In a sale and lease back transaction, W.P. Carey & Co. has acquired 21 of the venerable newspaper’s 27 floors at its 620 Eighth Avenue headquarters building.
Two new deals have closed for a total of 6500 square feet across the tower’s speculative upper floors.
A sublease at the New York Times Tower on 8th Avenue suggests some important points about the local commercial real estate market.
Nine of the 50 largest Manhattan office leases signed in 2007 were for space in buildings pursuing (or, as it were, not pursuing) LEED certification, which suggests some interesting points about New York City’s green real estate market.