ViacomCBS Sells Black Rock Building For $760M

ViacomCBS has clinched a sale of the CBS Building known as Black Rock for $760 million to real estate investment firm Harbor Group International. It’s the first sale of the landmark building at 51 West 52nd Street in midtown Manhattan since it opened in 1964. The media giant put the building on the block in 2019 as it looked to shed noncore assets, but a sale was delayed by the pandemic. As the former owner-occupier, ViacomCBS will lease back its space on a short term basis.