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.

RELATED:

  • Maybe It’s Time For The Times To Start Covering Leview [Room Eight]
  • MEDIABISTRO EVENTS

    Get Social Media Marketing Secrets from Experts

    Create a social media strategy, launch your campaign, and track the results in our Social Media Marketing Boot Camp starting February 16. The online event and workshop will feature speakers including The Onion‘s Baratunde Thurston (left), Facebook’s Morin Oluwole, and bitly’s Tim Devane. Register now.