The New York Times Co. plans to return to owning its New York City headquarters, even if it means burning a big chunk of its cash to trigger a provision in a sale-leaseback agreement it made in 2009 for its 750,000-square-foot office condominium.
New York Times Co. Set to Buy Back Headquarters
Publisher Plans to Spend Roughly One-Quarter of Cash Reserves to Pursue 2009 Option With W.P. Carey
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- Properties
- New York Times Building
620 Eighth Ave, New York, NY