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

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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Bay Area company fined for falsely receiving PPP loansThe San Mateo-based company qualified for the loans by falsely claiming it had fewer than 500 employees and that it saw a dip in profits during the COVID-19 pandemic, according to the DOJ.
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