Apple spends half a billion dollars on California real estate in a week — is Tim Cook planning something big?

Time of India

a day ago

Tech giant
Apple
Inc. has made headlines this week with a massive real estate buying spree in California's South Bay, spending over $517 million on commercial properties in Santa Clara County, underscoring its deepening roots in Silicon Valley.
Major Sunnyvale Acquisition Caps Week of Aggressive Expansion
In its latest move, Apple purchased a prominent two-building office campus in Sunnyvale for a staggering $350 million, county records filed on June 26 confirmed. Located at 615 and 625 North Mathilda Avenue, the 382,500-square-foot complex—known as
Mathilda Commons
—was previously leased by Apple from real estate heavyweight Jay Paul Co.
This deal represents one of Santa Clara County's costliest office acquisitions in 2025 so far and exceeds the campus's most recent assessed value of $292.8 million by nearly 20%, signalling a significant vote of confidence in the area's commercial property market, as per a report by Silicon Valley.
Cupertino Deal Adds to Weekly Spending Surge
Just two days prior, Apple completed another major transaction, acquiring a three-building office campus at 10200 North Tantau Avenue in Cupertino for $166.9 million, also transitioning from tenant to owner. With both deals combined, Apple has secured five office buildings this week alone, taking its South Bay property purchases to over half a billion dollars in just seven days.
Commenting on the acquisitions, Kristina Raspe, Apple's Vice President of Global Real Estate and Facilities, stated:
'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.'
Live Events
Mathilda Commons Could House Nearly 2,000 Employees
The recently purchased Sunnyvale property, besides being one of the priciest in recent memory, could also become a vital operational hub. Experts estimate the campus has the capacity to accommodate between 1,500 and 1,900 employees, bolstering Apple's presence beyond its famed Apple Park headquarters.
The move reflects Apple's long-term real estate strategy of converting leased spaces into owned assets, a trend that the Cupertino-based firm has followed consistently in recent years.
A Pattern of Strategic Acquisitions
Apple has been steadily expanding its footprint across Cupertino, Sunnyvale, and other parts of the South Bay by acquiring properties it already occupies. Notable past purchases include:
A $450 million acquisition in 2021 of a five-building campus near North De Anza Boulevard and Mariani Avenue.
A 10-building campus known as 'Apple Results Way' in 2023, with the transaction value kept confidential.
A $70 million office building at 10200 North De Anza Blvd. in 2023, reportedly acquired at a 35% discount on market value.
Interestingly, Apple also sold one of its South Bay holdings this year—a property in north San Jose, offloaded to Samsung for $27 million in February 2025.
FAQs
What did Apple purchase most recently in Silicon Valley?
Apple purchased a two-building office campus known as Mathilda Commons at 615 and 625 North Mathilda Avenue in Sunnyvale for $350 million.
How large is the Sunnyvale property Apple just bought?
The Sunnyvale campus spans 382,500 square feet and has capacity for 1,500 to 1,900 employees.