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Friday, December 24, 2010

Google Plans New York Expansion: Buys $1.8 Billion Building ,

In a sign that Google (GOOG) is gearing up to hire more people in the largest U.S. city, the company on Wednesday announced it has bought a 15-story building in New York. Google paid more than $1.8 billion for the building, which formerly housed the Port Authority headquarters, according to The New York Times.

The company has been leasing space in the Chelsea building since 2006 and almost 10% of its employees work there. With 2.9 million square feet spread over a city block, the building -- at 111 Eighth Ave. -- is larger than the Empire State Building.

See full article from DailyFinance: 23 Dec 2010