Despite discounts, Snap Inc. struggles to sublease its initial office properties

When Evan Spiegel and his handful of employees outgrew his father’s Pacific Palisades house in 2012, they expanded Snap Inc.’s operation to a quaint beachfront bungalow on Ocean Front Walk. The “Blu House” would serve as the headquarters for the tech company that created Snapchat, a social media platform which allows users to send messages that disappear after they’re viewed. It only took a year for Snap to outgrow the bungalow, taking up a series […]

Source: Real Estate

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