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Google Said to Buy Six Silicon Valley Buildings for $585 Million

Tara Terregino
10/24/14 9:45 AM EDT
Google buys six office buildings in a $585 million deal from the Blackstone Group and Starwood Capital. The properties are part of the Pacific Shores Center office park in Redwood City, California, about 11 miles northwest of its Silicon Valley headquarters. The purchase is the biggest move for Google's real estate as the search giant expands along the Peninsula at a rapid pace. According to the filing the acquisition expands on Google's real estate as the company takes on more employees. The filing shows the company had just over 55,000 full-time employees as of Sept. 30, up almost 19 percent from a year earlier. 'We expect to continue to hire aggressively for the remainder of 2014,' Google said in the filing. 'Acquisitions will also remain an important component of our strategy.'
Stocks in this video: GOOGLBX

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