Featured Articles

Intel releases tiny 3G cell modem

Intel releases tiny 3G cell modem

Intel has released a 3G cellular modem with an integrated power amplifier that fits into a 300 mm2 footprint, claiming it…

More...
Braswell 14nm Atom slips to Q2 15

Braswell 14nm Atom slips to Q2 15

It's not all rosy in the house of Intel. It seems that upcoming Atom out-of-order cores might be giving this semiconductor…

More...
TSMC 16nm wafers coming in Q1 2015

TSMC 16nm wafers coming in Q1 2015

TSMC will start producing 16nm wafers in the first quarter of 2015. Sometime in the second quarter production should ramp up…

More...
Skylake-S LGA is 35W to 95W TDP part

Skylake-S LGA is 35W to 95W TDP part

Skylake-S is the ‘tock’ of the Haswell architecture and despite being delayed from the original plan, this desktop part is scheduled…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 08 October 2012 10:22

Amazon in mega-estate deal

Written by Nick Farrell



Spends a billion dollars to buy HQ


Amazon.com is to spend more than a billion dollars to buy its Seattle corporate HQ in what will be the United States' biggest commercial real estate deal so far this year. The book seller plans to buy 11 buildings in the south Lake Union area, comprising 1.8 million square feet of corporate office space. The building is owned by Microsoft co-founder Paul Allen.

It is the highest ever price for an office building over 100,000 square feet in Seattle.  In fact it is double the average rate of $308 per square foot for the city's office space. Like many companies Amazon has been leasing the properties but it seems that with property prices lower than they are likely to be for a while it mores economic sense for it to buy the location  and gain more control over its HQ.  As an asset it will only go up in value.

Amazon already has plans to build new offices nearby to house its growing staff, which totals more than 50,000.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments