December 4, 2010

Google Buys NY Building

From article]
"The price? A cool $1.8 billion.

The deal is expected to close before year-end and pricing adjustments are still possible, sources said.

Google, which has more than $33 billion in cash on its balance sheet, did not have to put up a 10 percent deposit, these sources said, but did put up "serious money."
[. . .]
But Google made a compelling offer to buy all of the 3 million square footer that takes up a full block in Chelsea bounded by Eighth and Ninth avenues and 15th and 16th streets."

Google's $1.8 billion purchase in Chelsea at 111 Eights Ave. was fist reported by Post real estate columnist Lois Weiss
Google's $1.8 billion purchase in Chelsea
at 111 Eights Ave. was fist reported by Post
real estate columnist Lois Weiss

http://www.nypost.com/p/news/business/google_search_ends_3uhMPOgpGCbWbDOKXPAsNN

Google's search ends
Pays $1.8B for 111 Eighth Ave. blockbuster deal
By LOIS WEISS
New York Post
Last Updated: 4:08 AM, December 4, 2010
Posted: 11:56 PM, December 2, 2010

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