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having facebook in menlo park could be absolutely transformative. reporter: for menlo park officials, the news is a huge boost, especially after losing sun to the oracle buyout. they admit the move will bring new traffic concerns, but it will also bring tech credibility. facebook and its culture is right in our wheelhouse in terms of the history and identity of menlo park. we ve always been about innovation and science and high tech. reporter: facebook says it will hire and build here, potentially good news for this local contractor who came to hear about potential construction jobs. go see, because you never know, but looking at the renders, probably going to be a lot of fine detail, a lot of personal touches, and that s what we do, so hopefully maybe there s a little piece. reporter: it s been growing at a pace of 50% per year. soon facebook will have much more room to grow. facebook said it bought a nearby 22-acre tract. this is a company raising money by ....