CIM nabs Chicago’s iconic Tribune Tower for nearly $240M

From the Los Angeles website: Los Angeles-based CIM Group has agreed to buy Chicago’s iconic Tribune Tower for close to $240 million, Tribune Media announced Tuesday. The deal, which is part of Tribune’s ongoing $1 billion real estate sell-off, is slated to close by the end of September, the New York Times reported. CIM’s plans for the 1920s-era, 35-story  landmarked property were not immediately clear.  The $240 million price comprises $205 million paid in cash … [more]


Source: Real Estate

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