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PG&E closes deal to buy Oakland headquarters for record $900 million

Price of nearly $1,000 per square foot is far above recent deals for region
PG&E said buying its Oakland headquarters at 300 Lakeside Drive would ultimately save ratepayers money. (CoStar)
PG&E said buying its Oakland headquarters at 300 Lakeside Drive would ultimately save ratepayers money. (CoStar)
CoStar News
June 4, 2025 | 10:16 P.M.

Pacific Gas & Electric has closed a deal it laid out in 2023 to buy its Oakland headquarters after relocating to the city from San Francisco in 2020, a move it billed at the time as a cost-saving move.

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