https://www.siliconvalley.com/2022/08/09/historic-downtown-palo-alto-retail-building-buy-real-estate-develop/

PALO ALTO — An eight-decade-old retail building in downtown Palo Alto has been bought by a Bay Area real estate firm in a deal that points to ongoing interest in prime commercial sites in the Silicon Valley tech hub.

Constructed in 1938, the just-bought building is located at 384 University Ave. next to Waverly Street in one of the prime sections of downtown Palo Alto.