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Facebook Upgrade

As Facebook prepares to open its new Frank Gehry-designed headquarters, the company has acquired a 56-acre industrial park just south of its current digs in Menlo Park, for a price estimated to be somewhere in the neighborhood of $400 million. The company's plans for the site could extend beyond just offices to things like housing, retail, or a hotel. Facebook does not plan to develop the industrial park in the near future but bought it with plans for growth in the coming years. [SF Business Times]