Sony (SNE +12.2% in Tokyo) has agreed to sell its 37-story U.S. HQ in New York City for $1.1B to...

|About: Sony Corporation (SNE)|By:, SA News Editor

Sony (SNE +12.2% in Tokyo) has agreed to sell its 37-story U.S. HQ in New York City for $1.1B to a consortium led by real-estate developer The Chetrit Group. Sony will receive net proceeds of $770M after repaying debt and other costs. The sale comes as the company looks to recover from a record loss last year, and it also reportedly wants to sell a $1.1B building in central Tokyo.