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May 22, 2012, 07:12:48 PM

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Google Investing in Real Estate

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Topic: Google Investing in Real Estate (Read 475 times)

Vidal

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Oct 26, 2011, 09:16:59 PM

Most people think of Google as an online company but according to an article at FortuneBuilders, Google has been making some serious investments in the Real Estate market.

Quote

Obviously not everyone is doing as bad financially as the news might have you think. Perhaps this is best demonstrated by web giant Google who seems to have been doing a good amount of real estate investing.

We all know that Apple’s Steve Jobs did a little dabbling with real estate himself and saw the unveiling of the company’s ‘Mothership’ earlier this year. However, Google seems to be on a big real estate investing mission over the last couple of years.

Last year Google stormed the headlines with the largest real estate deal of the year, investing in a 2.9 million square foot building in NY for a whopping $1.9 billion. However, with a mushrooming workforce which has added 2,600 new employees in the last quarter alone Google continues to expand its real estate investments. This year alone Google has scooped up 15 Mountain View properties along with the new $100 million Silicon Valley office building purchase announced this week.

Full article : Google Becoming A Big Real Estate Player

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WMortgage

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Dec 02, 2011, 05:58:18 PM

That's common in the corporate world. Real Estate can be used as a tax write-off in a variety of ways fro corporate investors. If you look at any major vacation area in the US, many corporations own large executive homes they use for vacation perks for executives. A lot of it can be written off as business expenses. Plus, they can toss in some operational expenses as well.

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wsiintra

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India

Mar 29, 2012, 08:38:19 PM

Real estate is one of the booming industry in the world, in the developing countries like India, Malaysia and Thailand its growth is too much high and many of the peoples are making huge income by investing in real estate, this is the reason that Google also want to become no. 1 in real estate.

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