The Sacramento Bee building is being sold for around $51 million in a deal that calls for the newspaper to lease the building back from its new owner.
McClatchy, which owns The Bee, announced Wednesday that the building is being sold to Shopoff Advisors LP, an affiliate of Irvine real estate investment firm Shopoff Realty Investments. Separately, McClatchy announced it is selling the building occupied by The State newspaper of Columbia, S.C., to a different buyer and will lease that property back as well.