search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudVictor Sigoura picks up site of failed West Chelsea condo for $87MVictor Sigoura picks up site of failed West Chelsea condo for $87MBird Streets spec home sells for $63M — priciest LA deal this yearBird Streets spec home sells for $63M — priciest LA deal this year
Commercial
New York

Entertainment Weekly is leaving NYC

The publication will head to California in March

One World Trade Center (credit: Joe Mabel via Wikimedia Commons)
One World Trade Center (credit: Joe Mabel via Wikimedia Commons)

Entertainment Weekly is trading NYC for La La Land. The celebrity-obsessed publication announced that it plans to leave Time Inc.’s corporate offices across from 1 World Trade Center at 225 Liberty Street and move operations to Los Angeles.

The magazine will move into People Magazine’s West Coast offices in March, according to Crain’s.

Sign Up for the undefined Newsletter

The move comes as Time looks to cut costs. It will relocate 40 to 45 of the publication’s 66 New York staffers to California, a spokesperson for the publication said. The move will also give EW employees access to Time Inc.’s new studio where they will produce original video programs.

“It makes a lot of sense in that covering TV is primarily what we do,” an EW staff member told Crain’s. “When the magazine was started, you couldn’t conceive of having a national publication based anywhere but New York.” [Crain’s] – Christopher Cameron

Tags
Commercial Real EstateOffice Leasing