Google, Lendlease Scrap $15 Billion Actual-Property Growth in Silicon Valley

SYDNEY—4 years in the past, Google and Australia’s Lendlease rolled out a imaginative and prescient for a greater than $15 billion real-estate funding within the San Francisco Bay Space that includes residences, outlets and new workplace area.

Now, these plans are on the scrapheap, the most recent instance of U.S. tech leaders dumping workplace area at a fast clip as they reassess commitments to the office.