Japan's Sony Corp said it would sell its U.S. headquarters building in New York City for $1.1 billion, the highest price paid for a single U.S. office building in two years, to a consortium led by real estate developer The Chetrit Group.The sale of Sony's U.S. headquarters attracted more than 20 bidders including Vornado Realty Trust, Mortimer Zuckerman's Boston Properties as well as Mitsubishi Trust, Mitsui Fudosan.The final round shrank the number of bidders to eight, a source familiar with the deal said. The financing has yet to be settled, the source said.The price was the highest paid for a single U.S. office building since Google bought a 111 Eighth Ave. in Chelsea for $1.8 billion or roughly $620 per square foot at the end of 2010.
Boston Properties, Inc. is an integrated, self-administered and self-managed real estate investment trust (REIT). Shares of BXP fell by 0.44% or $-0.47/share to $107.12. In the past year, the shares have traded as low as $98.12 and as high as $117.00. On average, 839705 shares of BXP exchange hands on a given day and today's volume is recorded at 673841.
Vornado Realty Trust (Vornado) is an integrated real estate investment trust (REIT). Shares of VNO traded higher by 0.36% or $0.3/share to $83.46. In the past year, the shares have traded as low as $72.64 and as high as $88.50. On average, 969523 shares of VNO exchange hands on a given day and today's volume is recorded at 762705.
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