Gadgets

Google inks pact for new 35-storey office tower in US: Report

Agency | February 02, 2019 01:58 PM

SAN FRANCISCO:  Continuing with its investment spree in the US real estate, Google has reportedly signed a lease for a 35-storey tower in Austin which is scheduled to be ready for occupancy in the second quarter of 2022.

The construction of the tower which could potentially provide room for 5,000 workers has already begun, the Austin-American Statesman newspaper reported on Thursday.

Google, however, did not comment on the transaction.

The new tower at West Cesar Chavez and Nueces streets will have 790,000 square feet of space, according to the report, which cites local real estate sources.

The news of the investment comes as Google's parent company, Alphabet, reports earnings on Monday.

In December, the search giant announced a $1-billion investment for a new campus in New York City, CNBC reported.

In November, Google announced it would spend $100 million for 21 acres of land for a "mega campus" in San Jose near its headquarters in Mountain View, California.

Earlier in 2018, Google also acquired the Chelsea Market in Manhattan for $2.4 billion -- which was disclosed as the biggest real estate purchase of 2018 in the US.

Have something to say? Post your comment
Must Read
DC asks officers to speed up awareness drive to make farmers aware of benefits of PMKSN
DC asks officers to speed up awareness drive to make farmers aware of benefits of PMKSN
MP, MLAs, DC and CP greet people on Parkash Utsav of Sri Guru Ravidass Maharaj Ji
MP, MLAs, DC and CP greet people on Parkash Utsav of Sri Guru Ravidass Maharaj Ji
Punjab cabinet ministers expose Capt-Badal bonhomie on the floor of Vidhan Sabha- Bhagwant Mann
Punjab cabinet ministers expose Capt-Badal bonhomie on the floor of Vidhan Sabha- Bhagwant Mann
Car driver arrested for death by negligence
Car driver arrested for death by negligence
Ministerial staff pen down strike continued on Monday
Ministerial staff pen down strike continued on Monday
Punjab IAS officers association strongly condemns reprehensible act of terrorism in Pulwama
Punjab IAS officers association strongly condemns reprehensible act of terrorism in Pulwama
Capt Amarinder slams SAD for disrupting budget proceedings
Capt Amarinder slams SAD for disrupting budget proceedings
Mansa Saanjh Kendras reach out to people, during Jan 3681 applicants get facilities at the Kendras, SSP
Mansa Saanjh Kendras reach out to people, during Jan 3681 applicants get facilities at the Kendras, SSP
Bir Talab to have Butterfly Zone soon
Bir Talab to have Butterfly Zone soon
Punjab budget: Petrol, diesel rates slashed
Punjab budget: Petrol, diesel rates slashed
Punjab MLAs to donate a month’s salary to state’s Pulwama victims’ families
Punjab MLAs to donate a month’s salary to state’s Pulwama victims’ families
MP Chaudhary Satnokh Singh lays foundation stone of city road by allocating Rs 35 lakh from his MPLAD
MP Chaudhary Satnokh Singh lays foundation stone of city road by allocating Rs 35 lakh from his MPLAD