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Salesforce to reopen S.F. headquarters in May, starting with vaccinated workers FacebookTwitterEmail 1of4 From upper right, clockwise: Salesforce East, Salesforce West, Salesforce Tower, 181 Fremont and Millennium Tower. Salesforce plans to reopen its Salesforce Tower offices in mid-May.Roland Li / The ChronicleShow MoreShow Less 2of4 Salesforce plans to reopen its Salesforce Tower offices in mid-May.Roland Li / The ChronicleShow MoreShow Less 3of4 Salesforce plans to reopen its Salesforce Tower offices in mid-May.Roland Li / The ChronicleShow MoreShow Less 4of4 Salesforce will reopen its San Francisco headquarters in mid-May, starting with employees who have been vaccinated, the company said Monday. The tech company, which is the city’s largest private employer, is taking a different approach than other businesses by requiring proof of vaccination for its first volunteers returning to offices. It appears to be the first major Bay Area com ....
Skip to main content S.F. loses status as most expensive U.S. office market, dropping below Manhattan after five years on top FacebookTwitterEmail 1of2 A single car drives west on the San Francisco Oakland Bay Bridge on April 01, 2020 in San Francisco, California. The city has dropped to second-most expensive U.S. office market after five years on top.Justin Sullivan / Getty ImagesShow MoreShow Less 2of2 The Manhattan skyline is seen at sunrise from the 86th floor observatory of the Empire State Building on April 3, 2021.ANGELA WEISS / AFP via Getty ImagesShow MoreShow Less San Francisco has lost its status as the country’s most expensive office rental market, with asking rents falling below Manhattan for the first time in five years. ....
Salesforce paid no federal income tax in 2020 despite $2.6 billion in profit FacebookTwitterEmail Salesforce CEO Marc Benioff supported Proposition C, a 2018 San Francisco measure which raised the company’s city taxes. Salesforce said in 2019 that it took no position on federal tax cuts.Jessica Christian / The Chronicle 2018 Salesforce, San Francisco’s largest private employer, was among 55 major U.S. companies that paid no federal income taxes in 2020, according to a new report. The cloud computing giant had $2.6 billion in net income in its 2021 fiscal year ending on Jan. 31, according to Securities and Exchange Commission filings. Instead of paying around half a billion dollars in taxes based on the corporate tax rate of 21% the company is receiving a $12 million refund, according to the Institute for Tax and Economic Policy, a non-partisan think tank that issued the report. ....
S.F. approves $1 billion Transbay tower, construction planned despite Salesforce s canceled lease FacebookTwitterEmail A rendering of the planned Parcel F tower, which San Francisco approved on Tuesday.Steelblue / San Francisco supervisors approved on Tuesday an 806-foot tower that will be the city’s fourth-tallest building, the culmination of a four-year process that included a fight over shadows and an office lease that was canceled by Salesforce after the pandemic popularized remote work. Supervisors voted 10-1 to confirm the Parcel F project at 542-550 Howard St. next to the Transbay transit center. A routine second vote affirming the decision is scheduled next week. ....
140 acres in Marin County once owned by Genentech co-founder being sold at auction FacebookTwitterEmail 1of3 King Mountain Estate in Marin County is being sold at auction.Mark ParrottShow MoreShow Less 2of3 King Mountain Estate in Marin County is being sold at auction.Mark ParrottShow MoreShow Less 3of3 King Mountain Estate in Marin County is being sold at auction.Mark ParrottShow MoreShow Less The 140-acre King Mountain Estate in Marin County is going to auction in the Bay Area’s latest mega-sales effort, testing the strength of a market that buyers have flocked to during the pandemic. There is no reserve for the undeveloped property, which sits high above Larkspur and about a dozen miles from the Golden Gate Bridge by car. It last had an asking price of $25 million, down from $39 million in 2015. ....