Google, LinkedIn strike stunning 'grand bargain' for property swap in Mountain View, Sunnyvale
http://www.bizjournals.com/sanjose/news/2016/07/12/google-linkedin-strike-stunning-grand-bargain-for.html?page=all Putting aside years of fierce competition for scarce real estate in Mountain View, Google Inc. and LinkedIn Corp. have struck a "grand bargain" that redraws the map for each company's presence in Silicon Valley, ending a stalemate that frustrated their development plans. Executives say the blockbuster property swap -- involving 1 million square feet of existing buildings, including LinkedIn's current headquarters, and 2.4 million square feet of future development capacity -- benefits both sides: It will give Google control over critical puzzle pieces in North Bayshore, providing a path forward for the search giant's futuristic vision there as LinkedIn departs the Google-heavy North Bayshore business district. At the same time, LinkedIn will gain property -- elsewhere in Mountain View and in Sunnyvale -- that allows it to build out a cohesive corporate campus years earlier than anticipated under previous plans for a costly planned mixed-use headquarters called Shoreline Commons. - - - And the total money reportedly changing hands? $0.00. --Lauren-- Lauren Weinstein ([email protected]): http://www.vortex.com/lauren Founder: - Network Neutrality Squad: http://www.nnsquad.org - PRIVACY Forum: http://www.vortex.com/privacy-info Co-Founder: People For Internet Responsibility: http://www.pfir.org/pfir-info Member: ACM Committee on Computers and Public Policy Lauren's Blog: http://lauren.vortex.com Google+: http://google.com/+LaurenWeinstein Twitter: http://twitter.com/laurenweinstein Tel: +1 (818) 225-2800 / Skype: vortex.com I have consulted to Google, but I am not currently doing so -- my opinions expressed here are mine alone. _______________________________________________ pfir mailing list http://lists.pfir.org/mailman/listinfo/pfir
