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    Coronavirus latest: New US cases show encouraging downward trend as testing rate falters

    Coronavirus latest: US data show Covid-19 cases declining but few signs of a return to work

    Carlos Menem, former Argentine president, dies aged 90

    Carlos Menem, former Argentine president, dies aged 90

    What pagans, Putin and the Volga tell us about the fate of Russia

    FirstFT: Today’s top stories

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    Real estate: Curved tower poised to be unique addition to downtown San Jose skyline

    Real estate: Curved tower poised to be unique addition to downtown San Jose skyline

    Real estate: Investors buy Sunnyvale apartments near development site

    Dating podcasts to make you feel better about your love life

    Tech firm apologizes for Menlo Park job ad seeking ‘non Asian’ analyst

    Real estate: Fortinet collects Sunnyvale property, signaling future expansion

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    kona-coffee-beans

    What Do We Know About Kona Coffee Beans?

    India Is Bringing Free Wi-fi To More Than 1,000 Villages This Year

    Prop. 14: California approves billions for stem-cell research

    These Edible Pick-Up Sticks Let You Play With Your Food

    New campaign wants you to raise funds for abuse victims by ditching the razor

  • Business

    Coronavirus latest: New US cases show encouraging downward trend as testing rate falters

    Coronavirus latest: US data show Covid-19 cases declining but few signs of a return to work

    Carlos Menem, former Argentine president, dies aged 90

    Carlos Menem, former Argentine president, dies aged 90

    What pagans, Putin and the Volga tell us about the fate of Russia

    FirstFT: Today’s top stories

  • Real Estate
  • Sports

    Multan beats Lahore by 7 wickets for 1st win in PSL

    Wrestling winners: Southeast wrestlers set school record with state championships, while Dalton's Noland wins third title

    Alabama Is Looking Like An SEC Powerhouse … In Basketball

    Alabama Is Looking Like An SEC Powerhouse … In Basketball

    Steve Bennett: Weather or not, lots of basketball this week in WVC

    Horse racing LIVE: Latest updates, card and full results from Ascot and Haydock

  • Politics
    USPS' DeJoy to Congress: 'Get used to me'

    USPS' DeJoy to Congress: 'Get used to me'

    Republicans demand equal representation on 1/6 Commission

    Republicans demand equal representation on 1/6 Commission

    Sanders 'confident' $15 minimum wage would be allowed via reconciliation

    Sanders 'confident' $15 minimum wage would be allowed via reconciliation

    Former state GOP chair launches Senate bid in Ohio

    Former state GOP chair launches Senate bid in Ohio

    Hoyer: 'Bipartisan' earmarks comeback in the offing

    Hoyer: 'Bipartisan' earmarks comeback in the offing

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  • Science

    Betterment Moves Beyond Robo-Advising With Human Financial Planners

    A Digital Media Startup Growing Up With Millennial Women

    India Is Bringing Free Wi-fi To More Than 1,000 Villages This Year

    Finland Has An Education System The Other Country Should Learn From

    Uber’s Turbulent Week: Kalanick Out, New Twist In Google Lawsuit

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    Rap group call out publication for using their image in place of ‘gang’

    Barack Obama and Family Visit Balinese Paddy Fields During Vacation

    This Secret Room In Mount Rushmore Is Having A Moment

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    Uber’s Turbulent Week: Kalanick Out, New Twist In Google Lawsuit

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    kona-coffee-beans

    What Do We Know About Kona Coffee Beans?

    A Digital Media Startup Growing Up With Millennial Women

    Five London Tower Blocks Evacuated Over Cladding Safety Fears

    Send us your favorite Thanksgiving dinner menu ideas, recipes, and tips for readers cooking at home this year

    ‘Stay healthy and optimistic for the future’: The Kitchen Cafe in downtown Boston will close

  • Food
    kona-coffee-beans

    What Do We Know About Kona Coffee Beans?

    A Digital Media Startup Growing Up With Millennial Women

    Five London Tower Blocks Evacuated Over Cladding Safety Fears

    Send us your favorite Thanksgiving dinner menu ideas, recipes, and tips for readers cooking at home this year

    ‘Stay healthy and optimistic for the future’: The Kitchen Cafe in downtown Boston will close

  • Home
  • World

    Coronavirus latest: New US cases show encouraging downward trend as testing rate falters

    Coronavirus latest: US data show Covid-19 cases declining but few signs of a return to work

    Carlos Menem, former Argentine president, dies aged 90

    Carlos Menem, former Argentine president, dies aged 90

    What pagans, Putin and the Volga tell us about the fate of Russia

    FirstFT: Today’s top stories

  • Tech
    Real estate: Curved tower poised to be unique addition to downtown San Jose skyline

    Real estate: Curved tower poised to be unique addition to downtown San Jose skyline

    Real estate: Investors buy Sunnyvale apartments near development site

    Dating podcasts to make you feel better about your love life

    Tech firm apologizes for Menlo Park job ad seeking ‘non Asian’ analyst

    Real estate: Fortinet collects Sunnyvale property, signaling future expansion

  • Health
    kona-coffee-beans

    What Do We Know About Kona Coffee Beans?

    India Is Bringing Free Wi-fi To More Than 1,000 Villages This Year

    Prop. 14: California approves billions for stem-cell research

    These Edible Pick-Up Sticks Let You Play With Your Food

    New campaign wants you to raise funds for abuse victims by ditching the razor

  • Business

    Coronavirus latest: New US cases show encouraging downward trend as testing rate falters

    Coronavirus latest: US data show Covid-19 cases declining but few signs of a return to work

    Carlos Menem, former Argentine president, dies aged 90

    Carlos Menem, former Argentine president, dies aged 90

    What pagans, Putin and the Volga tell us about the fate of Russia

    FirstFT: Today’s top stories

  • Real Estate
  • Sports

    Multan beats Lahore by 7 wickets for 1st win in PSL

    Wrestling winners: Southeast wrestlers set school record with state championships, while Dalton's Noland wins third title

    Alabama Is Looking Like An SEC Powerhouse … In Basketball

    Alabama Is Looking Like An SEC Powerhouse … In Basketball

    Steve Bennett: Weather or not, lots of basketball this week in WVC

    Horse racing LIVE: Latest updates, card and full results from Ascot and Haydock

  • Politics
    USPS' DeJoy to Congress: 'Get used to me'

    USPS' DeJoy to Congress: 'Get used to me'

    Republicans demand equal representation on 1/6 Commission

    Republicans demand equal representation on 1/6 Commission

    Sanders 'confident' $15 minimum wage would be allowed via reconciliation

    Sanders 'confident' $15 minimum wage would be allowed via reconciliation

    Former state GOP chair launches Senate bid in Ohio

    Former state GOP chair launches Senate bid in Ohio

    Hoyer: 'Bipartisan' earmarks comeback in the offing

    Hoyer: 'Bipartisan' earmarks comeback in the offing

  • Opinion
  • Science

    Betterment Moves Beyond Robo-Advising With Human Financial Planners

    A Digital Media Startup Growing Up With Millennial Women

    India Is Bringing Free Wi-fi To More Than 1,000 Villages This Year

    Finland Has An Education System The Other Country Should Learn From

    Uber’s Turbulent Week: Kalanick Out, New Twist In Google Lawsuit

  • Travel

    Rap group call out publication for using their image in place of ‘gang’

    Barack Obama and Family Visit Balinese Paddy Fields During Vacation

    This Secret Room In Mount Rushmore Is Having A Moment

    Indonesia’s Largest Fleet Of Taxis Teams Up To Beat Ride-hailing Apps

    Uber’s Turbulent Week: Kalanick Out, New Twist In Google Lawsuit

  • Books
    kona-coffee-beans

    What Do We Know About Kona Coffee Beans?

    A Digital Media Startup Growing Up With Millennial Women

    Five London Tower Blocks Evacuated Over Cladding Safety Fears

    Send us your favorite Thanksgiving dinner menu ideas, recipes, and tips for readers cooking at home this year

    ‘Stay healthy and optimistic for the future’: The Kitchen Cafe in downtown Boston will close

  • Food
    kona-coffee-beans

    What Do We Know About Kona Coffee Beans?

    A Digital Media Startup Growing Up With Millennial Women

    Five London Tower Blocks Evacuated Over Cladding Safety Fears

    Send us your favorite Thanksgiving dinner menu ideas, recipes, and tips for readers cooking at home this year

    ‘Stay healthy and optimistic for the future’: The Kitchen Cafe in downtown Boston will close

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Washington Daily Post
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Home Tech

Big Silicon Valley office building draws veteran real estate buyer

by Jon lee Anderson
February 11, 2021
in Tech
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SANTA CLARA — A big Silicon Valley research and office building where Apple is a tenant has been bought by a veteran real estate developer in a deal that represents a healthy profit for the seller.

Hines Interests, a big Houston-based developer, bought an office building at 5301 Patrick Henry Drive in Santa Clara, according to public documents filed on Feb. 10.

The transaction suggests that major investors continue to hunger for key sites in Silicon Valley despite the economic uncertainties unleashed by the coronavirus.

The one-story building is known to have been leased to Apple during 2015, according to multiple sources with direct knowledge of the rental deal. The building totals 127,000 square feet and is believed to be the site of an advanced technology research endeavor by Apple.

Acting through an affiliate, Hines paid $68 million for the building, which sits on 6.9 acres of land, Santa Clara County property records show.

The property deal appears to represent a significant profit for the seller, which is an affiliate of Crown Realty & Development.

In 2016, Crown Realty paid $60.5 million for the building, county documents show.

Hines owns numerous properties in the United States. Along with the just-bought Santa Clara site, Hines owns a large business park in Sunnyvale and an office building in north San Jose.

 

 

 



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Jon lee Anderson

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