Sitting atop a mountain of cash, Google can see its new home. The tech giant’s $2.4 billion purchase of the Chelsea Market building, which closed Tuesday, was an all-cash transaction, sources told The Real Deal. The company, which has a market cap of $800 billion, did not opt to assume existing debt from a group led by German lender Landesbank, which had provided financing to the 1.2 million-square-foot office-and-retail property’s seller Jamestown, sources said. The […]
source https://therealdeal.com/2018/03/20/cash-money-googles-2-4b-megadeal-is-debt-free-sources/
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