Yahoo to Take Space in Former New York Times Headquarters
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Yahoo! Inc. will lease four floors in the old New York Times building near Times Square as part of an expansion in the city that includes its agreement to purchase Tumblr Inc.
The 176,000-square-foot (16,400-square-meter) lease of floors nine through 12 in the 16-story tower will enable Yahoo to increase its presence in New York by as much as 60 percent, with a focus on expanding its engineering team, Yahoo Chief Development Officer Jackie Reses said in a blog post. The deal is also the first large lease for owner Blackstone Group LP, which bought the building’s top 12 floors in 2011.