Google buys a New York building for $2.1 bn to build an office campus
Interiors

Google buys a New York building for $2.1 bn to build an office campus

This is the greatest real estate transaction in the United States for an office building since the beginning of Covid-19's global expansion, according to Real Capital Analytics, as reported by the Wall Street Journal.

The premises in Manhattan, which are located on the site of a former train terminal in the Hudson Square area, are already rented by Google. The ultimate site will be spread out over three buildings between Hudson and Washington Streets, with two of them now under construction.

The business, based in Mountain View, California, has made additional multibillion-dollar investments in New York City, including the $2.4 billion acquisition of the Chelsea Market building.

In a statement, Google's CFO Ruth Porat stated, "Google has been privileged to call New York City home for more than 20 years, during which time we have expanded to 12,000 people." "Google is leading the way here in our economic resurgence," said New York Mayor Bill de Blasio in response to the announcement.

Also read

This is the greatest real estate transaction in the United States for an office building since the beginning of Covid-19's global expansion, according to Real Capital Analytics, as reported by the Wall Street Journal.The premises in Manhattan, which are located on the site of a former train terminal in the Hudson Square area, are already rented by Google. The ultimate site will be spread out over three buildings between Hudson and Washington Streets, with two of them now under construction.The business, based in Mountain View, California, has made additional multibillion-dollar investments in New York City, including the $2.4 billion acquisition of the Chelsea Market building.In a statement, Google's CFO Ruth Porat stated, Google has been privileged to call New York City home for more than 20 years, during which time we have expanded to 12,000 people. Google is leading the way here in our economic resurgence, said New York Mayor Bill de Blasio in response to the announcement.Also readhttps://www.constructionworld.in/latest-construction-news/real-estate-news/interiors/woodenstreet-to-expand-in-tier-2-cities-with-investment-of-8-10-cr-/29339https://www.constructionworld.in/latest-construction-news/real-estate-news/interiors/mnc-giant-opens-its-first-office-in-hyderabad-/29611

Next Story
Infrastructure Urban

CONCOR Launches Double-stack Service Between NCR and Varnama

State-run Container Corporation of India (CONCOR) has launched double-stack container train services between the National Capital Region (NCR) and Varnama near Baroda. This initiative aims to facilitate customers at Nhava Sheva near Mumbai, home to Jawaharlal Nehru Port (J N Port). On December 21, the first double-stack container train from Khatuwas and Dadri in NCR reached CONCOR’s Gati Shakti Multimodal Cargo Terminal (GCT) at Varnama, situated along the Western Dedicated Freight Corridor (WDFC). The train carried export cargo destined for J N Port, according to a statement from the state..

Next Story
Infrastructure Transport

Less than 10% of Rs 40 Billion State-aid for Shipbuilding Utilised

A government-sanctioned financial assistance program worth Rs 40 billion, intended to support local shipbuilders over a decade starting in April 2016, has seen minimal utilisation, with only Rs 3.85 billion—less than 10 per cent of the total fund—disbursed thus far. With 15 months remaining before the scheme concludes, its uptake has been limited. The financial aid applies to shipbuilding contracts signed between April 1, 2016, and March 31, 2026. According to a written response provided by Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal to the Rajya Sabha on December ..

Next Story
Infrastructure Transport

Civil Aviation Minister Opens New ATC Tower at Indore Airport

The Minister for Civil Aviation, Ram Mohan Naidu Kinjarapu, inaugurated the new Air Traffic Control (ATC) Tower-cum-technical block at Devi Ahilyabai Holkar International Airport in Indore, Madhya Pradesh. During the inauguration, the minister toured the facility, where ATC experts explained various technical aspects of tracking and coordinating flights from the newly constructed tower. In addition to the ATC tower, the airport has also introduced a zero-waste plant. The union minister confirmed that this initiative aligns with the government’s commitment to sustainability. Minister Ki..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000