Category Archives: Property sales

Watchtower News Bulletin: Brooklyn Bethel sale in trouble
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It is becoming increasingly clear that the Watchtower Bible and Tract Society is worried about the amount of money in their piggy bank. Whilst the organisation has always been very opaque as to the status of its finances, it is … Continue reading

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Brooklyn Daily Eagle reports on Watchtower’s real estate sell-offs
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Decent media coverage of Watchtower’s Brooklyn real estate sell-offs tends to be few and far between, but it seems the Brooklyn Daily Eagle has flown to the rescue. A video has been released showing reporter Dipti Kumar at various locations … Continue reading

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Painting away the past: Workers begin removing signs from Brooklyn Bethel buildings
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In mid-July the news broke that Watchtower had sold six of its key Brooklyn Bethel properties in a $375 million windfall. Now Brooklyn residents are beginning to feel the difference as workers have started removing signs from the exteriors of … Continue reading

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Green light for Warwick HQ as Brooklyn sales pass the billion mark
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JW.org has announced that construction work has officially commenced on the new Warwick Headquarters after approval was granted by the local town planning board. The first building permit was obtained on Friday, July 26, and site work and the digging … Continue reading

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Watchtower nets $375 million cash windfall from Brooklyn factory sale
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It is being reported that the Watch Tower Society has secured a staggering $375 million deal for six of its most well-known Brooklyn properties. The deal, signed with property developers RFR and Kushner Companies on July 5th 2013 represents a … Continue reading

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Branch closures and fire sales – a growing trend for the Society?
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As explained in the previous article, it is becoming increasingly evident that the Watch Tower Society has entered a period of decline. Evidence for this decline may be seen in the drastic downscaling of monthly magazine printing commitments since 2005, … Continue reading

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