Yahoo to make a move to Playa Vista
Much like the recent news of Google buying 12 prime acres in the heart of the Playa Vista neighborhood so will Yahoo. Yahoo will be moving their offices from Santa Monica to Playa Vista. Yahoo is excited to join not only Google but also a bevy of other tech companies and have signed a long-term lease for about 130,000 square feet at the new Collective campus in Playa Vista. The move will bring at least 400 jobs from its current location, with space to accommodate growth. Yahoo plans to make the major move in the early fall on the heels of Google spending nearly $120 Million dollars to the area, and will be occupying the historic Howard Hughes Hanger, built in 1943. Los Angeles Mayor Eric Garcetti couldn’t be happier for the move by Yahoo, as he has been aggressively pushing to make Los Angeles a tech hub. “I’m proud that Yahoo is moving to Los Angeles and sending a strong message to the business community that our city is where the next big thing is going to be,” Garcetti said. “This move proves that L.A. is accelerating as a center of technology and entertainment.” The thought is that this is a perfect time to invest in Playa Vista and get in at the ground floor, as inventory is low and prices will skyrocket as these major companies continue to gentrify the area.