Feb 6, 2018

Google to acquire NYC's Chelsea Market building for over $2 billion

The Chelsea Market building. Photo: George Rose/Getty Images

Google is on the verge of spending billions on another major building in Lower Manhattan, Mark Maurer reports at The Real Deal.

Why it matters: Tech's growing real estate presence in New York is a reflection of its massive clout and power. Amazon signed a lease last fall, for example, on more than 350,000 square feet of additional office space elsewhere in Manhattan.

The details: The Real Deal reports that Google is nearing the purchase of the Chelsea Market building from real estate company Jamestown. The price will reportedly exceed $2 billion.

  • The company has a lot of office space in the building — which is famous as a retail hub. "Google was expected to try and muscle out other tenants at the building, where it has been rapidly swallowing up space, expanding with each lease expiration at the property," Maurer reports.
  • The building sits across 9th Ave. from Google's primary office building in New York. Both of the buildings are very large, with each spanning an entire crosstown block.

Go deeper

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 2 p.m. ET: 1,309, 439 — Total deaths: 72,638 — Total recoveries: 273,546Map.
  2. U.S.: Total confirmed cases as of 2 p.m. ET: 347, 003 — Total deaths: 10,335 — Total recoveries: 18,953Map.
  3. 2020 update: Wisconsin governor issues executive order to delay in-person primary voting until June.
  4. Public health latest: Asymptomatic children could play important role in coronavirus spread, new data from the CDC shows.
  5. States' latest: West coast states send ventilators to New York and other states experiencing a more immediate need — Data suggests coronavirus curve may be flattening in New York, Gov. Andrew Cuomo said.
  6. Jobs latest: Unemployment could already be at 13% "and moving higher," per former Federal Reserve Chair Janet Yellen.
  7. What should I do? Pets, moving and personal health. Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.

Wisconsin governor issues order to delay in-person primary voting until June

Photo: Nuccio DiNuzzo/Getty Images

Wisconsin Gov. Tony Evers (D) issued an executive order Monday delaying in-person voting for the state's primary election — currently scheduled for Tuesday — until June 9.

Why it matters: Wisconsin was slated to be the only state to vote on Tuesday amid the coronavirus pandemic, despite having a stay-at-home order in place.

Go deeperArrow14 mins ago - Health

U.S. coronavirus updates: Death toll reaches 10,000

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

Recorded deaths from the novel coronavirus surpassed 10,000 in the U.S. on Monday, per Johns Hopkins data. More than 1,000 people in the U.S. have died of coronavirus-related conditions each day since April 1.

Why it matters: U.S. Surgeon General Jerome Adams said on Sunday the coming week will be "the hardest and saddest week of most Americans' lives" — calling it our "our Pearl Harbor, our 9/11 moment."

Go deeperArrowUpdated 20 mins ago - Health