The office will be about 400,000 square feet, double the size of its current location, and include a conference center and state-of-the-art trading floor.
“We look forward to continuing to be part of the Newport Beach community, which is where our headquarters have been for the last 40 years,” a PIMCO spokesman said. “It’s about making sure our facility needs evolve with our growth. Over the past four to five years, we’ve grown significantly, and we’ve added a substantial number of people both in Newport Beach and around the world.”
