In the News
Bloomberg: Condos Replace Newsrooms as U.S. Papers Sell Real Estate
By Nadja Brandt. Newspaper owners, struggling with plunging demand and advertising spending at a six-decade low, are squeezing money out of the assets they do have with rising value: buildings and land.
January 11, 2013
Redevelopment of the buildings is a more profitable option for property owners, said Richard Green, director of the University of Southern California's Lusk Center for Real Estate in Los Angeles.