Author Topic: Amazon to build second Headquarters  (Read 14207 times)

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Offline rickr

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Amazon to build second Headquarters
« on: September 07, 2017, 12:23:20 PM »

Offline Burn That Belly

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Re: Amazon to build second Headquarters
« Reply #1 on: September 07, 2017, 12:37:18 PM »
x
« Last Edit: August 01, 2018, 01:11:23 PM by Burn That Belly »
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Offline esquire22

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Re: Amazon to build second Headquarters
« Reply #2 on: September 08, 2017, 04:29:39 PM »
http://www.latimes.com/business/la-fi-amazon-irvine-20170908-story.html

Irvine Company is going to make a run at Amazon.

Offline KiloRomeo

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Re: Amazon to build second Headquarters
« Reply #3 on: September 10, 2017, 11:15:45 PM »
Interesting.  Amazon's RFP indicated criteria including that the hosting City must be "45mins or less from an international airport" and also have a "population of at least 1M residents."  - that's a big nope and nope for Irvine.  But I'm sure IrvineCo money can get them reconsidering those stipulations.

Offline AW

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Re: Amazon to build second Headquarters
« Reply #4 on: September 11, 2017, 07:13:32 AM »
Interesting.  Amazon's RFP indicated criteria including that the hosting City must be "45mins or less from an international airport" and also have a "population of at least 1M residents."  - that's a big nope and nope for Irvine.  But I'm sure IrvineCo money can get them reconsidering those stipulations.
I think the whole traffic congestion and housing price would be the deal breaker in SoCal.
One could argue that lax and Ontario is 45 mins.  SNA is a close local airport for non international, but can be a connecting airport.
The population thing is not just looking at the city, but the metropolitan area, I don't think that's an issue. People would drive from LA county and I.E to work in Irvine which already happens

Offline irvine buyer

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Re: Amazon to build second Headquarters
« Reply #5 on: September 11, 2017, 08:32:11 AM »
I think one important consideration is whether the talent that Amazon is looking to hire would locate to this city.  In this regard, Irvine has an advantage.

Offline undecided

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Re: Amazon to build second Headquarters
« Reply #6 on: September 11, 2017, 09:17:33 AM »
Amazon is a great company, no doubt.  I'm sure wherever they go, the local economy will be given a huge boost.  While the idea of them opening a second HQ in Irvine sounded appealing to me at first, I'm having second thoughts.  Perhaps because I'm not in the IT industry.

But look at how things have unfolded in Silicon Valley.  People pay $1M there for studios.  If we all of a sudden get an influx of high earners, that's gonna push up prices all across the board for everyone.  My morning cup of coffee might be $12.  A combo from Mickey D's might cost $15.

It's great for existing homeowners, as the value of their homes skyrockets.  But unless your income also has a similar trajectory, now you're stuck.  You effectively are incentivized to not move up in home, because going from a 2br to a 3br, or a 3br to a 4 br, might effectively increase your property tax base by 500k-1M.

I'd like to hear counterarguments.  Perhaps I'm being shortsighted.  I like Irvine the way it is now, and don't want it to grow too fast too soon.

Offline jmoney74

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Re: Amazon to build second Headquarters
« Reply #7 on: September 11, 2017, 10:12:10 AM »
Amazon is a great company, no doubt.  I'm sure wherever they go, the local economy will be given a huge boost.  While the idea of them opening a second HQ in Irvine sounded appealing to me at first, I'm having second thoughts.  Perhaps because I'm not in the IT industry.

But look at how things have unfolded in Silicon Valley.  People pay $1M there for studios.  If we all of a sudden get an influx of high earners, that's gonna push up prices all across the board for everyone.  My morning cup of coffee might be $12.  A combo from Mickey D's might cost $15.

It's great for existing homeowners, as the value of their homes skyrockets.  But unless your income also has a similar trajectory, now you're stuck.  You effectively are incentivized to not move up in home, because going from a 2br to a 3br, or a 3br to a 4 br, might effectively increase your property tax base by 500k-1M.

I'd like to hear counterarguments.  Perhaps I'm being shortsighted.  I like Irvine the way it is now, and don't want it to grow too fast too soon.

Kind of overboard no?  I go up to the bay area often and happy meals are the same.

Offline paydawg

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Re: Amazon to build second Headquarters
« Reply #8 on: September 11, 2017, 10:52:04 AM »
Interesting.  Amazon's RFP indicated criteria including that the hosting City must be "45mins or less from an international airport" and also have a "population of at least 1M residents."  - that's a big nope and nope for Irvine.  But I'm sure IrvineCo money can get them reconsidering those stipulations.

I hope you're kidding.  If you don't take things so literally, then Irvine is part of the larger OC metro area, which has over 3M people.  While you can argue that LAX is around 45-60 minutes away, there are three other airports that are accessible as well for domestic routes, with JWA being minutes away.  OC is perfectly situated between two large metro areas (LA and SD). 

As far as talent goes - Southern California should be able to compete with any other metro area.
Thanks in advance for the 'thanks'!!

Offline OCLuvr

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Re: Amazon to build second Headquarters
« Reply #9 on: September 11, 2017, 11:00:49 AM »
Just to add a data point: LA area produces more number of engineering graduates than the bay area.

Offline AW

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Re: Amazon to build second Headquarters
« Reply #10 on: September 11, 2017, 11:22:24 AM »
Amazon is a great company, no doubt.  I'm sure wherever they go, the local economy will be given a huge boost.  While the idea of them opening a second HQ in Irvine sounded appealing to me at first, I'm having second thoughts.  Perhaps because I'm not in the IT industry.

But look at how things have unfolded in Silicon Valley.  People pay $1M there for studios.  If we all of a sudden get an influx of high earners, that's gonna push up prices all across the board for everyone.  My morning cup of coffee might be $12.  A combo from Mickey D's might cost $15.

It's great for existing homeowners, as the value of their homes skyrockets.  But unless your income also has a similar trajectory, now you're stuck.  You effectively are incentivized to not move up in home, because going from a 2br to a 3br, or a 3br to a 4 br, might effectively increase your property tax base by 500k-1M.

I'd like to hear counterarguments.  Perhaps I'm being shortsighted.  I like Irvine the way it is now, and don't want it to grow too fast too soon.
No counter arguments.  This will fast track it to grow to a mega city. The gap between have and have nots will widen.  Tons of congestion, etc.

They say 50k jobs
X avg salary (higher paying jobs)
= a whole lot of money to spend and flowing in the area

Offline OCtoSV

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Re: Amazon to build second Headquarters
« Reply #11 on: September 11, 2017, 12:20:04 PM »
The conditions Amazon is laying down seem tailor made for San Jose. They have likely seen the 20K person campus GOOG is building there and will be actively competing for that talent. They quietly leased a few floors of a downtown bldg recently near Adobe's HQ (also expanding).

If not San Jose then I see this going to Boston. IF they had built the airport instead of Great Park, then maybe.....that was the dumbest NIMBY-driven decision I've ever seen.

Offline iacrenter

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Re: Amazon to build second Headquarters
« Reply #12 on: September 11, 2017, 02:43:01 PM »
IF they had built the airport instead of Great Park, then maybe.....that was the dumbest NIMBY-driven decision I've ever seen.

Are you insane? Irvine RE is better off with the GP versus another airport.

Offline Liar Loan

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Re: Amazon to build second Headquarters
« Reply #13 on: September 11, 2017, 02:54:51 PM »
I think one important consideration is whether the talent that Amazon is looking to hire would locate to this city.  In this regard, Irvine has an advantage.

Really?  What advantage would that be?

Offline Panda

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Re: Amazon to build second Headquarters
« Reply #14 on: September 11, 2017, 03:00:09 PM »
I have a feeling that Atlanta is going to win this one. :)



Source: http://money.cnn.com/2017/09/11/technology/amazon-cities/index.html
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