Tech company moves $9B cybersecurity HQ from San Francisco to Seattle | Seattle Real Estate Podcast



Tech CEO moves $9B cybersecurity company’s HQ to Seattle area, says S.F. is ‘not the city it was’

Hindawi also realized that the “mythology around Silicon Valley” no longer resonated with him. He cited the expense of operating there, and “some asymmetries in the way that the Bay Area works that just didn’t really work well for us.”

He added: “San Francisco is not the city it was 20 years ago.”

“This is less about personal taxes for me,” he said. “But I do think Seattle and Washington state have much better governance than California. And that is a factor for me.”

The company is retaining its high rise office space on the waterfront in Emeryville, Calif., at least for now. However, Hindawi said it’s likely they will sublet a portion of the 65,000-square-foot space.

Join your host Sean Reynolds, owner of Summit Properties NW and Reynolds & Kline Appraisal as he takes a look at this developing topic.

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