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MAY 05, 2014 - TheStreet

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Why BlackBerry (BBRY) Stock Is Down Today

NEW YORK (TheStreet) -- BlackBerry was falling -1.6% to $8.02 Monday following the announcement that the smartphone maker will sell most of its Canadian real estate to Spear Street. The real estate investment firm will buy the real estate for CAD$305 million, or about $278 million. The sale includes 3 million square feet of office space and vacant lands. BlackBerry will leaseback some of the office space included in the deal. The sale of 80% of the assets is expected to close later in May, with the rest of the deal completing sometime in the third quarter. Must read: Warren ... Read More

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