Time Warner to Gauge Value of Headquarters [Update]
Time Warner’s headquarters, the massive 1.1 million square foot building that is part of the Time Warner Center, is getting a once over. According to Reuters, the media giant has hired Eastdil Secured to market the building in order to see how much it would fetch if it was put up for sale.
Time Warner already owns or rents 15 spots in the city, and it’s trying to cut that number down. A spokesperson for the company said options being considered for its headquarters include keeping it and consolidating within it; selling it and then leasing it back; or selling it and consolidating within other locations.
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