Yahoo to Move San Francisco Offices to Chronicle Building

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Yahoo Inc. said it will take space at Hearst Corp.’s San Francisco Chronicle building in the city’s South of Market neighborhood, putting it closer to an area of rapid growth that’s home to technology companies.

Yahoo, operator of the biggest U.S. Web portal, will move its San Francisco workers from a financial district high-rise to an undisclosed amount of space at the property, according to a post today on its Tumblr website. The Sunnyvale, California-based company plans to increase hiring in the city, said Jacqueline Reses, Yahoo’s chief development officer.