Google’s next big revenue model? New York City landlord. The search engine just posted on its own blog that it has today sealed the over $ 1.8 million dollar deal to purchase 111 Eighth Avenue in Chelsea, where it already occupies 550,000 square feet. As part of the deal, Google will be leasing out the building to continuing and new tenants.

“Today, we’re pleased to announce that we’ve closed a deal with the partnership of Taconic Investment Partners, Jamestown Properties and the New York State Common Retirement Fund to purchase 111 Eighth Avenue (also known as 76 Ninth Avenue). As