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Facebook buys REI’s detailed new headquarters as Covid-19 pandemic calls for a sale



Facebook Inc. acquires Recreational Equipment Inc.’s bespoke new headquarters near Seattle, the latest sign that large technology companies are operating commercial real estate markets during the coronavirus pandemic.

The outdoor clothing retailer, known as REI, had planned to occupy the 400,000-square-foot campus in Bellevue, Wash., This summer. REI designed the detailed complex to reflect its outdoor image, and the company once hoped it would serve as a way to recruit new employees. The property has …


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