Google to Buy New York Office Building

Published by: Kelly Curtis on 3rd Dec 2010 | View all blogs by Kelly Curtis

Google to Buy New York Office Building

In what is being referred to as the biggest US real estate deal of the year, Google has signed a purchase contract to buy one of the largest office buildings in Manhattan for more than $1.8 billion. The Mountain View-based search engine reportedly put down a substantial deposit to secure the 15-story building, which is located at 111 Eight Ave. just north of the meatpacking district.

The deal, according to sources familiar with it, is expected to close before the end of the year. The deal signifies a rebounding real estate market, at least in the commercial sector, and reflects a vote of confidence by one of the world's largest tech firms in the New York City market.

The brick-constructed building covers an entire city block between 15th and 16th Streets, and is already home to Google's East Coast headquarters and 1,800 of its employees. The building's other tenants include Lifetime Entertainment, Barnes and Noble, Nike USA, and Deutsch Advertising. With 2.9 million square feet of space, more than the Empire State Building, the building has plenty of room for the search giant to grow.

Comments

0 Comments

Please login or sign up to post on this network.
Click here to sign up now.

Latest DT's

Listen to the New Song from Pantera

Recorded during the Vulgar Display of Power sessions, 'Piss' is the final unreleased track by Pantera. 'Piss' ... View DT's

1 month ago by Geno
Baylor Women Become 1st 40-0 NCAA Team in History, Men or Women

The Baylor women's basketball team dominated the Notre Dame Fighting Irish on Tuesday, earning the national title and becoming ... View DT's

1 month ago by dallaseste
Google Acquires Milk for Talent Including Digg Founder

Google Inc made a significant addition to its talent pool this week by bringing in Digg founder Kevin Rose and some other ... View DT's

2 months ago by Geno
Federal Reserve Posts $77 Billion Profit for 2011

The Federal Reserve issued its financial reports to the public on Tuesday, showing that it made a substantial profit of $77.4 ... View DT's

2 months ago by Geno
Jimmy Page to Release New Album of Lost Solo Tracks

Legendary Led Zeppelin guitarist Jimmy Page revealed over the weekend he has a new album coming out on Tuesday. Read More View DT's

2 months ago by Geno
Neil Young's "Americana" Due In June

Neil Young announced on Monday his upcoming "Americana" album will arrive in stores on June 5th. Read More View DT's

2 months ago by Geno
Garbage Debuts First New Single in 7 Years

Alternative rock veterans Garbage debuted a new song entitled "Blood for Poppies" Monday, making it available as a free ... View DT's

2 months ago by Geno
Dates Announced for KISS / Motley Crue Tour

KISS and Motley Crue, two of the most iconic rock acts ever, are hitting the road together this summer in what is being billed ... View DT's

2 months ago by Geno
Washington Redskins Give Up 3 No. 1 Picks for Robert Griffin III

According to a report from NFL Network contributor Jay Glazer, The Washington Redskins reached an agreement Friday night with ... View DT's

2 months ago by dallaseste