PALO ALTO — A veteran real estate firm’s property shopping spree in Palo Alto has now topped $1 billion with the company’s latest purchase of a choice office campus in the South Bay tech hub, public documents show.
The four buildings together total about 292,000 square feet, according to a brochure circulated by CBRE, a commercial real estate firm that’s been marketing the property. The county documents indicated that Alexandria paid $267.6 million for the buildings and $178.4 million for the ground lease, bringing the total value of the deal to $446 million.
Palo Alto Research & Technology Center, a four-building Palo Alto office complex at 3301 through 3307 Hillview Ave.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
10 billion-dollar disasters of 2021Citing data collected by NOAA, Stackercompiled a list of the 10 most expensive natural disasters in 2021 as of Dec. 1, 2021. In total, there were 18 disasters that cost at least 1 billion dollars in 2021, totaling over 104.8 billion dollars. Read on to find out what states were hit the hardest, and what infrastructure suffered the most. Visit thestacker.com for similar lists and stories.
Source: chicagotribune - 🏆 8. / 91 Read more »
Colorado wildfire destroyed 1,084 homes worth a combined half-billion dollars, new assessment showsThe number of homes destroyed in the Marshall fire now exceeds 1,000 with a total value of more than $500 million, cementing its status as the most destructive wildfire in Colorado history, accordi…
Source: mercnews - 🏆 88. / 68 Read more »
Facebook’s Data Center Plans Rile Residents in the NetherlandsThe country has become a magnet for Big Tech facilities, but locals say they will syphon away all their green energy. Huge waste of money and useless Technology dude :) Sync the Zuckerberg
Source: WIREDBusiness - 🏆 68. / 68 Read more »
We Spotted the Hottest Trends at CES 2022WIRED covered CES from afar, including a live taping of the Gadget Lab podcast. We talk about all the best things we saw at CES, and which consumer technology trends will shape the coming year. Your link seems to be just an advertisement 🥱
Source: WIRED - 🏆 555. / 51 Read more »
Mark Zuckerberg Sold Facebook Stock Nearly Every Weekday Last Year For Almost 11 MonthsAs shares of Facebook–now called Meta Platforms–soared to record highs in 2021, Zuckerberg sold billions of dollars worth of shares–but not quite as much as he sold in 2018.
Source: Forbes - 🏆 394. / 53 Read more »
Before Jon Stewart took on antisemitic goblins, critics called out J.R.R. Tolkien’s orcs and dwarves for racial stereotypesFantasy series are trying to acknowledge a need to address race and representation, and avoid alienating their audiences. After all, fans can get defensive when told that something they have loved and spent money on is racist or sexist, experts say. The heinous representations of Jewish people look like Orcs, not the other way around. Fantasy series should not change anything. Giving in to woke culture is the wrong response. Dismissing them and continuing business as usual is the only acceptable response. Stop apologizing for nothing. It's getting weird. art is an expression of one person's idea. Should not be politicized in this way. If anyone ants to create a galaxy of beings who are a certain way, then do it. Don't force others to do so. It's art not reality.
Source: MarketWatch - 🏆 3. / 97 Read more »