12.30.12 - 1.26.13 Numbers Thread
Jan 21, 2013 0:40:49 GMT -5
Post by maddie509 on Jan 21, 2013 0:40:49 GMT -5
Industry News: Sony Sold Its U.S. Headquarters Building
" Cash-strapped Sony Corp. has sold its U.S. headquarters building at 550 Madison Ave. to a real estate consortium headed by the Chetrit Group for $1.1 billion, the company announced yesterday. Given the opportunities and challenges in the current economic and real estate landscape, selling 550 Madison now is a timely and logical strategic move, Sony Corp. of America prexy Nicole Seligman said in the statement picked up by Bloomberg. Regarding our new headquarters, we continue to look at a number of spaces in Manhattan but have not yet made a decision about where to lease. But don't take that familiar address out of your Rolodexes just yet. Sony Music, Sony/ATV, Sony Pictures and other units will stay at 550 for up to three years under a leaseback arrangement with the purchaser. The deal is expected to close in March. "
source: www.hitsdailydouble.com/news/rumormill.cgi
" Cash-strapped Sony Corp. has sold its U.S. headquarters building at 550 Madison Ave. to a real estate consortium headed by the Chetrit Group for $1.1 billion, the company announced yesterday. Given the opportunities and challenges in the current economic and real estate landscape, selling 550 Madison now is a timely and logical strategic move, Sony Corp. of America prexy Nicole Seligman said in the statement picked up by Bloomberg. Regarding our new headquarters, we continue to look at a number of spaces in Manhattan but have not yet made a decision about where to lease. But don't take that familiar address out of your Rolodexes just yet. Sony Music, Sony/ATV, Sony Pictures and other units will stay at 550 for up to three years under a leaseback arrangement with the purchaser. The deal is expected to close in March. "
source: www.hitsdailydouble.com/news/rumormill.cgi
