Tribune Media Company has sold Tribune Tower, Los Angeles Times Square and Olympic Plant for $430 million.
The iconic Tribune Tower was sold to a LA-based developer who plans to turn it into a mixed-use building.
Tribune Media said it expects the sale will eventually generate $330 million in gross cash proceeds after taxes and other fees.
This is just the latest round of real estate sales from Tribune, which has been selling properties all year. The company has now sold nine total properties for $519 million.