Cisco and IBM are laying off hundreds in the Bay Area, targeting various locations, with the largest cuts at Cisco's San Jose headquarters. The companies are restructuring to focus on AI and cybersecurity.

Milan Capital Management bought The Plant, a retail center in San Jose, for $95 million, indicating strong investor confidence in revitalizing the property. The center spans 650,500 sq ft and is historically significant.

IKEA announces a new, smaller "Plan & Order Point with Pick-up" store in Colma, geared towards personalized consultations for home projects, with no immediate takeaway purchases.