Google Invests $2.4 Billion in Tech Hub Real Estate

By: Economic & Finance Report

It looks as if Google will be investing in NYC for the long term. The search engine giant, is closing in on a lucrative  $2.4 billion dollar real estate building, as an addition to its New York City portfolio.

Axios the online web publication reports that the deal seems to be “the priciest single handed real estate transaction on a building, in the history of New York City”. The building happens to be across the street from Google’s current campus facility, in the Chelsea neighborhood of Manhattan.

Google is not the only online mega company who has its sights on New York City, in early fall September 2017 specifically, Amazon indicated a long term economic contract with NYC, and NYS, to lease properties in the west end of Manhattan, and the borough of Staten Island, for the creation and hiring of 2,000 plus new Amazon employees. -SB

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