On Air Now

Listen

Listen Live Now » 103.7 FM Sioux Falls, SD

Weather

Current Conditions(Sioux Falls,SD 57104)

More Weather »
76° Feels Like: 76°
Wind: N 9 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Isolated Thunderstorms 85°

Tonight

Clear 61°

Tomorrow

Mostly Sunny 82°

Alerts

IDB's Property and Building sells Barneys building in Chicago

TEL AVIV (Reuters) - Israeli real estate developer Property & Building , a subsidiary of debt-ridden conglomerate IDB Holding , has agreed to sell the Barneys building in Chicago for $154 million.

The 9,000-square-metre building was purchased in 2011 for $122 million and together with rental income received over the past two years Property & Building had a pretax gain of $38 million, the company said on Thursday.

The buyer, who was not identified, is an American corporation specializing in shopping centers, Property & Building said.

The two main tenants of the building are Barneys New York and Citibank.

(Reporting by Tova Cohen)

Comments