Google Buying NY Office Building For $1.9 Billion

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An odd rumor that circulated in late October has now been confirmed.  Search and advertising giant Google is getting into real estate, signing a contract to buy an extremely large office building in New York City for about $1.9 billion. Google’s already a tenant in the building, but this move isn’t a simple "why rent when you can buy?" scenario.  …

Facebook Said To Rent Space On Madison Avenue

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Google and Facebook are often mentioned in the same breath these days, and now it seems that Facebook, like Google, may be interested in the New York real estate market.  Rumor has it Facebook’s leased some space at 335 Madison Avenue. This isn’t quite as impressive as Google’s $1.9 billion purchase of an entire office building, but Owen Thomas reported …