Fox Interactive's $350 million new offices
Poor Yahoo can't even keep tenants at the Yahoo Center in Santa Monica — Fox Interactive Media will be moving all 2,000 of its Los Angeles-area employees to the as-yet-uncompleted Horizon at Playa Vista office park in Playa Del Rey. The deal, which Peter Levinsohn calls "the biggest deal in LA real estate in 25 years," is worth $350 million according to sources cited by the Los Angeles Times. The planned complex, situated between Culver City and LAX, will also host a retail complex, making it easy for FIM employees to buy the products with the paychecks funded by the advertising for those products, thereby completing the great Southland circle of life.