Google Buys Manhattan Office/Telecom Hub

1sockchuck writes "Google will soon own one of the world's choice pieces of Internet real estate. The company has reportedly signed a contract to buy 111 8th Avenue in New York for an estimated $1.9 billion — or about $250 million more than Google spent to buy YouTube. The building serves as Google's main New York sales office, but is also one of the city's main telecom hotels, housing major data center operations for Digital Realty Trust, Equinix, Telx and dozens of network providers. Google currently has about 500,000 square feet of office space at 111 8th Avenue."