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It's been a while for me but I recall that a significant amount of the real estate already existed. I worked in a number of buildings in MTV, starting before th
by igetspam 5y ago
It's been a while for me but I recall that a significant amount of the real estate already existed. I worked in a number of buildings in MTV, starting before the SGI retrofit. Most were old and had little done to them. There was new construction (mYbe the Zurich office, with Urs' apartment on top?) but way more remodeling. I know they built the housing near moffet but how much other real estate did they really do from the ground up? And how a big of a dent is that? (I'd eager there's some tax magic there too.)
My point is, G can afford the losses on selling some buildings and have unused capacity without hurting their stock price.
- celestialcheese 5y agoGoogle has something close to $50B in real estate holdings. They announced $7B in real estate spending in 2021. [1] That press release reads more like a "head of state" spending in key constituent areas for some policy changes needed. Shovels in dirt wins politicians, and Google needs all the help it can get with the looming antitrust issues. [1] - https://blog.google/inside-google/company-announcements/investing-america-2021/ https://blog.google/inside-google/company-announcements/inve...