Tuesday, December 21, 2010

...Google

Google bought a New York City block, massive and major. The building is the 111 Eighth Ave. in Manhattan's Chelsea neighborhood. Google already was a tenant in the building, but that was not good enough. They now own this 2.95 million square foot building that cost a firm $1.8 billion dollars. How did Google pay for it? With cash of course. Earlier this tear Apple bought an acre of land for $1.7 million to expand their current iTunes facility in North Carolina. The land was purchased for $6000 four years ago. That was crazy, this Google buy is smart. The building was originally developed as the headquarters of the Port Authority of New York and occupies an entire square block between Eighth and Ninth avenues and 15th and 16th Streets. It is the second largest building in New York City. I would do the same thing, but I would turn it into one massive mansion for myself, just myself. But anyway I am giving Google a Digit Up because this is just awesome.

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