CIM, Golub To JV On Tribune Tower Acquisition
Tribune Media hired Eastdil Secured last October to market the building to prospective buyers. CIM emerged as one of three finalists last month, along with Oxford Capital and Riverside Investment & Management. CIM is believed to be JV'ing on the acquisition with Golub, according to Crain's. The two firms have also partnered on Marquee at Block 37, which opened a couple of weeks ago.
When a deal is inked, Tribune Tower will mark CIM's second major office building acquisition of 2016. The firm finalized a $191M deal for 440 South LaSalle that could exceed $200M, based on the building's future performance. [Crain's]