Douglas Council says it's accepted an offer to buy landmark flats in the centre of the capital.
After putting the Lord Street complex on the market last November, the local authority says it's accepted an offer for the site.
The council says it can't reveal who's made the offer, which is still subject to contract.
But it says money from the sale will be used for future housing projects in the city and it will release more details once contracts are signed.
Gales spark warning, could mean ferry disruption
Ronaldsway Met Office says gales of up to 70mph are set to lash the Island tomorrow.
Petition against double-murderer's parole nears 3,500 signatures
A petition against a double-murderer being paroled has gathered almost 3,500 signatures.
Willaston bus shelter removed after damage during gales
Bus Vannin says it's had to remove a Douglas shelter after it was damaged by weather.
Road closure announced for Peel fire festival return
A busy road in Peel will shut later this year as winter does battle with summer.
No government definition of 'frontline' workers, says chief minister
What actually is a frontline worker?
Island man films escape from Russian drones in Ukraine
A Manx man defusing bombs in Ukraine had a narrow escape from drone strikes this week.
Newspaper says Ronaldsway fourth-worst airport in Britain for cancellations
Ronaldsway has been listed as one of the worst in the British Isles by a national newspaper.
Manx-backed company prepares for moon launch day!
A company backed by the Isle of Man government is hoping to launch a datacentre to the moon this week.
