FIM Moving To New LA HQ In Playa Del Rey
This story was written by Staci D. Kramer.
Fox Interactive Mediat is celebrating its third birthday* by finally announcing a new headquarters that should be big enough to house all of its LA staff in one place: 300,000-plus square feet in the Horizon at Playa Vista in Playa Del Rey. In an internal memo to his staff, FIM (NYSE: NWS) president Peter Levinsohn described the deal "the single biggest real-estate transaction in Los Angeles in the last 25 years. When we move to our new facility between June of 2009 and January of 2010, not only will we enjoy the distinction of having one of the largest corporate headquarters in the LA area, but we will be housed in a state-of-the-art facility that reflects our corporate identity and culture." The space includes "an exclusive gym, internal and external eating facilities, volleyball courts, and lots of green space ..."
New neighbors in the development between Santa Monica and LAX include Electronic Arts (NSDQ: ERTS).
* News Corp unveiled FIM July 15, 2005.
By Staci D. Kramer