On December 15, Google and Apple announced that they have purchased more land in North San Jose as part of an expansion deal. Google confirmed the lease of two buildings at North First Street and East Trimble Road, with a total of 174,000 square feet.
San Jose Mayor Sam Liccardo is optimistic about what this means for San Jose's future. He pointed to the presence of other tech companies such as Silver Springs Network and Splunk as a sign of the city's rising popularity with these types of businesses. The mayor highlighted San Jose's ability to handle such growth, saying, "We welcome the scale and are happy to promote tech companies."
New businesses mean opportunity for continued growth and more jobs. Of course, there may also be challenges for the city and its residents as thousands of workers commute to the new sites. How the city responds to the increasing number of large companies buying or leasing land can make a difference in its livability for current residents. Zoning issues, land use and the impact on infrastructure are just some of the potential complications the city may face as more tech companies move to San Jose.
With our attorneys' experience in business law and commercial real estate, we understand the issues involved with new businesses, commercial landlords and tenants, property usage, and zoning and planning matters. If you have business or real estate law needs in California, you can discuss them with an experienced lawyer to learn about your options.
Source: www.mercurynews.com, "Google and Apple seal North San Jose property deals in tech expansion," George Avalos, Dec. 16, 2015.