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Silicon Valley real estate
fromSFGATE
6 days ago

Google grabs another big office for $435M Bay Area cluster

Google purchased a $25.2 million office building in San Jose's Alviso district, expanding its nine-building campus as part of its multi-year Meadow Point development project.
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fromwww.mercurynews.com
6 months ago

$210 million South Bay tech campus purchase points to weaker values

The $210 million price is roughly half, or 47.7% below, the property's assessed value of $401.9 million. The new owners paid 31.2% less than the $305.1 million that the seller, Clarion Partners, paid for the site in 2015. The deal shows that even the presence of tech company Applied Materials as a tenant doesn't guarantee immunity from the economic maladies that have come to afflict the Bay Area office market.
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