• About
  • Advertise
  • Careers
  • Contact
Sunday, March 7, 2021
  • Login
No Result
View All Result
NEWSLETTER
Washington Daily Post
12 °c
San Francisco
  • Home
  • World

    Coronavirus latest: US hospital cases hit lowest level since November 2

    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

  • Tech

    President Biden beefs up White House staff, including Big Tech critic Tim Wu

    5 TikTok, YouTube, Instagram food channels from Bay Area and beyond

    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

  • 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: US hospital cases hit lowest level since November 2

    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

  • Real Estate
  • Sports
    What We’ve Been Watching In An Extra-Weird NHL Season

    What We’ve Been Watching In An Extra-Weird NHL Season

    Saturday’s live NCHSAA state basketball championship scoreboard: updates, TV info

    Junior hockey: Rasmussen, Wilderness pull away from Norsemen

    The Premier Lacrosse League Is Trying To Change The Game

    The Premier Lacrosse League Is Trying To Change The Game

    Kenny Smith & 2 Chainz Talk NBA & All-Star Charity Game: Listen to The Complex Sports Podcast

  • Politics
    Schumer leads Dems to messy but major win on Covid aid

    Schumer leads Dems to messy but major win on Covid aid

    GOP pushes Murkowski to stay in line against Biden’s Covid bill

    GOP pushes Murkowski to stay in line against Biden’s Covid bill

    Shalanda Young shines as Tanden's nomination languishes

    Shalanda Young shines as Tanden's nomination languishes

    How Trump upended the race to control the House through 2030

    How Trump upended the race to control the House through 2030

    Progressives find a villain after minimum wage defeat: the filibuster

    Progressives find a villain after minimum wage defeat: the filibuster

  • 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

  • Home
  • World

    Coronavirus latest: US hospital cases hit lowest level since November 2

    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

  • Tech

    President Biden beefs up White House staff, including Big Tech critic Tim Wu

    5 TikTok, YouTube, Instagram food channels from Bay Area and beyond

    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

  • 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: US hospital cases hit lowest level since November 2

    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

  • Real Estate
  • Sports
    What We’ve Been Watching In An Extra-Weird NHL Season

    What We’ve Been Watching In An Extra-Weird NHL Season

    Saturday’s live NCHSAA state basketball championship scoreboard: updates, TV info

    Junior hockey: Rasmussen, Wilderness pull away from Norsemen

    The Premier Lacrosse League Is Trying To Change The Game

    The Premier Lacrosse League Is Trying To Change The Game

    Kenny Smith & 2 Chainz Talk NBA & All-Star Charity Game: Listen to The Complex Sports Podcast

  • Politics
    Schumer leads Dems to messy but major win on Covid aid

    Schumer leads Dems to messy but major win on Covid aid

    GOP pushes Murkowski to stay in line against Biden’s Covid bill

    GOP pushes Murkowski to stay in line against Biden’s Covid bill

    Shalanda Young shines as Tanden's nomination languishes

    Shalanda Young shines as Tanden's nomination languishes

    How Trump upended the race to control the House through 2030

    How Trump upended the race to control the House through 2030

    Progressives find a villain after minimum wage defeat: the filibuster

    Progressives find a villain after minimum wage defeat: the filibuster

  • 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

No Result
View All Result
Washington Daily Post
No Result
View All Result
Home Tech

Real estate: Fortinet collects Sunnyvale property, signaling future expansion

by Jon lee Anderson
February 12, 2021
in Tech
0
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter


SUNNYVALE — Fortinet has bought a half-century-old commercial building near its headquarters in Sunnyvale, fresh evidence that the tech company is eyeing further expansion around its main campus.

The cybersecurity tech company, whose profits and sales are rising swiftly, has been busy collecting an array of sites in Sunnyvale next to and near its current headquarters at 899 Kifer Road.

The most recent purchase was an office building at 159 San Lazaro Road in Sunnyvale, according to documents filed with Santa Clara County officials on Feb. 12.

The building totals about 6,600 square feet, commercial real estate listing services show.

Fortinet paid $2.96 million for the building, according to public records. The transaction was an all-cash purchase.

It’s possible that the sellers harvested a hefty profit from the sale to Fortinet. The assessed value of the building was listed at roughly $743,000.

This is far from the only purchase by Fortinet in the area. From 2012 through early 2021, Fortinet spent $80 million buying up sites large and small in the vicinity of its current head offices.

In 2012, Fortinet paid about $25 million for its current headquarters at 899 Kifer Road in Sunnyvale. But that was just the beginning of the company’s property purchases.

The network security software and services firm is also constructing a modern office building at the northwest corner of Kifer Road and Commercial Street.

Fortinet doesn’t break out its employee count in Sunnyvale. However, worldwide, the company’s workforce has expanded briskly of late.

At the end of 2019, Fortinet employed 7,082 workers worldwide. As of the end of September 2020, the company’s headcount was 8,075, an increase of nearly 1,000 workers, or 14%.

Sunnyvale-based Fortinet provided some brief details about the construction effort in a quarterly report filed in November 2020 with the Securities and Exchange Commission.

“Construction of a second building at our headquarters campus started in the fourth quarter of 2018,” Fortinet stated in the SEC filing. “We estimate 2020 spending on the headquarters campus project to be between $95.0 million and $105.0 million dollars.”

The coronavirus delayed the construction timetable, Fortinet stated in the document.

“We estimate construction to be completed in the first half of 2021,” Fortinet said in the regulatory filing.

 



Source link

Jon lee Anderson

Jon lee Anderson

Next Post

How 2021 is NASCAR's season of transition

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Slovis, St. Brown help No. 16 USC rout Washington State

The Jets' Nathan Shepherd Commits 'Boneheaded' Roughing The Passer Offense

Popular News

    Connect with us

    Newsletter

    Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Aenean commodo ligula eget dolor.
    SUBSCRIBE

    Category

    • Business
    • Entertainment
    • Fashion
    • Food
    • Gaming
    • Health
    • Lifestyle
    • Movie
    • Music
    • Politics
    • Science
    • Sports
    • Tech
    • Travel
    • USA
    • World

    Site Links

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    About Us

    We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

    • About
    • Advertise
    • Careers
    • Contact

    © 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

    No Result
    View All Result
    • Home
    • Politics
    • World
    • Business
    • Science
    • USA
    • Entertainment
    • Gaming
    • Movie
    • Music
    • Sports
    • Fashion
    • Lifestyle
    • Travel
    • Tech
    • Health
    • Food

    © 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Create New Account!

    Fill the forms below to register

    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In