at 595 MarketSt. in San Francisco. The move meantthe company’s administrative ofﬁceswere moving to San Francisco butother employees were to remain inFoster City.
Manufacturing index drops to 28-year low
The week of Jan. 3, 2009, signsgrew that the economycould turn even weaker,as an index of Decembermanufacturing activitysank to its lowest point in28 years. Every corner of thesector was down, from bakeries to cig-arette-makers to aluminum smelters.The Institute for SupplyManagement, a trade group of purchas-ing executives, said on Friday of thatweek that its manufacturing index fellto 32.4 in December, a greater-than-expected decline from November’sreading of 36.2. Wall Street econo-mists surveyed by Thomson Reutershad expected the reading to fall to35.5.December’s reading was the lowestsince June 1980, when the economywas near the end of a six-month reces-sion.
Office rents dropping as vacancies up
The state of the economy and subse-quent downsizing of businesses on thePeninsula had office space vacancyincreasing with rents dropping, theweek of Jan. 3, 2009.The Peninsula’s softening officespace market continued in the thirdquarter of 2008. As a result,the market gained nearly156,000 square feet of ofﬁcespace, pushing vacancy ratesto 13.1 percent, according to a reportreleased that week by Grubb and Ellis,a worldwide commercial real estatecompany based in San Francisco.San Mateo’s vacancy rate was 16.2percent and rents ranged from $4.25for Class Aspace to $3.50 for Class Bspace, according to the Grubb and Ellisreport.
From the archives highlights stories origi-nally printed ﬁve years ago this week. Itappears in the Friday edition of the DailyJournal.
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Actor-director MelGibson is 58.
This Day in HistoryThought for the Day
Alaska became the 49th state asPresident Dwight D. Eisenhowersigned a proclamation.
“No one asked you to be happy.Get to work.”
— Colette,French author (1873-1954)
Musician JohnPaul Jones is 68.NFL quarterback Eli Manning is 33.
A zoo worker counts penguins at the London Zoo.
: Sunny. Highs in the mid 60s.East winds 5 to 10 mph... Becomingnorth in the afternoon.
Mostly clear. Lows in theupper 40s. Northeast winds around 5 mphin the evening...Becoming light.
: Sunny in the morning thenbecoming partly cloudy. Highs in thelower 60s. East winds 5 to 10 mph.
Mostly cloudy. Lows in the mid to upper40s. North winds 5 to 10 mph...Becoming east after mid-night.
Mostly cloudy in the morning then becomingpartly cloudy. Highs in the lower 60s.
: Partly cloudy. Lows in the 40s.
Mostly cloudy. Highs around 60.
Local Weather Forecast
, Martin Luther was excommunicated from theRoman Catholic Church by Pope Leo X.
, Gen. George Washington’s army routed theBritish in the Battle of Princeton, N.J.
, more than two weeks before Georgia seceded fromthe Union, the state militia seized Fort Pulaski at the orderof Gov. Joseph E. Brown. The Delaware House and Senatevoted to oppose secession from the Union.
, groundbreaking took place for the BrooklynBridge.
, the ﬁrst postal savings banks were opened by theU.S. Post Ofﬁce. (The banks were abolished in 1966.)
the March of Dimes campaign to ﬁght polio wasestablished by President Franklin D. Roosevelt, who him-self had been afﬂicted with the crippling disease.
in a pair of rulings, the U.S. Supreme Court saidthat states had the right to ban closed shops.
the ﬁrst six members of the newly formed U.S.Commission on Civil Rights held their ﬁrst meeting at theWhite House.
, Jack Ruby, the man who shot and killed accusedpresidential assassin Lee Harvey Oswald, died in a Dallashospital.
Apple Computer was incorporated in Cupertinoby Steve Jobs, Steve Wozniak and Mike Makkula Jr.
conservationist Joy Adamson, author of “BornFree,” was killed in northern Kenya by a former employee.
ousted Panamanian leader Manuel Noriega surren-dered to U.S. forces, 10 days after taking refuge in theVatican’s diplomatic mission.
Ten years ago
: ABoeing 737 owned by Egyptian chartertour operator Flash Airlines crashed into the Red Sea, killingall 148 people aboard, most of them French tourists.
(Answers tomorrow)STUNG DROLLPRANCE OUTLAWYesterday’sJumbles:Answer:Trading in his old cell phone for a new onewas — AGOOD CALLNow arrange the circled letters to form the surprise answer, assuggested by the above cartoon.
THAT SCRAMBLED WORD GAME
by David L. Hoyt and Jeff Knurek
Unscramble these four Jumbles,one letter to each square,to form four ordinary words.
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J u m b l e p u z z l e m a g a z i n e s a v a i l a b l e a t p e n n y d e l l p u z z l e s . c o m / j u m b l e m a g s
The Daily Derby race winners were Whirl Win,No.6,in ﬁrst place;Eureka,No.7 in second place;and Gold Rush,No.1,in third place.The race timewas clocked at 1:44.60.
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