Palo Alto office shopping spree tops $850 million

PALO ALTO — A big Southern California real estate and investment firm has gobbled up its latest in a string of Palo Alto office property purchases, a deal that extends a buying spree in the Silicon Valley tech hub that now tops $850 million.

Alexandria Real Estate, acting through an affiliate, has bought two Palo Alto office buildings on Hillview Avenue near Arastradero Road, acquiring a site that’s in the famed Stanford Research Park.

The deal suggests investors still seek to collect commercial properties in choice and prestigious locations despite the economic uncertainties that the coronavirus has triggered.

The just-purchased buildings have a combined 77,000 square feet, according to Santa Clara County property documents and commercial real estate listing services. SAP, a tech giant, is the tenant in the two buildings.

Pasadena-based Alexandria Real Estate paid $40.5 million for the buildings, county documents filed Oct. 8 show. Alexandria bought only

Read More Read more

Morgan Stanley’s Shopping Spree Sends Stock Markets Higher; Domino’s Gets Cooked

Stocks continued to press higher on Thursday, lifted by optimism among market participants. Investors seem convinced that the federal government will step in to bolster the U.S. economy and that everything will work out fine with the presidential election, the COVID-19 pandemic, and the rest of the long list of worries out there right now. Just before 11:30 a.m. EDT, the Dow Jones Industrial Average (DJINDICES:^DJI) was up 78 points to 28,382. The S&P 500 (SNPINDEX:^GSPC) picked up 19 points to 3,439, and the Nasdaq Composite (NASDAQINDEX:^IXIC) moved higher by 50 points to 11,415.

One of the big laggards in 2020 has been the financial sector, but that hasn’t stopped Morgan Stanley (NYSE:MS) from making a big play to expand its business this year, and its latest deal sent a prominent money manager’s stock soaring. Meanwhile, Domino’s Pizza (NYSE:DPZ) has been a favorite among consumer stocks, but its share price

Read More Read more

You Could Win a $1,000 Shopping Spree from the Veterans Canteen Service

The Veterans Canteen Service is offering vets enrolled in Department of Veterans Affairs health care, their families and VA employees a chance to win the grand prize of a $1,000 shopping spree just in time for the holidays.

To enter the contest, just create a free account with No purchase is necessary.

The Veterans Canteen Service (VCS) has physical locations at many VA medical centers, and its online store at offers name-brand savings on everything from sunglasses to tires to electronic goods.

Besides its normal discounted prices on products, the VCS also offers sales-tax free shopping.

Anyone who creates a free account at from now until the end of October will be automatically entered into the contest for a chance to win one $1,000 shopping spree.

Besides the wide array of products offered online, the VCS sells a huge collection of apparel and gear that honors your

Read More Read more