NYT sells Herald-Tribune properties


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  • | 7:38 p.m. February 10, 2012
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BUYER: RPS Main Street Sarasota LLC, Daytona Beach
SELLER: NYT Management Services Inc.
PROPERTY: 1743 Main St., Sarasota
PRICE: $17.4 million
PREVIOUS PRICE: $6.5 million, April 2003
PROPERTY: 300 S. Tamiami Trail, Venice
PRICE: $2.1 million
PREVIOUS PRICE: $800,000, August 1987
LAW FIRM ON DEED: Morgan Lewis & Bockius LLP, Philadelphia

BUYER: NL Ventures VIII University LLC (principal: Peter Carlsen), Dallas
SELLER: NYT Management Services Inc.
PROPERTY: 1800 University Parkway, Sarasota
PRICE: $2.25 million
SELLER: The New York Times Co.
PROPERTY: 1800 University Parkway, Sarasota
PRICE: $2.25 million
PREVIOUS PRICE: $1.97 million, November 1982
LAW FIRM ON DEED: AIC Ventures LP, Austin, Texas

PLANS, DESCRIPTION: As part of Halifax Media Group's purchase of the New York Times Regional Media Group, the Daytona Beach company acquired two of the Sarasota Herald-Tribune's offices, and arranged for Dallas-based AIC Ventures to buy a third.

 

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