The biggest local story in real estate is recent sale of former Storage Tek campus in Lousville. Sun Microsystems sold the property to a mysterious shell company that goes buy the name ST Acquisitions LLC for a cool 55 million. There’s been quite bit of debate about this mysterious company. Some think it’s a front for Google, others Yahoo, and maybe even Microsoft. If any one of these companies were eventually revealed as the buyer, it would be an augury of many high tech jobs that would surly come to the front range.
I have a guess as to who purchased it, and if I’m correct, it’s a tech company that has no plans to bring jobs to Denver. I think it’s Oracle, and I think they will sit on it for now.
Sun’s 55 million dollar real estate sale is big news for Denver, but not the biggest recent news for Sun. That story would be Sun’s acquisition of MySQL. My what? MySql is a database company. Their software helps to power this web site. They are an incredible nuisance to Oracle, who specializes in similar software. Oracle’s software might be more robust, but MySQL is open source. In other words, it’s free.
John C Divoric thinks Sun is acting as a front man for Oracle, and they they plan to buy MySQL in order to shut it down. Sun and Oracle are strategic partners. I think that’s as good a theory as anyone has come up with as to why Sun would want to buy MySQL.
Getting back to Louisville, Oracle may have purchased the property from Sun as quiet way to infuse some capital for the bigger MySQL purchase. Oracle may have nothing planned for the campus. It’s just a pawn in a bigger game. If that’s the case, it would explain why they used a mysterious shell company to buy it. It would also explain why they aren’t planning any new construction at the site. More than anything, it likely means that no new tech jobs are coming to Denver.