Live Nation To Divest Some Boston Properties
May 5, 2009 at 5:39 AM (PT)
LIVE NATION has agreed to divest three of its non-core real estate holdings located in BOSTON for approximately $22.5 million in cash plus an earnout at THE ORPHEUM THEATRE over the next five years.
The properties include the BOSTON OPERA HOUSE, ORPHEUM THEATRE and PARADISE. The transaction is expected to close in the third quarter of 2009.