Ah, it makes a son proud
In case you don't know, my mother
is a commercial real estate broker in the Silicon Valley -- she has been for years. And today, she is quoted in the San Jose Mercury News story about commercial real estate in the Valley.Google, Apple, Yahoo boost valley market in real estate
[San Jose Mercury News, Jan. 2, 2007]
Commercial real estate in Silicon Valley turned a corner in 2006 that it had been approaching for three years, thanks largely to property purchased by high-tech behemoths Google, Apple Computer and Yahoo.
In the third graph, you can read her quote:
"People were saying that everyone is moving out of California and technology is going to India, but those three companies with their commitment to staying in the valley and expanding heavily has given the valley a whole new breath of hope," said Patty McGuigan, a 26-year veteran broker with Cornish & Carey, who handled several deals with Google.
It's funny because she didn't even tell me that they had spoken to her. I just was reading the story and then...there it was!
There is a slight
dot-gov angle here: Google is working with NASA's Ames Research Center to build a large campus at Moffett Field.
The giant search engine's acquisitions plus negotiations with the city of Mountain View to build another 310,000 square feet and talks with NASA/Ames Research Center to build a 1-million-square-foot campus at Moffett Field has been dubbed the Google Effect. That means companies searching for office space need to go elsewhere.
Posted by Christopher Dorobek on Jan 02, 2007 at 12:16 PM