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Aside from everything else rightfully pointed out in this thread - the other interesting bit is that it's likely that their investment in commercial real estate
by mbesto 9y ago
Aside from everything else rightfully pointed out in this thread - the other interesting bit is that it's likely that their investment in commercial real estate will net a pretty massive return. I can't think of many places in the Bay that are better for a large office that can hold 100's of employees.
For reference, the HQ they built in PA: https://www.google.com/maps/place/1701+Page+Mill+Rd,+Palo+Alto,+CA+94304/@37.4088252,-122.1537814,3a,75y,145.99h,83.72t/data=!3m7!1e1!3m5!1sSa9Do8oPZ7jhSbrBHYOkEw!2e0!6s%2F%2Fgeo3.ggpht.com%2Fcbk%3Fpanoid%3DSa9Do8oPZ7jhSbrBHYOkEw%26output%3Dthumbnail%26cb_client%3Dsearch.TACTILE.gps%26thumb%3D2%26w%3D392%26h%3D106%26yaw%3D126.308975%26pitch%3D0%26thumbfov%3D100!7i16384!8i8192!4m5!3m4!1s0x808fbabdef9cac33:0xf011ccf019f54d02!8m2!3d37.408248!4d-122.152764 https://www.google.com/maps/place/1701+Page+Mill+Rd,+Palo+Al...
- 2YwaZHXV 9y agoThey didn't actually build it. Stanford owned the land and building (and built most of it) while Theranos paid for internal improvements. Stanford also recently sold the property (maybe a year or so ago) and 1701 is available for lease now.
- mbesto 9y agoOh wow, TIL. I thought they had bought it from HP.
- 2YwaZHXV 9y agoIt was actually a Wall Street Journal building before it was torn down to build the building Theranos moved into. Theranos was previously in 1601 California Ave (the old Facebook building), which was previously HP/Agilent.