The Paley Center will soon be vacating its Beverly Hills digs, four years sooner than planned. The bicoastal org, which also maintains a headquarters building in New York, confirmed to Variety that it will move out of its Beverly Hills location in mid-2020.
The Paley Center has occupied the location since 1995, when it opened a new building designed by L.A. architect Richard Meier on the property — located on Beverly Drive at South Santa Monica Boulevard.
But Paley doesn’t actually own the land where its building sits. A group of seven trusts, dating back to families that purchased the property in the 1920s, had leased it to Bank of America, which in turn subleased it to the Paley Center (then known as the Museum of Television and Radio) in 1995. In 2008, the Paley Center extended the term of its lease until Feb. 28, 2024.
In 2014, New York real estate investment firm Jenel Management Corp.
The Paley Center has occupied the location since 1995, when it opened a new building designed by L.A. architect Richard Meier on the property — located on Beverly Drive at South Santa Monica Boulevard.
But Paley doesn’t actually own the land where its building sits. A group of seven trusts, dating back to families that purchased the property in the 1920s, had leased it to Bank of America, which in turn subleased it to the Paley Center (then known as the Museum of Television and Radio) in 1995. In 2008, the Paley Center extended the term of its lease until Feb. 28, 2024.
In 2014, New York real estate investment firm Jenel Management Corp.
- 12/19/2019
- by Michael Schneider
- Variety Film + TV
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