Sony Seeks to Close Sale of Manhattan Office Tower
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NEW YORK CITY-Sony Corp. is looking to sell its Manhattan office building in New York. The electronics giant, which listed its 37-story office tower at 550 Madison Ave. on the market earlier this year, is set to start first-round bids on the building on Monday.
According to some real estate executives, the Philip Johnson-designed property may fetch over $900 million. Eastdil Secured LLC's Douglas Harmon is handling the sale. The broker said that Sony is looking to close the deal by late March. For the full story, go to Wall Street Journal .
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