Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Sony Sells Madison Avenue Building in New York City
Jan 24, 2013
 Printable format
 Email this Article
 Search

Sony Corp. of America (SCA), a wholly owned subsidiary of Sony Corp., has an agreement to sell its U.S. headquarters building at 550 Madison Avenue in New York City.

The buyer is a consortium led by The Chetrit Group, a New York-based owner of commercial properties in New York City and other major US real estate markets.

The building will sell for $1.1 billion. It is expected that the transaction will close in March 2013.

SCA and other Sony businesses will remain in the building for up to three years under a leaseback arrangement with the purchaser.

After repaying debt related to the building and other transaction costs, Sony expects to net about $770 million.

Sony said it is undertaking a range of initiatives to strengthen its financial foundation and business competitiveness and for future growth.

Back to Daily News

 

Daily News

...........................................................

Sep 30, 2014: Whirlpool Water launches refrigerator filter recycling program

Sep 29, 2014: Miele Professional launches new-generation medical appliances

Sep 25, 2014: Cub Cadet's new lawn tractor has Bluetooth and its own app

Sep 25, 2014: Electroindustry Business Conditions down in September

Sep 24, 2014: GE has the highest ranked appliance brand website; h.h. gregg ranked top appliance retailer website

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows