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Blackstone said to seek US$525m for old NYT office
Add BT as a preferred sourcePublished Thu, May 21, 2015 · 09:50 PM
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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.
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