Sony to Sell US HQ to Chetrit Group

http://www.bloomberg.com/news/2013-01-18/sony-to-sell-u-s-headquarters-to-chetrit-group-for-1-1-billion.html

U.S. unit said it agreed to sell its 37-story New York headquarters to investors led by the Chetrit Group for $1.1 billion.
Sony said it expects the sale of 550 Madison Ave. to generate net cash proceeds of about $770 million after repaying debt tied to the building and other transaction costs. The company and other units of the Japanese parent, including Sony Music Entertainment, will remain in the building for up to three years, Sony said in a statement released in New York.