Eric Richardson [Flickr]

Part of the Times Mirror Square complex as viewed from City Hall in an October photo.

DOWNTOWN LOS ANGELES — Bankruptcy proceedings and the depressed real estate market have led Tribune company to pull Times Mirror Square off the market, according to a story today in Crain's Chicago Business. The company announced plans to sell the property in June.

The complex, composed of five buildings and spanning the entire block bounded by 1st, Spring, 2nd and Broadway, once housed both the Los Angeles Times and the headquarters for the parent Times Mirror company. The latter part of the building has been vacant since the paper was bought by Tribune in 2000.

Crain's article notes that broker Cushman Wakefield is now focused on trying to find government tenants for the vacant office space in the complex. The Times' buildings sit on the edge of Los Angeles' Civic Center, the country's second largest after Washington D.C..