Facebook snaps up two floors at 335 Madison

Facebook has inked a deal to lease two floors at Milstein Properties’ 335 Madison Avenue — the former Biltmore Hotel, between 43rd and 44th streets — and could expand to as much as 150,000 square feet there, sources told the New York Times. That’s enough to house up to 600 employees, at a time when the social network is reportedly getting ready for an aggressive hiring push for new advertising sales representatives in the city. Currently, the company has 15 open positions in New York and a 5,700-square-foot office in Midtown that’s already overcrowded. [NYT]