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Old 01-26-2014, 07:46 PM
gmxyrlcv7 gmxyrlcv7 is offline
Join Date: Dec 2013
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During the 1990s, Pixar was located in rental space in Point Richmond. But Jobs realized that as part of their goal of producing 1 film each year they would need more space for all the people it would require to reach that goal. And not just space, but space built specifically to help the studio succeed, space that would encourage and enhance the collaborative culture that already existed.
So Fifteen years ago this month in 1997, with cash using their recently completed IPO, Pixar spent $5.8 million Insanity Workout Australia to buy 15 acres of land in Emeryville. Previously the land was home to a Del Monte canning factory. Groundbreaking occurred later that year and was carried out in 2000, with Insanity Workout the company moving into the building in November of 2000. The very first movie completed in the new building was Monsters, Inc.
To become more exact, Pixar had bought an option in 1996 for the purchase of the land which they then exercised in May 1997. A choice, as its name implies, gives the holder (in this case, Pixar) the option or choice of purchasing Michael Kors Outlet Canada the land. Pixar purchased the choice for $300,000 and was then given some set period Hollister Australia of time (probably 12 years) to exercise the option and purchase the land. If they decided they were no longer thinking about the land, they could allow the option expire and Hollister Dublin not be out anymore money (besides the $300,000 accustomed to buy the Louis Vuitton Ireland option). As Woolrich Parka Uk you can see, the option price was a small percentage from the total price Ray Ban Nz of the land, and provided Pixar the means to begin Air Jordan Shoes site development and architectural design while not having to fully fund the Longchamp Sydney entire purchase price.

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