The former Billingham House site on Belasis Avenue may be brought back into use after being bought by FUJIFILM Diosynth Biotechnologies.
Billingham House was once the biggest office block on Teesside but after closing in the mid 1990s it fell into disrepair and became a target for vandals and arsonists.
The Council planned to press ahead with pulling it down, but Bizzy B (the company who owned the building) took the battle to London’s Court of Appeal arguing it had viable revamp plans for the building. The Court of Appeal ruling in May 2012 cleared the way for dismantling to begin.
Now, Stockton Council’s Leader, Councillor Bob Cook, has said they are delighted with the news and hope that the purchase of the site will represent "the beginning of a new chapter in its life".
Cleveland Police are appealing for information about a Teesside boy who disappeared last Friday.
Tyler French was last seen on 8th August at an address in the Cowpen area of Billingham.
Police believe he may be in the Billingham or Stockton areas.
They are concerned as Tyler has not been missing for this length of time before.
They have issued a direct appeal to Tyler to let them know he is safe and well.
Anyone with information on Tyler’s whereabouts is asked to contact Cleveland Police on the non-emergency number 101.
Billingham International Folklore Festival of World Dance is underway on Teesside.
The event, which has been running since 1965, is celebrating its 50th anniversary.
The Great North Air Ambulance said two female motorcyclists have been taken to hospital with serious injuries after crashing into a car at high speed in Billingham, on Teesside.
And from student engineers to 11-year-old mathematicians - and a national maths challenge.
Hundreds of teams from Primary schools across the country enter the 'Maths in Motion' competition every year.
This year, pupils from St Joseph's Primary in Billingham came out top. But that is not for the first time - this is the third year in a row.
Jonny Blair reports.
ITV News Tyne Tees cameras captured the sound of a controlled explosion carried out by a British Army bomb disposal team on Teesside. The Belasis Technology Park near Billingham was evacuated after a suspected wartime bomb was found at a crisp factory - lodged in a potato.
An area of Teesside has been cordoned off after a suspected explosive device was discovered - lodged in a potato.
Officers were called to KP Crisps at Belasis Technology Park in Billingham earlier. The bomb disposal team from Catterick Garrison in North Yorkshire carried out a controlled explosion.
Police said the device was lodged in a potato and resembled a war time bomb.
It happened on Armed Forces Day.
A bomb disposal team has arrived at Belasis Technology Park, near Billingham, from Catterick Garrison army base in North Yorkshire. The business park has been evacuated because of a suspected explosive device.
Belasis Technology Park. near Billingham on Teesside, has been evacuated by police. More information to follow.