"SUNNYVALE - A high-profile Google subsidiary that has launched a renovation of the landmark Hangar One has just sold a small building in Sunnyvale to a veteran Bay Area real estate firm. Google unit Planetary Ventures has sold a building at 494 South Bernardo Ave. to an affiliate controlled by California Communities and Mozart Development, according to documents filed on Dec. 19 with the Santa Clara County Recorder's Office."
"The Mozart Development homebuilding unit, California Communities, paid $15.5 million for the property, county real estate files show. A childcare center is located on the property, according to information from the Google Maps site. Planetary Ventures bought the 494 South Bernardo property in 2007, paying $6.3 million for the site, a real estate database shows. In 2024, CBRE, a commercial real estate firm, circulated a marketing brochure that stated the property was up for sale. The just-bought site totals 1.5 acres, the marketing materials stated."
Planetary Ventures sold a building at 494 South Bernardo Ave. in Sunnyvale to an affiliate controlled by California Communities and Mozart Development for $15.5 million. The property totals 1.5 acres and contains a childcare center. Planetary Ventures acquired the site in 2007 for $6.3 million. County real estate files and recorder documents record the Dec. 19 sale filing. In 2024, CBRE circulated a marketing brochure indicating the property was for sale and described a "suburban core residential development opportunity" as a potential benefit. California Communities is an independent Bay Area homebuilder with completed single-family home and townhouse projects. Planetary Ventures is renovating Hangar One in Mountain View.
Read at The Mercury News
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