NYC's signature yellow cabs zoom by Google's office. Photo: Tim Clayton / Corbis via Getty Images

"Google is reportedly close to reaching a $2.4 billion deal to add a landmark Meatpacking District building to its already substantial New York campus," AP's Karen Matthews reports.

Why it matters: "[I]t would be among the priciest real estate transactions for a single building in city history. It would also give Google a remarkable Manhattan campus to supplement its still-growing main headquarters in Mountain View, Calif."

  • "The building, a block-long former Nabisco factory named after its ground-floor upscale food mall, Chelsea Market, sits across the street from Google’s current New York City headquarters, a massive, art deco, former shipping terminal that also occupies an entire city block."
  • The nickname: "A New York Post real estate writer this week dubbed Google’s slice of Manhattan 'Alphabet City,' a reference to the name of both Google’s parent company and a neighborhood on Manhattan’s east side."
  • Why it matters: "The Google expansion comes as other tech companies, including Amazon, Facebook and Spotify, are also growing in the city. ... Amazon recently signed a deal to bring 2,000 employees to ... Manhattan’s far west side."

P.S. "Silicon Valley Is Over, Says Silicon Valley" — Kevin Roose's "The Shift" column in N.Y. Times:

  • "[A] growing number of tech leaders have been flirting with the idea of leaving Silicon Valley. Some cite the exorbitant cost of living in San Francisco ... Others complain about local criticism of the tech industry and a left-wing echo chamber that stifles opposing views. And yet others feel that better innovation is happening elsewhere."
  • "Venture capitalists, who recognize a bargain when they see one, have already begun scouring the Midwest. [Steve] Case and [J.D.] Vance [ author of “Hillbilly Elegy”] recently amassed a $150 million fund called 'Rise of the Rest.' The fund, which was backed by tech luminaries including Jeff Bezos ... and Eric Schmidt ... will invest in start-ups throughout the region."

Go deeper

Trump says he wants 9 justices in case Supreme Court must decide 2020 election

President Trump told reporters at the White House on Wednesday that part of his urgency to quickly push through a replacement for the late Justice Ruth Bader Ginsburg is that he believes the Supreme Court may have to decide the result of the 2020 election.

Why it matters: Trump claimed at the Republican National Convention that the only way he will lose the election is if it is "rigged," and he has declined to say whether he would accept the results of November's election if he loses to Joe Biden.

"Not enough": Protesters react to no murder charges in Breonna Taylor case

A grand jury has indicted Brett Hankison, one of the Louisville police officers who entered Breonna Taylor's home in March, on three counts of wanton endangerment for firing shots blindly into neighboring apartments.

The state of play: Angering protesters, the grand jury did not indict any of the three officers involved in the botched drug raid on homicide or manslaughter charges related to the death of Taylor.

Judge orders Eric Trump to testify in New York probe before election

Photo: Ira L. Black/Corbis via Getty Images

A judge on Wednesday ordered Eric Trump to comply with a subpoena to testify before the presidential election in a New York probe into the Trump family business.

The state of play: New York Attorney General Letitia James (D) last month said her office had filed a lawsuit to compel the Trump Organization to comply with subpoenas related to an investigation into whether President Trump and his company improperly inflated the value of its assets on financial statements.

Get Axios AM in your inbox

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Subscription failed
Thank you for subscribing!