Tribune Sells Original Warner Brothers Studio To Hudson Capital
It is funny that the one of the first moves that the Tribune Company has made since being acquired by Sam Zell is a commercial real estate sale. But that is what he has done by selling the property that KTLA-TV is using and was the original home of the Warner Brothers Studios.
The property in Los Angeles was sold for 125 million dollars and is expected to provide capital for the purchase of buying 6 other properties in downtown Los Angeles. Did anyone tell Sam Zell that the Tribune is a media company?
Hudson Capital, which owns Sunset Gower Studios a few blocks away, completed the expected purchase from Tribune, Hudson managing partner Victor Coleman said. Chicago-based Tribune owns KTLA, the Los Angeles Times and other media outlets.
It was the first major sale of Tribune property since Chicago real estate mogul Sam Zell took over the company last month. via the Los Angeles Times.
Post from: The Real Estate Bloggers
Tribune Sells Original Warner Brothers Studio To Hudson Capital