The Los Angeles Times building in downtown Los Angeles has sold to a Canadian developer, paving the way for the redevelopment of a historic property the paper has called home since 1935, according to a person familiar with the deal who was not authorized to discuss it publicly.
Onni Group of Vancouver has explored plans to turn the property at 202 W. 1st St. into a collection of creative offices and retail and residential units.
The Times reported in June that Onni had signed an agreement to buy the building, but the deal with Tribune Media officially closed Monday night, the source said.
Tribune Media in Chicago declined to comment. An executive at...