December 04, 2013
Yahoo to Occupy The Collective at Playa Vista
In a move that could dramatically underscore Playa Vista’s emergence as a hub for media and tech companies, Yahoo Inc. appears ready to set up shop there.
The company is close to finalizing a lease for 130,000 square feet at Tishman Speyer’s Collective campus, according to Westside real estate sources.
The Sunnyvale search engine and Web portal is expected to take three of the five buildings on the campus, at 11975, 11985 and 11995 W. Bluff Creek Drive. The buildings, designed by downtown L.A. architecture firm Shimoda Design Group, are under construction and should be completed in the spring. Yahoo could move in shortly thereafter.
Terms of the deal were not disclosed, and brokers for both Yahoo and Tishman Speyer declined to comment. Yahoo executives could not be reached.
Should the lease go through as planned, Yahoo will be the second giant Silicon Valley search engine company to embrace Playa Vista, a submarket with large blocks of available space that has quickly established itself as a lower-cost alternative to Santa Monica.
Read more at Los Angeles Commercial Real Estate Advantage.