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RE Rumor Mill: Time, Heritage Equity, Minskoff

By Andrew McIntyre ( December 11, 2014, 5:45 PM EST) -- Time Inc. has sold the Sunset Magazine campus in Menlo Park, California, to Embarcadero Capital Partners LLC for what could be $77 million or more, the Silicon Valley Business Journal reported, citing an earlier report on the deal by the San Jose Mercury News and unnamed sources for the price estimate. The 77,700-square-foot campus is located at 80 Willow Road and sits on 7 acres, the journal said. Time said in a letter to its employees that it's arranged a sale-leaseback transaction for the property, which will allow the magazine to continue to be published there until the end of 2015, the Mercury News reported....

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