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Real Estate & Property Law

: The Home Equity Theft Reporter

NY Times Considers Possible Sale Leaseback Of Its Free & Clear Interest In 52-Story Headquarters; Seeks "Rescue" From Potential Cash Flow Squeeze

By r morris

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In New York City, The New York Times reports: The New York Times Company plans to borrow up to $225 million against its mid-Manhattan headquarters building, to ease a potential cash flow squeeze as the company grapples with tighter credit and shrinking profits.The company has retained Cushman & Wakefield, the real estate firm, to act as its agent to secure financing, either in the form of a

Full post as published by The Home Equity Theft Reporter on December 09, 2008 (boomark / email).

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