Click to Skip Ad
Closing in...
Marvel Hopes to Release a New Netflix Series Every 6 Months - Including 'Luke Cage' & 'The Defenders' of Course Marvel Hopes to Release a New Netflix Series Every 6 Months - Including 'Luke Cage' & 'The Defenders' of Course Queen Latifah Will Play Wiz and Mary J. Blige Is Evillene in NBC's Musical Production of 'The Wiz' Queen Latifah Will Play Wiz and Mary J. Blige Is Evillene in NBC's Musical Production of 'The Wiz' Here's the List of Films & TV Series Coming to (and Leaving) Netflix's Streaming Library in August Here's the List of Films & TV Series Coming to (and Leaving) Netflix's Streaming Library in August 'Key & Peele' Will End After Its Current Season 'Key & Peele' Will End After Its Current Season MSNBC Decides: Touré Is Out, Rev. Al Stays (For Now) MSNBC Decides: Touré Is Out, Rev. Al Stays (For Now) Disney Channel & Disney XD Casting Directors Holding Online Casting Call for Diverse Actors, Age 10-17 Disney Channel & Disney XD Casting Directors Holding Online Casting Call for Diverse Actors, Age 10-17 Revisiting Spike Lee's Perplexing 'She Hate Me' on Its 11th Anniversary Revisiting Spike Lee's Perplexing 'She Hate Me' on Its 11th Anniversary Oprah Winfrey Presents Landmark 7-Night Event Series 'Belief' Premiering October 18 (Trailer) Oprah Winfrey Presents Landmark 7-Night Event Series 'Belief' Premiering October 18 (Trailer) Watch 5 Clips From TV One Original Movie 'Runaway Island' - Premieres This Saturday, July 25 Watch 5 Clips From TV One Original Movie 'Runaway Island' - Premieres This Saturday, July 25 Samira Wiley to Co-Star in Film Based on Kitty Genovese 1964 Murder Samira Wiley to Co-Star in Film Based on Kitty Genovese 1964 Murder MTV Has Made Its 'White People' Documentary Available Online - Watch It Here MTV Has Made Its 'White People' Documentary Available Online - Watch It Here MSNBC Is Caught Between a Rock and a Hard Place with Rev. Al (Demote Him or Let Him Go?) MSNBC Is Caught Between a Rock and a Hard Place with Rev. Al (Demote Him or Let Him Go?) LeBron James Inks "Unprecedented Agreement" with Warner Bros. Spanning Film, TV, Digital LeBron James Inks "Unprecedented Agreement" with Warner Bros. Spanning Film, TV, Digital Check Out the Official Theatrical Trailer for Stanley Nelson’s 'The Black Panthers: Vanguard of the Revolution' Check Out the Official Theatrical Trailer for Stanley Nelson’s 'The Black Panthers: Vanguard of the Revolution' Starz Announces Return Date for Original Series 'Power' + New Key Art + Trailer Starz Announces Return Date for Original Series 'Power' + New Key Art + Trailer Why Was Janet Hubert (Aunt Viv) Really Replaced on 'Fresh Prince of Bel-Air'? Buzzfeed Investigates Why Was Janet Hubert (Aunt Viv) Really Replaced on 'Fresh Prince of Bel-Air'? Buzzfeed Investigates Third 'Best Man' Movie Gets a Title, an Official 2016 Release Date & A Most Unexpected Wedding Third 'Best Man' Movie Gets a Title, an Official 2016 Release Date & A Most Unexpected Wedding Aaron McGruder Finally Explains Why He Left 'The Boondocks' Aaron McGruder Finally Explains Why He Left 'The Boondocks' 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