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Shopping Sprees

It didn't take long for that sweet, sweet Facebook IPO cash to start making a big splash in the real estate market. In New York, a "Facebook insider from the west coast" is rumored to be bidding on a spectacular former shoe factory in Tribeca that's currently asking $49.5M (or just 1.51M Facebook shares, if those get cashed out quick). Curbed NY has all the details. [Curbed NY via NY Post]