office space

Silicon Valley Business Journal reports that YouTube has acquired a massive new office park near its current San Bruno headquarters. The Bayhill Office Center comes in at 553,328-square-feet and consists of five buildings. YouTube paid $215 million for it, which comes out to around $388 per square foot. Youtube acquired the space from Hudson Pacific Properties, which purchased it from Blackstone Equity Office just last year.

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The Wall Street Journal is reporting that Samsung is planning to soon create a large office in New York City. Located in Manhattan, the office would be “one of the largest” corporate expansions in New York City in recent years. Citing “multiple real estate executives familiar with the search,” the report claims that Samsung has recently started reaching out to landlords and developers in New York City. The inquires have been about obtaining 1 million square feet of space, which would hold between 5,000 and 7,000 employees.

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Google reportedly purchased six office buildings from Starwood Capital Group LLC and Blackstone Group LP for $585 million, according to Bloomberg. The facilities are located at the Pacific Shores Center office park in Redwood City, California and are about 11 miles away from the search giant’s Mountain View headquarters.

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