Move Inc. downsizes headquarters

No layoffs associated with cost-cutting move

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

Realtor.com operator Move Inc. says the company will save about $1 million a year in rent by vacating nearly half of the office space it’s occupied for the past nine years at its headquarters in Westlake Village, Calif.

Move’s new seven-year lease with Arden Realty Limited Partnership provides the company with 76,000 square feet on two floors at 30700 Russell Ranch Road, compared with 138,000 square feet under its previous lease, signed in 2000.