The New York Times Building Editorial Photo

The New York Times Building is a skyscraper on the west side of Midtown Manhattan that was completed in 2007. Its chief tenant is The New York Times Company, publisher of the The New York Times, The Boston Globe, the International Herald Tribune, as well as other regional papers. Construction was a joint venture of The Times Company, Forest City Ratner Companies—the Cleveland-based real estate firm redeveloping the Brooklyn Atlantic rail yards—and ING Real Estate. Once the 80,000-square-foot (7,400 m2) site was assembled, it was leased to the New York Times Company and Forest City Ratner for $85.6 million over 99 years (considerably below market value). Additionally, the New York Times Company received $26.1 million in tax breaks.