CBS' New York Headquarters Building Sells for $760M - NewsBreak

ViacomCBS has sold the original CBS headquarters in midtown Manhattan, or Black Rock, for $760 million to Harbor Group International, a private real estate investment and management firm. The deal, unveiled on Monday, marks the first sale of the CBS headquarters at 51 West 52nd Street since it opened in 1964. Owner-occupier ViacomCBS will now lease back property on a short term basis, with the transaction set to close before the end of 2021. Selling Black Rock is also the latest deal by ViacomCBS to unload non-core assets that do not serve the Hollywood studio's unfolding streaming focus. ViacomCBS completed earlier sales...