Apple has bought — for a mystery price — a big Cupertino office campus that the tech legend had leased for more than a decade.
CUPERTINO — Apple has bought — for a mystery price — a big Cupertino office campus that the tech legend had leased for more than a decade in a deal that solidifies the iPhone maker’s Silicon Valley foothold.
The purchase of the campus further cements Apple’s presence in Silicon Valley and was completed at a time when a narrative has emerged that tech companies are fleeing California in significant numbers and are scaling back their office holdings. The seller was a corporate entity that is wholly owned by Apple. That entity, public documents show, is a designated successor of the actual prior owner, a Swift Real Estate Partners affiliate entity whose sole business purpose was to own the properties that Apple has just bought.
Payment of a county transfer tax is not required In select cases, such as when the buyer and seller are essentially made up of the same people, companies, limited liability organizations, partnerships, or other business entities.
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