“Apple Computer Inc. has been quietly but consistently leasing tens of thousands of additional square footage in its hometown of Cupertino, beginning at the end of 2004 and continuing into this year, according to public records and commercial real estate sources,” Sharon Simonson reports for The Silicon Valley / San Jose Business Journal. “Since December 2004, the city of Cupertino has received seven applications from Apple for new business licenses at seven different Cupertino addresses involving just more than 250,000 square-feet, according to Cupertino finance department records.”
Simonson reports, “In total, Apple has paid city business license fees or filed an application for a business license with the city of Cupertino on locations totaling more than 2 million square feet, city records show. That total includes its six-building world headquarters campus at 1 Infinite Loop, which represents about 850,000 square feet of the total… The company’s strengthening business climate and expanded hiring have been well-documented. Apple reported one-year sales growth of more than 33 percent to $8.28 billion for the fiscal year that ended September 2004. Its net income for the year was $276 million.”
Simonson reports, “In the same fiscal year, its employee headcount grew by 23 percent to nearly 13,500, according to the Hoovers reserach firm… Jim Beeger, a senior vice president with Cornish & Carey Commercial, a regional real estate brokerage, says ‘Apple is very quietly going around and taking 20,000 feet here and 30,000 feet there and really doing it quite quietly. Ironically, a lot of these buildings Apple moved out of in the 1990s.'”
Full article here.
Which reminds us: TPS reports are due this afternoon.