Google Has Quietly Been Doing This In The Silicon Valley

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Alphabet’s Google has been keeping busy in the Silicon Valley as the company has purchased 52 properties.

According to a report in Silicon Valley Business Journal, Google has bought the properties from a real estate development partner, CBRE, just around four miles to the south, in Sunnyvale, California. The purchase price? $820 million.

According to the report, CBRE was quietly assembling all of the properties for Google.

A real estate brokerage has been quietly assembling the properties on behalf of the search giant, the report says.
Recently Google also won the exclusive rights to negotiate with San Jose, California in purchasing 16 tracts of land near the city’s pro hockey arena and convention center. Trammel Crow is the real estate developing partner helping Google amass the properties and so far the company has spent over $100 million buying up parcels.

As the company expands, with an employee base that now stands at over 72,000, the company needs the room. Especially as it plans to hire more workers.

Disclaimer: We have no position in Alphabet Inc Class A (NASDAQ: GOOGL) and have not been compensated for this article.