Real Estate Developer, Lawyer, 2 Former Bankers Indicted On Loan Fraud Charges Involving Sonoma Valley Bank
A North Bay real estate developer, a lawyer and two former bank executives have been indicted in federal court in San Francisco and arrested on charges of loan fraud in a case involving the now-failed Sonoma Valley Bank.
Luke Arduini, 28, posted photos of his night online before taking an Uber car to his apartment in Oakland. That was the last time anyone has heard from Arduini. There is evidence he made it home, but where he went after that is a mystery.
A Bay Area developer is making Palo Alto an offer the city may not be able to refuse. It involves footing the bill for construction of a new, $65 million police headquarters.
The contribution marks the first installment of $37.5 million dedicated for those purposes, and Mayor Ed Lee, who spoke at a ceremony at City Hall Thursday morning celebrating the donation, said he intends to ensure that promise is met.
The landmark Sainte Claire Hotel has been sold to real estate developer Lew Wolff, a purchase other developers and local officials see as emblematic of the growing vitality of downtown San Jose.