Dealer-turned-director Jeffrey Deitch is poised to part ways with the Los Angeles Museum of Contemporary Art, the Los Angeles Times reports. He is expected to step down with just under two years left in his five-year contract. “One person, who was not authorized to speak publicly, said that Deitch was ‘choosing to step down,'” wrote Mike Boehm in an article published today. “Another person who has spoken to Deitch said that MOCA is expected to announce Deitch’s exit along with the news that the museum is nearing completion of a fundraising campaign it announced in March to boost its endowment from about $20 million to $100 million.” Stay tuned for the press release, which is reportedly due following a MOCA board meeting scheduled for tomorrow. And L.A.’s loss may be New York’s (re)gain. B.L.A.T.C. reports that Deitch is already on the hunt for an apartment and a gallery space on the Upper East Side.