Tags: washington | post | building | sold | carr

Washington Post's Headquarters Sold for About $159 Million

Image: Washington Post's Headquarters Sold for About $159 Million

Thursday, 28 Nov 2013 01:13 PM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink

Washington Post Co., which is due to change its name to Graham Holdings Co. this week, agreed to sell its headquarters building in downtown Washington to Carr Properties for about $159 million.

The sale of 1150 15th St. NW, scheduled for completion at the end of March, includes land next to the building, Washington Post Co. said in a statement yesterday. Closely held Carr is a real estate investment company also based in the city.

Washington Post Co. said in February that the company may sell its headquarters to relocate to a property that will make its operations more efficient, following similar moves by newspaper companies throughout the U.S. Last month, Washington Post Co. completed the sale of its namesake newspaper to Jeff Bezos, chief executive officer of Amazon.com Inc.

Other media companies have sought to profit from their real estate holdings. New York Times Co. in 2009 sold the space it occupies in its Manhattan headquarters for $225 million and leased the offices back. The newspaper moved to the building in July 2007 after selling its former headquarters to Tishman Speyer Properties LP for $175 million in 2004.

© Copyright 2014 Bloomberg News. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Power Returns to Mississippi Town After Storm

Thursday, 25 Dec 2014 17:34 PM

Authorities say they have restored power to nearly everyone in the Mississippi town of Columbia following a series of po . . .

Former President George HW Bush Spends Christmas in Hospital

Thursday, 25 Dec 2014 17:26 PM

Former U.S. President George H.W. Bush remained hospitalized on Thursday near his home in Houston after experiencing sho . . .

Threats to NYPD Officers Grow Despite de Blasio Efforts

Thursday, 25 Dec 2014 11:42 AM

New York City police have arrested two Brooklyn teen-agers for making death threats against NYPD officers, and have ramp . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved