Alphabet CFO Ruth Porat recently announced that Google has committed to spend $2.1 billion to purchase the St. John's Terminal property in Manhattan, which will anchor the company's new Hudson Square campus. The Millionacres takeaway: Our Matt Frankel points out that this big stake in the big city’s office space is a pretty optimistic clue about what’s ahead, despite the gloom and doom now hanging over the sector because of back-to-the-office woes. The Millionacres takeaway: Our Kristi Waterworth writes that while homeowners and renters stand to be big winners here, investors may come out smelling like roses too, especially if they identify and act on projects that allow them to put extra units in quickly.
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