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

 

Share:
  Comment  |
   Contact Us  |
  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.

Share:
  Comment  |
   Contact Us  |
  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.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Oil Price Fall Challenges US Shale Boom

Sunday, 23 Nov 2014 10:16 AM

The US shale boom, which has challenged the rules of the global petroleum market, could soon face its own day of reckoni . . .

Buffalo Residents Urged to Prepare for Flooding

Sunday, 23 Nov 2014 08:58 AM

Buffalo is making significant progress clearing streets still clogged from an epic storm left more than 7 feet of snow e . . .

Obama, Jeter Tee off on Exclusive Vegas Course

Sunday, 23 Nov 2014 07:47 AM

President Barack Obama is playing golf at an exclusive Las Vegas-area course with a retired shortstop, a Democratic Part . . .

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