The Los Angeles Times has no immediate plans to relocate operations after its historic downtown headquarters was sold nine months ago, despite media reports to the contrary, a spokeswoman for the newspaper said.
“We have not signed a new lease,” Hillary Manning, Times’ director of communications, said via email late Tuesday. “We are currently researching our options for the future, which include remaining in the building or selecting a new location.”
Her statement followed reports from local real estate news websites that the Times plans to lease space at Aon Center, a skyscraper in downtown’s financial district, which Manning denied.
“That rumor is false,” she said.
The paper’s lease is good through June 2018 with options to renew, Manning said.
The Times has occupied all or part of the building at Spring and First streets in downtown’s Civic Center since 1935. The newspaper became a tenant in the 750,000-square-foot complex in 2014, when its parent Tribune Co. spun off the company’s real estate assets to offshoot Tribune Media, whose primary holdings are broadcasting businesses. Tribune Publishing retained the newspaper business and rebranded itself last year as tronc Inc.
Vancouver developer Onni Group purchased the building in late September for at least $105 million, marking the first time that the property traded out of the hands of a media company.
The firm plans to build apartments in place of a 1970s-era chunk of the building, and renderings of the concept became public last month.
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