Google Buys Entire NYC Block - Pays Cash

Google has reportedly closed the deal to purchase the Art Deco 111 8th Avenue - once a freight terminal for the Port Authority and now the third largest office building in NYC. It is located at the prime spot where the fashionable Meatpacking District, Chelsea and the West Village come together and it takes up an entire city block.

Google, who already has offices in the building, will take ownership on Wednesday - after ponying up a reported 1.9 BILLION (with a "B") IN CASH.

In the immortal words of Mel Brooks in History of the World, Part I ... "It's good to be the King".

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