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Duke Realty was a real estate investment trust (REIT) based in Indianapolis, Indiana, that invested in industrial properties. [1] [2] As of December 31, 2021, it owned or jointly controlled 548 primarily industrial properties containing 162.7 million rentable square feet. [1] In October 2022, it was acquired by Prologis.
Freedom Center, also known as the Chicago Tribune Publishing Center, is the printing plant and headquarters for the Chicago Tribune, as well as the printing facility for other publications such as the Chicago Sun-Times. It closed May 2024 and is currently in the middle of demolition to replace the Freedom Center with Bally's Chicago Casino.
In December 2007, the Tribune Company was bought out by Chicago real estate magnate Sam Zell in an $8.2 billion deal. Zell was the company's new chairman. [134] A year after going private, following a $124 million third-quarter loss, the Tribune Company filed for Chapter 11 bankruptcy protection on December 8, 2008.
The AOL.com video experience serves up the best video content from AOL and around the web, curating informative and entertaining snackable videos.
Simon Property Group, Inc. is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana. Worldwide, it owns interests in 232 properties [3] as of 2021.
In December 2007, in a leveraged buyout, Zell acquired control of Tribune Media, owner of the Chicago Tribune, The Baltimore Sun, Newsday, The Hartford Courant, and other newspapers as well as the Chicago Cubs and Wrigley Field. For the $8.2 billion acquisition, Zell only invested $315 million of his own money, all in the form of debt. [26]