With U.S. commercial real estate sales at a near-standstill, Tribune Co. is suspending efforts to sell its namesake tower in Chicago and the downtown Los Angeles headquarters of The LA Times, the company has said.

'Given the downturn in the real estate market, a sale is less likely now, but we continue working with our advisors on other ways of maximizing the value of these properties,' Tribune spokesman Gary Weitman said. That might include renting space in Tribune-owned buildings to tenants.

Los Angeles Times