Time Warner looking to move outside Manhattan

TRD New York /
Jan.January 06, 2012 02:00 PM

While the possibility of media conglomerate Time Warner leaving the building that boasts its name is not new, an article from the Hollywood Reporter pointed to the possibility of a more drastic move for the company — a move away from New York City.

Time Warner’s CFO John Martin told a conference for entertainment investors in San Francisco yesterday that the company will be considering options outside Gotham when its leases at 10 buildings in the Big Apple — which cost the firm approximately $300 million per year — are up in 2017. A source told the Hollywood Reporter that parts of New York state, New Jersey and Connecticut are under consideration.

The company owns the 92-story megalith it currently calls home, but since September, the entertainment company has been reviewing its real estate portfolio, and was said previously to be considering the Far West Side of Manhattan or downtown for its potential relocation. [Hollywood Reporter]


Related Articles

arrow_forward_ios
A photo illustration of Stephen Ross and Time Warner Center (Credit: Joel Auerbach/Getty Images, Wikimedia Commons)

Related plans Time Warner Center revamp

Related plans Time Warner Center revamp
Related Chairman Steve Ross and Time Warner Center at 25 Columbus Circle (Credit: Getty Images and iStock)

A free penthouse for Steve Ross, now on the market for $75M

A free penthouse for Steve Ross, now on the market for $75M
Related Companies chairman Stephen Ross and his penthouse at 25 Columbus Circle and his Hamptons property at 35 West Neck Lane (Credit: Corcoran, Getty Images and Trulia)

Stephen Ross trades Central Park for Hudson Yards. Here’s a peek at his other homes

Stephen Ross trades Central Park for Hudson Yards. Here’s a peek at his other homes
Jho Low and the Mandarin Oriental penthouse at 80 Columbus Circle (Credit: Getty Images and StreatEasy)

Jho Low’s old pad at the Time Warner Center is officially up for sale at $30M

Jho Low’s old pad at the Time Warner Center is officially up for sale at $30M
Kazakh billionaire and Extell backer unloads Mandarin Oriental condos for $20M [Updated]

Kazakh billionaire and Extell backer unloads Mandarin Oriental condos for $20M [Updated]

Kazakh billionaire and Extell backer unloads Mandarin Oriental condos for $20M [Updated]
Anthony Bourdain’s Time Warner Center apartment hits the rental market

Anthony Bourdain’s Time Warner Center apartment hits the rental market

Anthony Bourdain’s Time Warner Center apartment hits the rental market
Malaysia seeks arrest of financier Jho Low in 1MDB scandal

Malaysia seeks arrest of financier Jho Low in 1MDB scandal

Malaysia seeks arrest of financier Jho Low in 1MDB scandal
Time Warner Center and Columbus Circle; Deutsche Bank CEO Christian Sewing. (Credit from left: Deutsche Bank; BigMacSC99)

Deutsche Bank to lease 1.1M sf at Time Warner Center

Deutsche Bank to lease 1.1M sf at Time Warner Center
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...