
News Corp. Splits, Real Estate Wonders in What Direction?
The recent announcement that News Corp. would split into separate publishing and entertainment entities has left some in the real estate business wondering if the company will flee its longtime home at 1211 Avenue of the Americas.
The prevailing question, according to The Wall Street Journal (a News Corp. entity), is if both companies will end up under the same roof, or go their separate ways. The company, which is represented by CBRE, is not expected to make a decision about the space for years. Read More