MOUNTAIN VIEW — An office building real estate deal in downtown Mountain View with a price that’s below its prior purchase value hints at a wobbly office market amid widening layoffs in the tech sector.
An affiliate that’s linked to a unit of banking behemoth JPMorgan Chase has paid $36 million for an office building situated in a prime stretch of downtown Mountain View, according to documents filed on Feb. 15 at the Santa Clara County Recorder’s Office.
The JPMorgan Chase unit bought the building in an all-cash deal, the county documents show.
The building totals about 56,000 square feet, according to a market brochure being circulated by CBRE commercial
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