National Commercial Real Estate News From CoStar Group
Kilroy Realty Pays $315M for Future LinkedIn Campus
Kilroy Realty Corp., a Los Angeles-based commercial real estate investment firm, acquired a fully entitled 12-acre site in Sunnyvale, CA, which will be the future home of LinkedIn Corp. JP DiNapoli Cos. was the seller.
Kilroy will develop, own and manage the four-building project, which is expected to be completed in late 2014. The sales price of $315 million included development costs.
The new LinkedIn campus will consist of two six-story...