Blackstone said to seek US$525m for old NYT office

Seattle

BLACKSTONE Group LP is selling the Manhattan offices that once housed The New York Times after completing renovations and signing new tenants including Yahoo Inc, said a person with knowledge of the plans.

Blackstone is seeking about US$525 million, or more than US$1,000 a square foot, for the top 12 floors of the 102-year-old property, said the person, who asked not to be identified because the planned sale is private.