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Tech Giant Tops Biggest Real Estate Deals of 2018

National  + Weekender  | 

As the year comes winding to an end, there’s one name on the list that dominates the biggest real estate deals of the year. According to a report from the San Francisco Chronicle, Google’s Bay Area buys represent both the first and second largest deals in the U.S. this past year.

Back in March, Google acquired Manhattan’s Chelsea Market for $2.4 billion, which sits next door to more property Google occupies at 111 8th Avenue. As the second largest deal, Google purchased LinkedIn’s old headquarters in Mountain View, California for $1 billion. Google already occupies space in the 12-building, 795,663 square-foot campus.

Tech giants like Amazon and Apple also represent some of the largest deals in real estate. This is partially due to the large employment numbers and space needed for research, production and office work, but can also be attributed to the fact that cities offer tax breaks to these businesses for their massive land buys.

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