Google to purchase Manhattan office building for $2.1 billion

Alphabet Inc.'s Google said Tuesday that it plans to buy the St. John's Terminal building in Manhattan for $2.1 billion as looks to bolster its presence in New York. The company intends to make the building the "anchor" of its new Hudson Square campus, per a blog post. The company expects the St. John's Terminal transaction to close in the first quarter of 2022, and it intends for the site to be open by the middle of 2023. Shares of Alphabet are up 0.4% in Tuesday morning trading. They've gained 14.3% over the past three months as the S&P 500 has risen 5.1%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Google to purchase Manhattan office building for $2.1 billion
Alphabet Inc.'s Google said Tuesday that it plans to buy the St. John's Terminal building in Manhattan for $2.1 billion as looks to bolster its presence in New York. The company intends to make the building the "anchor" of its new Hudson Square campus, per a blog post. The company expects the St. John's Terminal transaction to close in the first quarter of 2022, and it intends for the site to be open by the middle of 2023. Shares of Alphabet are up 0.4% in Tuesday morning trading. They've gained 14.3% over the past three months as the S&P 500 has risen 5.1%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.