Apple buys 9 more acres in Cupertino

Apple Store“Apple Inc. has bought nine acres in Cupertino from Kevin Wu’s Pacific Resources Development company, according to county records… Santa Clara County Assessor’s Office online records list the value of the two properties — at 10300 and 10400 North Tantau Avenue — at about $16 million,” Cody Kraatz reports for Media News.

Apple “also owns a 50-acre parcel on the other side of North Tantau Avenue where it is expected to build a campus for up to 3,500 of its employees who currently work in buildings spread around the city,” Kraatz reports.

Full article here.

See the map via setteB.IT: http://www.setteb.it/content/view/1452

Related articles:
Cost of Apple’s second 50-acre Cupertino campus could top $500 million – April 25, 2006
Video: Steve Jobs meets Cupertino City Council – April 22, 2006
Transcript: Apple CEO Steve Jobs addresses the Cupertino City Council – April 20, 2006
Apple CEO Steve Jobs plans new 50-acre campus in California – April 19, 2006

42 Comments

  1. This is actually HUGE news. I remember reading an investment book that mentioned to keep an eye on the parking lots. When companies have parking lots that are full into the night and weekends, they are going through a growth phase.

    Using the same thought process, when they buy up 9 acres, they are very optimistic about their future. To me, this says that they are going to be adding A LOT more employees. That also means new product lines and a lot more growth. Great time to own shares.

    This information would show growth over the next 2-5 years.

  2. Yeah – go Apple! Buy some bloody land, build some more bloody labs, employ some more bloody software engineers and stop bloody delaying stuff!!! ” width=”19″ height=”19″ alt=”angry” style=”border:0;” />

    Please…

  3. No, the land is not for parking spaces or research facilities or anything else that is even remotely mundane and useful. Apple is building a theme park with all our favorite Apple characters (Moof the Dogcow, Sad Mac, Steve Jobs), low carbon footprint rides, deep-fried organic foods, and music piped in from iTunes. C’mon, kids, we’re going to Apple World!

  4. $16 million for 9 acres!!! Is real estate that expensive in Cali? Hopefully a few buildings come with those 9 acres.
    ” width=”19″ height=”19″ alt=”wink” style=”border:0;” />

  5. Dolita,
    I hope you are kidding… 4 months vs. 4 years? I’m going to go out on a sturdy limb here and suggest that the new features coming for Leopard (such as full multi-touch integration, core animation driven interfaces, and much, much more are going to completely change the face of personal computer use in the next 3 years. I can wait, Tiger’s great. It’ll give me time to have fun with my iPhone over the summer.

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