Google's landlord lists tech firm's Venice campus for sale [Yahoo! Finance]
W. P. Carey Inc. REIT (WPC)
Last w. p. carey inc. reit earnings: 5/1 07:30 am
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Source: Yahoo! Finance
The New York-based real estate investment trust hired CBRE to put the 78,578-square-foot building currently occupied by Google up for sale, according to an offering memo obtained by TRD. The brokerage did not provide an asking price for the historic, binoculars-shaped building at 340 West Main Street, but nine other smaller, and less whimsical office buildings currently listed in Venice are asking $1,583 per square foot on average, according to Loopnet. Google's triple-net-lease at the building, which dates back to 2011, is up for renewal in October 2030, according to the offering memo. W.P. Carey's history with the property goes back much further than Google. The company bought the Venice building for about $18.3 million in 1995. In 2023, it annou
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News
- W. P. Carey Provides Business UpdatePR Newswire
- W. P. Carey Releases 2024 CEO LetterPR Newswire
- W. P. Carey Increases Quarterly Dividend to $0.890 per SharePR Newswire
- W. P. Carey Inc. (NYSE: WPC) had its price target raised by analysts at Scotiabank from $59.00 to $63.00. They now have a "sector perform" rating on the stock.MarketBeat
- W. P. Carey Inc. (NYSE: WPC) had its price target raised by analysts at Wells Fargo & Company from $58.00 to $66.00. They now have an "equal weight" rating on the stock.MarketBeat
WPC
Earnings
- 2/11/25 - Beat
WPC
Sec Filings
- 4/1/25 - Form 8-K
- 3/28/25 - Form DEFA14A
- 3/28/25 - Form DEF
- WPC's page on the SEC website