So Tishman Speyer just sold the New York Times building for $525 million. It bought the building from the paper in 2004 for $175 million.
So the building the Times no longer owns is worth more than the Boston Globe, according to most valuations.
In the time the Times Company has owned the Globe, its value has gone down by 50 percent.
In the Times Company has not owned its building, it has increased in value threefold.
Maybe they shouldn’t quit their day jobs. Or maybe they should.
