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Post by High Priestess on Oct 5, 2015 0:04:33 GMT
Peter shared in July 2015 8 reasons Airbnb’s HQ sold for more than $300 million "It turns out that pension fund TIAA-CREF has agreed to pay about $312 million, or about $700 a square foot, for 888 Brannan St. That delivers a 69 percent return for Boston-based Beacon Capital in just over a year." "Airbnb’s lease runs through December 2023, when it will be paying about $14 million in rent due to 3 percent annual increases built into its lease." Click here bit.ly/1SpMEW4 for BizJournals article. My two cents: At $64 a square foot in rent, my two cents would not be able to afford enough space for a flea. Keith: $64/sq ft is pretty high .. That's embaracdero center pricing. Yipes. Well as long as they keep serving hard apple cider I'm happy to keep visiting HQ. Jordie: my personal faves are the paleo treats served up fresh each afternoon in a few of the break rooms!
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