Google acquires more premium office space in Redwood City

Google Inc. is accelerating a real estate deal spree, spending $585 million to buy more than half of a Silicon Valley office park and agreeing to lease an entire campus in development to make space for its growing workforce. The owner of the world’s largest search engine bought six office buildings at Pacific Shores Center in Redwood City, California, from Starwood Capital Group LLC and Blackstone Group LP. (BX) It also plans to occupy all of Moffett Place, a six-tower development on 55 acres (22 hectares) in nearby Sunnyvale, according to Meghan Casserly, a Google spokeswoman. Google, based in Mountain View, has spent billions on property leases and purchases as it expands hiring and makes acquisitions. The company said in its quarterly report filed yesterday that it signed office leases for a total commitment of about $1 billion through 2028 and bought land and buildings for $585 million, without disclosing details.