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From the March issue: Quirkily named Internet startups were dominant in last month’s Super Bowl advertising. Initial public offerings for these companies have recently been splashed throughout the business pages, and Wall Street analysts are valuing some of them in the range of tens of billions of dollars.
Then, of course, there’s the gorilla in the room, Google’s recent $1.9 billion purchase of 111 Eighth Avenue.
These days it seems you can’t escape that eerily familiar sense that we are back in the throes of another tech bubble. And a recent spate of commercial leasing deals in Manhattan involving technology firms — ranging from titans like Facebook and LinkedIn to upstarts like BuddyMedia, Foursquare and Tumblr — suggests that they are on something of a real estate tear. [more]
