Broadcom buys its Irvine office building

Sept. 14, 2026 12:49 PM PT Computer chip and software developer Broadcom purchased the Irvine office compound it rented in the latest example of a well-funded company taking advantage of depressed real estate prices to switch from renter to owner.Broadcom paid its former landlord, PRP Real Assets, $325 million for the 660,000-square-foot research campus near the junction of the 5 and 405 freeways in one of the largest office sales in Southern California in recent years.The unusual deal was a reacquisition for Broadcom, which developed the property as an office and research-and-development complex before selling the campus for roughly $443 million in 2017. At that time, it agreed to lease it for 20 years, real estate data provider CoStar said. PRP acquired the campus for $355 million in 2020.The campus consists of two five-story office buildings at 15101 and 15191 Alton Parkway. Completed in 2017 and 2018, the campus was designed to be Broadcom’s corporate headquarters with significant research-and-development capabilities.Broadcom, now based in Palo Alto, is one of the world’s largest semiconductor and infrastructure software companies. It makes components for iPhones, optical netw...