May
10
Posted May 10, 2017
By: Patricia Raicht
Redevelopment of former newspaper headquarters and other facilities is becoming big business in more markets, as news companies offload valuable real estate with great structural bones in high-quality locations.
RISING PROPERTY values resulting from heightened demand among tech companies and other tenants for urban settings, combined with the downtown location of many newspaper headquarters, have created an opportunity for news organizations. Many that own their headquarters or print facilities are monetizing those investments, selling to investors and developers looking to convert the buildings to apartments, hotels and other forms of in-demand real estate. Others are maintaining at least partial ownership of their property while partnering with developers and investors to generate additional revenue.
Share this post: