Dolby Puts Up $110M For New SF Headquarters

Law360, Chicago (June 27, 2012, 5:05 PM EDT) -- Audio tech specialist Dolby Laboratories Inc. will shell out nearly $110 million to purchase a 354,000-square-foot building in San Francisco's Mid-Market neighborhood from privately-owned real estate investment firm DivcoWest, Dolby said in a regulatory filing Tuesday.

The San Francisco-based audio company will move its headquarters to 1275 Market Street, which it has agreed to buy for roughly $109.8 million, the filing with the U.S. Securities and Exchange Commission said.

The audio company will be following fellow tech giant and new neighbor Twitter Inc. in its purchase...
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