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GlobeSt.com RealShare EXCLUSIVE: NYT Building Gets the Go Ahead

NEW YORK CITY-The condemnation process has been completed for the site of the proposed New York Times Building on Eighth Avenue, reveals Mary Ann Tighe at yesterday's RealShare New York.

By Barbara Jarvie | Updated on September 17, 2003

NEW YORK CITY-”It’s now time to begin,” CBRE’s Mary Ann Tighe, CEO, New York Metro Region, told the crowd at RealShare New York, when she revealed that she had just received word that morning from New York State officials that the condemnation was complete for the Eighth Avenue site proposed to be the new home of the New York Times.

Tighe was speaking about deals that were meaningful to her and mentioned that the process for this endeavor began in 1995. “I like transformation deals–deals that change the landscape,” she said, while being interviewed by Michael G. Desiato, group managing director and editor-in-chief, Real Estate Media.

Tighe and Gregory Tosko of Insignia/ESG with Timothy Dempsey won the Real Estate Board’s Henry Hart Rice Most Ingenious Deal of the Year Award for the development of The New York Times’ proposed 52-story headquarters.

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