A tech titan that has been trimming Bay Area jobs has spent hundreds of millions of dollars to buy several East Bay office buildings.
FREMONT — A tech titan that has been trimming Bay Area jobs has spent hundreds of millions of dollars to buy several office buildings in the East Bay that the company has been leasing.
In each instance, Lam Research had been leasing the buildings from the seller. MUFG Americas Capital Leasing & Finance sold the buildings to Lam Research, according to the property records. In 2007, according to regulatory filings by Lam Research and Alameda County records, BNP Paribas Leasing bought office buildings in Fremont and Livermore from Lam and then leased them back.
The buildings and surface lots that Lam bought had a combined assessed value of $203.7 million at the end of June, which suggests that the values of the buildings as a group are on the rise.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lazy Dog’s bid to locate in East Bay city approvedLazy Dog is known for its mountain-inspired design, along with an array of comfort foods
Read more »
30+ Bay Area Halloween happenings, haunts and festivals for 2023With October upon us, ghouls and ghosts are soon to descend on the Bay, and there’s no shortage of eerie events to brave. Here’s a spooky sampling of local ways to get your Halloween th…
Read more »
Bay Area Halloween 2023: Where to find spooky treats, best bets & good scaresLooking for some ghastly good times? Here’s our guide to what’s happening this Halloween season in the Bay Area and beyond.
Read more »
Bay Area high school football 2023: Week 6 preview, scheduleFour Top 10 matchups highlight the schedule, led by No. 1 Serra playing host to No. 10 St. Francis and No. 4 Pittsburg visiting No. 6 Los Gatos.
Read more »
Stephen Curry to Produce Upcoming Documentary on Bay Area Rap Legend Mac Dre: ExclusiveThe project will highlight the Bay Area rapper’s impact on hip-hop and vital role in ushering the “hyphy” movement in the early 2000s.
Read more »
Opinion: What billionaires planning Bay Area city can teach us about housingEffort should be applauded for revealing a truth about California’s failed housing policies.
Read more »