Apple just bought another Bay Area campus for $350 million

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Apple has added a $350 million campus to its growing Bay Area portfolio, spending over half a billion dollars on local real estate this week.

Modern office buildings with glass facades flank a landscaped courtyard featuring illuminated pathways, trees, and benches, creating an inviting atmosphere at dusk.
Image Credit: Jay Paul Company



Apple has been on a Bay Area shopping spree this week. Earlier we learned that it bought the Tantau office complex for $160 million -- but it seems like Apple still had money to burn.

Its newest acquisition is a two-building campus located at 615 and 625 North Mathilda in Sunnyvale, Santa Clara County. The location is just under seven miles from Apple Park.

"The Santa Clara Valley has been home to Apple for more than 40 years, and we're proud to continue investing in world-class facilities for our teams here," Kristina Raspe, Apple's Vice President of Global Real Estate and Facilities told SilliconValley.com

The two-building office complex is just over 380,000 square feet and could provide enough space for 1,500 to 1,900 workers.

Apple paid a pretty penny for the property, too. Documents filed at the Santa Clara County Recorder's office list the sale at $350 million.

That means that this week alone, Apple has dropped more than half a billion dollars in Santa Clara County real estate.

Apple had previously leased both properties, a typical move for the company before making a purchase. In 2022, it acquired a longtime Cupertino office it had rented since 2011.



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Comments

  • Reply 1 of 7
    MassiveAttackmassiveattack Posts: 113member
    Apple should build data centers as Apple has committed. 

    williamlondonmacgui
     0Likes 2Dislikes 0Informatives
  • Reply 2 of 7
    Mike Wuerthelemike wuerthele Posts: 7,159administrator
    MassiveAttack said:
    Apple should build data centers as Apple has committed. 

    It's not either/or.
    ihatescreennames
     1Like 0Dislikes 0Informatives
  • Reply 3 of 7
    bonobobbonobob Posts: 409member
    MassiveAttack said:
    Apple should build data centers as Apple has committed. 

    Apple should build data centers centers when they need them. 
    macxpress
     1Like 0Dislikes 0Informatives
  • Reply 4 of 7
    MassiveAttackmassiveattack Posts: 113member
    bonobob said:
    MassiveAttack said:
    Apple should build data centers as Apple has committed. 

    Apple should build data centers centers when they need them. 
    I am sure they are going to need them since they want to strive for on-device AI. 
    But..Yeah..Apple is always late.
    macxpressdanoxwilliamlondonmacgui
     0Likes 4Dislikes 0Informatives
  • Reply 5 of 7
    jeff fieldsjeff fields Posts: 175member
    MassiveAttack said:
    bonobob said:
    MassiveAttack said:
    Apple should build data centers as Apple has committed. 

    Apple should build data centers centers when they need them. 
    I am sure they are going to need them since they want to strive for on-device AI. 
    But..Yeah..Apple is always late.
    You don't seem clear on what "on-device" means. Hint: it means you don't need data centers to support it.
    sunman42mpantonewilliamlondonmacguiihatescreennames
     5Likes 0Dislikes 0Informatives
  • Reply 6 of 7
    macxpressmacxpress Posts: 5,996member
    MassiveAttack said:
    bonobob said:
    MassiveAttack said:
    Apple should build data centers as Apple has committed. 

    Apple should build data centers centers when they need them. 
    I am sure they are going to need them since they want to strive for on-device AI. 
    But..Yeah..Apple is always late.

    Very bone headed comment since they're specifically working to achieve "on device" AI. The entire purpose of what they're working on is avoiding using servers for AI.

    And I'm so sick and tired of hearing Apple is always late to things. Who friggin' cares who did something first. First doesn't mean anything if it's a shit product (which is usually is because you rushed it to market just to say I'm first). It doesn't matter who did it first, it matters who did it better in the end. 
    williamlondonmacgui
     2Likes 0Dislikes 0Informatives
  • Reply 7 of 7
    cincyteecincytee Posts: 427member
    I know, critical mass of employees, Bay Area ecosystem, blah, blah, blah. When will these worldwide companies realize that they'd save hundreds of millions of dollars by putting some of these facilities in noncoastal cities? The employees would probably like being able to afford housing, too.
    edited June 30
     0Likes 0Dislikes 0Informatives
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