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New York Times Building Sold: $525 Million

nyt_building_sale.jpg

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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