SAN BRUNO, CA—Technology companies continue to vie for space along the Peninsula with competition on fire for class-A digs in key locations. An all-cash, off-market example of that heated activity is Hudson Pacific Properties Inc.‘s sale of Bayhill Office Center at 999-1001 Bayhill Dr. to online video distribution company, YouTube. The campus sold for $215 million before certain credits, prorations and closing costs.

Hudson Pacific acquired the 554,328-square-foot class-A office campus as part of the San Francisco Peninsula and Silicon Valley portfolio purchased in April 2015 from Blackstone. The asset was non-core to Hudson’s portfolio.

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