AOL, our new owner, this morning announced that it has entered into an agreement for the sale of four office buildings it says it no longer utilizes, in addition to two undeveloped parcels of land on the East side of its Dulles campus. The buyer is CB Richard Ellis Realty Trust, who's taking over AOL's corporate park for $144.5 million in cash.
AOL says this means it has approximately $750 million of cash on hand as of October 29.
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