Sony Seeks to Close Sale of Manhattan Office Tower
Register today to save with Early Bird pricing. Stay tuned for a HUGE ANNOUNCEMENT regarding RealShare NEW YORK on October 9 at the Roosevelt Hotel in Manhattan.
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 .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
So much is happening across the country in the office sector. Hear the latest in creative office, how millennials are impacting the direction of the market and where developers are focusing at a RealShare Conference. Check out the details and agendas to find an informative office panel and register today.
You can now be notified via email if this story is updated by clicking on the "Follow this Story" link. You must be a registered member to take advantage of this "members only" benefit.