Tuesday, December 29, 2009

Westchester | As printing is moved, a building sale?

Gannett's sale of the Poughkeepsie Journal's historic downtown building (left) this year was surely only the most high-profile of GCI's moves to raise money by selling real estate holdings -- even in a down real estate market.

Other property sales, already completed or still in the works, are no doubt driven by the closing of press and production facilities, which occupy a lot of space. These deals, in Gannett and across the industry, marked the end of an era of signature architecture for the newspaper industry.

I began tallying the number of Gannett press closings, paper by paper, earlier this year. Now, I'd like to assemble a list of real estate that's been sold, or is on the verge of getting sold. My interest is piqued after Anonymous@7:25 said in a comment last night: "Is it true that the building in Westchester has been sold? What will become of us?"

I suspect the author's fear follows word earlier this month that The Journal News in New York's Westchester is closing its press and production facility, as it shifts printing to an outside company in Rockaway, N.J. (Indeed, the Journal News had earlier this year picked up printing of the Poughkeepsie Journal.)

Readers: Has any of your site's real estate been sold, or being offered for sale? Please post your replies in the comments section, below. To e-mail confidentially, write jimhopkins[at]gmail[dot-com]; see Tipsters Anonymous Policy in the rail, upper right.


  1. Binghamton just got done moving out of their building.

  2. The sale of the Press-Citizen building in Iowa City just fell through a few weeks ago, and it's back on the market.

  3. It's not just newspapers. We in Phoenix have been hearing for months now that KPNX will be moving out of their building on Central Ave and moving down the road a mile to the Arizona Republic building. Since the buyouts, layoffs and folks quiting there's plenty of space in the Republic building. We've heard the biggest problem is the lack of parking for the TV live trucks (which require a lot of clearance for their masts).


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