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Less than a year after a historic deal to preserve 937 acres in Coyote Valley where tech giants Apple and Cisco once proposed building massive headquarters on San Jose’s southern reaches, a coalition of government agencies and environmental groups has completed a new $18 million deal to buy another key property in the area. In a sale that closed Monday, the groups purchased Tilton Ranch, an 1,861-acre expanse of rolling grasslands, oak trees and serpentine rock outcroppings in South Coyote Valley, north of Morgan Hill.
The 100 largest owners of private property in the U.S., newcomers and old-timers together, have 40 million acres, or approximately 2% of the country’s land mass, according to data from the Land Report and reporting by Bloomberg News.
