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Extra, extra: New York Times buying back its building!

The New York Times plans to buy back its Manhattan headquarters at 620 Eighth Avenue in December for $ 245 million, the paper reported on Wednesday. The Times purchased the 52-story building for $ 619 million and moved into it in 2007. It entered into a sale-leaseback agreement just two years later and raised $ 225 million to help pay down its debts. The agreement included a 2019 option to buy back the building. The deal began with


The Real Deal New York

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