Forget “other people’s money.” Ours works just fine: Google’s parent Alphabet closed on its purchase of the Chelsea Market building from Jamestown last week. The price tag? $2.4 billion. The debt on the deal? Zero. When Google made its record purchase of 111 Eighth Avenue in 2010, it took out a $470 million loan from Bank of America. Given that it paid $1.8 billion for the property, the loan was modest – the deal was […]
source https://therealdeal.com/2018/03/26/paydirt-forest-city-calls-off-the-wedding-barnetts-israeli-issues-big-3-title-more-industry-news-you-need-this-week/
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