In This Issue:
Office: Google signs lease for 715,500 square feet in Sunnyvale with space for 2,900 workers; Shorenstein, Worthe Acquire Former 20 acre Postal Service Site in Playa Vista; 3 MacArthur Latest Tower to Change Hands for $52 million; Kilroy Realty buys 2 office buildings for $248 million; Hudson Pacific Properties, Inc. Announces Completion of Acquisition of Rincon Center; Investment bank Houlihan Lokey to move into former MGM Tower in Century City in a $60 million lease transaction; and PIMCO to build 380,000 square foot office building in Newport Center.
EQUITY & DEBT UPDATES:
$108+ Million Dollar Refinance Concluded Between Red Mountain Retail Group & John Hancock Life Insurance Company (U.S.A.).
Google signs lease for 715,500 square feet in Sunnyvale with space for 2,900 workers
San Jose Mercury News - Aug 11
In the midst of an unprecedented growth spurt, Google (GOOG) said Wednesday it has struck a deal to lease four Sunnyvale buildings that could accommodate as many as 2,900 employees. The Sunnyvale campus would mark Google's largest presence in Silicon Valley outside of Mountain View.
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