In April, Facebook Inc. picked Nasdaq over the New York Stock Exchange for its $5 billion initial public offering, or IPO, as it is know in the financial world.

The selection of a stock exchange was globally watched and the decision dissected for wider import by the world’s tech community. In Northern California’s Silicon Valley, home to the Menlo Park-based social networking company, everything Facebook does is carefully watched, even in the real estate sector.

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