Monday, November 27, 2006

Sunnyvale - land of high rise offices?

The city of Sunnyvale is behind a one million square foot office towers development on former Lockheed land. Eight buildings with additional parking and common area buildings.
"If you build it, they will come..."
Being built on speculation by the developer, these buildings will fill up. Some Yahoo or Google or the like will have their gurus working there in the next few years, or will it be a biotech firm to mix it up a bit?
What will that do to Murphy Street, the Sunnyvale Towne Center, Mountain View or the other adjoining areas? Prosperity. Real estate owners and investors will benefit. There are first time investors in those markets that will be rich one day due to their belief that Silicon Valley is not dead, but actually about to rise to its next greatest peak. Believe in the valley.
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