(Bloomberg) — PG&E Corp. said it plans to sell its iconic downtown San Francisco headquarters and relocate to Oakland, a move aimed at lowering costs after the California power giant exits bankruptcy.PG&E, which has called San Francisco its home since the utility’s founding in 1905, will move in phases starting in 2022, the company said in a statement Monday. It plans to lease its new building at 300 Lakeside in Oakland, with the option to purchase the property from developer TMG Partners.With the move, PG&E becomes one of the most high-profile companies to leave San Francisco for Oakland, a cheaper …read more
Source:: Yahoo Finance
