The San Jose Mercury News has an interview with real estate broker Phil Mahoney on the tech boom that Silicon Valley is experiencing right now. Mahoney works for Cornish & Carey, and his recent deals include the Sunnyvale Google development, the Sunnyvale LinkedIn campus, and the Sunnyvale Amazon/Lab126 campus. It’s interesting to read his take on where things are headed and how this economic boom stacks up against the dot-com boom. He is quick to point out the difference between the “fluff” of the dot-com developments as compared to the current expansions:
Never in my 30 years have I seen this number of creditworthy tenants in the market. Amazon, Google, Apple, LinkedIn, Facebook, Microsoft, Juniper, these are strong multibillion-dollar companies with healthy balance sheets.
It makes for a good read. And most noteworthy, of the companies he lists, all but one (Facebook) are conducting their expansions in Sunnyvale.
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