IDB Unit Nets $154M For Barneys Building In Chicago

Law360, New York (June 13, 2013, 5:07 PM EDT) -- Real estate investor Property and Building Corp. Ltd., an affiliate of Israel's IDB Group, has inked a deal to sell its rights to the Barneys Building in Chicago for $154 million, according to a Thursday regulatory filing.

The deal is expected to close within the next 60 days, though there are options to extend that period, and will cover the remaining $79 million of debt that PBC has on the property, according to a PBC filing with the Tel Aviv Stock Exchange. The agreement was inked...
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