A tech titan that has been trimming Bay Area jobs has spent hundreds of millions of dollars to buy several East Bay office buildings.
FREMONT — A tech titan that has been trimming Bay Area jobs has spent hundreds of millions of dollars to buy several office buildings in the East Bay that the company has been leasing.
In each instance, Lam Research had been leasing the buildings from the seller. MUFG Americas Capital Leasing & Finance sold the buildings to Lam Research, according to the property records. In 2007, according to regulatory filings by Lam Research and Alameda County records, BNP Paribas Leasing bought office buildings in Fremont and Livermore from Lam and then leased them back.
The buildings and surface lots that Lam bought had a combined assessed value of $203.7 million at the end of June, which suggests that the values of the buildings as a group are on the rise.
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