Who owns Silicon Valley?

In a region where real estate equals influence, prestige and
prosperity, just 10 power brokers — a mix of technology
behemoths, commercial and residential developers and one private
university — own about $59.2 billion in taxable property, making
them the largest landowners in Silicon Valley.

Their concentrated wealth provides a window into how tech and
real estate companies — and the university, Stanford — have
shaped the valley into an economic powerhouse but also helped
create the housing crisis now threatening Silicon Valley’s
money-making engine, straining its middle class and displacing
people who have lived here their whole lives.

These findings come from an analysis by a collaboration of local
and national media, including this news organization, of more than
half a million property records from the Santa Clara County
Assessor’s Office during a year-long reporting project. Much of
the property is owned by a web of corporations and trusts,
requiring deeper reporting into thousands of records to reveal the
true ownership.

As both large players and smaller buyers bid up the price of
land and consolidated their holdings over the last decade, who can
afford to buy — and who can’t — has become perhaps the
region’s most critical dynamic. The 10 largest owners alone
control more than 11 percent of all the taxable property in the
county.

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“The increase in land values has almost single-handedly caused
the increase in property values and then everything that goes with
that in terms of rent (and) cost of housing,” said Larry Stone,
Santa Clara County’s assessor.

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Source: FS – All – Real Estate News 1
Who owns Silicon Valley?