Apple real estate


'Apple real estate' Articles

Apple Slated to Move Into New San Francisco Office in Late Summer

Apple could be ready to move into its new 76,000-square-foot leased office space in San Francisco by late summer 2016, according to Reuters. The new office, located at 235 2nd Street in the city's expensive South of Market neighborhood, will reportedly have enough space for about 500 workers upon completion. Apple currently has offices throughout the South Bay suburbs, including Cupertino, Sunnyvale, Santa Clara, and North San Jose, but some employees face an hour-plus commute along the heavily-trafficked Highway 101. Apple's new San Francisco office could help it recruit key employees who are reluctant to work outside of the city. The iPhone maker's modest expansion into San Francisco follows several other tech companies and startups, including Google, Uber, and Yelp, and its new office will appeal to young workers that prefer the city's nightlife, public transportation, and overall lifestyle. Apple will share space with CBS Interactive, the main tenant. Apple co-founder Steve Jobs advocated for a centralized campus that is "within walking distance of everyone," but increasing competition, lack of available office space in the South Bay area, and acquisitions like Beats and Topsy are likely driving forces behind its expansion beyond Silicon Valley.“Apple’s attitude has always been that you have the privilege of working for Apple, and if you don’t want to do it, there’s someone around the corner who does,” said Matt MacInnis, a former Apple employee who worked on the company’s education business and is now CEO of Inkling, an enterprise technology

Apple Gets Development Approval for 4.15 Million Square Foot Campus in San Jose

The San Jose city council has approved a development agreement for Apple that will give the company fifteen years to build "a maximum of 4.15 million square feet of space" within an 86 acre piece of land in north San Jose (via Silicon Valley Business Journal). Apple is still ironing out plans on exactly what it wants to do with the massive site, according to Kristina Raspe, senior director of real estate and development for the company. "The opportunity to purchase this site came very quickly to Apple," Raspe said, in response to a question from councilman Donald Rocha about the site's ultimate use. "It was something we jumped on without a firm plan. We’re still studying the site to determine the best use for us. At this point, it looks like it will be office and R&D." As Raspe pointed out, the San Jose campus will most likely be the focus of a headquarters for R&D and more company offices. Before today's agreement, the 4.15 million square feet of space was slowly purchased or leased by Apple over the past year. This week's development approval by the San Jose city council groups all of the company's previous acquisitions into one large project for the company to move forward with. San Jose mayor Sam Liccardo called the agreement "a long time coming" during the council meeting, given Apple's long-awaited entry into the Silicon Valley city. As pointed out by the Silicon Valley Business Journal, if solely built up as office space the new campus could house 16,000 employees for the company. When completed, it will be larger than the existing Infinite Loop campus, as

Apple Said to Open R&D Facility in QNX Hometown Kanata

Apple has leased a 22,100-square-foot office space in the G. Best Building, a multi-floor suite in Kanata, Ontario, a suburb of the Canadian capital Ottawa, according to the local newspaper Ottawa Business Journal. The report, citing "several sources," claims that Apple will use the building, located at 411 Legget Drive in the Kanata Research Park, as a R&D facility. The office would presumably operate under subsidiary Apple Canada. How Apple plans to use the alleged office space remains unknown, but Kanata is notable for being the hometown of BlackBerry subsidiary QNX Software Systems, which develops software for multiple in-car infotainment systems. At CES 2016, QNX introduced new platforms for automated driving systems, stirring speculation that Apple's new Kanata offices could be linked to the development of its own electric vehicle, which may or may not have self-driving capabilities. The much-rumored "Apple Car" could enter production by 2020. Apple Canada is headquartered at 120 Bremner Blvd in downtown Toronto, located about 250 miles west of the Ottawa region. (Thanks, Reni!)

Apple Buys Former Semiconductor Plant in North San Jose for $18.2 Million

Apple has purchased additional real estate in North San Jose, this time snapping up a 70,000 square foot building at 3725 N. First Street, reports the Silicon Valley Business Journal. Apple paid $18.2 million for the building, which formerly served as a manufacturing facility for Maxim Integrated Products, a semiconductor company. It is not known what Apple will do with the building, but a description of the real estate listing suggests it could be used for manufacturing or research and development. Analysts the Silicon Valley Business Journal spoke with believe it's likely to be used as research space for prototyping given its small size, and Apple said in a statement it is expanding into San Jose with office space and research and development facilities. Asked for comment, Apple provided an emailed statement that reads: "As we continue to grow, we're planning to build R&D facilities and some additional office space in San Jose. The property isn't far from the future home of our new campus and we're looking forward to expanding our presence in the Bay Area."In recent months, Apple has been purchasing large swathes of land around the Bay Area, primarily in North San Jose. Apple purchased a 296,000 square foot research and development building in May, it leased a 43-acre development site in August, and it leased a 202,000 square-foot office building in October. Much of the property may be turned into a massive 4.15 million square foot campus, according to talks Apple has had with San Jose city officials. Apple has also purchased a 770,000 square foot campus in

Apple May Build Massive 4.15 Million Square Foot Campus in North San Jose

Apple is hoping to sign an agreement with the city of San Jose that would allow it to build a massive campus in the northern part of the city, reports the Silicon Valley Business Journal. Apple is in talks with city officials over a development agreement that would lead to a campus up to 4.15 million square feet, larger than both its existing Infinite Loop campus and its second Apple Campus under construction in Cupertino.The draft agreement, which is not yet completed, will come before the city's Planning Commission later this month, officials said. It would lock in development rights -- and expectations for both sides -- for the next 15 years in an area that sprawls across 86 acres north of Highway 101 across from the Mineta San Jose International Airport.Apple has already bought or leased much of the land that would house the campus in a series of real estate deals that have happened over the last few months. Apple purchased a 296,000 square foot research and development building in May, and it leased a 43-acre development site in August, which is approved for up to 2.8 million square feet of office space. Apple has also leased a nearby 202,000 square-foot office building. The agreement covers all three of these sites. According to the Silicon Valley Business Journal, the development agreement is not the same as a concrete project and gives no guarantee that Apple will build on the space, but given Apple's land grab in the area, it seems the company has plans for something big. Along with its expansion into North San Jose, Apple has also purchased or leased

Apple Expands in North San Jose With Lease of 'Tech Place on 101' Building

Apple has leased Tech Place on 101, a 202,000-square-foot building under construction at 2509 Orchard Parkway in north San Jose, California, according to the San Jose Mercury News. The new building is located next to a large parcel of vacant land, owned by realty firm Steelwave, where up to two more office buildings could be built to accommodate around 3,000 workers. Steelwave render of Tech Place on 101 building in north San Jose Apple, headquartered in nearby Cupertino, has been steadily expanding its presence in the Bay Area. In north San Jose, it owns or leases multiple properties along Orchard Parkway, between North First Street and U.S. Highway 101, including the 296,000-square-foot 101 Tech R&D building and a massive 43-acre development site approved for up to 2.8 million square feet of office space. Apple's north San Jose campus could potentially employ up to 20,000 workers."They are taking this building to control that entire neighborhood," said David Vanoncini, a managing partner with Kidder Mathews, a commercial realty firm. If all the sites were built out to their full capacity, over time, Apple potentially could employ up to 20,000 workers on the north San Jose properties.The company also reportedly expanded into San Francisco for the first time in July, leasing a 76,000-square-foot office space in the popular South of Market (SoMa) neighborhood, and further bolstered its Bay Area presence by acquiring a 770,000-square-foot property in Sunnyvale. Apple now has real estate in five Bay Area cities, including Cupertino, San Francisco, San Jose,

Apple Expands Bay Area Presence With New 'Second Spaceship' Lease

Apple has acquired additional land in the Bay Area, inking a deal with Landbank Investments for an upcoming 770,000 square-foot campus at Central and Wolfe in Sunnyvale, California. According to the Silicon Valley Business Journal, Apple has leased the property for an undisclosed amount of money. The upcoming campus is notable because current plans call for an amorphous design that eschews the traditional square office building. The space is advertised via the website "Not Another Box," which describes the curved structure as "the blending of art, science, and nature." It is not yet known if Apple's deal for the space will call for modifications on the planned design, however. One caveat: It's unclear whether the project will be built according to that design, from architecture firm HOK, or if Apple and Landbank will want to modify it in some way. At this time there's no indication it will change substantially, and indeed Landbank has made the signature look a key selling point, with a website that highlights the out-of-the-box design. (That same website also features a quote from Walter Isaacson, Apple co-founder Steve Jobs's biographer.)Construction of the Central and Wolfe campus was approved last year and will see nine existing buildings razed in favor of a new structure. The location is approximately five miles north of Apple's second campus in Cupertino and is near other Apple office buildings in the Sunnyvale area. In recent years, Apple has been expanding rapidly in the Bay Area near its main Cupertino campus. In addition to its "Spaceship" campus that's

Apple Purchases Massive 43-Acre Development Site in North San Jose

Shortly after leasing a 300,000 square foot campus in North San Jose, Apple has expanded on its real estate holdings in the area, buying a 43-acre development site at 2347 North First Street for more than $138 million. According to the Silicon Valley Business Journal, the site, which consists of undeveloped land, is approved for up to 2.8 million square feet of office space, much like Apple's Campus 2 location in Cupertino. Apple has not submitted building plans for the site, and it is unclear what the company plans to do with the land. Map showing land bought by Apple and other available real estate in the same North San Jose area Apple is expanding rapidly in the Bay Area. In addition to the second Cupertino campus and the 300,000 square feet of space leased in San Jose in July, the company made its first real estate lease in San Francisco last week, signing a deal for 76,000 square feet of office space. Along with office space, Apple is also said to be seeking additional space for both industrial purposes and research and development, possibly for undisclosed projects like its Apple Car. What's interesting in the latest transaction is that Apple opted to buy, not lease. It's possible Apple wants more control over whatever it does there, and simply felt more comfortable owning the land. In addition to office space, Apple has been in the market for broad swaths of heavy R&D and industrial space, industry observers tell me. The latter could be read as a tantalizing sign of Apple's interest in manufacturing, though such a possibility is for now market speculation.

Apple Expands Into San Francisco With New Office Building Lease

Apple has offices located around the Bay Area, in Cupertino, Sunnyvale, Santa Clara, and San Jose, but for the first time, the company is planning to expand into San Francisco. According to the San Francisco Business Times, Apple has leased 76,000 square feet of office space in the popular South of Market neighborhood (SoMa) in San Francisco. Many startups and major tech companies are located in San Francisco, in the very neighborhood Apple is moving into. It is not clear what Apple plans to do with the office space, but Beats Music leases office space in San Francisco, so it's possible Apple will house its Apple Music employees in the city. Though Apple's offices have long been located in the South Bay, many employees live in the city and face a daily hour-long commute by car or Apple bus, so San Francisco office space for at least some of the commuters will likely be welcome news. The ability to work in San Francisco could also help Apple recruit key employees that are reluctant to work outside of the city. In the building Apple plans to sublease through 2022, employees will share office space with CBS Interactive, the main tenant. The 76,000 square foot space could accommodate an estimated 400 to 500 employees. It's not known what Apple is paying to rent the space, but SoMa is one of San Francisco's most expensive areas due to its popularity with tech companies. On average, rent in SoMa costs $66 per square foot, so Apple is likely paying millions of dollars per year to occupy the space. News of Apple's San Francisco lease comes shortly after news that the

Apple Expands Seattle Presence With New Lease at Two Union Square

Apple has agreed to lease office space in the Two Union Square skyscraper in downtown Seattle, according to Bloomberg. The report claims that Apple will occupy the 44th floor and half of the 45th floor in the 56-story office building, which is a roughly 30,000-square-foot space that can house 120 to 200 employees based on standard corporate leasing ratios. Seattle has become a hotbed recently for Silicon Valley companies because of its talent pool and lower cost of living compared with the San Francisco Bay Area, with Amazon, Facebook, Google and Alibaba Group among the tech giants with offices in the region. Apple opened its first engineering office in the city last year after acquiring Union Bay Networks. Apple has hired more than 9,000 employees in the last year and now has a worldwide headcount of about 115,000, according to the report. The company's existing Seattle office focuses on core infrastructure services such as iCloud, suggesting the northwestern U.S. city could serve as a hub for its rumored high-speed content delivery network for faster cloud

Apple Considering Major Corporate Expansion in North San Jose

Apple is considering a major corporate office expansion in northern San Jose, California, according to the Silicon Valley Business Journal. The report claims that Apple is shopping at least two properties that it could lease in the city: Ellis Partners' 296,000-square-foot 101 Tech R&D building along Orchard Parkway and the 1.5-million-square-foot Coleman Highline development site near the Mineta San Jose International Airport. Ellis Partners' 296,000-square-foot 101 Tech R&D building along Orchard Parkway With limited real estate options remaining in its Cupertino, California hometown, Apple has expanded to nearby Santa Clara and Sunnyvale in recent years. But with a growing demand for additional office space, beyond its existing One Infinite Loop and upcoming Campus 2 headquarters in Cupertino, the company could soon make its first big splash in San Jose, the largest city in Silicon Valley."If Apple does do some kind of expansion into North San Jose, it may have more to do with simple availability than anything else given the lack of building sites closer to Apple’s home," the report claims. "That’s not necessarily a bad thing, but simply the path of progress. And San Jose could finally be in the middle of it."The report claims that some other companies including Tesla have shown interest in the real estate properties, and notes that it is possible the company does not sign a deal in the end. San Jose is home to a number of large technology companies, including Adobe, Cisco, eBay and IBM, but the city has failed to attract heavyweights such as Facebook, Google and

Apple Planning Major Expansion of Oregon Data Center

Apple is planning a large-scale expansion of its Prineville, Oregon data center, according to The Oregonian. The report claims Apple is likely to expand upon its current 338,000-square-foot data center with a matching facility and massive solar array this year, after Oregon governor Kate Brown signed a tax bill last week that will exempt Apple and other tech companies from facing millions of dollars in additional property taxes. Apple's data center in Prineville, Oregon (Randy L. Rasmussen/The Oregonian) Apple is now planning to move forward with its data center plans, according to Judge Mike McCabe, Crook County's top administrator, although exact details surrounding the project are said to remain under negotiation. "They're planning on a major, major expansion," said McCabe. "They haven't shared it with us," he said, "and we haven't seen the plans." Apple began construction on the first phase of its Oregon data center in October

Apple Leases Major New Office Campus in Cupertino to Support Continued Growth

While Apple's plans for a stunning new corporate campus in Cupertino have received a significant amount of attention, that facility won't be ready to open until at least 2015, and Apple certainly hasn't stopped growing to wait for the new campus to come on line. The San Jose Mercury News is now reporting that Apple has agreed to lease a nine-building office campus in Cupertino capable of housing up to 1,300 employees.The lease deal in the old Measurex campus, now known as Results Way Corporate Center, allows Apple to rent 373,000 square feet. City officials and industry experts with direct knowledge of the transaction confirmed the rental deal. "This is all good news for the city," said Kelly Kline, Cupertino's city economic development manager. "Apple is the premier corporation in Cupertino."Real estate brokers note that Apple's move puts a further squeeze on the Cupertino and Mountain View markets that are nearly out of potential space for future office space needs, as Google, Facebook and others have also snatched up significant amounts of space. The dearth of additional available space leads to questions about where else Apple might be able to expand if even more space is required before it can open its new 12,000-employee facility on an old HP campus in Cupertino just a short distance from Apple's current headquarters campus.