A Woodside man who is on trial for allegedly murdering his wife to cash in on $30 million worth of insurance money admitted he faced financial ruin in the days before her death.
Pooroushash “Peter” Parineh, 67, took the witness stand Monday in his own defense in San Mateo County Superior Court.
Parineh said his real estate holdings before 2007 were worth an estimated $150 million, but by early 2010, they were worth only a few million dollars.
Five properties — including the family home in an exclusive neighborhood in Woodside — were in foreclosure, Parineh said. Read More
Revenue projections show that the Port of San Francisco could take a fiscal bath on the new Pier 27, but officials insisted Monday that those losses can be offset through passenger spending at local businesses.
Built with $53.7 million in bond money, the James R. Herman Cruise Ship Terminal is scheduled to take its first boatload of visitors in August 2014, according to Elaine Forbes, the Port’s deputy director of finance. Read More
Catching a glimpse of the new tiger cub or any of the other exotic animals at the San Francisco Zoo could soon be a bit more expensive.
Admission fees are slated to increase $2, with prices for San Francisco residents poised to go from $12 to $14. Fees for nonresidents could be raised from $15 to $17, while rates for seniors are slated to go up from $7.50 to $9.50. And for children 4 to 14 years old, the cost could rise from $5.50 to $7.50. Read More
Organizers of a bid to have the 49ers host Super Bowl L in 2016 announced Monday that they have already raised more than $30 million for the event and will contribute a quarter of that total to local charities.
Members of the Bay Area Super Bowl Bid Committee made the announcement as they prepare to make a presentation to the 32 NFL owners at a meeting in Boston on May 21. The committee last week submitted its bid to the owners to have the Super Bowl at the 49ers’ new $1.2 billion stadium in Santa Clara in 2016. Read More
Bike rentals in city parks got off to a rough start when one location was overrun by an Occupy San Francisco encampment, city officials said. But now with an expansion planned for Ocean Beach and an additional Golden Gate Park location, the Recreation and Park Department hopes to improve the experience in The City.
In March 2011, a five-year lease was approved by the Board of Supervisors between Rec and Park and Parkwide Activities LLC to operate bike rental locations in public parks. Read More
Nonprofit institutions and other local organizations will be able to use the new conference center at the renovated Lake Merced Boathouse, but it will come at a cost.
Part of a $2 million rehabilitation project set to begin at the end of this month, the conference center will have room to host 85 people for meetings and 50 people for catered events. Once the site is reopened this fall, the Recreation and Park Department, which owns the property, wants to begin renting out the conference room. Read More
A multiunit condo development in Hayes Valley broke ground earlier this month, adding another element to the Market and Octavia Area Plan that’s aimed at making the neighborhood more inviting.
The 8 Octavia Blvd. development is expected to have 47 housing units — including one- to three-bedroom condos and one- and two-bedroom townhouses — along with ground-level retail and residential parking, according to developers. Read More
Music lovers wanting to hear live tunes without going to a concert or club or leaving the comfort of their home can use new computer apps that connect them to events in venues around the world.
“Going to a concert is about the music. But it’s also about the shared experience of watching that music with all these other people,” said Judy Estrin, the chief executive of Redwood City-based company Evntlive.
Evntlive streams concerts of well known and indie artists on its namesake Web app, which was launched last month and is accessible on mobile devices. Read More
The nursing community has set up a fund to help the families of five women who were killed in a fiery crash on the San Mateo Bridge this month as they headed to a bridal party in Foster City.
The California Nurses Association and National Nurses United have established the CNA Nursing Angels Family Fund to which anyone can make a donation to benefit the families of the women who died while celebrating the marriage of Neriza Fojas, 31, of Monterey.
The former Bay Area resident was a nurse at the Community Regional Medical Center in Fresno. Read More
One way to make Apple CEO Tim Cook uncomfortable is to mention the labor conditions at Foxconn, the tech company’s China-based manufacturer. Ben Field knows that, which is why he broached the subject at a recent Apple shareholders meeting.
But Field, who serves as an executive officer for the South Bay Labor Council, wasn’t actually that interested in Apple’s efforts to improve overseas working conditions, which Cook defended vigorously. He’s more interested in the company’s treatment of workers at home. He’s trying to unionize them to demand better pay and benefits. Read More