Archives

, , , , Posted by on

Miami Herald Sells Doral Property For Nearly $14 Million

The Miami Herald Media Co. sold its Doral printing press building for $13.85 million to the pension plan of its parent company, the McClatchy Co.

The transaction was part of a six-property deal by Sacramento-based McClatchy where its newspapers sold six properties in four states to its pension plan for a combined $47 million. It then agreed to lease back the properties from its pension plan for 11 years for a combined $3.5 million in rent.

Continue reading