Oprah Winfrey's Harpo Selling Part of West Side Studio Property


Oprah Winfrey


The media mogul's studio hired a real estate firm to market a portion of its 4-building West Side campus.

Oprah Winfrey used to broadcast her self-titled syndicated talk show at her Harpo Inc.'s West Side studio complex at 1058 W. Washington, but now a part of that property will either be sold, refinanced or leased back. Harpo has hired real estate company Eastdil Securedd LLC to market a portion of its 4-building campus and other assets.

After "The Oprah Winfrey Show" ended in 2011 and stopped taping in the facilities, the talk show host maintained it for the production and post-production work for her OWN cable network. According to a source, any sale or leaseback contract that will be entered into will not affect such operations within the studios.

It is said that when Winfrey moved into the area in 1989, the surrounding area benefitted from it, producing somewhat of a business renaissance on the near West Side especially improving the real estate values of the land within the area. The neighborhood now thrives with other establishments as restaurants, office spaces, hotels and even a Google Inc. office within the vicinity.

For Winfrey's part, she will likewise gain from the booming real estate market, with the possible sale of some part of the 88,000-square-foot complex plus the streamlining of the existing operations into a couple less structures. There's also word that the beloved Hollywood celebrity is planning to let go of her Chicago mansion to move into a smaller home.

© AceShowbiz.com


MORE FROM NEWS

Leave a Comment

Required fields are marked with *

   

TODAY'S HEADLINES

  1. Matt Damon and Jimmy Kimmel Go to Couples Therapy Again. Does It Work This Time?
  2. 'The Walking Dead' Was Supposed to End in Alexandria, but It Has Changed
  3. Rihanna Warns Fans Not to Play Pokemon Go at Her Concert as Beyonce and Adele Face Same Issue
  4. Iggy Azalea Sparks Butt Implant Rumors With Instagram Photo. What Expert Says?
  5. Karl Urban Debuts His 'Thor: Ragnarok' Look. See His Newly Shaved Head
  6. 'Sesame Street' Fires Three Longtime Cast Members
  7. Meet the Ravagers From 'Guardians of the Galaxy Vol. 2'
  8. Disney Plans 'Han Solo' Trilogy With Alden Ehrenreich
  9. Jeremy Renner's Ex Claims He Refuses to Pay Child Support
  10. Secretly Married? See Miley Cyrus' New Band on Her Ring Finger

CELEBS PHOTO