Seagate Technology has sold a big Cupertino office building to a realty investment firm in a deal that points to ongoing interest in that Silicon Valley market.Cupertino office building at 10200 S. De Anza Blvd. Sunnyvale: Council approves big mixed-use downtown development with almost 800 apartments, condos Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. On the other hand, 8TB HGST and 4TB Toshiba drives went the entire year without any failure. But that appears likely to change with the sale of the Cupertino site.“Seagate plans to move out” of the Cupertino offices, Hallgrimson said.The timing of an exit from Cupertino wasn’t immediately known. Tech businesses have seen strong stock growth during the pandemic, even as brick and mortar shops face closures This copy is for your personal, non-commercial use only. inCupertino. Seagate didn’t specify the precise location of the property.Cupertino boasts a strong enough office sector that Rubicon could well find a tenant to fill the spaces in short order.Apple leases and owns numerous office buildings and complexes in Cupertino, including the doughnut-shaped Apple Park headquarters campus.On Aug. 19, Apple completed a $290 million purchase of two office buildings around the corner from where Rubicon bought the Seagate building. Santa Clara County releases waiver process for elementary schools to reopen classrooms For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. in Cupertino, according to property databases and county assessment records.“Rubicon sees this is as a good opportunity,” said Erik Hallgrimson, a vice chairman with Cushman & Wakefield, a commercial real estate firm. The chairman of Seagate Technology is the only AT&T insider … Founded in 1982, it was the third largest hard disk drive manufacturer in the world before being purchased by Seagate in 2006. We've detected you are on Internet Explorer. Photos: Nextdoor founder selling San Francisco mansion for $25 million Post was not sent - check your email addresses! We've detected you are on Internet Explorer. The building once was occupied by failed solar equipment maker Solyndra.At the time of the Fremont expansion, Seagate Technology indicated it would hang on to the Cupertino offices. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.https://www.barrons.com/articles/at-t-stock-insider-buying-director-stephen-luczo-seagate-technology-51587743054AT&T shares (ticker: T) have lost about a quarter of their value so far this year, compared with a 13% drop in the Apple had been a tenant in those office buildings at the corner of Stevens Creek Boulevard and Torre Avenue and chose to become an owner rather than a renter in that instance.Also nearby: Amazon’s Lab 126 research and development arm has leased a big office in Cupertino.“Cupertino is a high demand market,” Hallgrimson said. Seagate is currently leading the way in larger internal storage and speed competition, although the gap is small. We provide end-to-end data management solutions across surveillance, NAS, data centres, consumer data storage and more. Here, you can ignore the 8TB Seagate model as it had an average age of just 1.44 months. CLICK HERE TO TURN ON NOTIFICATIONS. Also Wednesday, director Stephen Luczo paid $1.1 million for 36,000 AT&T shares, an average per-share price of $29.38. For the best Barrons.com experience, please update to a modern browser. AT&T declined to make Luczo available, or to comment itself.Luczo is the only AT&T insider who has bought stock on the open market this year. Western Digital still has a place in the middle and low-end market. Seagate didn’t immediately respond to requests for a comment about the situation.However, in a regulatory filing on Aug. 2, Seagate Technology referred to the sale of a property in North America. “This project will bring much-needed homes, will bring much-needed jobs and will fill a gap in our city” “There should be good interest in leasing the office.”Rubicon had recently widened its Bay Area holdings with a downtown San Jose purchase of two older office towers, paying $141.4 million for the office complex.“Rubicon is very strategic with what it buys, which is what they did in Cupertino and in downtown San Jose,” said Bob Staedler, principal executive with Silicon Valley Synergy, a land-use and planning consultancy.
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