What better Christmas present for San Ramon, California than Wednesday's announcement by GE that it has chosen Bishop Ranch in San Ramon for the site of it's billion dollar technology center that will be staffed by 400 software engineers.
This present has it all - increased occupancy for Bishop Ranch, new jobs for San Ramon, new residents that will need to buy homes in San Ramon, more retail dollars spent in the area, more, more more.
GE employees moving into San Ramon will find favorable home prices in the area. With interest rates remaining at record lows and the local housing market reaching the bottom of its decline, this is a great time to biuy a home in San Ramon.
"GE could be providing one of the seedlings for a new industrial age," said Rob Enderle, a San Jose-based technology market researcher. "We will move from the current generation of unintelligent machines to ones that are interconnected and smart."
GE offered several examples of the kinds of projects that the center, which will be based at San Ramon's Bishop Ranch complex, will undertake. It might help health care providers use a web of machines and software to more quickly identify and treat ailments, assist power systems in becoming more intelligent to slash customer energy costs, or provide systems in which aircraft and locomotive engines could alert engineers about needed maintenance or repairs.
General Electric is moving into Bishop Ranch 3. These are 400 new positions for GE.
Given the amount of people from the high-tech industry that we have met over the years at Experience Unlimited and CPC's Job Connections, this may be a Christmas present of epic proportions for some of San Ramon's job seekers.
Home Buyers - You can get more specific details on homes in your price range by emailing Craig and requesting a Real Estate Pricing Specific Trend Report - be sure to specify a zip code and price range.
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