New York Times Building Sold: $525 Million
Tishman Speyer is selling the NYT‘s old building on 43rd street to Israeli billionaire Lev Leviev for about $525 million, almost three times what the former company paid for the spot in 2004.
Unrelated to the sale, the paper is moving down the street to a beautiful new skyscraper. Sounds like a pretty good trade to us.
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