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Bay Area real estate deal tied to LinkedIn hints at wobbly real market

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A LinkedIn property deal in Sunnyvale hints at weak commercial property values in a wobbly office market that’s under siege under multiple fronts.

SUNNYVALE — A LinkedIn property deal in Sunnyvale hints at weak commercial property values in a wobbly office market that’s under siege by tech sector job cuts and reductions in space footprints.

Wizardly Holdings, an affiliate controlled by LinkedIn, a career-oriented social network, sold the office and research building, the county property files show.

 

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