RCA in the commercial property press:

Google Expands Real Estate Strategy in Silicon Valley

San Jose Mercury News reports: By some estimates, Google has spent $115 million to acquire 16 buildings in Mountain View, CA this year. In all, the company is planning to add 3.5 million square feet to the 4.3 million square feet they already occupy in Mountain View.

Google's largest Silicon Valley outpost outside of Mountain View is a recently leased four-building Sunnyvale complex named Technology Corners. Google spent $1.8 billion last winter for a 15-story building in Manhattan, the biggest transaction of 2010 involving a single U.S. building, according to Real Capital Analytics data. Google also spent over $150 million this year to buy the tallest commercial block in Dublin, Ireland.

Google currently has 29,000 employees worldwide, but with approximately 2,000 positions available on their job site (not to mention the 19,000 Motorola additional staff that Google will add after the planned merger), these expansion plans are only the start. Many of these commercial properties are under review for possible expansion or rebuilding.

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Posted by: Matthew Stone

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