Reuters: Time Warner Weighs Options On Time Warner Center


By Alex Weprin Comment

Reuters reporters Liana Baker and Ilaina Jonas report that Time Warner is taking a serious look at its New York headquarters, the Time Warner Center, and is considering selling the property.

The company is considering a wide range of options, including selling the midtown Manhattan building and leasing it back, moving more employees into the building and closing other New York offices, or moving out from the building entirely, one source said on Wednesday.

Time Warner center is home to an upscale mall, a slew of famous restaurants, the Mandarin Oriental hotel and CNN’s New York bureau, in addition to the media giant’s corporate offices.