Google purchased a commercial 12 Acre Lot
Google purchased a commercial 12 acre lot two and half years ago. There’s been no news since, but the other day I took this attached photo of the lot now. Much digging, piles of dirt on the lot itself and hard hats walking about. So it looks like Google will be building their offices. Behind the lot is the 350,000 sq ft Spruce Goose Hanger that Google has leased for their media space. There’s continued renovation in the hanger with skylights. Google will move into the hanger early next summer when year’s worth of renovation is completed. Google has an 18 year lease on the hanger and an option to purchase the hanger. I expect this Google building news to be released shortly, but I wanted all my loft friends to know first. When this hits about the lot, PV prices will jump high again. This is how I was able to get more $$$ for my recent loft sale.
Dale Ross, Broker
Playa Vista Real Estate