4 ms·
They are already leasing it, so this is not really as interesting as it sounds. Big buildings are expensive.
by burkaman 5y ago
They are already leasing it, so this is not really as interesting as it sounds. Big buildings are expensive.
- throwaway1777 5y agoThis is a huge point. They aren’t increasing space or headcount, mainly changing the cost structure
- gowld 5y agoAnd long-term outlook.
- msoad 5y agoI thought they bought this building in 2012 for $1B. I guess that sale didn't go through.
- wan23 5y agoThat was a different building. Since then they've bought two more!
- paganel 5y agoNow I'm just curious what the total value of their real estate holdings really is. A history of how that value fluctuated recently would also be interesting. I guess this information is hidden somewhere in Alphabet's quarterly earnings reports but I'm afraid I wouldn't know where exactly to look (or what to look for).
- lotsofpulp 5y agoThe article says $60B to $70B between land and buildings.
- deleted 5y ago[deleted]
- tick_tock_tick 5y agoIt's interesting in that it implies Google is still committed to large in person offices.
- gowld 5y agoIf I understand HN properly, it just means that someone in the Facilities department wanted to get a promotion.
- brink 5y agoYou do understand HN properly. Here, have some downvotes.
- dannykwells 5y agoLOL'd at this thanks.
- im3w1l 5y agoMakes me wonder: why now?
- spaceywilly 5y agoBuy low, sell high. Commercial real estate prices are down right now, good time to buy up properties. People are reading way too much into this.
- disgruntledphd2 5y agoAnd Google have been outright buying offices for at least a decade, this is clearly part of their cash management strategy.
- 01100011 5y agoAnd it's probably a good investment since cash is cheap right now and cities like NYC are depressed thanks to COVID-19. I hate cities but have to think that they're good investments. Global warming will likely change the economics of suburbs and people are having a lot less kids, making cities less unattractive.