Schwab Abandons High-Tax San Francisco For New $100 Million Mega-HQ In Dallas, by Tyler Durden

Charles Schwab is leaving San Francisco for Dallas. It feels like the beginning of an exodus of corporations out of high-cost, high-hassle California. From Tyler Durden at zerohedge.com:

Charles Schwab’s $26 billion deal to acquire TD Ameritrade will result in the relocation of its San Francisco-based headquarters to Dallas-Fort Worth, reported The Wall Street Journal.

Schwab gave no timeframe on the transition to Westlake, a suburb of Dallas-Fort Worth, Texas. The region is considered one of the fastest-growing financial hubs in the country at the moment. The merger is expected to be completed in 2H20 and could take 12 to 36 months to integrate both firms completely.

Schwab’s new Dallas-Fort Worth campus will cost around $100 million, covers 70 acres with 500,000 square feet of office space.

Continue reading→

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.