Tribune Tower sale completed

Tribune Media has completed the sale of several real estate assets, including the Tribune Tower in Chicago.

The Chicago- based company announced last month that it was selling the 1925 neo- Gothic tower to CIM Group. The sale is part of Tribune Media Co.’ s ongoing efforts to sell its entire $ 1 billion real estate portfolio.

Tribune Media said Wednesday that it also closed on the sale of Los Angeles Times Square and Olympic Plant.

It has received $ 430 million in gross proceeds for the assets.

Tribune Media has now sold nine properties this year for gross proceeds of $ 519 million.