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NVIDIA Hurting; Real Estate Superstition Holding True

July 6, 2008

In Silicon Valley, it’s often joked amongst commercial real estate professionals that once a company starts making a foray into owning its real estate, things tend to go downhill for the company. Past examples have included Palm, 3Com, and Yahoo (they bought 50-acres in Santa Clara for a campus development that is currently on hold). Obviously this is not always the outcome, as evidenced by Google, Apple, Cisco, and a host of others, but it’s joked about nonetheless. Given NVIDIA’s (NASDAQ:NVDA) dismal performance over the past week, this seems to be holding true. Back in March, we posted on NVIDIA’s purchase of San Tomas Business Park.

On the heels of this news, we also one of the first to report Brocade’s chasing the @First Business Park in San Jose. It turned out that Brocade actually purchased their campus from Hunter/Storm and MacFarlane Partners. It will be interesting to see if Brocade also cracks.

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