Though Apple’s plan to develop and release an electric car has reportedly hit a few speed bumps over the past few months, the company seemingly has no intention of slowing down its car-oriented R&D anytime soon. According to a new report from The Wall Street Journal, Apple is currently eyeing an 800,000 square foot property in Silicon Valley as a testing ground for autonomous driving technologies it’s working on.
News of Apple’s interest in acquiring such a large parcel of land was sourced from Victor Coleman, the CEO of Hudson Pacific Properties Inc. For those unfamiliar, Hudson Pacific Properties a few years ago began buying up a ton of real estate in Silicon Valley, and today, the company commands an impressive inventory of real estate listings in the area. In any event, Coleman during a recent earnings conference call said that a number of big name companies – from Toyota to Google to Apple – have increasingly been eyeing large swaths of real estate across the entire Silicon Valley area.
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