Google Bets Big on Miami as Founders Ditch California’s Billionaire Tax [WATCH]

Google has expanded its office footprint in Miami after co-founders Larry Page and Sergey Brin acquired high-value residential properties in South Florida, according to a report by Bloomberg News.

Alphabet, Google’s parent company, reportedly signed a lease that adds 45,000 square feet to its existing 10,000-square-foot satellite office in Miami’s financial district.

Bloomberg cited two people familiar with the matter who said the expansion was driven in part by the recent relocation of the company’s co-founders to South Florida, as Fox Business reported.

Google first established its Miami office in 2016. Even with the additional space, the Florida location remains significantly smaller than the company’s headquarters in Mountain View, California, which spans more than 10 million square feet, and its Hudson Square campus in New York, which encompasses approximately 1.7 million square feet.

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Page and Brin stepped down from executive leadership positions at Google in 2019 but continue serving on the company’s board of directors.

Brin has also reportedly remained active in guiding Google’s artificial intelligence initiatives.

The office expansion follows a series of major real estate purchases by both co-founders.

According to an earlier Wall Street Journal report, Page purchased a waterfront compound in South Florida for $101.5 million in December.

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He later acquired a nearby residence for $71.9 million in early January, bringing his recent real estate purchases in the area to approximately $173 million.

Bloomberg reported that Brin subsequently purchased a $51 million waterfront home in Miami Beach after Page completed his acquisitions.

Brin has also been linked to the purchase of a $42 million mansion on the Nevada side of Lake Tahoe in December.

The reported relocations come as California voters prepare to decide a proposed constitutional amendment that would establish a one-time wealth tax on billionaires.

Under the proposal, taxpayers and trusts with more than $1 billion in covered assets would be subject to a one-time 5% wealth tax.

Revenue generated by the measure would be directed toward healthcare, food assistance programs, and public education.

The proposed tax would apply to a broad range of assets, including privately held businesses, securities, artwork, collectibles, and intellectual property.

Real estate holdings, pensions, and certain retirement accounts would be exempt under the proposal.

If approved by voters this November, the tax would apply retroactively to individuals who were California residents as of Jan. 1, 2026. Payments would become due with 2027 tax filings.

The proposal would also allow eligible taxpayers to pay the obligation in five equal installments. Any unpaid balance carried forward would be subject to an annual deferral charge of 7.5%.

Neither Alphabet nor Google publicly announced the reported lease expansion in connection with the real estate purchases. Bloomberg reported that sources familiar with the matter said the office growth was influenced in part by the presence of Page and Brin in South Florida.

The expansion reflects Google’s continued investment in Miami while maintaining its primary operations in California and New York.

The company’s Mountain View headquarters remains its largest campus, and the Miami office continues to represent a comparatively small portion of Google’s overall real estate footprint.

The developments also coincide with ongoing discussion about business investment, executive relocations, and tax policy as California voters prepare to decide the proposed wealth tax measure later this year.

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