Google: Now Dominating Search, Online Advertising, and Manhattan Real Estate


Google just signed a contract to buy the building that houses its Manhattan offices — a 2.9 million-square-foot property at 111 Eighth Avenue and 15th Street in Chelsea. The deal is valued at close to $1.9 billion, the largest for any single building in the U.S. this year. Other tenants include Nike, Inc., Lifetime, and WebMD. Although the agreement isn’t finalized, it didn’t hurt that Google put down a large deposit. This is why it’s always good to keep $34 billion in the bank. You never know when you’ll need an office building. [WSJ]