Malcolm Owen
Apple is continuing to cement its position as a major part of Cupertino, with the iPhone maker expanding its real estate portfolio with the purchase of two office buildings within the Cupertino City Center district for $290 million.
The two buildings, named Cupertino City Center 1 and Cupertino City Center 2, are located on the corner of Stevens Creek Boulevard and Torre Avenue, documents filed with the Santa Clara County Recorder's Office on Monday reveal. The buildings were bought for a total of $290 million, though the price of each individual building is currently not available.
The buildings offer space of 168,000 square feet and 146,000 square feet, The Mercury News reports. The City Center district, where the buildings are located, consists of a mix of residential property, along with other office buildings, restaurants and a hotel.
The purchases are a continuation of Apple's long-time association with Cupertino, with the company continuing to buy more property in the area to expand its operations. The most prominent property in Apple's portfolio is Apple Park, the company's headquarters, famous for its large "spaceship" ring-shaped building.
"Apple really like being in Cupertino, and this is a way for them to solidify their presence there," commented real estate firm Cushman & Wakefield executive managing director Eric Fox. Apple employs some 24,000 people in the city.
The vast amount of property Apple owns in Cupertino has led it to take part in a number of initiatives to improve the city. In April, the company proposed to pay $9.7 million to the city towards a selection of eco-friendly transportation projects across Cupertino, including bikeways and better sidewalks, shortly after the city agreed to delay tax changes that would have cost Apple $9 million.
Apple also owns property in Sunnyvale, and has 85 acres of land and buildings in north San Jose, among other locations.
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21 Comments
As I've asked so many times before, WTF do all these people at Apple do? It's not like we've seen major software upgrades or a new major line of products. Most enhancements have been largely incremental and IMO QA isn't what it once was. Siri is still largely crap and they've had years to improve it.
When we read specifics about particular teams, it seems like the tech teams are far smaller than one would expect especially consider the huge increases in staff.
So Apple has Apple Park, they still have the original Infinite Loop location, they haven't seemed to have moved out of all the random office space around those buildings when they originally said they would consolidate (correct)? and they've got Campus 3, north of Apple Park and that's aside from all the other server farms and offices in other parts of the country and now they need even more office space in Cupertino?
So unless Apple has a ton of people working on some very secret project, I'm puzzled as to why they need all this staff and all these facilities.
Can some please provide a link to google maps or google earth so I can click and find it?
Actually, Apple has *tons* of office space in Cupertino. They're definitely not just in Apple Park and the Infinite Loop campus. If you ever drive around Cupertino, you'll see so many Apple logos outside of (seemingly) every office building that you'll think you're driving through apple orchards.
Apple has had offices in those building for years already.