One of Chicago’s most distinctive landmarks — the Tribune Tower, built in 1925 — is about to change hands. Tribune Media has accepted an offer potentially worth $240 million from Los Angeles-based CIM Group, which is expected to use the 35-story building as the centerpiece of a Michigan Avenue hotel, residential and retail development. “Tribune Tower has been a unique part of Chicago’s skyline since the 1920s,” Tribune Media CEO Peter Liguori says.
Comment on Tribune Media Could Collect $240M In Deal To Sell Chicago’s Tribune Tower
David Lieberman, Deadline.com
Tue, 08/30/2016 - 3:09pm
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