Berg to sell Silicon Valley real estate empire for $1.8B

July 17, 2007 | Matt Marshall

Silicon Valley real estate giant Carl Berg has confirmed he is likely to sell his properties — including the buildings that house Apple, Microsoft and Fujitsu’s valley operations — to a private equity buyer for $1.8 billion. The Mercury News has the story.

Carl Berg, who has acquired more than 100 commercial properties, and is worth around $1 billion, said he’d remain active as a Silicon Valley financier. He has provided venture capital for about 100 companies, mostly technology start-ups, he estimates. See other Merc story.

[Image courtesy of Forbes]

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About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.