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Google Buys NYC Building For $1.9 Billion

By ^_^ in Current Events and Hot Social Topics

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^_^ Grand Master

^_^   5,021

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I think BN.COM used to be in this building. If so, I interviewed here a few years ago (with BN). Great location, there's a subway stop below the building.

Google Thursday closed on a 15-story building in Manhattan for a reported $1.9 billion.

The new acquisition covers a New York City block, encompassing 2.94 million square feet of space -- bigger than the Empire State Building, according to the Los Angeles Times. The former Port Authority building at 111 Eighth Avenue, in Manhattan's Chelsea district, was sold by Taconic Investment Partners, Jamestown Properties, and the New York State Common Retirement Fund.

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New York City's allure apparently is overcoming its reputation for high taxes and costly real estate. Within the past 12 months or so, Manhattan added 2,700 IT jobs, state labor statistics showed.

http://www.informationweek.com/news/infrastructure/management/showArticle.jhtml?articleID=228900135

 

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