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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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.
office space Stories August 26, 2014
Google is considering the possibility of opening up a new office space in a Los Angeles airplane hangar owned by Howard Hughes in the 1940s, according to the Wall Street Journal. The building was once used for airplane construction, but was later used as a filming location for movies such as Michael Bay’s recent Transformers and Roland Emmerich’s Independence Day.
Aside from film production crews, the 300,000 square-foot building, which is located north of LAX, has been mostly vacant since the 80s. The real estate development firm that currently owns the property has been searching for a company to use it for offices for about four years now, and the unconventional design seems to fit right in with Google’s tastes.