Google has reportedly spent $820 million on properties in Silicon Valley

New York Weekend Edition /
Jul.July 30, 2017 10:19 AM

Google has reportedly bought 52 properties in Sunnyvale, California for a total of $820 million in an effort to expand its operations, according to a report from the Silicon Valley Business Journal.

The purchase is reportedly meant to “fill in gaps between multiple smaller campuses in Sunnyvale that Google has purchased or leased in recent years,” as the small city is located right next to Mountain View, where the search giant has its main headquarters.

A month ago, Google won exclusive rights to negotiate with the city of San Jose, which granted it the chance to buy 16 tracts of land, CNBC reported, and together with its real estate development partner Trammell Crow they have already spent $100 million (£76.4 million) buying parcels in the city.

The idea is to ultimately branch out there and have employees spread out from Mountain View — where Google is building a new main campus — to San Jose through Sunnyvale, as the 72,000 strong staff is reportedly going to get even bigger as the firm seeks to sustain its growth.


Related Articles

arrow_forward_ios
Publicly traded firms now own $1.64T of US real estate
Publicly traded firms now own $1.64T of US real estate
Publicly traded firms now own $1.64T of US real estate
Google CEO Sundar Pichai and St. John’s Terminal at 500 Washington Street (Getty, COOKFOX Architects)
Google’s $2B deal spurs optimism for NYC’s pandemic-battered office market
Google’s $2B deal spurs optimism for NYC’s pandemic-battered office market
Google CEO Sundar Pichai (Getty/Illustration by Kevin Rebong for The Real Deal)
Google says it won’t claim NYC tax breaks
Google says it won’t claim NYC tax breaks
A rendering of St. John's Terminal with Google CEO Sundar Pichai (COOKFOX Architects, Getty)
Google shatters pandemic record in $2.1B office purchase
Google shatters pandemic record in $2.1B office purchase
Google CEO Sundar Pichai and renderings of the project (Getty, Google)
Google gets go-ahead to build mega-campus
Google gets go-ahead to build mega-campus
Google CEO Sundar Pichai (Getty, iStock)
Google’s hybrid model will allow 20% of employees to work remotely
Google’s hybrid model will allow 20% of employees to work remotely
Google CEO Sundar Pichai (Getty; iStock)
Google pushes back employees’ return to offices
Google pushes back employees’ return to offices
From left: Google's Sundar Pichai, Facebook's Mark Holliday, and Factory_OS's Rick Holliday and Larry Pace (Getty; Factory_OS; iStock)
Facebook, Google back modular housing startup
Facebook, Google back modular housing startup
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...