Click to Skip Ad
Closing in...
 Toni Morrison Breaks Down Race as a Social Construct to Stephen Colbert Toni Morrison Breaks Down Race as a Social Construct to Stephen Colbert Wow! BBC Announces That Idris Elba Will Return for a 2-Part 'Luther' Event Series in 2015 Wow! BBC Announces That Idris Elba Will Return for a 2-Part 'Luther' Event Series in 2015 Lupita Nyong'o Will Star in Mira Nair's 'Queen of Katwe' Film Adaptation (On Ugandan Chess Prodigy Phiona Mutesi) Lupita Nyong'o Will Star in Mira Nair's 'Queen of Katwe' Film Adaptation (On Ugandan Chess Prodigy Phiona Mutesi) Whoa! Steve McQueen & Harry Belafonte Are Teaming Up on a Paul Robeson Film. Will Be His Next Feature Whoa! Steve McQueen & Harry Belafonte Are Teaming Up on a Paul Robeson Film. Will Be His Next Feature Fox Is Developing an American Remake of 'Luther' (But Not with Idris Elba Starring) Fox Is Developing an American Remake of 'Luther' (But Not with Idris Elba Starring) Chris Rock on That Stubborn Burden of Representation Thing ("Black Fame" vs "White Fame") Chris Rock on That Stubborn Burden of Representation Thing ("Black Fame" vs "White Fame") White Women in LA Will Be Empowered by Black Women in New Series 'Bye Felicia!' (Watch Clip) White Women in LA Will Be Empowered by Black Women in New Series 'Bye Felicia!' (Watch Clip) Did Anyone Actually Like Lifetime's Aaliyah Movie? Also, Producer Wendy Williams Takes on Backlash Did Anyone Actually Like Lifetime's Aaliyah Movie? Also, Producer Wendy Williams Takes on Backlash Review: Refreshingly Diverse 'Big Hero 6' Will Make Kids and Science Lovers of all Ages Giddy Review: Refreshingly Diverse 'Big Hero 6' Will Make Kids and Science Lovers of all Ages Giddy Weekend B.O. Nov.14-16 (Why Didn’t 'Beyond the Lights' Light Up at the Box Office?) Weekend B.O. Nov.14-16 (Why Didn’t 'Beyond the Lights' Light Up at the Box Office?) Your Thoughts on 'Beyond the Lights' Now That It's in Theaters? Your Thoughts on 'Beyond the Lights' Now That It's in Theaters? Gina Prince-Bythewood Wants to Eliminate the Term "Black Film" Gina Prince-Bythewood Wants to Eliminate the Term "Black Film" Review: Five Things Missing from 'Aaliyah: The Princess of R&B' Review: Five Things Missing from 'Aaliyah: The Princess of R&B' White People Don't Get It Because They Never Had to White People Don't Get It Because They Never Had to Lifetime Releases First FULL Trailer for 'Aaliyah: The Princess of R&B' (Premieres Saturday, 11/15) Lifetime Releases First FULL Trailer for 'Aaliyah: The Princess of R&B' (Premieres Saturday, 11/15) Actors Cast to Play Missy Elliot, Timbaland, Damon Dash in Aaliyah Biopic Actors Cast to Play Missy Elliot, Timbaland, Damon Dash in Aaliyah Biopic Woody Allen Says He Won’t Hire a Black Actor Unless the Role Calls for One... Whatever That Means Woody Allen Says He Won’t Hire a Black Actor Unless the Role Calls for One... Whatever That Means Lifetime Launches New Series Set In Elite World Of Hip-Hop Majorette Competitions (Watch Preview) Lifetime Launches New Series Set In Elite World Of Hip-Hop Majorette Competitions (Watch Preview) Netflix Explains Why It Doesn't Always Have That Film Or TV Show You Really Want To See (Video) Netflix Explains Why It Doesn't Always Have That Film Or TV Show You Really Want To See (Video) Tichina Arnold Says She Talked To Martin Lawrence About Doing A 'Martin' Movie... Tichina Arnold Says She Talked To Martin Lawrence About Doing A 'Martin' Movie...

Oprah Winfrey's Harpo Studios Finally Sold (But It’ll Still Be Around)

Shadow and Act By Sergio | Shadow and Act March 16, 2014 at 9:27AM

After two years of searching, Oprah Winfrey's Harpo Studios has finally got a buyer. But it's not going anywhere soon.
0
Harpo Studios

It took a while, something like two years to be exact, but finally Oprah Winfrey has closed a deal to sell off her Chicago based studios, late last week.

As I wrote last fall, with the end of a 25-year run on her daily talk show, and now devoting all her energy to the Oprah Winfrey Network, which is headquartered in Los Angeles, there was speculation that Oprah would soon unload the facilities.

And around that time she, Winfrey, very quietly “retained the real estate investment company Eastdil Secured to explore the possible sale of all, or part, of her Harpo Studios, located on the Near West Side of Chicago, where she taped her talk show for years, starting in 1988."

But now it's been announced that the Chicago real estate developer, Sterling Bay Companies, has made a deal to buy the entire four unit property, which is expected to close in the next 30 days.

However the deal is unusual in that it will actually be, at first, for a period of time, a sale/leaseback deal in which the studio and property will be leased back to OWN for the next two years, allowing the network to continue creating programming.

However, if you’re in the market for other Chicago property formally owned by Oprah, her four unit duplex condo in Water Tower Place on north Michigan Ave in Chicago, is still on sale for just only $7.75 million

.

This article is related to: Oprah Winfrey


Shadow & ActNewsletter