Could @WalmartLabs, Wal-Mart Stores Inc.’s mammoth tech innovation center based in San Bruno, California, be looking for new office space soon?
As was reported by the San Francisco Business Times, Google Inc.’s YouTube division recently paid a cool $215 million for an approximately 550,000-SF, five-building campus just a stone’s throw from its San Bruno headquarters. YouTube currently doesn’t occupy any space in the complex, which counts @WalmartLabs, Oracle and a host of other smaller companies on its tenant roster.
Industry observers are viewing the move as an indicator of future expansion for YouTube, which ultimately could mean an ouster for current tenants. In October, while speaking at a panel discussion, Google project executive Jay Bechtel said, “We like... [ MORE ]