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Purchasing property generally marks the beginning of the end for a tech company. Real estate is a lousy investment relative to anything tech. That was $374M t

• pfannkuchen 2y ago
  Eh I think that is more when companies start building grand palatial headquarters as a monument to the greatness of their vision. This doesn't seem like that.
  • adastra22 2y ago
    The land in question is the location of NVIDIA's grand new palatial headquarters. I was surprised that they didn't own the land already.
    • Coffeewine 2y ago
      > Between 2018 and 2022, Nvidia built and opened two nearby office buildings, totaling over 1.2 million square feet. Those buildings, named Voyager and Endeavor (the former a reference to Star Trek and the latter a NASA space shuttle), were developed and owned by Nvidia and were not part of this recent sale Seems like it’s not the palatial HQ, but something else.
• nytesky 2y ago
  They are a hardware company, but this isn’t their fab right? But does it have a lot of build out of labs, etc that would be hard to impossible to move with disruption? They have a huge target on their back from competitors; imagine if a coerced party bought the land and then evicted them?
• anizan 2y ago
  A lot of luxury brands bought out property of their flagship stores in 5th Avenue. https://www.wsj.com/real-estate/commercial/luxury-retailers-are-buying-out-their-landlords-795d888d# https://www.wsj.com/real-estate/commercial/luxury-retailers-... They were getting tired of constant rent increases and figured it would also deny access to prime property from any emerging competitors in future. The ultimate goal of any business is survival and not pure profits.