Campbell | Ian Andrew Bell https://ianbell.com Ian Bell's opinions are his own and do not necessarily reflect the opinions of Ian Bell Mon, 12 Aug 2002 23:14:12 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 https://i0.wp.com/ianbell.com/wp-content/uploads/2017/10/cropped-electron-man.png?fit=32%2C32&ssl=1 Campbell | Ian Andrew Bell https://ianbell.com 32 32 28174588 Nortel Silicon Valley headquarters for $24M https://ianbell.com/2002/08/12/nortel-silicon-valley-headquarters-for-24m/ Mon, 12 Aug 2002 23:14:12 +0000 https://ianbell.com/2002/08/12/nortel-silicon-valley-headquarters-for-24m/ http://www.canada.com/technology/story.html?id{543D1BFE-0233-48C4-8082-BD82EAE97060}

Nortel Silicon Valley headquarters for $24M Calgary Herald Monday, August 12, 2002

Nortel Networks Corp. has sold its sprawling Silicon Valley headquarters for $24 million US, less than half what it wanted, reflecting just how weak the tech sector and once-booming office market here have become.

The Nortel property had been on the block for at least one year at an asking price of more than $50 million US, said Mark Regoli, executive vice- president at South Bay Development Co. in Campbell, Calif.

South Bay Development, along with San Francisco-based Pacific Coast Capital Partners LLC, bought the 33,352 square-metre offices situated on nearly 6.5 hectares.

© Copyright  2002 Calgary Herald

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