Tribune Publishing completes purchase of Sun-Times suburban properties

Tribune Publishing, parent of the Chicago Tribune, has closed a deal to acquire all of Sun-Times Media’s suburban properties from Wrapports.

The agreement, confirmed Friday, brings six daily and 32 weekly suburban newspapers into the Tribune fold, bolstering circulation and revenue while significantly expanding its publishing footprint across the Chicago market, from Waukegan to northwest Indiana.

Longtime Chicago Tribune advertising executive Bob Fleck has been named publisher and general manager of the newly acquired suburban newspapers.

As part of the deal, the Chicago Tribune Media Group also announced a long-term agreement to continue printing and distributing the Chicago Sun-Times, which had opted out of its contract last year.

Terms of the acquisition, and the printing and distribution deal, were not disclosed.

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Properties being added to downtown district under renewal plan

Lancaster’s Downtown Investment District will grow next year with the approval of property owners. The district, which provides red-shirted bicycle ambassadors and streetsweeping, will add 153 properties under a renewal plan now being considered. The district will grow to the … Continue reading

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Fastest Growing Companies 2014: Keller Williams Capital Properties (Video)

© 2014 American City Business Journals. All rights reserved. Use of this Site constitutes acceptance of our User Agreement (updated 12/23/13) and Privacy Policy (updated 12/23/13). Your California Privacy Rights. The material on this site may not be reproduced, distributed, … Continue reading

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Four new properties up for the D&D program

The low conditioned building at 326 E. 11th St. N. has a purchase price of $4,000 while the 425 First Ave. W. property has a price of $50,000. The owner of the property at 425 First Ave. W. brought the … Continue reading

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Boston Properties Beats on Q3 FFO, Sheds 45% Asset Stake

Aided by growth in revenues, Boston Properties Inc. (BXP – Analyst Report) reported third-quarter 2014 FFO (funds from operations) per share of $1.46, beating the Zacks Consensus Estimate by 9 cents and improving by 17 cents from the prior-year quarter. … Continue reading

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3 Reasons to Buy High Yield Dividend Stock National Retail Properties Inc.

National Retail Properties  (NYSE: NNN  ) is a well performing commercial real estate investment trust (REIT) with a focus on U.S. retail properties across the United States. With a market capitalization of only $4.7 billion, National Retail Properties is not exactly … Continue reading

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Real estate execs see more opportunity beyond luxury properties

WHIPPANY – Real estate executives remain bullish on the market for apartment dwellings in North Jersey next year, however, some predicted that rent increases could stabilize and the best opportunities could be in older buildings, not new luxury properties. “Multifamily … Continue reading

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Rising Sun Receiving $161K To Address Abandoned Properties

By Mike Perleberg (Rising Sun, Ind.) – Empty, dilapidated properties in the City of Rising Sun will be the target of a blight elimination program funded by the State of Indiana. Last week, Indiana Lieutenant Governor Sue Ellspermann announced two … Continue reading

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HANO to redevelop 200 vacant properties into mixed-income communities – The Times-Picayune

Citing the city’s need for more affordable housing, officials with the Housing Authority of New Orleans are reversing a redevelopment plan for hundreds of vacant properties throughout the city. Under the previous leadership, HANO intended to sell the majority of its … Continue reading

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GDC Properties Plans Townhouses for LIC Industrial Sites

Hawthorne, N.Y.-based GDC Properties is planning a townhouse development for its recent acquisition of two contiguous industrial sites at 11-24 45th Road and 45-35 11th Street in the Long Island City neighborhood of Queens, Commercial Observer has learned. “We’re happy to have found a site in New York City … Continue reading

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