San Jose's Japantown Properties Lost to New Owner Amid Economic Uncertainty
Jordan Trigg, a local merchant, has lost ownership of four properties in San Jose's Japantown after a former owner struggled financially. The properties, located on East Taylor Street, were acquired by Joe Jean, CEO of J&J Acoustics, through an affiliate.
Trigg and his wife, Rina, had co-owned several businesses in the area but cited a sour economic climate as a major factor. "We are still in a super-deep hole financially," Trigg said. A GoFundMe campaign was launched to support the couple's businesses.
The transfer of ownership came after a foreclosure proceeding on one of the properties, which also included Jack's Bar. The bar remains operational, while the other vacant sites on the block are now owned by Jean's affiliate.
San Jose Mayor Matt Mahan acknowledged the challenges faced by business owners in the city, stating that California has a "horrible business climate" and San Jose is not business-friendly. Mahan called for improved support for entrepreneurs and proposed streamlining historical review processes to reduce regulatory burdens.
However, Trigg expressed skepticism about the city's willingness to help, saying "We've gotten no help from the city." The couple's struggles highlight the difficulties faced by small businesses in navigating San Jose's complex regulations and red tape.
Jordan Trigg, a local merchant, has lost ownership of four properties in San Jose's Japantown after a former owner struggled financially. The properties, located on East Taylor Street, were acquired by Joe Jean, CEO of J&J Acoustics, through an affiliate.
Trigg and his wife, Rina, had co-owned several businesses in the area but cited a sour economic climate as a major factor. "We are still in a super-deep hole financially," Trigg said. A GoFundMe campaign was launched to support the couple's businesses.
The transfer of ownership came after a foreclosure proceeding on one of the properties, which also included Jack's Bar. The bar remains operational, while the other vacant sites on the block are now owned by Jean's affiliate.
San Jose Mayor Matt Mahan acknowledged the challenges faced by business owners in the city, stating that California has a "horrible business climate" and San Jose is not business-friendly. Mahan called for improved support for entrepreneurs and proposed streamlining historical review processes to reduce regulatory burdens.
However, Trigg expressed skepticism about the city's willingness to help, saying "We've gotten no help from the city." The couple's struggles highlight the difficulties faced by small businesses in navigating San Jose's complex regulations and red tape.