Google Buys $1.9 Billion Building in New York – Report

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Google seems to just be tossing the billions around, these days. The company was said to have offered $6 billion to be Groupon late last month, and now it has apparently purchased a 2.9 million square foot building on Eighth Ave in Manhattan. According to The Wall Street Journal, the $1.9 billion is the largest sum paid for a building in 2010.

Google also rents out property in the building–500,000 square feet, at present. The building was purchased from the New York State Common Retirement Fund, Jamestown (a real-estate company), and Taconic Investment Partners .

The 18 story building at 111 Eight Avenue is said to be the fourth largest office building in New York City. Google has yet to confirm the purchase of the property.

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