Top bid­der drops deal to buy Sun build­ings

Baltimore Sun - - BUSINESS MARYLAND -

Bal­ti­more de­vel­oper Mark Sap­per­stein has backed away from a deal to buy the Calvert Street build­ings rented by The Bal­ti­more Sun. Sap­per­stein said he in­formed Chicago-based Tri­bune Me­dia, which owns 501 N. Calvert St. and a park­ing garage next door, about his de­ci­sion about two weeks ago. He said he de­ter­mined he had too many de­mands on his time, due to other fam­ily and busi­ness obli­ga­tions. A spokesman for Tri­bune de­clined to com­ment. The move might dis­rupt the time­line the com­pany laid out this sum­mer, when it told in­vestors it ex­pected to sell the prop­er­ties by the end of Septem­ber. Tri­bune is a tele­vi­sion com­pany

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