A prominent San Jose casino property is now firmly in the hands of a Bay Area business executive following a $70 million-plus deal among family members for the purchase of the real estate.
The north San Jose property where Bay 101 Casino operates has been bought for $71.7 million, according to documents filed on July 1 with the Santa Clara County Recorder’s Office.
Sutter’s Place Inc., whose chief executive officer is Timothy Bumb, now owns the casino property.
S.J. Bayshore Development, a group whose primary executives are Brian Bumb and Timothy Bumb, sold the casino to the Timothy Bumb-led Sutter’s Place company.
