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

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

Nov 20, 2014: Report: Drop in affluents' consumer confidence may foretell signal trouble ahead for some retailers

Nov 20, 2014: Electrolux donated $55,000 in appliances to Charlotte's needy

Nov 20, 2014: Most Profitable Industry in the U.S.: Electrical Equipment, Appliance and Component Manufacturing

Nov 19, 2014: LG washing machine global sales top 20 million in 5 years

Nov 19, 2014: Wolf ovens use columnar vertical blower fans to optimize convection

More Daily News>>

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

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

November 2014: Appliance Magazine Market Insight Annual Subscriptions
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




 
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