Hearst Sells Stake in LA Herald Examiner Building

Los Angeles Times: The former offices of the Los Angeles Herald Examiner opened a century ago with red-tiled roofs and prominent arches in the Mission Revival style inspired by California’s past. Now the downtown Los Angeles landmark, vacant since the newspaper closed in 1989, will experience yet another sort of revival. New York developer Georgetown purchased an undisclosed stake in the beige architectural gem from Hearst and is partnering with the newspaper chain on a $40-million project to redevelop the building into offices and ground-floor restaurants.